Tala, a leading digital lender in Kenya, has introduced a personal line of credit that offers continuous access to funds. With a simple one-time application, users can borrow against a pre-approved credit limit of up to KSh 50,000 whenever they need to. Tala is trusted by over 8 million customers nationwide, and is licensed by the Central Bank of Kenya.
Key Features of the Tala Loan App
Tala provides a smooth borrowing experience with minimal requirements. Some of its standout features include:
- Easy application: Only a national ID is required to apply.
- Fast approval: The Tala approval process takes just five minutes.
- Flexible limits: Customers can increase their credit limits quickly.
- Affordable rates: Tala interest rates start as low as 0.3% per day.
- No paperwork or collateral: Borrowers do not need a bank account or physical documents.
How to Apply and Borrow with Tala
- Download the App and Apply: Users need to download the Tala app and complete a short questionnaire. The app then provides a personalized credit offer based on the applicant’s profile.
- Choose Your Terms: Once approved, borrowers can select their preferred loan amount and repayment date, allowing for financial flexibility.
- Receive Your Money Instantly: Upon confirmation, the approved amount is sent directly to the user’s M-PESA account, ensuring quick access to funds.
- Enjoy Continuous Access to Credit: Unlike traditional loans that require repeated applications, Tala’s line of credit remains open, enabling users to borrow multiple times up to their approved limit.
- Easy Repayment Options: Borrowers can repay through M-PESA Xpress or via Paybill number 851900 using the phone number linked to their Tala account. Repayments can be made in full or in partial amounts before the due date.
Read: Best Mobile Loan Apps in Kenya for 2025
Who Can Apply for a Tala Loan?
Tala’s services are available to Kenyan residents who meet the following criteria:
- Must be 18 years or older.
- Must possess a valid national ID.
- Must have an active mobile phone number.
Benefits of Using Tala
- Full Control over Repayments: Tala does not auto-debit accounts, allowing users to decide when to repay within the agreed period. Additionally, costs automatically adjust if financial circumstances change.
- Transparent Fees: The interest rate is clearly stated, Tala charges a minimum daily rate of 0.3%. There are no hidden charges, and users only pay for the number of days they use the funds.
- Fastest Credit Limit Growth: Customers who repay on time can quickly increase their borrowing limits, with many doubling their limit within months.
- Secure and Reliable: Tala ensures user data is protected with SSL encryption. The company also prioritizes ethical customer treatment, even in cases of late repayments.
- Rewards for Referrals: Users can earn KSh 500 off their next loan by referring friends to Tala, making borrowing even more affordable.
Read: The 5 Best Loan Apps in Kenya 2025
Credit Terms and Conditions
Tala offers loan limits ranging from KSh 1,000 to KSh 50,000. Daily interest to Tala loans is applied only to the amount borrowed, with rates varying between 0.3% and 0.6%. To avoid additional charges, users must repay by the due date. Late Tala payments attract an 8% penalty on the outstanding balance.
Additionally, borrowers are subject to a 20% Excise Duty on daily interest and late payment interest, as mandated by the Excise Duty Act. All fees and applicable charges are transparently displayed before loan disbursement.
Privacy and Security
Tala values user privacy and adheres to strict data protection policies. The app collects minimal personal information for verification and credit assessment purposes. Tala does not sell customer data or share it without user consent.