Cashalo: Your Latest Lazada Shopping Partner

Online shopping made everyone’s lives easier. For many, it also helped them get through during pandemic as their form of outlet. Aside from the usual modes of payment (bank deposit, credit card, and cash on delivery), Lazada offered another service that made everyone’s lives easier, at least when it comes to payment.

Through the Lazada Loan program, the online shopping giant partnered with several fin-tech companies to offer the Buy Now, Pay Later or BNPL scheme.

Aimed towards unbanked Filipinos who don’t have access to credit card, BNPL allows consumers to pay for their purchased items on installment basis.

So far, Lazada partnered with eight merchants, including its latest partner: Cashalo. 

Who is Cashalo?

Cashalo is a registered fin-tech company that offers financial services to millions of unbanked Filipinos. It offers the following products:

  • Cashaloan, which is a quick cash loan that allows you to borrow minimum of P2,000
  • Shop Now and Pay Later, which lets you shop at partner merchants and pay at 0% installment

But, Cashalo’s latest offering is the Lazada Loan.

All About Cashalo’s Lazada Loan

Yes, this is similar to their Shop Now, Pay Later service but for this new product, the BNPL scheme is solely dedicated to Lazada.

Below are its features:

  • Borrow up to P4,500 to P5,000
  • Payment terms between 30 and 90 days
  • No downpayment needed
  • Various repayment channels such as remittance centers, 7/11, Robinson’s Department Store, and BDO

How To Apply For A Lazada Loan With Cashalo     

Take note that at this point, let’s assume you already created an account with Lazada. 

Step 1: Cashalo App

Download the Cashalo app. It is available in App Store for Apple users, Google Play Store for Android users, and Huawei App Gallery for free.

Once you downloaded the app, register for an account. Make sure you input all necessary information required. This will help Cashalo representatives evaluate your application properly and effectively. 

Step 2: Pay With Cashalo 

After completing the registration, click Pay with Cashalo and then click Lazada Loan. 

A new window will appear. Click Apply Now. 

Step 3: Connect Your Lazada Account

Under the Cashout option, don’t forget to input your Lazada account. 

Thereafter, choose your desired loan amount and term. 

Step 4: Finalize Loan Terms

Make sure to read through and accept the loan terms. If you agree, input the OTP code sent to your registered mobile number and click Submit.

You will get a SMS if your application is approved. 

However, here is the limitation: the approved amount cannot be disbursed in real time. The loan will be sent to your Lazada wallet within one to three business days.  

Repayment Channels

This is important to take note of. Here are ways on how to pay for your loan:

  • 7-11
  • Bayad Center
  • Remittance centers like Cebuana
  • LBC
  • Robinson’s Bank Bills Payment (online banking is also available)
  • BDO (online banking also available) 
  • Robinson’s Business Centers in the Robinson’s Department Store 

Tips To Remember Before You Apply For A Lazada Loan With Cashalo

  • Mobile number and email address are the same for both Cashalo and Lazada accounts
  • Make sure you activate your Lazada wallet. This is where the approved amount will be credited.
  • You must not have any existing cash loans with Cashalo. Make sure you fully paid those loans otherwise, your Lazada loan application won’t be approved.

Give this a try, yes? Let us know about your experience in the comments section below. 


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