Cashalo Loan App Review 2025: Legitimacy, Features, and User Experience

The rise of digital lending platforms in the Philippines has transformed how individuals access financial assistance. Among the most recognized fintech solutions is Cashalo, a mobile-based lending app offering fast and accessible credit options. If you’re considering applying for a loan with Cashalo, it’s essential to understand its legitimacy, services, interest rates, and overall user experience. This in-depth review provides a detailed analysis of Cashalo’s operations in 2025, ensuring you make an informed decision before borrowing.

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Is Cashalo Legal in the Philippines?

Yes, Cashalo is a legally operating online lending platform in the Philippines. It is owned and managed by Paloo Financing Inc., which is registered with the Securities and Exchange Commission (SEC) under Registration No. CSC201800209 and holds a Certificate of Authority No. 1162. These credentials confirm that Cashalo complies with regulatory standards for lending companies in the country.

Additionally, Cashalo adheres to the Lending Company Regulation Act of 2007 (Republic Act No. 9474) and follows strict data privacy regulations. Unlike many unauthorized lending apps that have been flagged for unethical practices, Cashalo has not been implicated in data privacy complaints filed with the National Privacy Commission (NPC), further reinforcing its legitimacy.

Cashalo Overview

Launched in 2017, Cashalo is a financial technology (fintech) platform designed to provide digital credit solutions to Filipinos. Its mission is to promote financial inclusion, especially among the underbanked population, by offering accessible loan products through a user-friendly mobile application.

Cashalo offers a range of loan services, including personal loans, Lazada loans, and a “Buy Now, Pay Later” (BNPL) option, catering to different financial needs.

Key Features and Services

1. Personal Loans
   • Loan Amount: ₱1,000 – ₱7,000
   • Repayment Term: Up to 90 days
   • Application: Fully digital process with fast approval and quick disbursement
2. Lazada Loans
   • Borrow up to ₱5,000 for purchasing items on Lazada
   • Pay in installments over a set period
3. Buy Now, Pay Later (BNPL)
   • Shop from partner merchants and defer payments in manageable installments
   • Often comes with low or zero interest rates, making it an attractive financing option
4. User-Friendly Mobile Application
   • Available for both Android and iOS
   • Allows users to apply for loans, track transactions, and manage their accounts seamlessly

Interest Rates and Fees

Cashalo promotes transparent lending practices with no hidden fees.

• Interest Rate: Starts at 3.95% per month
• Late Payment Penalties: Charges may apply if payments are missed
• Processing Fees: Minimal and disclosed upfront before loan approval

This transparency ensures that borrowers clearly understand their financial obligations before taking out a loan.

How to Apply for a Loan on Cashalo

Applying for a loan through Cashalo is quick and easy. Follow these steps:

1. Download the App
   • Available on Google Play Store (Android) and Apple App Store (iOS)
2. Register an Account
   • Sign up with your mobile number
   • Provide basic personal information
3. Complete Your Profile
   • Fill in details such as employment information and bank account/mobile wallet details for verification
4. Select Loan Type
   • Choose from personal loans, Lazada loans, or BNPL options
5. Submit Application
   • Wait for approval (typically within a few hours to one day)
6. Receive Funds
   • Disbursement takes one to three days
   • Funds are credited to your bank account, GCash, or PayMaya wallet

User Reviews and Ratings

As of 2025, Cashalo has gained a strong user base of over 4 million Filipinos. The app maintains a 4.2-star rating on Google Play, with many borrowers praising:

✔ Fast disbursement – Funds are released within minutes to a few hours upon approval
✔ Easy application process – Simple and straightforward with minimal documentation required
✔ Transparent fees – No hidden charges, ensuring clarity in repayment terms

However, some users have raised concerns about:

❌ Loan amount limitations – Maximum loan amounts may not be sufficient for individuals needing higher amounts
❌ Application inaccuracies – Occasional system glitches affecting loan approval and reapplications

Despite these minor drawbacks, Cashalo remains one of the most trusted online lending platforms in the Philippines.

Regulatory Compliance and Data Privacy

Cashalo takes data security and compliance seriously. The company follows:

🔹 SEC Regulations – Fully registered and licensed, ensuring legal operations
🔹 Data Privacy Laws – Implements strict security measures to protect user information
🔹 Responsible Lending Practices – Adheres to ethical lending standards, preventing abusive collection practices

Unlike some questionable loan apps, Cashalo has not been involved in privacy-related violations, making it a safer choice for borrowers.

Pros and Cons of Cashalo

✅ Pros:

✔ Legitimate and SEC-registered lending platform
✔ Easy-to-use mobile application for loan applications and account management
✔ Fast approval and disbursement process
✔ Transparent fees with no hidden charges
✔ Various loan options catering to different needs

❌ Cons:

✘ Lower maximum loan amounts compared to traditional banks
✘ Occasional app issues reported by users during the loan process

Final Verdict: Is Cashalo Worth Using in 2025?

Cashalo continues to be a legitimate and reliable digital lending platform in the Philippines. Its regulated status, transparent policies, and accessible loan options make it a great choice for Filipinos looking for fast and convenient financial assistance.

However, before borrowing, it’s essential to:

✅ Read the loan terms carefully to avoid unexpected charges
✅ Assess your repayment capacity to prevent financial strain
✅ Compare interest rates with other lending platforms to ensure you’re getting the best deal

For those who need quick and reliable financing with minimal hassle, Cashalo remains a solid option in 2025.

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Would you like additional details or comparisons with other lending platforms? Let me know!