Unacash unveils installment loans in the Philippines

Customers can apply for loans up to approximately $886.

UnaFinancial’s financial app Unacash has launched installment loans in the Philippines.

Customers can apply for loans between PHP3,000 to PHP50,000 (approximtely $53 to $886), with flexible repayment terms between 2 to 12 months. The service is offered to existing customers with “outstanding” credit history, UnaFinancial said in a press release.

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Beginning as a buy now pay later service, UnaCash has since expanded to offer point-of-sale (POS) loans.

“[With] the launch of Instalment Loans, UnaCash aims to cater to more individuals with strong credit profiles. This provides more opportunities to upgrade their lifestyle, and manage unexpected expenses effectively,” said Aleksei Kosenko, president, UnaCash.