UNACASH - Loan up to 50000 PHP - Review

UnaCash is an all-digital cash loan application that gives you a convenient and seamless loan experience with low interest rates.

And now, with the new UnaCash Credit Line, you can now spend an approved credit line amount on items from our connected merchants, with the option to pay in installments!

Use the UnaCash Credit Line to score items and discounts from our partner merchants such as Showtec, Ovendepot.ph, irentMo.com, evergrocer.com, Vpharma and many more.

No bank visits, no hidden charges, and definitely a hassle-free application! Get a fast loans in the comfort right now! Convenient cash loan app without leaving the safety of your home.

Online loan amount:

• min PHP 2,000
• max PHP 50,000

Loan terms:

• min 2 months (at least 61 days)
• max 6 months

Number of payments:

• 2 times a month up to 6 months

Annuity interest rate:

• UnaCash Loan 13% per month (0.43% per day)
• UnaCash Credit Line from 0%

Disbursement fee:

• PHP 0

No loan disbursement and/or servicing included.

Early repayment available any time after loan disbursement.

Accrued interest cannot be cancelled in case of early repayment.

Late Payment. The payment made beyond the stipulated due date shall be charged with an applicable late payment fee, which shall be computed from installment due date up to the date of actual payment. The Late Payment Fee – PHP 800.

Penalty. Upon failure of the Borrower for any cause whatsoever to pay any of the payments when due (single or installment payment), the Borrower hereby acknowledges that the entire outstanding balance of the Loan Amount shall, without need of demand, immediately become due and demandable. Any and all unpaid and demandable installment payments shall be subject to penalty charges at the rate of 10% per month (0.33% per day) until fully paid. In the event of the Borrower’s default, the Borrower shall pay the costs of collection of the Promissory

Note, including reasonable attorney’s fees in an amount not to exceed 50% of the amount due and payable, which sum shall in no case be less than PHP 25,000).

Maximum APR: 157%

Minimum period: 61 days

Maximum period: 180 days

The online cash loan cost is calculated:

Amount to be returned = Loan Amount + Interest Amount, where

Interest Amount = Loan Amount * Loan Period * (Rate in %)

Interest is accrued to initial loan amount and included into repayment, e.g.:

Online cash loan amount = PHP 10,000

Term = 5 months

Interest rate = 13% per month

Interest amount total = PHP 6,500

Repayment (bimonthly) = (10,000 + 6,500)/5/2 = PHP 1,650

Repayment (monthly) = PHP 3,300

Total amount to be paid by client = PHP 10,000 + PHP 6,500 = PHP 16,500