Yes, Tala is considered a legitimate loan provider in the Philippines with some things to keep in mind:
Signs of Legitimacy:
- SEC-Registered: Tala Financing Philippines Inc. is registered with the Securities and Exchange Commission (SEC) Philippines. You can verify their registration status on the SEC website (https://www.sec.gov.ph/).
- Established Company: Tala has been operating in the Philippines for several years and has a presence in other countries as well.
- Regulations: They are supervised by the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines.
Potential Downsides:
- Interest Rates: While interest rates can vary depending on your creditworthiness and loan amount, Tala’s interest rates might be higher than traditional banks.
- Fees: There might be additional fees associated with the loan, so be sure to understand the full cost of borrowing before applying.
- Mixed Reviews: Online reviews can be mixed, with some users reporting positive experiences and others mentioning issues with high costs or aggressive collection practices.
Leave a Reply