MANILA, Philippines, November 17, 2021 – Tala, the global technology company that creates the world’s most accessible financial services, today launched a unique credit option for its customers. This one-of-a-kind feature, called Tala Flexible Loans, allows customers to choose the due date that best suits their needs, up to 61 days.
Filipinos can now schedule their due date around their next payday and other financial obligations, making repayment easier and enjoying lower fees depending on the length of time they choose. Tala offers affordable, transparent and one-time fees on each loan. Tala has also facilitated repayment at over 18,000 locations such as GCash, Paymaya, Coins.ph, 7-Eleven, Cebuana Lhuillier or M Lhuillier where borrowers can pay in full or in part, at any time on the due date. due or before. Customers who make payments on time can benefit from better terms over time, including doubling and tripling their loan limits in just a few months.
“At Tala, we always listen to our customers and innovate our products according to their needs,” says Shivani Siroya, Founder and CEO of Tala. “Our new and improved flexible credit gives borrowers the power to choose the maturity date that works best for them, not Tala. We are confident that this new feature will give Filipinos better financial access as well as the confidence to achieve their financial goals. “
Any Filipino with an Android phone can apply for Tala credit 24/7 using the easy-to-navigate Tala mobile app. For first-time borrowers, simply open the application, complete the personal information form, and provide a photo and government-issued ID. Tala renders a decision within minutes of the request. Once approved, borrowers can choose their terms by confirming the loan amount they want, the due date, and where they want to receive their money. Loans can be deposited into their bank account, transferred to their Coins.ph wallet, or claimed at the nearest money transfer center, such as Cebuana Lhuillier, M Lhuillier or Palawan Express Pera Padala.
Trusted by more than 6 million customers worldwide, Tala’s mission is to empower financially underserved people by using its proprietary technologies, encouraging responsible borrowing while preventing over-indebtedness. At the same time, the loan app consistently enables financial literacy through its robust content library, which includes articles related to loans, savings, business, and general spending.
Registered with the Securities and Exchange Commission (SEC), Tala guarantees safe and accessible loans by using best practices and defending consumer protection globally with world-class SSL encryption.
To start a journey with TALA, visit the Google Play Store now to download the app or just click http://bitly.ws/hcAt