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In Kenya, first time loans (line of credit) start from between KSh 1000 - 2000. With on-time payments customers can build a strong credit history with us and become eligible for increasing loan amounts up to KSh 50,000. To be eligible for a new higher loan amount, customers have to repay the prior loan in full in a timely manner. 

Tala’s daily interest rate is between 0.3% - 0.6%* plus 20% excise tax on your daily interest  (*as of Oct 24, 2022 - to get current rates, please see details on the play store)

The maximum annual percentage rate (APR) ranges between 109.50% - 219.00%* in Kenya. (*as of Oct 24, 2022 - to get current rates, please see details on the play store)

No. There are no loan processing fees charged to customers in Kenya. One more reason why Tala can be an affordable choice.

The following is an example of fees calculated for a loan amount of KSh 4000. If a borrower receives KSh 4,000 and repays after 60 days, he/she would owe interest of 18%* (or KSh 720) and excise tax of 20% of interest (or KSh 144), which is a total payment of KSh 4,864   Breakdown:  KSh 4,000 (borrowed amount) + KSh 720 (interest)+ KSh 144 (excise tax) = KSh 4,864 (total payment)   *Note: Fees & rates are as of Oct 24, 2022. Fees and interest rates are subject to change. For the most accurate current rates, please see details on the play store

Yes. To be eligible for a KSh 20,000 loan, a customer should have demonstrated a good payment history for prior loans. First time applicants may not be eligible for larger loan limits and may start with lower credit limits in the range of KSh 1000 -2000.