Who can apply for a Tala loan?
Any resident citizen of the Philippines aged 18 or older, with at least one valid ID and a mobile number, can apply. There is no minimum income, no payslip and no bank account requirement, because the credit line is small and the decision is made from your answers in the app and, over time, from your repayment record. Each offer is personalised: two people can receive different limits and different fees.
Tala is operated by Tala Financing Philippines Inc., a financing company licensed by the SEC (Registration No. CS201710582, Certificate of Authority No. 1132) and a registered operator of payment system with the BSP. You can check those numbers on the SEC list of registered lending and financing companies before you install anything.
Requirements for a Tala loan
✔️ At least 18 years old and a resident citizen of the Philippines
✔️ One valid government-issued ID
✔️ An active mobile number registered in your name
✔️ The Tala app installed from the official Google Play listing
✔️ A wallet, bank account or payment centre to receive the cash (Maya, GCash, GoTyme, BPI, Cebuana and others)
A tip for you!
Only install the app from the official store listing and check that the developer is Tala. Fake apps with similar names are a common way to steal IDs and contacts.
Read the disclosure statement the app shows before you confirm: it lists the processing fee, the daily service fee and the total amount to repay for the term you selected. If the total is more than you expected, shorten the term or lower the amount.
Pay on or before the date you chose. On-time repayment is what raises your limit and lowers your fees over time; a missed date adds a late fee of 5% of the outstanding balance.
What are the fees of a Tala loan?
According to Tala’s published terms, the processing fee is 3.99% to 9.99% of the amount borrowed and the service fee is 0.23% to 0.43% per day, both computed on the principal and collected on the repayment date. Terms go up to 120 days and you can repay at any time during the term. The late fee is 5% of the outstanding balance after the term ends. The monthly effective interest rate is 11% to 12% and the maximum annual percentage rate is 141.76%. Sample: ₱1,000 with a 3.99% processing fee and 0.43% a day for 61 days costs ₱99.90 plus ₱140.30, ₱1,240.20 in total.
How to apply for a Tala loan?
Download the app, register with your mobile number, take a photo of your valid ID and a selfie, and answer a short questionnaire. The app shows the amount you qualify for; you pick the amount and the repayment date, review the disclosure statement and confirm. The cash is sent to the wallet, bank account or payment centre you selected. When the date comes, you repay through Maya, GCash, ShopeePay, BPI, BDO, Metrobank or the QR code in the app, and after repaying you can apply again.
If you have your ID at hand, press the button to go to the official Tala website and follow the link to the app.
Kredua is not a bank, a lending company or a financial institution, and we do not grant credit. We review products offered in the Philippines so you can decide with more information; every application is made directly with the institution, which is the only one that evaluates and approves it.
