Tala Loan App Review
Tala loan App Review is a popular mobile lending app that provides instant loans to individuals, particularly in emerging markets such as Kenya, Tanzania, the Philippines, Mexico, and India. It was founded in the year 2014 by one Shivani Siroya.
Tala’s Aim/Goal
![](https://dailybrief.co.ke/wp-content/uploads/2024/05/scr-tala.png)
This app aims to financially empower underserved populations who lack access to traditional banking services. Through its user-friendly mobile app, Tala offers quick and convenient loan application processes, typically without the need for collateral or credit history.
The app utilizes alternative data sources and machine learning algorithms to assess creditworthiness and determine loan eligibility, enabling users to access funds for various purposes, such as business investment, education, healthcare, or emergencies.
Tala’s innovative approach to financial inclusion has made it a prominent player in the digital lending space, providing millions of people with access to financial services and opportunities for economic advancement. Below is a photo of a happy client of Tala.
![Tala Loan App Review](https://dailybrief.co.ke/wp-content/uploads/2024/05/Screenshot-2024-05-28-094534.png)
More than 6 million customers have partnered with Tala to achieve their financial goals. Currently Tala has 4.4 out of 5 stars on Google Play Store (Read Here) and over over 1 million 5-star reviews globally.
Tala Loan App Registration and How to Apply
To initiate the process of obtaining a Tala loan, you need to begin by downloading the Tala app and submitting your loan application through the app. To acquire the app, kindly visit the official website designated for your country. Click on the buttons below to access your country’s official Loan App site:
Once you’ve downloaded the app, proceed to sign up and complete a brief application form directly within the Tala app. This application typically requires only a few minutes of your time.
Advantages and Disadvantages of Tala Loan App
The following are some of the highlighted Advantages and Disadvantages of Tala loan by most of the customers;
Advantages:
- It’s very efficient
- Reliable and Customer friendly
- Pocket friendly interest rates
- Convenient repayment period based on your ability
- Very trustable
- Easy application procedures
- Has no hidden charges
- Shorter loan application processing period
- Gives you a longer repayment period of up to 60 days
- Your credit limit increases gradually when you make your payments early
Disadvantages:
- Slow speed in processing due to internet
- Poor response to customer concerns (poor customer service)
- Unreliable
- Lower credit limits more especially if your credit score is poor
- Longer period of loan approval
- Blacklisting you immediately you default
Application Problem
One of the frequently asked questions about App Problems is; I am seeing, “There is a problem sending your loan” on my app. What does this mean?
Encountering the message “There is a problem sending your loan” within the app should not cause alarm; it simply indicates that your loan is undergoing a comprehensive review process after receiving preliminary approval. This message signifies that your loan has successfully cleared the initial verification and approval steps.
Presently, it is undergoing an additional meticulous examination, especially in scenarios where there is a considerable volume of loans to process. This supplementary review aims to guarantee the accurate transmission of your funds to the designated destination without any discrepancies, ultimately striving to facilitate a smooth transfer of your loan to your account.
How To Make Tala Loan Payment
You can repay your loan with M-PESA Xpress or via our Playbill 851900. Use your Tala registered phone number as the account number.
Looking for a country specific answer? Select your country support site
Philippines Help Desk Kenya Help Desk
Tala Ayuda México
India Help Desk
![Tala Loan App Review](https://dailybrief.co.ke/wp-content/uploads/2024/05/Screenshot-2024-05-28-102739.png)
How Tala Protects Your Data
For eight years we have worked to give you a safe and reliable experience. Here are a few measures that we have taken to protect you and your data. Tala does not share your privacy.
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The Tala Loan App Review
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