Cashalo Loan Review: Empowering Financial Inclusion through Online Loans


Cashalo is a leading loan platform in the Philippines that is dedicated to providing financial inclusion services to individuals in need of quick and convenient access to cash. Through their user-friendly online platform, Cashalo offers a hassle-free and no-collateral cash-lending service.

In this comprehensive review, CashLoanPH will explore the features, interest rates, requirements, rules of registration, and loan repayment methods provided by Cashalo. Additionally, we will provide detailed instructions on how to apply for a microloan on their official website,

About Cashalo Loan

Cashalo, registered under Paloo Financing, Inc. by the SEC in 2018, is headquartered in Bonifacio Global City, Metro Manila. The company launched its mobile app on October 23, 2018, and quickly gained popularity due to its short 15-minute application process. Cashalo’s commitment to financial inclusion is evident through the introduction of Cashacart in January 2019, a service tailored for individuals without access to a bank card. Cashacart offers digital loans ranging from ₱500 to ₱10,000, catering to the “offline-to-online” consumer basket finance.

Pros and Cons of Cashalo Loan

Cashalo’s product and service offerings are aligned with their mission of driving economic growth in the Philippines. However, it is essential to weigh the benefits and drawbacks associated with the company before becoming a part of their lending community.


  • Simple and Quick Loan Application Process: Cashalo ensures a seamless and straightforward application process, allowing borrowers to conveniently apply for loans without unnecessary complications.
  • Zero-Interest Installments for Lazada Loan Users: Cashalo provides an attractive incentive for Lazada loan users by offering zero-interest installment payment options, making it easier for individuals to manage their finances.
  • User-Friendly Mobile App: Cashalo’s mobile app is designed with simplicity and ease of use in mind. By following the provided instructions, borrowers can have their loans approved in as little as one day, ensuring speedy access to much-needed funds.


  • Persistent Payment Reminders: Some Cashalo customers have expressed discontent with receiving frequent phone calls for loan repayments, even when payments are made on time. This issue has led to frustration among borrowers who feel overwhelmed by the constant reminders.
  • Credit Downgrading without Explanation: Cashalo retains the right to reject or downgrade credit offerings for subsequent loans without providing any explanation. This lack of transparency can lead to uncertainty and dissatisfaction among borrowers.

Cashalo Loan Conditions

Cashalo offers various loan products with specific conditions to cater to the diverse needs of borrowers. The first cash loan provided by Cashalo can range from ₱500 to ₱1,500, with a maximum repayment term of 45 days and a monthly interest rate of 10%. To avail this digital credit, borrowers only need to present a valid government-issued ID.

Another notable product offered by Cashalo is the Lazada loan, which allows borrowers to access a maximum loan amount of ₱4,500. The Lazada loan comes with a 5% processing fee and a repayment period of up to 90 days. Lazada loan users are also charged a 5% processing cost. Once the loan is approved, the funds are transferred to the borrower’s Lazada wallet within 1-3 days.

Cashalo further entices Lazada loan users with their PayLater program. This flexible credit line enables borrowers to make purchases for their daily needs with zero-interest installments. The PayLater program can be utilized at the Cashalo e-store or partnered offline merchants, providing additional financial access and a higher digital credit limit of ₱2,000. Cashalo PayLater features a monthly interest rate of 4.5%, with 0% interest if the loan is paid on or before the due date or within 30 days from the start of the billing cycle. A processing fee of 4% is applicable, and changes in credit limits may occur after a month or every billing cycle.

It is important to note that borrowers can only utilize one Cashalo product at a time. To be eligible for the PayLater program, borrowers must not have any existing debt with the company. Cashalo accepts loan applications from individuals above the age of 18 who are either employed or have a stable source of income.

Funding a Loan at Cashalo

The process of applying for a loan at Cashalo is straightforward and convenient. Borrowers need to download the Cashalo app and complete the registration process by submitting the necessary requirements. Once the documents are verified and approved, the loan amount will be digitally deposited into the borrower’s designated bank account. The notification regarding loan approval or rejection is typically received within 20 minutes of submitting the application. Upon approval, borrowers can expect the cash to be disbursed within 24 hours. Repaying the loan is equally convenient, as borrowers can make recurring payments using the mobile app, saving them time and effort.

Frequently Asked Questions (FAQ) about Cashalo Loan

Who owns the company?

Cashalo is a mobile-first lender that was established through a strategic partnership between JG Summit Subsidiary Express Holdings Inc. and Oriente, two trusted entities in the financial industry.

How do you qualify for Cashalo?

To access the Cashalo platform, borrowers need to provide personal information, including a valid government-issued ID and proof of billing address. Additionally, employment information, such as a valid work ID and the latest payslip, is required. Bank account information is also necessary for loan processing.

How much can you borrow from the Cashalo platform?

Cashalo offers loan amounts ranging from ₱500 to ₱10,000, allowing borrowers to choose the amount that best suits their financial needs.

Is Cashalo a legitimate company?

Yes, Cashalo is a registered firm listed on the SEC website under Paloo Financing Inc. This ensures its lawful operation in the Philippines. Cashalo has successfully undergone supervisory authority inspections and has established itself as a trusted loan provider. Their authorization to offer zero-interest installments further solidifies their credibility.


Cashalo serves as a reliable and accessible online loan company in the Philippines, catering to individuals seeking quick financial solutions without collateral requirements. With their user-friendly mobile app and streamlined application process, Cashalo provides convenience and efficiency to borrowers.

However, it is important for potential borrowers to be aware of certain drawbacks, such as persistent payment reminders and the company’s right to reject or downgrade credit offerings. By considering the loan conditions and following the detailed instructions provided on, individuals can make informed decisions when applying for microloans through Cashalo, empowering themselves with financial inclusion and stability.

5/5 - (9 votes)
CashLoanPH Changed status to publish 23/06/2023