How can I reapply my loan in Tala?

How do I reapply for Tala loan?

To apply for a Tala loan, open the Tala App and go through the loan application process. If approved, choose a payment period, then select the “Send my loan” button. For returning customers, you may reapply for another loan only after you have paid off your previous loan.

How do I qualify for a Tala loan?

To be able to apply for a Tala loan in Kenya, you need to have a national ID, a registered mobile phone number, Mpesa account and an android powered smartphone ( OS 4.0. 3+). You can borrow between ksh. 1,000 to 50,000 depending on your loan limit and credit score.

How much can I borrow from Tala for the first time?

At this level, the minimum loan limit is Ksh 5000 and the maximum loan limit is Ksh 9,999. Gold: The minimum loan limit for this level is Ksh 10,000 and the maximum loan limit is Ksh 50,000 The loan limit expands gradually as long as you keep the app installed on your phone and pay your loans on time.

How much can you borrow from Tala?

Borrow money, wherever, whenever. Trusted by millions, Tala offers fast growing mobile loans up to KSh 30,000 with fees as low as 5%.

IT IS INTERESTING:  Can you rent an apartment with a credit score of 585?

What happens if you fail to pay Tala?

Missing loan payments may result in fees, lower loan limits, or the inability to get a subsequent loan from us as well as other lenders. You may be contacted by collections agents if you do not repay your loan on time.

Can I Reloan Tala after payment?

You can apply for a new loan as soon as you pay the full amount of your existing loan. Make sure to fully pay for your Tala loan on your due date for more chances of getting a reloan.

Can I apply Tala loan online?

Search “Tala” App from Google Play or click this link: Download it to your Android Phone (running OS 4 or higher). Apply in 5 minutes. Get approved in seconds.

Can I go to jail for not paying a loan?

Not being able to meet payment obligations can make anyone feel anxious and worried, but in most cases, you won’t have to worry about serving jail time if you are unable to pay off your debts. You cannot be arrested or go to jail simply for being past-due on credit card debt or student loan debt, for instance.

How can I get Tala loan by SMS?

It is now easy to get a loan on Tala. You can even get it using sms, below is the way to do it. Simply draft a text message about your Tala emergency loan or any other Tala questions and send it to Tala SMS number ‎21991. You usually get a prompt reply in most cases.

IT IS INTERESTING:  Frequent question: What are three benefits of having a good credit score?

How safe is Tala?

Tala is a 100% legit app that provides FAST loans.