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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

UPESO

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About UPESO

Online lending is one of the most popular and fastest-growing services. UPESO offers a unique service to the people of the Philippines. It consists of a lending platform that connects borrowers and lenders.

UPESO Lending Investors Corp is the full name of the company. The company is authorized in compliance with the SEC under its law and is allowed to provide legitimate lending services to the people of the Philippines. The platform uses information technology to provide online loans through an app that can be downloaded from the company's official website. UPESO ensures complete discretion while handling personal information. The company also uses SSL (Safe Sockets Layer) and other cryptographic techniques that offer secure data transfer on the network to protect the information of its clients.

UPESO is an organization that assists people in obtaining affordable loans using the Internet. The company has decent experience in offering required lending services to customers. This may be demonstrated by visiting their website and looking at all legal certifications on the homepage. To be eligible for a loan, applicants must be employed full-time, have a steady income, and have a valid bank account in the Philippines. UPESO loans are straightforward and hassle-free, which makes it easier for Filipinos to get a life of financial independence.

Pros and cons

When we request a loan from a company, there are several advantages and disadvantages that we should all consider when it comes to our financial security. Here are a few pros and cons to think about before applying for a loan from UPESO:

Pros

  • Short-term finance is available to everyone who needs it, with less documentation necessary for a quick loan.
  • Customers who have previously been granted a loan (one or more times) are subject to additional terms and restrictions.
  • You can find thousands of authentic user reviews to help you decide better.
  • They charge minimal interest rates on loans.

Cons

  • They only have a few lending options.
  • The lender is not suitable for people looking for a large loan.

Loan conditions

UPESO has positioned itself as a cost-effective service for newcomers looking to try the online lending space. The business solely offers one type of service, which is Internet financing. They can also process applications faster due to a fully automated process. To apply for a loan, the applicant must be a Filipino citizen aged 22 to 55 with a valid identification card (UMID, driver's license, SSS ID, PRC identity card, TIN) and a bank card.

The application can only be submitted using the mobile application, which may be obtained from the official website or Google Play store. After installing the app, the borrower must complete a questionnaire in which they must fill out all of the required information, as well as the loan amount and period.

Funding a loan

You need to complete a few simple tasks to receive your quick cash. To get a loan from UPESO, you must follow these steps: download the UPESO app on your phone and log in to your UPESO account. If you don't have an account, you can signup by completing the short loan application. Click the Apply Now button and fill out the application form with all the required information. The service provider will next evaluate your application and make a decision. If the loan is granted, the funds will be available in a bank account you can access.

Completing an online loan application takes about 5–10 minutes, and your application will be examined and accepted within two hours. Approval of the application can also be accelerated by calling the UPESO contact number; the operator will be able to confirm your application over the phone following the call. After the application has been approved, you will receive the desired funds within 24 hours.

The lender offers online loans that range from ₱1,000 to ₱12,000. These loans come with an interest cap of up to 25% per annum. The offered loan term ranges from 91 to 180 days. They also offer flexible loan terms where the starting interest rate is 0%.

UPESO

FAQ

What is UPESO?

UPESO is a financial organization that provides online loans to Filipinos based on their requirements and eligibility.

Who owns UPESO?

UPESO is a subsidiary of PXT Lending Investors Inc. The company has been operational since 2018 in the Philippines.

How do you qualify for UPESO?

Borrowers must be Filipinos aged between 22 to 55 years old. They should also have a valid identity card (UMID, driver's license, SSS ID, PRC identity card, TIN) to certify their identity and a bank card to receive funds.

Is UPESO a legitimate company?

Yes, UPESO is a legitimate company. The Philippine Securities and Exchange Commission has given it legal permission. On the official website, on the list of officially registered credit organizations in the Philippines, you'll find UPESO (or UCS Credit Cooperative).

For what period can I take out a loan?

Borrowers can take loans for 91 to 180 days.

What is the duration of loan processing?

The company takes about 24 hours to complete the loan processing.

What is the longest loan term?

The longest loan term offered by the bank is 180 days.

What is the maximum loan amount?

The maximum loan amount is up to ₱12000.

What is the minimum loan amount?

The minimum loan amount is ₱1000.

Financial products

UPESO
UPESO Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
1 000 - 12 000 ₱
Rate
i

Effective interest rate on the product

up to 0.07% per day
Term
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Loan term for the financial product

91 - 180 days

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UPESO loans calculator

Calculate loan payments at UPESO. Loans calculator will allow you to calculate an approximate payment schedule for the loan.

UPESO calculator
Interest rates are given in accordance with the rates of the UPESO in Manila as of 04.12.2022
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What to pay attention to when applying for a loan at UPESO?

Recommendations

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