This how to download Tala App in Kenya. Now, all I have done is to download the App so that I can easily let you follow.
Once you have downloaded, you can easily configure it in a minute and see is you qualify for your first loan.
However, before we do that, let us see what Tala is.
What is Tala?
Tala is a mobile App that allows you to borrow loans easily via your phone. All you have to do is download the App, sign up via the app and apply for a loan.
It is as simple as that!
How to download Tala App in Kenya.
Please follow these simple instructions.
1. Go to Google Playstore
Go the Google PlayStore on your smartphone. Once this App is open, search for Tala.
2. Download the App
Once you have located the App, Tap to download it. It is 7MB in size and I was able to download it in less than 5 seconds on a 4G connection. Then tap to open the App.
3. Sign Up
If successful, you should be able to see a page that looks this way.
Tap ‘Sign Up.’ A page will be presented to you that requires you to input you mobile number. Please input your ‘Mpesa’ Number’.
Then hit ‘Verify’, a new page will come requiring that you create your pin. Please do so and after you have completed, the App will seek permission to manage calls, SMS, Check Contacts and see you Location. Accept this by hitting the continue button which also means you accept Tala’s terms conditions.
You will find yourself here if you followed the steps right.
As you can see, you are ready to apply your first loan.
Congratulations, you are successful downloaded and configured Tala App in Kenya.
It is as simple as that.
Frequently asked Questions (FAQs)
I get so many questions about Tala from prospective users. Here I answer the top 7 of these questions.
1. How does Tala determine how much to give you as a loan?
Tala, looks at your Mpesa history to determine your credit worthy. However, as a first time user your loan limit will be low.
2. What is the maximum amount I can borrow?
You can borrow up to Ksh. 30,000.00. However, you need to grow this credit limit by borrowing small and repaying your loans on time.
3. What is the Interest Rate?
Tala does not use a fixed interest rate. They have what they call Fees, which is between 5 and 15 percent on the amount borrowed.
4. What is the repayment method?
You must repay the loan in one month.
5. How do I get the loan?
The loan will be credited to your Mpesa Wallet.
6. What if I default?
If you default, Tala will list you with Credit Reference Bureau (CBR). This may make it difficult getting financial services elsewhere.
7. Does Tala Operate in other Countries?
Yes, Tala has presence in Kenya, Tanzania, Mexico, Philippines and India
If you are looking for small loans to boost your business, then Tala may come in handy. That said from my own personal experience, you have to begin thinking about repayment soon after getting the loan sent to you.
I hope this guide helps you download Tala App in Kenya and getting started with Tala.