You can now borrow money up to PHP 19,999 for your shopping using Cashalo’s Cashacart

Cashalo, a Filipino fintech company introduces their new loaning service that can let a shopper loan for shopping money, and get approval within minutes via their Cashacart , the Philippines’ first ever digital basket consumer finance solution.

It is also the first ever O2O, or offline to online basket financing solution, with Cashacart, Filipino consumers can access digital credit at 0% interest base on the item they will purchase, and the difference of their Cashacart among other loaning service provider, is that you can loan starting PHP 2,000 up to PHP 19,999, they also can get approval within minutes and interest can cover on the loan money and not on the per item or per gadget you acquired using the loan service.

How it works?
First a shopper should visit any branches of their partner store --  Robinsons Appliances, Robinsons Department Stores, Handyman, OPPO, Cherry Mobile, and Memoexpress

Then, they can ask for assistance at the partner store mentioned to apply for a Cashacart loan service, a representative from Cashalo will be there to assist you on the offline application, and then you get approval within 10 minutes after you have presented the required documents such as valid ID, billing statement and etc.

After acquiring the PHP2000 up to PHP 19,999 digital credit, you can now use it via their Cashalo app to pay for your shopping, and a Cashalo representative will be there to assist you.

Consumers can have access to:
- digital credit between PHP 2,000 up to PHP 19,999
- a service that is paperless, collateral-free and available via their own mobile device
- 0% interest or as low as 3.99% monthly interest rate (depending on the product)
- approval in as fast as 10 minutes.

How to pay back?
All you need to do is visit their partner stores, you can You can repay directly via Robinsons Dept. store, ECPAY / 7-Eleven outlets, via Cashalo App using Robinsons Online Baking, and Dragon Pay

A new kind of financing solution will open new opportunities to fellow Filipinos, especially to those who dont have any access to have their own credit card and want to acquire items that they need for their business, lifestyle, school, and household.

But pls take note that if ever you apply a loan, make sure that you are capable of paying it back monthly. The exciting part for Cashalo is that they will open more partner stores soon and expand this digital loaning service for everyone.

Know more by visiting Cashalo’s social media page and site

Blogger note:
Im going to try this soon and will let you know my review.