Cashalo is a leading online lending platform in the Philippines that provides affordable and convenient lending solutions to individuals in need of financial assistance. The company name is a combination of two words “cash” and “kasalo”, which are combined in Cashalo and mean having a partner for your finances.
Cashalo is one of the most popular lending apps in the Philippines. All Cashalo online loans are financed by Palo Financing, Inc., which has SEC registration number CSC201800209 and Certificate of Authority No. 1162. This company offers loan products that help Filipinos experiencing financial problems.
One of the key features of Cashalo is the fast and easy application process. Through a user-friendly mobile app, borrowers can easily apply for a loan by providing basic personal and financial information. The application is processed promptly, and borrowers receive a decision within a few minutes.
Cashalo is proud of its commitment to responsible lending. They conduct thorough credit assessments to ensure that borrowers are able to repay their loans. This helps prevent borrowers from falling into a cycle of debt and promotes financial stability.
This Philippine fintech platform offers several lending products. Borrowers can get Cashalo loans online through the mobile application, which is available on Google Play, Huawei AppGallery and App Store.
Cashalo credit packages
With a mission to bring access to finance to millions of Filipinos, Cashalo offers a wide range of loan products tailored to the diverse needs of borrowers. Cashalo is a popular lending app in the Philippines. This company offers the following loan products:
- Cash loan
- Lazada loan
- Buy now, pay later.
Cashalo also prioritizes customer satisfaction and is committed to providing superior customer service. Their dedicated support team is always available to answer any concerns or questions that borrowers may have throughout the lending process.
Cashalo Cash Loan is a short-term personal loan that is usually available for small amounts starting from Php 1,000. You can use this loan for any purpose: buying food, paying bills, repairing household appliances or gadgets.
Cashalo’s maximum loan amount is PHP 7,000. The interest rate is usually 3.95% per month.
Lazada Loan – This financial product is suitable for Lazada users. With Lazada Loan, you top up your Lazada wallet with up to PHP 5,000 and shop for anything only from Lazada.
Interest rate from 0%!
Buy now, pay later
Cashalo’s Buy Now Pay Later credit app scheme allows you to make purchases in installments at over 1000 partner stores, both online and offline. You can also get a great deal as some partner sellers do not charge any interest.
Another notable aspect of Cashalo is its flexible repayment options. Borrowers can choose from various repayment terms, allowing them to select a plan that best suits their financial situation. Additionally, Cashalo offers competitive interest rates, making their loans more affordable compared to traditional lending institutions.
Advantages of Cashalo online loans
Flexible loan repayment terms
One of the benefits of Cashalo is its flexible repayment options. Borrowers can choose from a variety of repayment terms, allowing them to choose the plan that best suits their financial situation.
Additionally, Cashalo offers reasonable interest rates, making their loans more affordable compared to other online lenders.
Selection of credit packages
With a mission to bring access to finance to millions of Filipinos, Cashalo offers a wide range of loan products tailored to the diverse needs of borrowers.
Simple loan application process
The Cashalo loan application process is very simple. Simply download the Cashalo app, provide the required information and wait for approval. All that happens in the application is that you do not have to leave your home and spend time in line at the loan center.
Fast payment of money
Unlike other loans that take a week or so to be approved, a Cashalo loan takes only one to three days. You will receive the money as soon as they help you. Credit funds can be deposited into your bank of choice or mobile wallet such as GCash and Maya.
You do not need to have anything valuable or risk any of your assets in order to qualify for a loan. You must meet the requirements. requirements for borrowers and fill out the application form.
What is the loan term for Cashalo?
The loan term will depend on the type of Cashalo loan you apply for. But as a rule, you can usually choose a period of up to 90 days. But in cases where the loan is used to pay for goods in partner stores, the loan term depends on each specific partner. Some stores provide credit for 6 months, some no more than 3 months.
Who can use Cashalo loan?
The Cashalo loan application is open to those who meet the Cashalo loan requirements:
- citizen of the Philippines
- age – 21 years and older
- have a permanent income – employee or self-employed
- Have a valid government issued ID.
In conclusion, Cashalo is a reliable and trustworthy online lender in the Philippines. With their commitment to responsible lending, user-friendly application process, flexible repayment options, and excellent customer service, Cashalo is an ideal choice for individuals seeking financial assistance.
Despite the fact that the process of applying for a Cashalo loan is simple, and credit funds are credited to the borrower’s account quickly, carefully consider all the pros and cons. Don’t let this convenience trump logic. Use online loans only when you really need urgent financial assistance. – you don’t want to deal with unpaid online loans.
Author Maria Torres from Upfinance.