How to Repay Your Tala Loan: A Comprehensive Guide to Easy Loan Repayment

Tala loans have become a popular financial solution for many Kenyans who need quick access to cash. With competitive interest rates, immediate disbursement, and convenient repayment options, Tala continues to attract more users. However, repaying your loan on time is crucial to maintaining a good credit score and unlocking higher loan limits. In this article, we'll explore the different ways to repay your Tala loan, including:

1. Paying via Mpesa
2. Repaying through the Tala app
3. Using another number to pay

How to Pay Your Tala Loan via Mpesa

Repaying your Tala loan through Mpesa is a fast and convenient option. Here's a step-by-step guide to help you pay your loan:

• Open Mpesa on your phone.
• Select 'Lipa Na Mpesa.'
• Enter Tala Paybill Number 851900.
• Use your phone number as the account number. (Remember to use your phone number to get a loan from Tala.)
• Enter the amount you wish to repay your Tala loan. You can make partial payments.
• Complete the process by entering your PIN.
• You'll receive a confirmation message from Tala after making the payment.

Repaying Your Tala Loan Through the Tala App

The easiest and most recommended method is using the Tala app to repay your loan. All you need is the Tala app and an internet connection. Follow these simple steps:

• Launch the Tala app on your smartphone.
• Enter your PIN.
• If you have an outstanding loan, it will be displayed on the app.
• Click on "Make a Payment."
• Enter the amount you wish to pay or pay the entire loan amount.
• Click "Make Payment."
• A push notification will be sent to Mpesa, opening Mpesa on your phone.
• Enter your Mpesa PIN.
• After completing these steps, Tala will send you a confirmation message, and your loan status will be updated on the app.

Paying Your Tala Loan Using Another Number

Yes, you can repay your Tala loan using another number through M-Pesa. Here's how:

• Open the SIM toolkit on your mobile phone.
• Select Mpesa.
• Navigate to 'Lipa Na M-pesa.'
• Enter Tala Paybill number 851900.
• For the account number, enter the phone number that took a loan from Tala (not your current phone number).
• Make the payment, and you'll receive a Mpesa confirmation message.
• Tala will send a message to the number you're paying for.

Frequently Asked Questions

Q: Can I make partial payments for my Tala loan?

A: Yes, you can make partial payments,You are using either Mpesa or the Tala app for your Tala loan. Ensure you pay the total loan amount before the deadline to avoid penalties.

Q: What happens if I don't repay my Tala loan on time?

A: Failure to repay your Tala loan on time can result in several follow-ups by Tala agents and may affect your reputation with the company. If you don't pay your loan within 60 days, you may be blocklisted, making it difficult to secure loans in the future.

Q: Can I use someone else's phone to repay my Tala loan?

A: You can use someone else's phone to repay your Tala loan. Follow the steps outlined in the "Paying Your Tala Loan Using Another Number" section above.

Q: How can I increase my Tala loan limit?

A: To increase your Tala loan limit, repay your loan on time and maintain a good credit history. As you consistently repay your loans, your loan limit will gradually increase.

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Conclusion

Repaying your Tala loan is crucial to maintaining a good credit score and unlocking higher loan limits. With multiple repayment options like Mpesa, the Tala app, and using other numbers, you can quickly repay your loan on time and enjoy the benefits of being a responsible borrower. By following the steps outlined in this comprehensive guide, you'll be well-equipped to manage your Tala loan repayments easily. So, never miss a payment and secure your financial future today!