Tala 30 Day Personal Unsecured Loan Details

Rates available from as of 1st April 2021
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Tala

30 Day Loan
Amount
KES
1000
-
30000
Duration
1
months
-
1
months
Total Cost
7
%
-
19
%
per loan
Typically approved within
1
days
visit website

Loan Fees

  • Interest Minimum: 7%
  • Interest Maximum: 19%
  • Processing Fee: None
  • Insurance Fee: None
  • Withdrawal Fee: None
  • Late Fee: 8%, Flat
  • Other Fees: None

Disbursement Details:

  • Institution Type: Digital Lender
  • Application Method: App
  • Disbursement Method: M-Pesa

Repayment Details:

  • Repayment Frequency: Flexible
  • Early Repayment: Allowed
  • Payment Method: Bullet or installments

Eligibility Requirements:

  • Smartphone: Required
  • CRB: Must be in good standing
  • Income: No Minimum
  • Employment:  Not Required
  • Network: Safaricom Customer
  • History: No requirements
  • Documents: National ID
  • T&C Link

‍

Money254 Review

Product Pros:

  • Fast application process
  • 7 day grace period before late fees charged
  • Loan limit can grow fast with good repayment

Product Cons:

  • Small starting loan limit
  • High late fees (8%)
  • Must be an M-Pesa customer

‍

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Disclaimer: The information that Money254 provides on this website is obtained from publicly available resources and is intended for information or educational purposes only. Money254 strives to keep the information on the website up to date and does not warranty that all the information will be as the financial institutions updated or changed information at all times. Money254 does not own any of the information provided by or obtained from third party financial institutions. Take note that the institutions represented on this website may vary their terms at any time or may offer you terms different to what you have seen on the website due to their own analysis of your individual circumstances or change of terms and you are encouraged to review the specific financial institution’s terms and conditions when obtaining their services or products. Money254 is not a financial institution, insurance provider or financial adviser and is not liable for any decisions any individual makes based on the information provided on the website.  Please refer to our terms and conditions and privacy policy before using this website.