UNACASH Loan App Review Philippines: Is it Legit? Complaints?

Money troubles happen, and in the Philippines, the Unacash Loan App presents itself as a potential quick fix. However, before you hit download, it’s crucial to weigh the pros, cons, interest rates, alleged harassment risks, and whether Unacash is even a legitimate lending option. Let’s dive into this Unacash Loan App Review.

Unacash Loan App Review Philippines

Key Features

• Fast loan approvals (within minutes)
• Loans up to ₱50,000
• Flexible repayment terms (2 to 6 months)
• Wide range of payment options

Pros

• Simple Application: Designed for user-friendliness.
• Potential for Quick Funding: If approved, you might receive the money relatively quickly.
• No Collateral Needed: Unacash advertises no need for traditional collateral.

Cons

• Potential High Costs: Unacash’s interest rates tend to be higher than conventional bank loans.
• Harassment Concerns: Customers have reported aggressive collection tactics, raising significant concerns.
• Limited Information: Transparency about fees or terms could be clearer on their platform.

Unacash Complaint Philippines

Complaints about high-interest rates, concerning collection practices, and a lack of clarity in loan terms underscore the need for caution before choosing Unacash.

Is Unacash Legit?

Yes, Unacash is a legitimate company registered with the Securities and Exchange Commission (SEC) Philippines under registration number CS201817211. However, their collection practices raise concerns for some users.

Unacash Loan Interest Rate Philippines

Interest rates on Unacash loans can vary depending on the loan amount and repayment term. However, you can expect them to be on the higher side, likely ranging from approximately 20% to 36% Annual Percentage Rate (APR).

How to Apply for a Unacash Loan

Eligibility Requirements:

• Filipino citizen
• At least 21 years old
• Have a valid government-issued ID
• Have an active mobile phone number and bank account

Step-by-Step Application Guide:

1. Download the App: Search and download the Unacash Loan App from official app stores.
2. Create an Account: Register with your basic personal information.
3. Fill Out Application: Complete the application form.
4. Submit Documents: Upload a photo of your valid ID and other required documents.
5. Await Approval: Unacash aims for a swift review of applications.
6. Receive Funds: If approved, the loan amount should be sent to your bank account.

Who Should Consider Unacash Loan App?

UnaCash might be an option if:

• You have an urgent, critical need for cash.
• Traditional lenders have rejected you.
• You fully understand the high interest and harassment risks.

Alternatives to Unacash Loan

• Traditional Banks: Explore personal loans from banks, which may offer better rates.
• Other Online Lenders: Consider options like Tala or Cashalo.
• Borrowing from Family/Friends: Interest-free loans from your network are ideal.

Unacash Harassment Philippines

Be aware of the potential for aggressive collection tactics. If you experience harassment, report it to the SEC and the National Privacy Commission (NPC).

Conclusion

Unacash Loan App promises quick fixes but comes with potentially high costs, limited transparency, and concerning complaints about its collection practices. Approach with extreme caution, exhaust all other options, and borrow only what you can confidently repay. Remember, fast cash shouldn’t come at the cost of long-term financial hardship.