Tala – loan
Tala micro-loans up to ₱25,000 approved instantly with just one valid ID
Applying does not commit you to any contract.
Tala is a global fintech company operating in the Philippines, Kenya, Mexico, and India. In the Philippines, Tala offers small personal loans from ₱200 up to ₱25,000, with repayment terms up to 61 days. New borrowers typically start with lower limits (₱200–₱3,000), which increase with each on-time repayment. The app is available on Android and iOS.
Tala's approval is instant and based on a proprietary credit model that analyzes phone usage patterns and financial behavior rather than traditional credit scores. Only one valid government ID is required. Funds are disbursed through GCash, Maya, 7-Eleven, Cebuana Lhuillier, or M Lhuillier. SEC and BSP registered.
The interest rate is high — equivalent to approximately 182.5% APR — so Tala is best used for very short-term emergency needs when no other option is available. Always repay on time: late payments reduce your limit and attract penalty fees. If you need money for longer than 61 days, compare other lenders on CoolFinance.ph with lower rates and longer terms.
✓ Pros
- Instant approval with just one valid ID
- Available to first-time borrowers with no credit history
- Multiple cash-out options: GCash, 7-Eleven, Cebuana
- Loan limit grows with on-time repayment
✗ Cons
- Very high interest rate — about 182.5% APR
- Short repayment period (max 61 days)
- Low starting limit for new borrowers (₱200–₱3,000)
Loan example
Example: Borrow ₱3,000 for 30 days at approx. 15% monthly rate = repay ₱3,450 after 30 days. Total cost: ₱450 for one month.
Loan requirements
- ✓ One valid government-issued ID
- ✓ Android or iOS smartphone
- ✓ Age 18 and above
- ✓ Philippine mobile number for OTP verification
Loan features
- Initial loan amounts: ₱200 to ₱3,000 (grows with history)
- Maximum: ₱25,000 for returning borrowers
- Repayment: up to 61 days
- Disbursement: GCash, Maya, 7-Eleven, Cebuana
- 7-day grace period available
Frequently asked questions
Instant after submitting the application.
The minimum amount at Tala is ₱200.