Unacash Loan Evaluation: Legitimacy, Credit Line, and Password Recovery Guidelines

In this article, we will delve into the world of Unacash, an online lending platform in the Philippines. We will examine its legitimacy, credit line offerings, and the requirements for accessing its services, including password recovery. CashExpressPH.com will guide you through the process of applying for an Unacash online loan and provide insights on how to efficiently manage repayments.

Don’t overlook:

Top 10 Fast Online Loans in Philippines – A Valid ID is All You Need Updated in July 2024 

Rank Lender Name & Application Link Loan Amount Loan Term Interest Rate Repayment ID Required Age Range Special Feature

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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 70 Receive money in 15 mins

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₱1,000 – ₱25,000 3 – 12 months 0% for first loan Monthly or End of term Only National ID required 20 – 70 Receive money in 15 mins

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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval

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₱1,000 – ₱50,000 1 – 12 months 0% for first loan Monthly or End of term Only ID Card required 20 – 65 Receive money in 10 mins
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₱1,000 – ₱25,000 1 – 180 days 0.1% Monthly or End of term Only ID Card required All accepted Approve Bad credit
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₱1,000 – ₱25,000 2 – 4 months 0% for first loan Monthly or End of term Only ID Card required 18 – 70 Easy loan approval
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₱1,000 – ₱25,000 3 – 6 months 0% for 7 days Monthly or End of term Only ID Card required 21 – 70 Receive money in 4 mins
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₱500 – ₱25,000 60 – 180 days 1.2% per month Monthly or End of term Only ID Card required 18 – 65 Receive money in 5 mins
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₱1,000 – ₱20,000 7 – 30 days 0% for first loan End of term Only ID Card required 21 – 70 Receive money in 5 mins
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₱500 – ₱20,000 7 – 180 days 0% for first loan End of term Only ID Card required 22 – 65 Easy loan approval

Unacash Loan Overview

  • Loan Amount: PHP 1,000 – PHP 50,000
  • Eligible Age Range: 18 – 65 years old
  • Loan Term: 2 – 6 months
  • Interest Rate: 16% per month
  • Requirements: Valid national ID
  • Payment Methods: Funds transfer, Gcash
  • Pros: Respectful communication
  • Cons: Limited initial loan amount
  • Effectiveness Rating: Good
  • Debt Collection Policy: Tolerant
  • Detailed Feedback: Further insights within this article
  • Unacash App Download (APK): https://unacash.com.ph

Unacash Loan: An Overview

Unacash Loan is a reputable fast cash lending app in the Philippines, operating with full legal authorization. It allows borrowers to quickly and conveniently apply for loans through their mobile phones, computers, or other internet-connected devices. Loan amounts range from PHP 1,000 to PHP 50,000, and repayment terms extend from 2 to 6 months.

Advantages of Unacash in the Philippines

Unacash’s online lending services come with numerous benefits, including:

  • Completely online application process, eliminating the need to visit physical banks and endure appraisal and field calls.
  • 24/7 registration availability, ensuring accessibility at any time.
  • Unsecured loans that require only personal identification, without the need for collateral or guarantors.
  • A legal platform committed to safeguarding customer information and loans.
  • Higher loan limits compared to many other lending apps, coupled with flexible and convenient repayment options.

Disadvantages of Unacash Loan App

Prospective borrowers considering Unacash should be aware of the following drawbacks:

  • The necessity of downloading the mobile app for loan application.
  • Shorter repayment periods compared to traditional bank loans, with higher interest rates.

Understanding Unacash Interest Rates

Unacash App applies interest rates ranging from 0% to 16% per month. First-time borrowers may enjoy a 0% interest rate, while the specific rate for subsequent loans depends on the loan amount and the borrower’s credit history.

Unacash Interest Rate Calculation Example

For instance, if a customer applies for a PHP 20,000 loan for 4 months at a 12% monthly interest rate:

  • Monthly principal payment: PHP 20,000 / 4 = PHP 5,000
  • Monthly interest payment: PHP 20,000 x 12% = PHP 2,400
  • Total monthly payment: PHP 7,400

Unacash Loan Requirements

To qualify for an Unacash loan, applicants must be Filipino citizens aged 18 or older, possess a valid email address and phone number with two-way communication capabilities.

First Loan with Unacash

First-time borrowers must fulfill specific ID requirements, providing all requested personal information and a photo of a government-issued ID.

Subsequent Loans (2nd Loan)

Unacash supports repeat loans for customers with a good payment history and credit standing. Applicants can reapply by sending an email to Unacash customer service at care@unacash.com.ph, including their full name, email address, loan amount, loan term, and previous loan agreement number.

Step-by-Step Guide to Applying for Unacash Loan

The process for applying for an Unacash loan is as follows:

  • Step 1: Find and Download the Unacash app on Google Play Store
  • Step 2: Enter your personal phone number and verify it with the code sent via text message.
  • Step 3: Create a password with 8 to 34 characters, including at least one number, and establish a 4-digit PIN or fingerprint password.
  • Step 4: Complete the Unacash registration form with personal details, including full name, email, date of birth, place of birth, gender, address, and references.
  • Step 5: Take a personal photo and provide a photo of your chosen government-issued ID. Select the loan amount according to your needs.
  • Step 6: Supply information about your employment, salary, position, and work address. Include proof of income if available.
  • Step 7: Once your profile is confirmed, wait for the loan approval result, which will be sent within 24 hours.
  • Step 8: After approval, Unacash will notify you of your credit limit, which you can use for purchases or withdraw to your bank account.

Unacash Loan Repayment

Repaying your Unacash loan is flexible and convenient. Log in to your Unacash account and choose one of the following payment methods:

  • Online payments via banks such as BDO, BPI, PNB, UnionBank, Metrobank, and RCBC.
  • Payment through authorized centers like 7-Eleven, Bayad Center, LBC, M-Lhuillier, SM Retail, Cebuana, and GCash.

Comparing Unacash with Other Loan Apps in the Philippines

Here’s a comparison of Unacash with other loan apps based on various criteria:

Criteria Unacash App Finbro Digido
Limits PHP 1,000 – PHP 50,000 PHP 1,000 – PHP 50,000 PHP 500 – PHP 30,000
Tenor 2 – 6 months 1 – 12 months 3 – 6 months
Interest 0% – 16% per month 15% – 37.5% per month 12% per month
Age Over 18 years old 20 – 65 years old 21 – 70 years old
Browsing Time 15 minutes 15 minutes 5 minutes
Rating Review 9/10 9/10 8/10

12. Unacash Customer Service

If you need to contact Unacash customer service, you can reach them through the following channels:

  • Contact Number: 0915245468, available from 8:00 AM to 5:30 PM, Monday to Sunday.
  • Email: care@unacash.com.ph
  • Address: Units P107003R, P107007R, P107008R, Level 7 Cyberpark Tower1, 60 Gen. Aguinaldo Ave., Cubao, Quezon City

FAQs – Unacash Loan App in the Philippines

We’ve compiled a list of frequently asked questions about Unacash loans, along with detailed answers:

Is Unacash legit?

Unacash is a legitimate online cash loan application developed by Digido Finance Corp. It is approved by the SEC (Securities and Exchange Commission) with SEC registration number CS202003056 and Certificate of Authority No. 1272. Unacash is committed to maintaining borrower information confidentiality and transparency regarding limits, terms, interest rates, and fees.

How to reset the password in Unacash?

If you forget your Unacash login password, follow these steps:

  • Open the app and select “Unacash forgot password.”
  • Receive a confirmation code via message.
  • Reset your password, ensuring it has 8 to 34 characters, includes at least 1 digit, and has both upper and lower-case letters.
  • Confirm your new password.

How to pay Unacash via GCash?

To make payments via GCash on Unacash, follow these 5 simple steps:

  1. Access the Unacash app and select your active loan.
  2. Choose “Make and pay.”
  3. Select “Cash in via partner outlets.”
  4. Opt for GCash as your payment method.
  5. Enter the reference code and the amount due for payment, ensuring prompt payment to avoid Unacash collection activities.

How to use Unacash?

To utilize Unacash, you must first download the Unacash app on your phone and open it. Enter your phone number and create a password for your Unacash account. Provide your personal information for registration, and you can then access the Unacash credit line to make purchases or withdraw cash to your bank account.

How to cash out Unacash?

Once approved by Unacash, select your approved limit and choose “Unacash loan.” Provide your bank information, including your bank account details to receive disbursements. The funds will be transferred directly to your account on the same day.

How to use Unacash credit line?

To utilize the Unacash credit line, follow similar steps to the loan application process. Instead of selecting “Unacash loan,” choose “Buy online with 0% interest.” Select the store and products you wish to purchase, using the approved loan amount to make payments without interest, similar to using a credit card.

How to delete the Unacash account?

To delete your Unacash account, you need to contact Unacash customer service and request the removal of your account. The process typically takes a few days.

Conclusion – Should You Apply for an Unacash Loan in the Philippines?

In conclusion, Unacash Loan stands out as one of the most reputable online loan apps in the Philippines. It offers high borrowing limits, reasonable interest rates, and flexible repayment terms of up to 6 months. With its commitment to borrower confidentiality and transparency, Unacash is a reliable choice for those in need of urgent financial assistance.

Unacash’s commitment to customer satisfaction, transparent terms, and ease of use make it a strong contender in the online lending market in the Philippines. Borrowers seeking financial support can confidently consider Unacash as a reliable and convenient option to meet their short-term financial needs.

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