Understanding Your Cashalo Loan: New Rules Starting April 1, 2026
At Cashalo, we want to make sure you always know exactly what you’re paying and why. Here’s a simple guide to some important changes coming soon.
1. What’s Changing?
The Philippine government’s Securities and Exchange Commission (SEC) has released new rules to help protect borrowers like you. These rules set limits on how much you can be charged for certain types of loans.
The new rules start on April 1, 2026.
2. Does This Affect My Loan?
These new rules apply to loans that meet all three of the following:
- The loan amount is ₱10,000 or less
- The loan term is 4 months or shorter
- The loan has no collateral (you don’t need to put up any property or belongings to get it)
If your loan fits all three, the new rules will apply but only for new, renewed, or restructured loans starting April 1, 2026.
3. Will Cashalo Always Follow These Rules?
Yes, always. Cashalo is fully committed to following all government regulations, now and in the future. We believe that following the rules isn’t just something we’re required to do; it’s part of how we take care of you.
Whenever the SEC or any government body updates the rules on loans, fees, or consumer protection, Cashalo will update our products and processes to match. You can count on us to be transparent about any changes and to always put your best interests first.
4. What two types of loans will the new rules impact?
****The two types of loans that the new rules will impact are:
- General-purpose loan This just means a loan you can use for anything, paying bills, buying something small, or covering everyday needs. Cashalo’s loans are designed for exactly this.
- Unsecured loan This means you don’t need to own a house or car to borrow money. No collateral needed, just download the Cashalo app, sign up with your mobile number, choose a loan, and apply.
5. How Much Can Cashalo Charge?
For loans covered by these new rules, here are the limits:
| Charge | Maximum Allowed |
|---|---|
| Monthly interest rate | 6% per month |
| Total monthly cost (interest + fees) | 12% per month |
| Late payment penalty | 5% per month on the amount overdue |
| Total charges ever | Cannot exceed 100% of what you borrowed |
That last point is important: the total of everything you pay in interest, fees, and penalties can never be more than the amount you originally borrowed. So if you borrow ₱1,000, you will never pay more than ₱1,000 in charges on top of it.
6. Want to Read the Official Rules?
You can find the full SEC circular here: 🔗 SEC MC No. 14, Series of 2025
7. Need Help?
Reach out to us anytime through Cashalo Support inside the app. We’re happy to answer your questions!