Cashalo offering zero-interest loans to Lazada customers

Cashalo, the country's leading financial technology platform, said Monday it expanded its partnership with e-commerce giant Lazada to offer online shoppers zero-interest loans.

Cashalo, Lazada offer zero-interest loans

Cashalo, Lazada offering digital credit?

The strengthened partnership allows Lazada customers to have access to a loan for purchases that has zero interest and zero processing fee.

We have seen encouraging traction for Lazada Loan since we introduced it last year. We want to be able to continue growing that momentum and empower more Filipinos to buy online by offering them a zero-interest, zero-processing fee option, Cashalo general manager Chino Flor said.

Who can tap this financing? The companies said the Lazada Loan is available for new users who register on Cashalo's microsite. They will also need to download the Cashalo app, fill out a Lazada Loan application, and wait for approval.

Through our expanded partnership with Lazada, we believe that more and more Filipinos will have a greater ability to provide the joy of Christmas to their loved ones. This new payment option is best for those who would like to do their Christmas shopping online or those who simply need products that are readily available on Lazada, Flor said.

New Cashalo users will then be entitled to enjoy a microloan of up to PHP 2,500.