The maximum you will ever get from the Tala app is KES 30,000. This is after several successful repayments on time. What are Tala Kenya Loan Interest Rates and Terms? Tala says they don’t charge interest fees on their loans but have something known as Service Fee for each loan you take. This ‘Service Fee’ depends on the type of loan you take.

Hi everyone! Welcome to my YouTube channel daveph. In this video, I will teach you on how to apply loan on TALA. Just follow this tutorial.

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Tala second loan amount

At this point enter ‘Business number‘ 851900. Enter Tala ‘Account number‘ which is your Safaricom mobile number that is registered for m-pesa. Enter ‘amount‘ this should be equivalent to the loan you are repaying. Now Key in ‘m-pesa PIN‘ and press ‘OK’. For example, for a 30-day loan with principal amount of Php 1,000, the service fee would be Php 152-171, the applicable tax would be Php 8-9, and the total amount due would be Php 1,160-1,180.

• 120-day loan payment terms have a one-time fee of 13-33%* • Grow with Tala and build your limit up to KSh 30,000 by making your loan repayments on time • For example, for a 120-day loan with principal amount of KSh 1,000, the service fee would be KSh330 and the total amount due would be KSh 1,330.

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The Tala interest rate ranges between 11% and 15% depending on your loan amount. With such benefits in mind, there is no doubt that Tala is the best mobile money lending platform where Kenyans can apply for instant online loans and receive them within minutes or hours. Tala loan limits. There are three Tala loan limits:

Interest rate: 4.95% fixed monthly interest rate. The loan amount is up to ₱5,000 for CashaLoan and up to ₱2,000 for CashaQuick With the emergence of Tala loan app Kenya, borrowers don’t require to associate with loaning associations, for instance, banks, loan sharks, or partners for help.

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Previously, you could access up to KSh 50,000. The current maximum loan amount is KSh 30,000 and that’s after building your reputation with the service.

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