What is COVID-19

Coronavirus disease (COVID-19) is an infectious disease that causes respiratory illness. Symptoms include cough, fever, and difficulty breathing in severe cases. 

COVID-19 spreads through contact with an infected person through coughing and sneezing or when a person touches an object or surface with the virus on it, and then touches their eyes, nose, or mouth. People infected with COVID-19 may be contagious for over 14 days. 

Source: World Health Organization

How does this affect my Tala loan?

Due to COVID-19, decisions on loan applications may be delayed. We apologize for the delay. For customers with outstanding loans, please reach out to support at hello@tala.co.in if you need help managing your loan.

Staying Safe

To prevent the spread of the virus, follow these top tips: 

• Wash your hands frequently 
• Avoid touching your eyes, nose, and mouth
• Keep a safe distance from others (minimum 1 meter) 
• Stay home! Social distancing is key to preventing the spread of COVID-19 

Click here for more information on how to stay safe from COVID-19. You can also find information from the Ministry of Health and Family Welfare.

Source: World Health Organization

Financial tips during COVID-19

Here are some quick tips on managing your finances and staying safe during the COVID pandemic:

Adjust your budget: cut out non-essential spending

As a first step, we suggest estimating all of your current expenses. Identify which expenses are important NEEDS and cut expenses that are just things you would like to have. Ask yourself, what do you absolutely need to survive? Of course you don’t want to remove everything fun, but in stressful times it’s best to focus on essential needs and save for an emergency.

Save on fixed expenses

You can significantly reduce these expenses if everyone at home takes steps to save water, electricity, and gas. Save water by turning off the faucet when you are not using the water, like when you brush your teeth or lather your hands, or body. Save electrical energy by turning off the lights and devices that you are not using at the moment. Save gas by reducing the time you spend bathing in hot water and use the stove only as necessary. This is not only good for your wallet, but also good for the environment!

Consider soap and water as alternatives to pricey hand sanitizers

According to the American CDC, soap and water are the first tools to combat viral spreads. Only use hand sanitizers with 60% alcohol if soap and water are unavailable. Remember to wash your hands for at least 20 seconds!

Live updates from the Ministry of Health and Family Welfare

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