Schedule of Raffle Draws

Prize Will return the same or equivalent amount of payment that has been made during the weekly raffle draw.
Weekly Raffle Promo Covered Payment Period Electronic Raffle Draw No. of Lucky Winners
Week 1 August 01 – 07, 2021 Wednesday, 11th of August 2021 3
Week 2 August 08 – 14, 2021 Wednesday, 18th of August 2021 3
Week 3 August 15 – 21, 2021 Wednesday, 25th of August 2021 3
Week 4 August 22 – 28, 2021 Wednesday, 1st of September 2021 3
Week 5 August 29 – Sept 4, 2021 Wednesday, 8th of September 2021 3
Week 6 September 5- September 11, 2021 Wednesday, 15th of September 2021 3
Week 7 September 12- September 18, 2021 Wednesday, 22nd of September 2021 3
Week 8 September 19- September 25, 2021 Wednesday, 29th of September 2021 3
Week 9 September 26 – September 30, 2021 Wednesday, 6th of October 2021 3
Grand Raffle August 1 – September 30, 2021 Wednesday, 6th of October 2021 5 (for non-weekly winners)

PROMO MECHANICS

 

  • The Balik Cash sa Cashalo Promotion (referred to as “Promo”) will run from August 1, 2021, to September 30, 2021. (the “Promo Period”)
  • Cashalo borrower (Participant) will get a One (1) electronic raffle ticket for each successful payment of their loan within the promo period and a chance to win for a prize more than once if chosen. The details of Prize and the weekly and grand draw is listed below:
  • There would be 1 winner for each product type Cash Loan, Consumer Financing Loan and Buy Now Pay Later Loan (BNPL)on the weekly raffle promo
  1. FOR PARTICIPANT:
  2. The Promo is open to all Cashalo borrowers with active unpaid loan with Cashalo from August 1, 2021 to September 30, 2021 and made payment for their loan from August 1, 2021 to September 30, 2021 for the grand raffle draw and payment made during the promo period for weekly raffle draw.
  3. Payments should cover full outstanding balance for Cashaloan/ Concurrent (Cash Loan Product)
  4. For Installment loans (Cashacart/ Extended/BNPL) without past due loan, the borrower should pay at least 1 month amortization and for past due loan, the borrower should pay for past due amount and penalties, if there is any (Consumer Finance Installment loan and Buy Now Pay Later Installment loans)
  5. Employees of Cashalo, its affiliates, and participating retailers and their relatives up to the 2nd degree of consanguinity or affinity are excluded from participating in this promo.
  6. Each time a borrower pays their loan during a promo period, said borrower is entitled for One (1) electronic raffle ticket each month. The borrower can have more than one (1) electronic raffle ticket for the Grand Raffle promo.
    1. Cash Loan Product – One (1) electronic raffle ticket. If borrower has a repeat loan on succeeding month another, one (1) electronic raffle ticket will be given.
    2. Consumer Finance Installment Loan and Buy Now Pay Later – One (1) electronic raffle ticket for the month of August. Another one (1) electronic raffle ticket will be given on September.
    3. If participant have more than One (1) loan or multiple loans (i.e. concurrent loan and cashacart loan) during the period of the promo and able to repay the loan and meet the requirements, each loan will be entitled for One (1) electronic raffle ticket.
  7. To qualify for electronic raffle entry:
  8. For Weekly raffle, Participant who paid for their loan within the given period.
  9. For Grand raffle, Non-weekly winners are included in the grand draw at the end of the promo period.
  10. Validation of winner is in front of a DTI representative and representative of Cashalo.
  11. The Cash Prize will directly be deposited to nominated bank account or electronic wallet of participant linked to Cashalo App. Cash-out options are as follows:
    1. GCash account should match the mobile number registered to the Cashalo app.
    2. PayMaya account should match the mobile number registered to the Cashalo app.
    3. Bank Account should be valid and Bank Account Name should match the user’s registered name in the Cashalo app.
  12. You must have any of the cash-out options linked to Cashalo app to receive the Prize. If you linked multiple account, your rewards will be disbursed on GCash, PayMaya, then bank account. See sample scenarios below:

 

SCENARIOS DISBURSEMENT CHANNEL
If a user linked all accounts (GCash, PayMaya, and Bank) Disbursed to GCash account
If a user linked two accounts (GCash and PayMaya) Disbursed to GCash account
If a user linked two accounts (GCash and Bank) Disbursed to GCash account
If a user linked two accounts (PayMaya and Bank) Disbursed to PayMaya account
If a user linked one account Disbursed to the linked account

 

  1. This promotion is valid in conjunction with any promotion of Cashalo and partner retailers.
  2. Not applicable for combined offer (i.e. discount on penalty or waiver on penalty). Payment made during the promo period with accepted and approved discount/waiver on penalty are excluded in this promo.
  3. Prizes must be redeemed within sixty (60) days upon receipt of SMS or email with winning code from Cashalo. For failure to claim the prize within the redemption period, the prize will be forfeited in favor of Cashalo with prior approval from DTI.
  4. Participant can only win in this promo once a month.
  5. The participant winner shall be responsible for the applicable taxes and other related expenses, if any, on the raffle prize.
  6. The participant winner will be informed through phone call through the assistance of our Customer Service team and will be announced via Cashalo’s official social media accounts (Facebook) but with approval and consent of our client. Once the participant refuses to be posted we will not proceed posting their names.
  7. The Prize will only be based on the loan amount that the participant paid during the promo period and will only be awarded if ALL promo terms and conditions are met.
  8. Prize is non-transferrable.
  9. All Loans under the Cashalo Platform are financed by Paloo Financing, Inc. with SEC Registration No. CSC201800209 and Certificate of Authority No. 1162.
  10. In case of dispute, the decision of Oriente Express Techsystem Corporation with the concurrence of DTI shall be considered final.
  11. For questions and clarifications, please contact Cashalo at 02-7902- 1080/ 02-7902-1090 / (Smart 09189309800) / (Globe 09171850600).