CashCano Loan App Review: Want To Know It Legit or Scam?

In the dynamic world of digital lending, CashCano has rapidly emerged as a prominent and trustworthy financial companion for the people of the Philippines. With a core mission dedicated to providing fast, convenient, and transparent loan services, CashCano has played a vital role in helping millions of Filipinos navigate their way through financial emergencies.

CashLoanPH will offer you a deep dive into CashCano’s features, benefits, eligibility criteria, fees, and much more. Our aim is to equip you with all the essential information you need to make an informed decision on whether CashCano is the right lending platform to address your unique financial needs.

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CashCano Loan App Review: Overview

CashCano, a leading fintech company, specializes in offering online cash loans to individuals in the Philippines. Established in 2020, this financial institution is duly registered with the Securities and Exchange Commission (SEC). CashCano has firmly committed to financial inclusion, striving to ensure that underserved Filipinos have access to credit through its innovative digital lending platform.  Let’s explore some key highlights that make CashCano stand out:

✅ Loan App Name ⭐ CashCano – Instant Cash Loan
SEC Registration No. ⭐ CS 202000182
Certificate of Authority ⭐ No. 3197
Address ⭐ Marajo Tower, Fort Bonifacio, Taguig City, Manila
Website ⭐
Email [email protected]
Loan Amount ⭐ Loan offerings range from ₱2,000 to ₱120,000, with a fully digital application process
Instant Approvals ⭐ Swift approval process, potential for loan approval within minutes. Funds disbursed within 24 hours upon approval
Competitive Rates ⭐ Starting at a low 1% interest per month for affordability
Flexible Terms ⭐ Loan terms from 3 to 12 months, allowing borrowers to choose their repayment period
100% Online ⭐ Fully digitized application and approval process for convenience
Top-notch Security ⭐ Strong data encryption and security protocols for customer data protection


CashCano’s overarching commitment to responsible lending is evident in its dedication to maintaining transparency, privacy, and security. The platform strives to deliver a seamless borrowing experience while keeping fees to a minimum and eliminating hidden charges.

Features and Benefits of CashCano Loan App

CashCano’s online platform boasts a variety of features and benefits that set it apart from traditional lenders, making the borrowing process remarkably convenient for customers. Let’s explore some of the key features and benefits in detail:

Convenient Online Application: The entire loan application process with CashCano occurs digitally through its website or mobile app. Borrowers can complete the application process in three straightforward steps: sign up, complete the application form, and upload necessary documents. This online process is not only quick but also paperless, taking less than 10 minutes to complete, eliminating the need to visit physical branches or deal with extensive paperwork.

Quick Approvals: CashCano features an automated approval system that’s capable of approving loans in just minutes. When a borrower submits their application, the platform’s algorithm assesses their profile and makes an instant decision. Upon approval, the borrower will receive the loan agreement on the app and only needs to provide a digital signature to receive the funds. This rapid underwriting process ensures that borrowers can have funds credited to their accounts within a mere 24 hours from the time of application.

Flexible Loan Amounts: CashCano allows borrowers to request loans ranging from ₱2,000 to ₱120,000, providing the freedom to tailor their borrowing to their specific financial needs. Unlike traditional lenders, CashCano does not impose rigid restrictions on loan amounts. Instead, it employs a risk-based pricing model that takes into consideration various factors to determine the loan amount that best suits the borrower’s unique circumstances.

Multiple Loan Terms: In addition to flexible loan amounts, CashCano also offers the flexibility to choose a suitable repayment term that can range from 3 to 12 months. Borrowers can opt for a shorter 3 or 6-month term for smaller loans or select a longer 12-month term for larger loan amounts. This range of options ensures that borrowers can choose a term that aligns with their budget and repayment capacity.

Zero Paperwork: As a fully online lender, CashCano has eliminated the need for physical documents or paperwork. All required documents, such as proof of identity and proof of income, can be conveniently uploaded online through the app. This not only streamlines the application process but also results in a completely paperless experience, saving borrowers from document retrieval and logistical costs.

Fast Disbursal: Once approved, borrowers can expect the disbursement of their loan amount into their bank account within 24 hours. CashCano provides multiple convenient options for receiving funds, including direct bank transfer, e-wallet transfer to GCash or PayMaya, and even over-the-counter cash pickup at payout partners such as Cebuana Lhuillier.

Pre-Approved Offers: CashCano rewards loyal customers who consistently repay their loans on time with pre-approved offers for their next loan. This unique feature allows borrowers to access repeat loans more swiftly without having to undergo the full underwriting process again. With each successful loan repayment, the credit limit incrementally increases, offering larger credit amounts to reliable borrowers.

No Prepayment Penalties: CashCano does not impose any charges for prepaying a loan ahead of schedule. Borrowers have the flexibility to make partial or full payments ahead of schedule without incurring any penalties. This not only enhances financial flexibility but also helps reduce the total interest paid on the loan.

24/7 Accessibility: Borrowers can access their CashCano account around the clock through the mobile app or website. This level of accessibility ensures that borrowers can apply for loans or make repayments at their convenience, regardless of the time of day. Additionally, borrowers can check loan details, view their repayment schedule, check outstanding balances, and perform other actions anytime, ensuring they stay informed and in control of their financial obligations.

Credit Scoring and Reporting: CashCano collaborates with licensed credit bureaus like CIBI and TransUnion to contribute data for building customer credit profiles. Responsible repayment not only ensures a smoother borrowing experience but can also lead to an improved credit score, enhancing future borrowing eligibility.

CashCano Loan App Review: Eligibility Criteria

CashCano maintains straightforward eligibility norms that are easy to meet for most borrowers. Here are the basic requirements to qualify for a CashCano loan:

  • Philippine citizenship
  • Age between 22 to 60 years
  • A valid ID and bank account
  • Proof of income source
  • A good credit history

Meeting these criteria significantly enhances the likelihood of loan approval. What sets CashCano apart from traditional lenders is its use of alternative data sources, such as mobile top-up history and social media footprint, to enable lending to individuals with limited credit history. This approach extends the reach of financial inclusion to those who may not have an extensive credit history.

Loan Amounts Offered

CashCano provides a range of loan amounts, spanning from ₱2,000 to ₱120,000. The maximum loan amount extended depends on the CashCano credit limit assigned to the borrower, which is determined based on factors such as:

  • Income levels
  • Credit score
  • Existing debt obligations
  • Repayment history with previous CashCano loans

For first-time borrowers, the credit limit typically falls within the range of ₱2,000 to ₱10,000. However, for repeat customers with a solid repayment track record, this limit can increase substantially, reaching as high as ₱120,000.

Loan Terms Offered

CashCano offers personalized loan terms tailored to the financial needs and repayment capability of borrowers. Borrowers can select a repayment tenor spanning from 3 to 12 months. The standard term options include 3 months, 6 months, 9 months, and 12 months. Longer 12-month tenors are available for larger loan amounts exceeding ₱50,000. The term chosen directly impacts the monthly EMIs, with longer durations resulting in lower EMI amounts.

Interest Rates and Fees of CashCano Loan App

CashCano adopts a simple flat interest rate structure, with rates starting at a mere 1% per month, which equates to a 12% annualized percentage rate (APR). The actual interest rate applicable to a loan depends on several factors, including:

  • Loan amount
  • Tenor
  • Credit score

Interest is calculated using a reducing balance method applied to the outstanding loan amount. Notably, CashCano maintains transparency in its fee structure, with the primary fee being a one-time processing fee that amounts to 5% of the loan amount or a maximum of ₱600.

Let’s illustrate this with an example:

Suppose a borrower avails a ₱20,000 loan from CashCano with a six-month tenure. The interest rate applicable is 1.2% per month, equivalent to a 14.4% annualized percentage rate (APR). The one-time processing fee is ₱600 (5% of ₱20,000). The total interest payable will be ₱20,000 x 14.4% x 6/12, totaling ₱1,728. The overall payment consists of the principal amount of ₱20,000, the interest of ₱1,728, and the fee of ₱600, resulting in a total of ₱22,328. Consequently, the monthly EMIs will be ₱22,328/6, amounting to ₱3,721.

This example clearly illustrates that CashCano’s flat interest model, coupled with minimal fees, ensures complete transparency in loan costs.

How to Apply for a Loan on CashCano?

Applying for a CashCano loan is a seamless process that takes less than 10 minutes, involving three straightforward steps:

  • Step 1: Download the CashCano App and Sign Up Begin by downloading the CashCano app and creating an account. This initial step requires entering basic personal and contact details.
  • Step 2: Complete the Online Application The subsequent step involves filling out the online application form, where borrowers provide employment, income, and identity details.
  • Step 3: Upload Documents Finally, borrowers are required to upload soft copies of necessary documents, including ID proof, income proof, and a recent selfie for verification.

Once these steps are completed, CashCano initiates credit checks and assesses the borrower’s profile to make an instant decision. If approved, borrowers can digitally sign the agreement and gain access to funds within 24 hours. The minimal documentation requirements and lack of a need for physical presence contribute to the convenience of availing a loan through CashCano’s app.

CashCano Loan App Customer Reviews

With a customer base exceeding 300,000 individuals, CashCano enjoys overwhelmingly positive feedback and 5-star ratings on prominent platforms like TrustPilot and the Google Play Store. Here are a few testimonials from CashCano customers:

Marianne C. ★★★★★ “CashCano has truly helped me manage my expenses during emergencies. The online process is fast and convenient, with low interest rates and a flexible repayment period that makes borrowing easy. I consistently repay on time, which has increased my loan limit. Overall, great service!”
John T. ★★★★★ “I lost my job last month and had to take a CashCano loan to cover my bills. The approval was instant, and requirements were minimal. The repayment structure is tailored to my income flow, and I’m satisfied with their reasonable rates compared to other lenders. I would recommend CashCano for quick cash loans.”
John S. ★★★★☆ “I had a positive first experience with CashCano but would prefer more transparency regarding eligibility criteria. I got rejected the second time despite having a good credit score, and approval seems subjective at times. Nevertheless, the loan amount I received significantly helped fund my sister’s education, and I appreciate their services.”

These reviews offer insight into the experiences of most CashCano customers, emphasizing the major benefits of quick approval, reasonable rates, professional service, and flexibility.

How to Pay a CashCano Loan?

CashCano provides borrowers with exceptional flexibility and convenience when it comes to loan repayments. Borrowers can select from multiple online and offline repayment modes, including:

  • Bank Transfer: Facilitated through Instapay or Pesonet, enabling direct transfers to CashCano’s bank account.
  • Over the Counter: Borrowers have the option to make cash repayments at any Bayad Center, Cebuana Lhuillier, or M Lhuillier branch nationwide.
  • Online Banking: Leveraging internet banking through institutions like BDO or BPI for convenient repayments.
  • E-Wallets: Offering instant repayments via platforms such as GCash, PayMaya, and GrabPay.
  • Credit/Debit Card: Accepting Visa, MasterCard, and JCB cards for added convenience.

CashCano has also established partnerships with retail chains, including 7/11, Robinson’s Supermarket, and SM, to facilitate over-the-counter repayments. Borrowers have the freedom to choose between repaying the entire EMI amount on the due date or making partial prepayments. Importantly, there are no hidden charges or penalties for early repayments, allowing borrowers to manage their loan conveniently.

How Does CashCano Manage Security?

CashCano prioritizes the highest standards of security and data privacy, implementing industry-leading protocols to safeguard customer information and prevent fraud. Some key security measures in place include:

  • End-to-End Encryption: CashCano employs 256-bit SSL encryption for all data, ensuring data transmitted is secure and confidential.
  • Offshore Data Storage: Sensitive data is stored on servers located in Singapore, offering an additional layer of security.
  • Two-Factor Authentication: An added layer of security for account logins, enhancing the protection of customer accounts.
  • NPCI-Certified Platform: The platform adheres to bank-grade security standards.
  • Automated Threat Monitoring: CashCano maintains 24/7 monitoring systems to identify and respond to potential threats.
  • Internal Data Access Controls: Rigorous internal controls limit access to sensitive customer data.
  • Partnerships with Fraud Check Companies: CashCano collaborates with SEC-certified fraud check companies to bolster security measures.

CashCano’s commitment to security is further validated through certifications, including ISO 27001, SOC 2 Type 2, and PCI-DSS Level 1, underscoring its defense-grade cybersecurity standards.

CashCano Customer Support

CashCano provides extensive customer support services, ensuring that borrowers have access to assistance when needed. These support channels include:

  • Call Support: Borrowers can reach out for assistance by calling +63 2 8658 1738.
  • In-App Chat Support: The platform offers in-app chat support accessible through both the website and the app.
  • Email Support: Queries and concerns can be addressed via email at [email protected].
  • Social Media: CashCano maintains a presence on social media platforms like Facebook and Instagram.

The customer support team is well-trained to address loan-related queries and promptly resolve any grievances. Additionally, borrowers can visit the FAQ section on the CashCano website ( to find answers to commonly asked questions. CashCano also sends regular reminders and notifications regarding EMI payments and loan information via email and SMS, ensuring that borrowers remain informed and updated on their financial obligations.

Conclusion: Is CashCano Legit?

CashCano has rapidly ascended to become the top choice for Filipinos seeking instant online loans. The platform excels in various dimensions, including convenience, speed, service quality, transparency, and security. With an end-to-end digital process, swift approvals, flexible terms, and competitive rates, CashCano emerges as a robust solution for those facing financial challenges or unexpected emergencies. It offers seamless access to credit within minutes, which proves invaluable for salaried individuals encountering month-end cash crunches or unforeseen financial crises. Moreover, by considering alternative data sources, CashCano remains one of the most inclusive lenders, providing better approval odds for individuals with limited credit history.

In conclusion, CashCano garners a rating of 4.8/5 in our review, primarily due to its outstanding in-app borrowing experience. We highly recommend using CashCano for your urgent borrowing needs, as it delivers a hassle-free, expedited, and transparent loan experience.

Disclaimer: Please exercise caution when considering any financial service. Always read the terms and conditions, evaluate your financial situation, and only borrow what you can responsibly repay. While CashCano has received positive reviews, individual experiences may vary, and it’s essential to make informed decisions about your financial well-being.

5/5 - (8 votes)

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