The applicant must provide personal and work documents: government-issued ID, proof of billing, work ID, latest payslip, bank account information.
How does the borrower get the money?
While application process, borrower specifies bank account information. The funds will come to that account.
What is the interest rate, is it high?
The interest rate is very low, compared with other lending companies. Monthly interest equals just 6,95%. Thus, amortization is small.
Who can use Cashalo?
All Filipinos above 18 years old of any profession with a stable income can become clients of Cashalo.
Cashalo is a smart way of borrowing money. When half of life is going on online, it’s time to use this opportunity for making unpleasant processes easier and quicker. Borrowing money was an uncomfortable routine before Cashalo. Now, you can download Cashalo App from the AppStore or Google Play and enjoy the advantages of online lending.
Facts and benefits of Cashalo
Application is available for Android and IPhone
Download of the app is free and quick
Application process takes about 5 minutes
Available loans from P1000 to P10000
Terms of loans – 15-45 days
High technological assessment of the application form allows quick money disbursement. From one hour cash loan to 24 hours.
Affordable interest rates compared with other lenders 0,3316% per day
Client’s information is safely stored and is never disclosed to third parties
Transparent lending routine guarantees no hidden penalties, no hidden fees and no rollovers
Loan amount increase with successful repayment of previous personal loans
What does pre-approval in Cashalo mean?
In Cashalo, the client can create his profile and learn his maximum approved amount of a future loan. The customer receives the result of his quick cash loan application via SMS during 24 hours. The pre-approved loan is valid during 90 days.
What happens in case of repayment delay?
Late payment fees can be applied in case of repayment failure. It is recommended to be on time or even a little ahead of repayment schedule.