Tala Personal Loan: Product Details & How to Apply

Rates available from as of 1st April 2021
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Tala Loan
Easy Apply
Ksh1k - 30k
61 Days
Interest Rate
Total Cost Including Institution's Other Fees
0.3% Daily
Typically approved within 24 hours
visit website
Easy Apply

Loan Type

Unsecured Loans

Total Cost Breakdown (Loan Fees)

  • Interest: 0.3% daily
  • 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

Representative Example of Loan Costs:

  • Example Loan Amount: ksh10,000
  • Representative Loan Cost: 0.3% daily
  • Loan duration: 61 days
  • Total Loan Repayment Amount: ksh11,830

This product is provided by Tala. Tala is a Credit-only Lender licensed under the Central Bank (Amendment)Act of 2021 and regulated by the Central Bank of Kenya.

How to Apply

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

See more Personal Loans available in Kenya on Money254

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How to Apply for Tala Loan, App, Repayment, Fees & Contacts

Tala is a loan app offered by Tala Mobile. The app is available on Google Play Store, has over 5 million downloads, and has a 4.4 out of 5 star rating.

Anyone with an Android smartphone can apply for a loan and receive an instant decision, regardless of their financial history.

To access a loan, you only need to download the Tala app on your phone, register, and then proceed to submit your loan application.

Who is Eligible for Tala Loans?

Tala Loan Limits and Interest Rate

How to Register Using the Tala Loan App

How to Apply for Your First Tala Loan

How to Make Tala Loan App Repayments

Fees and Penalties

Tala Loan App Privacy and Permissions

Tala Loan App Reviews

Tala Loan App Contacts

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