Cashalo Loan Review 2024 – Simplifying the Online Loan Application Process


Cashalo PH is a renowned loan platform in the Philippines that offers a hassle-free, collateral-free online cash-lending service. As a financial inclusion service provider, Cashalo aims to empower its users by providing convenient access to loans.

In this review, CashLoanPH will delve into the various aspects of Cashalo, including its features, interest rates, requirements, rules of registration, and contract. Additionally, we will explore the repayment methods for online loans and provide detailed instructions on how to apply for a microloan on the Cashalo website,

About Cashalo PH

Cashalo, a subsidiary of Paloo Financing, Inc., was registered with the Securities and Exchange Commission (SEC) in 2018. Located in Bonifacio Global City, Metro Manila, Cashalo launched its mobile app on October 23, 2018. The company has quickly gained popularity among loan applicants due to its streamlined 15-minute application process, which has set it apart from traditional lending institutions. In January 2019, Cashalo introduced Cashacart, a service catering to clients without access to a bank card. This innovative offering facilitates digital loans ranging from ₱500 to ₱10,000, catering to the “offline-to-online” consumer basket finance segment.

Pros and Cons


Cashalo’s product and service offerings align with its mission of fostering economic growth in the Philippines. The company boasts a large community of Lazada loan users, showcasing its ability to cater to a wide range of customers. Some notable advantages of associating with Cashalo include:

  • Simplified and expedited loan application process: Cashalo has made it remarkably easy for users to apply for loans through its user-friendly mobile app. With just a few simple steps, applicants can complete the entire application process within 15 minutes, significantly reducing the time and effort required compared to traditional lenders.
  • Zero-interest installment payments for Lazada loan users: Cashalo offers an enticing benefit to Lazada loan users by providing zero-interest installment payments. This feature allows users to conveniently make their repayments without incurring additional interest charges, making it a cost-effective option for those seeking flexible repayment terms.
  • User-friendly Cashalo mobile app: The Cashalo mobile app is designed with simplicity and ease of use in mind. By following the provided instructions, users can navigate the app effortlessly and complete the loan application process with minimal confusion or complications.
  • Quick loan approval: Thanks to Cashalo’s efficient systems and processes, eligible applicants can expect to receive loan approval in as little as a day. This swift turnaround time ensures that users can access the funds they need promptly, making Cashalo an ideal choice for those facing urgent financial requirements.


Despite its merits, Cashalo has received criticism from some customers. It is important to consider the following drawbacks before opting for Cashalo’s services:

  • Dissatisfaction among certain customers due to persistent phone calls for payment, even when payments are made on time, coupled with high-interest rates as penalties: While Cashalo strives to maintain effective communication with its customers, some users have expressed frustration with the frequency of payment reminders. Additionally, some customers have reported being penalized with high-interest rates, despite making timely repayments. It is important to be aware of these potential issues and consider them before engaging with Cashalo.
  • Credit offering rejection or downgrade without explanation: Cashalo retains the right to reject or downgrade credit offerings for subsequent loans without providing any explanation to the customer. This lack of transparency may leave some users dissatisfied or uncertain about their loan eligibility and terms for future applications.

Loan Conditions

Cashalo provides various loan options to cater to different financial needs. Understanding the loan conditions is crucial for potential borrowers. Here are the key details:

The first cash loan from this fintech company can range from ₱1,500 with a maximum term of 45 days, carrying an interest rate of 10% per month. To avail this digital credit, only one valid ID is required. This loan option is suitable for individuals in need of a short-term financial solution.

The Lazada loan, another Cashalo product, offers a maximum loan amount of ₱4,500, with a 5% processing fee for a tenure of up to 90 days. Lazada loan users incur an additional 5% processing cost. Once approved, the funds are transferred to the user’s Lazada wallet within 1-3 days. This loan option is ideal for Lazada customers looking for a quick and convenient financing solution.

Cashalo also introduces the PayLater program, designed to incentivize Lazada loan users. This flexible credit line allows users to make zero-interest installment purchases for their daily needs. The credit line can be utilized on the Cashalo e-store or partnered offline merchants, granting access to partner merchants and offering a higher digital credit limit of ₱2,000. The PayLater program 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 monthly or every billing cycle. The PayLater program provides users with the convenience of making purchases while enjoying flexible payment options.

It is essential to note that users can only avail one Cashalo product at a time. To be eligible for the PayLater program, applicants must not have any existing debt with Cashalo. Cashalo accepts loan applications from individuals aged 18 and above, with a stable source of income. The loan amounts can range from ₱500 to ₱10,000, providing borrowers with various options to suit their specific financial requirements.

Funding a Loan

To register for a loan with Cashalo, applicants need to download the Cashalo app from their respective app stores and complete the sign-up process by providing all the necessary documents and information. After successful verification and approval, the funds will be digitally deposited into the borrower’s designated account. Within 20 minutes of submitting the required information, applicants will receive intimation regarding loan approval or rejection. Upon approval, the cash is disbursed in less than 24 hours, ensuring quick access to the funds.

Repaying the loan is as simple as taking out a loan. Cashalo offers a convenient mobile app that allows users to make recurring payments easily. By utilizing the app’s features, borrowers can save valuable time by making payments directly through their mobile devices, eliminating the need for manual transactions or visits to physical branches.

Frequently Asked Questions (FAQ) – Cashalo

Who owns the company?

Cashalo is a mobile-first lender that emerged from a strategic partnership between JG Summit Subsidiary Express Holdings Inc. and Oriente. This partnership brings together expertise in finance, technology, and customer service, enabling Cashalo to provide innovative and efficient lending services.

How do you qualify for Cashalo?

To access the platform, potential borrowers need to provide the following information during the registration process:

  • Personal details: A valid government-issued ID and proof of billing address.
  • Employment information: A valid work ID and the latest payslip to demonstrate a stable source of income.
  • Bank account information: This is necessary for the digital disbursement of funds.

By meeting these requirements, applicants can establish their eligibility and proceed with the loan application process.

What is the maximum loanamount on the Cashalo platform?

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

The flexibility in loan amounts ensures that Cashalo can cater to a wide range of customers, from those in need of smaller loans for immediate expenses to individuals requiring larger amounts for significant financial obligations.

Is Cashalo a legitimate company?

Yes, Cashalo is a registered firm on the SEC website under Paloo Financing Inc. This verifies its legal operations within the Philippines. Cashalo has successfully undergone regulatory inspections and is recognized as a trusted loan provider.

The company’s compliance with regulatory requirements ensures that borrowers can have confidence in its legitimacy and trustworthiness. Furthermore, Cashalo’s authorization to offer zero-interest installments is another testament to its credibility and reliability as a lending institution.


Cashalo is a reputable loan platform that provides Filipinos with a convenient and efficient way to access financial assistance. With its user-friendly mobile app, simplified application process, and various loan options, Cashalo offers a viable solution for those in need of quick funds. The advantages of Cashalo include its simplified loan application process, zero-interest installment payments for Lazada loan users, and quick loan approval.

However, it is important to consider both the advantages and disadvantages before making a decision. By adhering to the provided instructions, individuals can apply for microloans on the Cashalo website with ease. Cashalo’s legitimacy and compliance with regulatory requirements provide borrowers with assurance and peace of mind. Whether you require a short-term loan or financing for Lazada purchases, Cashalo presents a reliable option for individuals seeking financial assistance in the Philippines.


Select online loans that come with the best terms and conditions, ensuring a card without any rejections. Numerous companies provide an initial loan at 0% interest and ensure swift money transfers, making them perfect for urgent financial needs.

Lender Loan Product Detail


Popular - 0% first loan


  • First Loan Range (PHP): 1000 - 10000
  • Maximum Loan Amount (PHP): 25000
  • Loan Period (days): 62 - 365


Fast Approve - 0% first loan


  • First Loan Range (PHP): 500 - 20000
  • Maximum Loan Amount (PHP): 20000
  • Loan Period (days): 62 - 365

OLP Loan

Hot Offer - 0% first loan


  • First Loan Range (PHP): 1000 - 7000
  • Maximum Loan Amount (PHP): 20000
  • Loan Period (days): 62 - 365

Finbro PH

Hot - 0% first loan


  • First Loan Range (PHP): 1000 - 15000
  • Maximum Loan Amount (PHP): 50000
  • Loan Period (days): 62 - 365


Express Loan - 0% first loan


  • First Loan Range (PHP): 1000 - 10000
  • Maximum Loan Amount (PHP): 20000
  • Loan Period (days): 62 - 365


New - 0% first loan


  • First Loan Range (PHP): 1000 - 10000
  • Maximum Loan Amount (PHP): 25000
  • Loan Period (days): 62 - 365

Note: Please note that the information provided is subject to change.

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CashLoanPH Changed status to publish 07/07/2023