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Cashalo
Cashalo is an SEC-registered digital lending platform that provides short-term cash loans from PHP 2,000 to PHP 10,000, with an initial cycle of up to 30 days and a monthly interest rate starting at 3.49%. The app is available for download on Android and iOS and uses an automated credit assessment to approve or decline applications within minutes. Cashalo is operated by Paymaya Philippines, Inc.'s lending arm and is widely used for emergency cash needs.
Conditions summary
| Loan amount | ₱2,000 – ₱10,000 |
|---|---|
| Interest rate (p.a.) | 3.49 % – 5.00 % |
| Repayment term | 1 – 3 months |
| Approval | 15 minutes to 1 hour |
| Type | Online |
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