Cashalo is a fintech platform that provides loans in the Philippines. These digital loans are issued in less than 2 hours thanks to an automated application verification process and Internet banking, which allows borrowed money to be given directly to the borrower’s card without the need to visit the lender’s office. These loans are designed for people who urgently need money.
Customers can access Cashalo loans through the mobile app. The Cashalo app is entirely free and available on Google Play, Huawei AppGallery, and App Store.
Is Cashalo legal? Cashalo operates in accordance with Philippine legislation and has all the necessary documents. Cashalo is the commercial name of the fintech platform owned by Palo Financing, Inc. The company has a certificate of authority No. 1162 and SEC registration number CSC201800209.
Cashalo launched in the Philippines in 2018 and provides an online, collateral-free lending service with simple, straightforward functionality. Cashalo helps users solve the problem of running out of money. The Cashalo platform in the Philippines provides secure and fast online cash loans. With the Cashalo app, users can borrow money to meet their financial needs quickly and safely.
What is a Cashalo Loan?
Cashalo app users can experience three types of loans: Cash Loan, Lazada Loan, Buy now, and Pay Later. Cashalo credit can be used for various purposes:
- Payment for medical services
- Urgent car repair
- School fees
- Gadgets or household appliances
- Food
- Online shopping
- Emergencies
- Business.
The differences between these loan products are described below.
???? Credit Cash
Loan Amount: Php 1,000 to Php 7,000.
Interest rate: 3.95% per month.
Cashalo Cash Loan is a short-term loan that provides small amounts starting from 1,000 pesos. Customers use this loan for small, immediate expenses, such as paying bills, buying groceries, or minor home repairs.
???? Lazada Loan
This product is used to top up your Lazada wallet. The amount of this loan is also not large and does not exceed 5,000 Philippine pesos. Customers use these funds to purchase products only from Lazada.
Lazada Loan does not require a down payment. However, the customer will not be able to receive a Lazada Loan if he already has a Cash Loan. It is also worth considering the fact that you must already have an activated Lazada wallet; otherwise, the loan funds will not be successfully credited to you.
???? Buy now, pay later
This credit is valid for purchases from Cashalo partners. The Buy now, pay later loan has the most attractive conditions. The interest rate is minimal and sometimes even 0%.
This lending scheme is quite common. “Buy now, pay later” from Cashalo allows you to buy in installments in more than 1000 stores, which can exist both offline and online. Clients can even save money because, as mentioned above, some partners offer 0 percent interest.
Benefits of the Cashalo app
Here are some benefits of a Cashalo loan.
✔️ Easy loan application process
The Cashalo loan application process is straightforward. Download the Cashalo app, enter the required information, and wait for confirmation. Everything happens in the program. This means that you don’t have to leave home to live on credit.
✔️ Quick decision on loan application
Unlike other lenders, Cashalo loan approval takes only 1 week to 3 days. Get the money you need instantly. Credits can be transferred to the bank of your choice or a mobile wallet such as GCash or Maya.
Millions of users trust us.
✔️ Legitimacy
Cashalo is legal and has all the necessary permits to operate a business. The number of users will show you how many people trust the platform. Cashalo has over 4 million users.
✔️ No deposit
You don’t have to sacrifice your values to take out a loan. Fill out the application form.
Requirements for borrowers
The loan application is available to citizens of the Republic of the Philippines who meet the following requirements:
- borrower’s age is 21 years or older
- the borrower must have a permanent income (self-employed, hired worker, have his own business)
- the borrower must have 1 valid ID.
How to apply
???? The Cashalo Cash loan application process
How to get a money loan online in less than 15 minutes.
Cashalo Loan Application Process
Download Cashalo loan software and ignore this software.
Register with your phone number. If you have an account, log in with your number.
Click “Apply Now” under “Loan Repayment”.
Create a profile.
Select the desired loan amount and payment terms.
Select the “Refuse” option.
Apply and wait for loan approval.
???? Cashalo Lazada Loan Application Process
Download Cashalo loan software and ignore this software.
Register with your phone number. Make sure this number matches the phone number registered in your Lazada account. If you have an account, log in with your number.
Select Lazada credit. Fill in the required information in the form.
Select the desired amount and terms.
Please submit your application. Once approved, your funds will be deposited into your Lazada wallet within 1-3 days.
???? Buy now, Pay later
Download Cashalo loan software and ignore this software.
Register with your phone number.
Select the seller and the desired product.
Fill in the required information and select the loan term.
Leave your request and wait for confirmation of your order.
Get the product.
How to repay
Borrowers can pay their loan on the Cashalo website on the Pay My Loan page. However, Cashalo also provides alternative payment options. Borrowers can also use the following payment option:
- 7-Eleven
- ECPay
- TouchPay
- SM Business Centers
- Robinsons Bank
- Robinsons Business Center
- Bayad Center
- Digipay
- DA5 (agent of Western Union).
Remittance and Payment Centers (via Dragonpay)
- LBC
- Cebuana Lhuillier Bills Payment.
E-wallets:
- GCash
- Maya
- ShopeePay.
The Cashalo maximum loan amount is ₱7,000. Clients can borrow this amount only if they prove that they’re responsible borrowers.
Author Maria Torres from Upfinance.
You can get a loan here: https://upfinance.com/loan-type/cash-loans/
Read also: Navigating Financial Waters: The Ins and Outs of Caveat Loans
