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TALA: Quick Loans For Everyone

Tala is a relatively new financially-driven service but has made strides in the Philippine market for its approach to quick and accessible loans with fast repayment terms. It introduced a whole new loan system that focuses on catering to emergencies and quick loans without the barrier of time and credit. But above all, TALA’s advocacy to bring credit scoring to billions of people has made a mark on the lives of Filipinos around the globe.

A look into TALA

Tala is one of the quickest quick loan services that reach clients who have access to an android phone. Loan decisions are made in as fast as 5 minutes — one of the speediest turnaround times in the market. They offer micro-loans of as little as P1,000 for common Filipinos who need financial relief without the burden of significant and unattainable repayment terms. While the loanable amount is relatively small, it’s sufficient for most on-the-spot-needs, making it a highly accessible platform for people from all walks of life.


The best thing about Tala’s service is that it’s accessible to everyone. You don’t need a crazy good credit score and history to get a loan. It has set up one of the loosest loaning requirements, making it a hassle-free option for those without sufficient footprints with larger institutions.

Loan terms and repayments

TALA only offers quick micro-loans of P1,000-2,000, but regular clients who pay on time can get up to P10,000. It’s an ideal system for immediate cash needs and for the majority of people to have access to funds on legal terms. No more relying on sketchy loan sharks who ask for absurd rates when you can get the money through a legitimate institution with a looser and more flexible repayment scheme.


The interest rate is 11% with a 21-day repayment period and 15% with a 30-day repayment period. These rates are lower than your average quick loan but don’t get too carried away as you also need to pay them back in a shorter time. A late payment fee of 8% will apply to loans that are seven or more days past their due. This number can inflate the actual cost of your loan, so be wary about applying for loans that you can’t afford in a month.

There are plenty of ways to receive your money, including bank transfer, remittance centers, and Coins.ph. Meanwhile, you can make repayments through the same channels or 7-11.

What sets Tala apart

Tala isn’t your typical quick loan that offers no long-term benefit to borrowers. Even though their loan system focuses on micro-transactions and tight turnarounds, they put in the extra work to ensure that every transaction is recorded in your credit history. That’s right — even if you don’t have an existing relationship with a larger financial institution, TALA fills in that gap and gives you a digital credit identity.

It offers Filipinos an opportunity to start building a strong credit history for many more significant opportunities in the future. It’s essentially a springboard for those who can’t afford the starting point of banks or doesn’t have access to a nearby institution. You don’t even need a bank account to avail of TALA’s services — it’s that accessible.

It’s that simple

Don’t be scared about requirements because TALA makes everything easy for your convenience and accessibility. All you need is to:

  • Be 18 years old and above;
  • Own an android phone (iOS is not compatible with the TALA app);
  • Have a valid government ID (SSS, PhilHealth, Driver’s License, Passport, etc.)

And that’s it! No-fuss, no hassle — just send in an application, and your money will come in 24 hours or less. It can even come in as quickly as 5 minutes! As long as you pay the loan back on time, you’re unlikely to run into any problems.

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