TALA online lending. How to apply, the things that you need to know.

After 3 months of waiting, TALA Philippines now welcome me as one of their new borrower. I've been waiting for this day to come and I am so happy because TALA offers low Interest rate compared to other online lenders.

How to Apply: 
First: Download their application online in any Cellphone. Just search for TALA Philippines in Apple store or Play store.

Second: Register with your cellphone number. They will only requires you to submit 1 Valid Government ID. You'll just have to answer personal questions and submit. Just make sure to use the code N570BO during registration.

Don't worry, they will not bother to call you for verification. They will not requires you to submit other documents nor numbers from different person as your references to qualify. And even if you don't have a bank account they can still send the money through Palawan, Cebuana and coins.ph

Take note: Make sure to use your legal name, same name as what is says in your government  ID coz you can only register 1 account in TALA. Even if you uninstall then reinstall the application to register a new number with different name, the system will not accept it. You will only be getting an error.

TALA is just my 2nd Best online lender when it comes to interest rate and payment terms (check my other post for my Number 1 online lender). Imagine I will only have to pay 150 pesos interest for 1 month with my 1,000 pesos loan. I'm talking about 1 month payment term coz other online lenders only have 14 days as an option with huges interest rate to pay. For 1 month payment term you can make sure that you really can pay off your loan.

For first time borrower TALA normally offers 1,000 but they can offer of up to 10,000 in due time. Specially if you have good payment history with them. My TALA status as of this moment is Bronze as seen in the picture.

A friendly advised: Even if your loan got rejected on the first attempt. Just don't  give up and try it again once you are qualified to apply. Coz in my case, I've tried it every month since May and got only approved August for my first loan.

I am not affiliated with TALA, i am also a borrower so if you have questions about your application with them better contact them directly for more details.