Cashalo — loans online in Philippines

Cashalo is a fintech platform that delivers digital credit to Filipinos

With Cashalo, cash loans have a starting interest rate of 3.95% annual:

• Loan Amount from PHP 1,000 to 10,000
• Terms from 15 to 45 days
• Annual interest rate does not exceed 49.68%
• Cashalo minimum disbursement time is typically less than 24 hrs
• The Buy Now, Pay Later feature in the Cashalo loan app allows you to make purchases and pay in installments at over 1000 partner stores or leading online retailers.

How to apply for a loan in Cashalo

• Log in with your mobile number
• Tap "Apply Now" under Cash Loan
• Complete your profile
• Choose your desired loan amount and loan terms
• Select a cash-out option. You can choose either your nominated bank account, GCash, or PayMaya account.
• Complete your application and wait for your loan approval

Cashalo loan requirements

• All Filipinos above 21 years old
• Employed or with steady income
• Valid Government ID (accepted ids: UMID, TIN, SSS (Social Security System), PRC, Passport, Driver's License, Postal ID, PhilHealt ID, PhilSys ID (National ID), Voter's ID)

Cashalo's Buy Now, Pay Later process

1. Download the Cashalo app (if you already have it installed, you can skip this step).
2. Register with your phone number.
3. Select the store and the product you want to buy.
4. Fill in the required information and specify the loan term.
5. Submit the application and wait for approval and order confirmation.
6. Receive your product.

Repayment Terms and Payment Methods

Repayment Terms

• Loan Tenure. Flexible repayment period from 1 to 24 months
• No Hidden Fees. No hidden penalties, fees, or rollovers
• Late Payment Fee. Late payments incur fees; pay on or before the due date to avoid penalties

Payment Methods

Cashalo offers multiple payment channels for your convenience:

Online Payment via E-Wallets (Instant/Real-time Posting):

• GCash: Log in to GCash App → Menu → Pay Bills → Select Loans → Choose CASHALO → Input Loan ID, registered mobile number, and amount
• Maya: Select "Pay Bills" → Choose CASHALO → Input Loan ID, mobile number, and amount
• ShopeePay: Go to Shopee App → ShopeePay → Pay → Loans → Choose CASHALO → Input Loan ID, mobile number, and amount
• PalawanPay: Select "Payments" → Click Loans → Choose CASHALO → Input details
• CebuanaXpress: Select "Payments" → Click Loans → Choose CASHALO → Input details

Over-the-Counter Payment Centers (Real-time Posting):

• 7-Eleven (Cliqq Machine): Pay bills → Loans → Cashalo → Enter loan ID (without letter B/C) and mobile number → Get slip and pay cashier with PHP 20 transaction fee
• Bayad Center: Pay at any Bayad Center outlet
• SM Business Center: Pay at SM Business Center
• TouchPay: Pay via TouchPay outlets
• ECPay: Pay at ECPay outlets
• Robinsons Department Stores: Pay at Robinsons Department Store outlets

Bank Payment:

• BDO Branches: Pay at any BDO branch
• Dragonpay: Pay via Dragonpay through Robinsons Online Banking
• Cashalo App: Pay using Cashalo App with Robinsons Online Banking or Dragonpay

How to increase Cashalo loan limit

For Cashalo loan limit increase you must comply with the following requirements.

• Always pay back your previous Cashalo loans on time and do not overstay.
• Do not allow overdue debts on other loans from other companies.
• Always provide only current information when applying for a loan.
• Try to borrow from the same company to increase loyalty.

Suppose you need 2,000 ₱. For example:  Loan amount: 2,000 ₱.  Loan term: 90 days.  Daily interest rate: 0.2%.  Daily service fee: 0.3%.  Total interest rate: 0.2% x 90 days x 2,000 = 360 ₱.  Total service fee: 0.3% x 90 days x 2,000 = 540 ₱.  Total repayment amount: 2 000 + 360 + 540 = 2 900 ₱. Maximum Daily Effective Interest Rate (EIR): 0.5%. Maximum monthly EIR: 15%.  Maximum annual interest rate (APR): 180%.  Minimum repayment period: 61 days.   Maximum repayment period: 180 days.