Cashalo is a quick way to solve financial problems. The financial organization issues loans without references and with the right to choose the term of the loan. In the Philippines, the company is included in the rating of the best microcredit firms.
Rates: 4,95% per month
Minimum loan amount: 2 000 PHP
Maximum loan amount: 10 000 PHP
Payment terms: From 15 days to 3 months
Approval time: 1 hour
The history of the company begins in May 2018. Its CEO is Hamilton Angluben. Cashalo gives an opportunity to every Filipino to provide a decent standard of living. Cashalo is not just a financial institution, but a whole mobile application designed specifically for the citizens of the Philippines based on their needs, average salary and financial opportunities.
The founders of Cashalo claim that this name was not chosen by chance. Cashalo translates as a partner. This suggests that the application will be the very "magic wand" when money is urgently needed. In such a situation, it is enough to ask for help from a reliable and proven "pocket partner".
The company's mission is to provide Filipinos with quick and secure access to loans 24 hours a day, which will give them full financial freedom. The application has been already downloaded by over 3 million users. This demand is due to the lack of banking services and access to the credit bureau for the majority of citizens of this country. The company creates opportunities that can improve the situation in the Philippines.
In its work, Cashalo prefers artificial intelligence. This significantly saves time on checking data on a borrower who previously received a loan.
Only citizens over 18 years can use Cashalo's services. In this case, the borrower must be employed or have a permanent income.
Getting a loan is pretty easy. It's enough to follow a simple algorithm:
Cashalo has the following advantages:
Cashalo regularly holds generous promotions that allow the borrower to fully use all the privileges of the company. For example, the PROMO MECHANICS promotion allows registered users to receive a cash reward for each friend you bring. The main condition - he must draw up a loan.
The company uses innovative technologies in its work. To get a loan you don't need to collect numerous papers and references. Specialists process applications in real time, which allows you to make decisions within 30 minutes. Bad credit history in this case is not a reason for refusal, which is important for most Filipinos.
Customer security is at a decent level. All information specified by them is strictly confidential, and is in a lack of access. Under no circumstances is the data on the borrower shared with third parties.
You can make payments through Cashalo partner services:
Debt payment is also provided directly through the mobile application using "Robinsons Online Banking" or "Dragonpay". Please note that a transfer fee may be charged. When transferring money through Robinsons, it will be 12 Philippine pesos (14.83 rubles). With the financial instrument ECPAY, the amount of the commission will be equal to 15 Philippine pesos (18.54 rubles).
Payments should be made within a strict time frame. Failure to comply with this clause may entail negative consequences in the form of penalties, and further refusals to issue urgent loans. For this reason, assess your abilities when choosing a loan period. Cashalo offers the borrower a loan repayment period from 15 days to 6 months.
|Min. financing amount||₱2000|
|Max. financing amount||Up to ₱10000|
|Min. loan tenure||0.5 months|
|Max. loan tenure||6 months|
|Interest rate||4.95% - 4.95%|
|Approval duration||Up to 24 hours|
|TERM||0.5 months||1.5 months||2.5 months||3.5 months||6 months|
|One time setup|
|Processing fee||PHP 200|
|Disbursement & misc. fee||N/A|
|Early settlement||no information|
|Late payment charges||no information|
|Other penalties||no information|
|Age requirement||from 18 years old|
|Employment eligibility||National ID card, payment sheet, company ID, bank account details.|
|Min. salary requirement||₱10000 gross per month|
|Guarantor / Collateral requirement||No|
|Need to open linked banked account?||Yes|
|Full company name||ORIENTE EXPRESS TECHSYSTEM CORPORATION|
|Phone number||(02) 808-8388|
Cashalo is a reliable source of financial products to help people meet daily financial needs particularly for those unable to access mainstream borrowing products. Cashalo offers applicants the chance to choose the amount of money to borrow driven and guided by transparency and flexibility principle