UnaCash, an in-app and in-store financial solutions provider, can now provide customers with access to loans amounting from ₱3,000 to ₱50,000, along with flexible repayment terms between 2 to 12 months.
Installment Loans complements UnaCash’s current “buy now, pay later” service that has since been upgraded to offer point-of-sale (POS) loans. Installment Loans are being offered to existing customers with outstanding credit history with UnaCash.
“UnaCash recognizes the increasing demand in the Philippine market for access to formal credit. We initially addressed this need with the introduction of POS loans in our platform in July 2023, and with the launch of Installment Loans, UnaCash aims to cater to more individuals with strong credit profiles,” said Aleksei Kosenko, president of UnaCash. “This provides more opportunities to upgrade their lifestyle, and manage unexpected expenses.”
The application process for Installment Loans is integrated in the UnaCash app, providing a seamless customer journey. Aside from an additional one valid ID, this eliminates the need for additional verification documents for the approval process as these clients have already been pre-approved prior to availing the POS loans. Furthermore, disbursement is facilitated real time upon an application’s approval, following UnaCash’s recent partnership with AllBank (A Thrift Bank) Inc. that allows a seamless way to process this through InstaPay.
“We wish to promote responsible repayment behavior among clients through this service,” added Kosenko. “This also ensures that our commitment remains in providing accessible and beneficial financial solutions, catering to the evolving needs of every Filipino.”
UnaCash offers people-centric, in-app and in-store digital financial solutions tailored to the evolving needs of Filipinos. Its “Buy now, Pay later” service has been upgraded to include point-of-sale loans, accessible via online and in-store partner merchants.
With the help of analytics and data-driven technologies, UnaCash is driven to continuously improve products and develop new services that will bridge critical financial gaps in the Philippines. The UnaCash app is available through the Google Play Store and Huawei AppGallery.
UnaCash services have been recognized by outstanding organizations, namely The Global Economics, The Digital Banker, Global Business Outlook, and International Finance in 2023.
