Cashalo Intros 'Pre-approval' Feature

Ciara Alarcon
Cashalo has introduced its new in-app feature named as pre-approval, allowing consumers to spend responsibly.

Cashalo Intros 'Pre-approval' Feature
Cashalo Intros 'Pre-approval' Feature

As a quick recap, Cashalo's flagship offering Cashacart was designed to connect unbanked and underserved Filipinos with the funding they need to improve their well-being. With the new "pre-approval" feature on Cashacart, Cashalo explained that consumers will be more responsible with their digital credit limit. They will also know what the down payment will be, exactly how much, and over what period of time they will be required to pay that.

"In less than a year, Cashalo's technology has transformed the lives of hundreds of thousands of Filipinos. The feedback from our growing community tells us their trust in our brand extends beyond their ability to access credit. They find our ability to help them build a financial identity truly invaluable," Hamilton Angluben, General Manager of Cashalo, addressed.

See Also: Cashalo Launches Cashacart to Offer Digital Credit at 0% Interest

With the pre-approval feature, Cashalo allows consumers to get pre-approved digital credit right within the app. They can apply for digital credit in the comfort of their homes. Then, they can enjoy pre-approved digital credit within 24 hours ranging from Php2,250 to Php19,999, with interest rates of as low as 0-4 percent.

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