UnaCash, provider of in-app and in-store financial solutions, is expanding its product line-up with the launch of Installment Loans, a credit line of P3,000 toP50,000 with flexible repayment terms of 2 to 12 months.
Installment Loans complement UnaCash’s existing suite of financial products, which includes the popular “buy now, pay later” service and recently upgraded point-of-sale (POS) loans.
“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 Una Cash president Aleksei Kosenko.
The new service caters specifically to existing UnaCash customers with a proven track record of responsible borrowing.
The application process for Installment Loans is fully integrated within the existing UnaCash app, eliminating the need for additional verification documents for pre-approved customers.