Tala is a fast loan application for Android designed to help residents of the Philippines to borrow money to urgently cover their financial needs.
Apply
Just like in MoMo, here users can apply their documents to receive money in their bank account. The requirements include the person being at least 18 years old, having a stable salary and Filipino citizenship. It is possible to upload all necessary docs online, there is no need to go anywhere, everything may be resolved in the comfort of one’s home.
There are variable loan amounts and plans tailored to your preferences. Based on your payrolls, you are able to request for the desired amount with flexible payment conditions. At the time of writing this review, the app allows you to borrow up to 25 000 pesos.
Repay
There are transparent fees and interest rates which do not charge you additional money for services. It is possible to cover the expenses in several installments within a given period of time. On top of that, by completing payments on time without delays, you can increase your overall credit score.
Once you completely close your current plan, you are able to submit requests for new money transfers with less interest rates. This option is only available for those users who have a good repayment history.
Features
- allows to receive up to 25 000 peso;
- loans are available only to people over 18 years old;
- provides flexible payment methods and affordable terms;
- free to download and use;
- compatible with supported Android versions.
