Tala: Fast & Secure Loan App

Tala Mobile

About this app

Tala is your trusted, RBI-registered financial partner in India. We provide instant personal loans with dignity, transparency, and control. With over 13 million users worldwide, we offer a 100% digital, secure lending process for all your financial needs.

🔹Loan Offerings & Key Features

✅Loan Amount: ₹500 to ₹30,000
✅Daily interest rate: 0.12% per day (Percentages based on the loan amount)
✅Tenure: 61 to 120 days (subject to eligibility)
✅APR Range (Annual Percentage Rate): 103.64% to 115.6%
✅Processing fee: 10% to 12%
✅Late fees/ Penal charge : 10% imposed upon non-payment after the loan term
✅Applicable Tax (GST): 18% GST is charged on processing fee
✅Quick application & approval

🔹Other Features

▶️You're in Control: We are one of the few lenders that allows you to choose your own re-payment dates.
▶️Direct Bank Transfer: 100% digital application with instant money transfer directly via UPI.
▶️Transparency: Enjoy clear interest rates, no surprises, and no hidden fees.
▶️Financial Growth: Consistent repayment can lead to credit limit growth and lower interest rates over time.
▶️No Deductions: Get the full approved amount without any deductions.
▶️Pay for Usage: You only pay interest for the exact number of days you use the loan for. No pre-payment fees!
▶️Fair Collection: We offer the best in industry collection practices. With Tala, expect - no calls outside of working hours, dignified language, and no physical visits. Tala will also never call your contacts, friends, or family.

🔹Sample Loan Calculation

The following amounts are representative and may vary based on your risk profile and loan offer:
-Loan Amount: ₹5,000
-Tenure: 61 Days (~2 Months)
-Daily Interest Rate: 0.12%
-Interest Payable at 61 days: ₹366 (5,000 * 0.12% * 61)
-Processing Fee: ₹600 + ₹108 (12% + GST (18%))
-Total Fees: ₹708 (₹600 Processing Fee + ₹108 GST)
-Total Repayment Amount: ₹6,074
-Total Cost of the Loan: ₹1,074 (Interest + Fees)
-Annual Percentage Rate (APR): 115.6%

📃Banking Partners and Certifications
NBFC: Talazen Finance India Private Limited (RBI Registered Non-Banking Financial Company).
🔹Eligibility Criteria

To apply for a Tala loan, you must meet the following criteria:
✔️You must be a resident of India and at least 18 years of age.
✔️Access to an Android smartphone, a valid mobile number, Aadhaar and PAN cards.
✔️To qualify for Tala loans, borrowers must satisfy identity verification and underwriting requirements. Additional terms and conditions apply. To contact us please email us at [e-mail]

🔹Disclaimer
The Tala loan app is not associated with CASHe, KreditBee, RupeeRedee, Kissht, Dhani, Money View, Buddy Loan, MobiKwik, Swift Rupee, Navi, mPokket, Ring, PhonePe, Money Tap or PaySense.