About lender
Unacash is a Philippines-based loaning company that offers loans to businesses and individuals. The company has been at the forefront in offering different loan products, including business loans, home loans, and personal loans. Unacash was founded in 2013 to provide short-term loans at relatively cheap interest rate to small business owners in the Philippines.Today, the company's credit line offers 24/7 online financial solutions to all its clients. The company is owned and run by Digido Finance Corp. They have an application where clients access an all-digital cash loan service with minimum fuss and still use it to repay the loan before the installment due date. Suffice to say that they offer a seamless and convenient loan experience by eliminating bank visits and hidden charges.
Pros and cons
There are some pros and cons of borrowing a cash loan from Unacash.
Pros
- It offers easy and quick cash loans with minimal requirements. Funds will reflect in your bank account within 24 hours after approval.
- The company has a user-friendly and convenient cash loan application. This convenient loan app offers seamless navigation and access to cash loan products.
- The company offers cash loans at competitive interest rates.
- The customer service is efficient and friendly. They offer customer service through email from Monday to Saturday.
- Unacash offers competitive interest rates on their cash loans.
Cons
- It does not offer large loan amounts.
- All their loans are short-term.
- Compared to bank loans, the percentage of use for the loan is higher.
- There is an additional late payment fee if you fail to meet the actual payment deadline
Looking at the advantages and disadvantages, it is safe to say that an Unacash loan is meant to be a short-term solution for your financial requirements. You need to weigh your options before choosing one of their loan products.
Loan conditions
You have to be a Filipino citizen of at least 18 years with a valid identification document and proof of income. Additionally, you need to have a valid and registered phone number and email address. These two will be used to verify your application.
Funding a loan
The application process is straightforward. After choosing the loan product and amount you want, it takes 5-10 minutes to approve the cash loan. After approval, the company will notify you whether your funds are available. The money will be transferred to your account within 24 hours, sometimes even sooner.
