MANILA, PHILIPPINES — As the Christmas season begins early in the Philippines, Filipinos are now preparing their yearly Christmas shopping list, writing down the gifts that are best suited for their loved ones and friends. 

To provide them with a more flexible option to checkout their Christmas shopping carts, leading financial technology platform Cashalo, which offers loans and credit financed by Paloo Financing Inc., and e-commerce giant Lazada have partnered to offer shoppers a Lazada Loan payment option that offers zero-interest and zero-processing fee. Paloo Financing Inc. 

โ€œThis is the first time that we are offering this product to our customers. We are happy to partner with Lazada in delighting online shoppers with an alternative payment scheme that will help them with their Christmas shopping list,โ€ Cashalo General Manager Chino Flor said. 

The zero-interest, zero-processing fee Lazada Loan is available for new users who register on Cashaloโ€™s microsite ( They are entitled for a micro loan of up to P2,500. 

To apply for a Lazada Loan, users simply have to register online through Cashaloโ€™s microsite, download the Cashalo app, fill out a Lazada Loan application, and wait for approval.

โ€œThrough our expanded partnership with Lazada, we believe that more and more Filipinos will have 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,โ€ Flor said. 

Flor added that Cashalo also hopes to entice Lazada Loan users to avail of other Cashalo products such as the zero-interest installment in select Cashalo partner stores, and cash loans for urgent needs.

โ€œSince day one, our goal has always been to promote financial inclusion in the country. Our vision is to provide Filipinos greater and easier access to a wide array of financial services,โ€ Flor said. 

To date, Cashalo has been downloaded in over 9.5 million devices.

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