UnaCash, a provider of in-app and in-store financial solutions, introduces its latest service, Installment Loans, granting customers access to loans ranging from ₱3,000 to ₱50,000 with flexible repayment terms spanning two to 12 months.
The Installment Loans service complements UnaCash’s existing ‘buy now, pay later’ feature, now upgraded to offer point-of-sale (POS) loans. Installment Loans are exclusively available to existing UnaCash customers with a commendable credit history.
“Recognizing the growing demand in the Philippine market for formal credit access, UnaCash initially addressed this need with the introduction of POS loans in July 2023. With the launch of Installment Loans, UnaCash aims to serve more individuals with strong credit profiles,” stated Aleksei Kosenko, President of UnaCash. “This provides them with opportunities to elevate their lifestyle and manage unforeseen expenses.”
The application process for Installment Loans is seamlessly integrated within the UnaCash app, ensuring a smooth customer experience. As these clients have already been pre-approved prior to availing POS loans, the approval process requires only one additional valid ID, eliminating the need for additional verification documents. Moreover, disbursement is expedited in real-time following UnaCash’s recent collaboration with AllBank (A Thrift Bank) Inc., facilitating seamless processing through InstaPay.
“We aim to promote responsible repayment behavior among clients through this service,” added Kosenko. “This underscores our commitment to providing accessible and beneficial financial solutions tailored to the evolving needs of every Filipino.”
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