Cashalo
Cashalo is a licensed digital lending platform in the Philippines that offers quick and accessible financial solutions. Through the Cashalo mobile app, users can apply for personal cash loans, Lazada loans, or Buy Now, Pay Later (BNPL) options at partner merchants. Loan amounts typically range from ₱1,000 to ₱7,000 for new borrowers, with the possibility of higher limits for repeat users. Interest rates start at around 3.95% per month, and repayment terms usually span 15 to 90 days, with some products extending up to 180 days.
Information about Cashalo
Loan Amount: PHP 1,000 – 10,000
Interest rates: 0,33% per day
Approval durations: 5 minutes
Loan Application Process Requirements
Age: 22-70 years old
Citizenship and/or residentship: For citizens of the Philippines
Proof of income is needed or not: Stable income is required
Documents required: Official ID such as a TIN, Passport, PRC, UMID, SSS, or Driver’s License
Advantages
Fast and Convenient Application
Cashalo loans are applied for entirely through the mobile app, requiring only a mobile number and a valid government ID. Approvals can happen in minutes to a day, and funds are often released within 24 hours.
Flexible Loan Options
Borrowers can choose from Cash Loans, Lazada Loans, or Buy Now, Pay Later (BNPL). Loan amounts start from ₱1,000, with terms ranging from 15 to 90 days (and in some cases up to 180 days), giving flexibility depending on needs.
Legit and Regulated
Cashalo is operated by Paloo Financing, Inc., which is registered with the SEC and licensed to operate in the Philippines. This ensures borrowers are protected under consumer finance regulations.
Questions and answers
What is Cashalo?
Cashalo is a legit online lending platform in the Philippines, registered with the SEC, offering personal loans, Lazada loans, and Buy Now, Pay Later options.
How much can I borrow?
You can borrow from ₱1,000 up to ₱7,000 for first-time users; repeat borrowers may get higher limits (sometimes up to ₱10,000+).
What are the interest rates and terms?
Rates start at around 3.95% per month (up to 0.5% daily), with repayment terms from 15 to 90 days, and in some cases up to 180 days.
How do I apply?
Download the Cashalo app, register with your mobile number, submit a valid government ID, fill in your details, and choose your loan type.
With its SEC registration and compliance with consumer protection laws, Cashalo provides a legitimate way for Filipinos to cover urgent expenses, shop conveniently, or build credit history—though timely repayment is important to avoid penalties and protect one’s credit score.
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