We all know how technology really has gone through amazing developments that made our lives more efficient and convenient. From the internet to text messaging and several apps for transportation, shopping, and productivity, our options are becoming wider. This is important especially for moms, since this helps our everyday chores lighter and easier and would you believe it, even loans can be done in a techy way, too!
Introducing Tala, an application intended to make loans accessible and free from paperwork. Unlike the traditional way of lending money, Tala uses a convenient procedure to allow users to have loans approved in just a few minutes using their smartphones. What’s more interesting is you can loan anytime, anywhere since Tala provides service 24/7.
Aside from the Philippines, Tala is also available in other countries like Mexico, Kenya, and Tanzania, USA, and India.To avail a loan, simply download the Tala app for free from the Google Play Store. Once done with registration, follow specific instructions for loan and wait until it gets approved. Remember to pay for the loan on due dates as this is how you earn good credit scores, which will result to faster loan approvals.
First time users of the Tala app will be required to upload a copy of their valid identification card using the said app. Once the loan is approved, users can cash in at selected banks and store partners including BPI, Cebuana Lhuillier, Palawan Express, and even through coins.ph. Repaying the loaned amount is also via Tala’s bank and store partners. Loans are payable in a weekly or a monthly basis with interest rates of 11% and 15% respectively.
Among the accepted proof of identification include a driver’s license, Unified Multipurpose ID or UMID, PRC Identification Card, Passport, Voter’s ID, SSS ID, and Postal ID.
Tala’s mission is to give financial access and control for the underserved communities. With the use of the Tala app, users are assured that their data is safe and secured because Tala uses industry standard security. For one, the app itself will require a PIN everytime users will initiate it on their smartphones.
Karina is not your ordinary supermom. She juggles her time bonding with her three amazing kids while being in the loop on the latest happenings in the tech and lifestyle scene. Follow me on Instagram (@digitalfilipina) regularly visit www.digitalfilipina.com for daily dose of updates not just for moms but for everyone!