Cashalo Loan Application: How to Get This Online Loan for Your Cash Needs

Jay Pagkatotohan

Jay Pagkatotohan

Last updated March 22, 2023

These days, you have a lot of options if you need quick cash. You're no longer confined to pawnshops or even the kindness of your relatives or friends. A lot of lenders are available via mobile apps, which means you can get financing with just a few taps on your smartphone. 

Cashalo is one of the leading lending apps in the Philippines today. This company offers loan products that help financially distressed Filipinos tide their families over during emergencies or finance other necessities.

Planning to use Cashalo? Here’s everything you need to know about the Cashalo loan app. 

What is Cashalo?

cashalo loan application - what is cashalo

Cashalo is a fintech platform in the Philippines that offers digital credit to cash-strapped individuals. Borrowers can access Cashalo’s financing products via a mobile app, which is available on Google Play,[1] Huawei AppGallery,[2] and the App Store.[3] 

The company’s name is a combination of two words: “cash” and “kasalo.” Thus, Cashalo means having a partner for your finances.

Is Cashalo legit? Yes. All Cashalo online loans are financed by Palo Financing, Inc., with SEC Registration No. CSC201800209 and Certificate of Authority No. 1162. 

What is a Cashalo Loan?

A Cashalo loan generally refers to the company’s financing products, namely Cash Loan, Lazada Loan, and Buy Now, Pay Later. You can use these loan products for the following: 

  • School fees
  • Groceries
  • Gadgets or appliances 
  • Online purchases
  • Business
  • Emergencies 


Why Should I Apply for a Cashalo Loan? 

The following reasons may convince you to initiate your Cashalo loan application: 

✔️ Easy Application

The Cashalo loan application process is very straightforward. Just download the Cashalo app, supply the necessary information, and wait for the approval. Everything takes place in the app, meaning you don’t have to leave home and spend time queueing at the lending center.  

✔️ Quick Disbursement of Loan Proceeds  

Unlike other lenders whose approval takes a week or so, Cashalo loan disbursement takes just one to three days. You get the money as soon as you need it. The loan proceeds can be credited to your choice of bank or mobile wallet, such as GCash and Maya. 

✔️ Trusted by Millions of Users 

If you’re still asking, “Is Cashalo legit?” its number of users should give you an idea of how many people trust the platform. Cashalo claims that it currently has more than four million users. 

✔️ No Collateral Required  

You don’t have to sacrifice any of your precious assets just to qualify for a loan. All you need to do is fill out an application form.

What Kinds of Loan Can I Get from Cashalo?

Before you proceed with the Cashalo loan application process, it’s important to know the differences among the lender’s financing products. 

👉 Cash Loan 

cashalo loan application - cash loan

  • Loan amount: ₱1,000 to ₱7,000
  • Interest rate: Starts at 3.95%

Cashalo’s Cash Loan is a short-term personal loan, usually lent in smaller amounts starting from ₱1,000. You can use this loan to get groceries, pay bills, or cover minor home repairs. You can also use it to boost your “wants” fund. 

The Cashalo maximum loan amount is ₱7,000. Clients can borrow this amount only if they prove that they’re responsible borrowers. 

👉 Lazada Loan 

cashalo loan application - lazada loan

Loan amount: Up to ₱5,000

Lazada Loan is a financing product offered to Lazada users. With this loan, you can load up your Lazada Wallet with up to ₱5,000. You can use the loan proceeds to buy anything from Lazada only.  

You don’t have to make a down payment in order to get this loan. Just keep in mind that you may not be able to apply for a Lazada Loan if you have an existing cash loan. You also have to activate your Lazada Wallet to make sure that the loan proceeds will be successfully credited to you.

👉 Buy Now, Pay Later 

cashalo loan application - buy now pay later

Interest rate: As low as 0% at select partner merchants

Love shopping? The Cashalo loan app’s Buy Now, Pay Later scheme lets you shop in installments at more than 1,000 partner stores or major online stores. You may also be able to save since some partner merchants don’t charge any interest. 

Partner stores include the following: 

  • The SM Store
  • Robinsons Department Store
  • Robinsons Appliances
  • Memoxpress
  • FC Home Center
  • Spyder
  • Home Along
  • Vans 
  • Fila 
  • BNY 
  • Puma 

Apply for a personal loan through Moneymax

What are the Cashalo Loan Payment Terms? 

The payment terms will depend on the type of Cashalo loan you apply for. But generally, you can choose from terms of up to 90 days. 

Who Can Apply for a Cashalo Loan? 

Cashalo loan application is open to Filipinos who satisfy the following Cashalo loan requirements:

  • 21 years old and above
  • Employed or with a steady income  
  • Must have a valid government ID

How to Apply for a Cashalo Loan Online

cashalo loan application - how to apply

The Cashalo loan application process is easy and straightforward. You can even complete it in less than 15 minutes. Here’s how to apply for a loan in Cashalo online: 

👉 Cashalo Cash Loan Application Process

  1. Download the Cashalo loan app. Skip this if you already have the app. 
  2. Register with your mobile number. If you already have an account, just log in with your number. 
  3. Tap Apply Now under Cash Loan. 
  4. Create your profile.
  5. Select your desired loan amount and payment terms.
  6. Select a cash-out option. 
  7. Submit your application and wait for the loan approval.

👉 Cashalo's Lazada Loan Application Process

  1. Download the Cashalo loan app. Skip this if you already have the app. 
  2. Register with your mobile number. See to it that this number is the same as the mobile number enrolled in your Lazada account. If you already have an account, just log in with your number. 
  3. Choose Lazada Loan. Complete your application by providing the required information. 
  4. Select your desired loan amount and terms. 
  5. Submit your application. Once approved, the loan proceeds will be credited to your Lazada wallet in one to three days. 

👉 Cashalo's Buy Now, Pay Later Application Process

  1. Download the Cashalo loan app. Skip this if you already have the app. 
  2. Register with your mobile number. 
  3. Select a merchant and your desired item. 
  4. Provide the required information and select the loan term. 
  5. Submit your application and wait for the approval and order confirmation. 
  6. Receive your item. 

How to Repay a Cashalo Loan

While you can pay your loan via the Cashalo Website Pay My Loan page, you can also use the following channels to settle your dues. 

💸 Over-the-Counter Channels

  • ECPay
  • TouchPay
  • 7-Eleven
  • SM Business Centers
  • Bayad Center
  • Robinsons Bank Bills Payment
  • Robinsons Business Center
  • Digipay
  • DA5 (authorized agent of Western Union) 

💸 Remittance and Payment Centers (via Dragonpay)

  • LBC
  • Cebuana Lhuillier Bills Payment

💸 Online

  • GCash 
  • Maya
  • ShopeePay
  • Robinsons Bills Payment (online banking) 


Read more: 

Final Thoughts 

If you’re currently cash-strapped, the good news is there are many lending apps that you can turn to. Cashalo is one of them. 

The Cashalo loan application process is easy, and the crediting of the proceeds is fast. But don’t let this convenience be an excuse to rely too much on this app. Use it only when you really need to—you don’t want to have to deal with unpaid online loans

Meanwhile, check out more legit loan providers below. Compare your options and apply through Moneymax!

Personal Loan Provider Minimum Loan Amount Maximum Loan Amount Minimum Annual Income Approval Time


Compare Now

₱20,000 ₱1 million ₱350,000 7 days

Compare Now
20,000  ₱2 million 300,000 5 to 7 banking days


Compare Now

10,000  ₱150,000 120,000 As fast as 24 hours

Compare Now
50,000 ₱1 million 300,000 Apply online in just a few clicks

Compare Now
50,000 ₱1 million 360,000 5 to 7 banking days
SB Finance

Compare Now
₱30,000 ₱2 million ₱180,000 5 banking days

Compare Now
30,000 ₱1 million 180,000 24 hours

Compare Now
30,000 ₱500,000 or 3x gross monthly salary, whichever is lower 168,000 5 to 7 banking days

Compare Now
₱20,000  ₱1 million 180,000 3 to 5 banking days


Jay is a marketing communications professional who specializes in short-form and long-form content. He has written ads for TV, radio, print, and digital. He has also produced corporate blogs, magazine features, white papers, product listings, reviews, and press releases for clients here and abroad. When he’s not writing, Jay plays the piano or takes pictures for his visual diary. Follow Jay on LinkedIn.


Use a personal loan to consolidate your outstanding debt at a lower interest rate!

Get the latest articles, promos, and deals straight to your inbox. Make us your weekly habit!