How to Increase Tala loan limit
Basically, for starters Tala loan limit is Ksh.500 or slightly higher. However, you can easily increase the Tala loan limit up to Ksh.50,000.
To do so,
- You must have multiple successful M-Pesa transactions,
- Make your first tala loan repayments on time
- Increase your Tala app service usage.
- consistently pay on time your subsequent loans
As a result, you will notice that your Tala loan limits are increasing.
Furthermore, Tala has a variety of loan limits available.
Below is an outline of the three Tala loan limits:
|Limit type||Minimum loan limit||Maximum loan limit|
Advantages of Repaying Tala Loan Limit on Time
Access to next loan
Stay in good standing and you can always count on Tala to be there for you, whether you rely on Tala on a regular basis to supplement your income or want to keep us in your back pocket for emergencies.
Grow your loan limits
Your first loan with Tala is just the starting point! If you pay on time, your loan limits will gradually increase. Within months, Tala customers frequently double, triple, and even quadruple their initial loan amount!
Improved loan terms with rising credit scores
Your credit score improves as you continue to be an active customer with on-time repayment, giving you access to new financial products and more favourable loan terms such as lower interest rates.
Avoid late fees
To set yourself up for success, flexible loans give you control over the due date. To build your financial agency and avoid late fees, pay on or before your chosen due date.
Having a dependable partner
Tala strives to be your financial partner, guiding you through the ups and downs of financial management. Repay on time to invest in our ongoing collaboration!
Tala App features:
- Loan application is fast
- Download and installation is easy
- Loan approval is instant
- Simple to use user interface
- Financial tutorials offered free online
- The loan limit grows fast
How to download the Tala app
Tala offers Apps for download on Android phones and Windows PCs. To successfully download and install the Tala app on your android phone, follow the simple guideline below:
- Search Tala App on Google Play Store
- Next, click on install and wait for the process to complete.
- Now click on install and wait for the complete installation of the app on your mobile phone.
- The Tala App symbol or icon will appear on your Android mobile.
- You are now ready to use and apply for a loan.
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Tala PayBill Number
The Paybill Number for Tala is 851900
Tala loan application form online
Generally, Tala application forms are not available online for download. However, they are available on the Tala loan app, normally in form of a questionnaire. Some of the questions are for instance Why are you applying for the loan? do you have any other outstanding loans? Etc.
To access the application form on Tala app, click on the Apply now button. Answer all the question with as much details as you can and honestly.
Upon submitting your loan limit will be displayed.
Key in the amount of loan you need and choose your repayment period. You can choose 21 days repayment period with weekly instalments or 30 days repayment period with monthly instalments.
Click on submit and wait for your loan to be approved. Upon being approved money will directly be sent to your M-Pesa account.
Tala loan contacts
Tala has a supper supportive and great customer care service team. You can contact them in case you have any inquiries. You can also ask for assistance if you find any challenge with installing the app.
Below are some of the ways you can contact them:
SMS Number: send an SMS to them via 2199
Email address: [email protected]