‍UNO Digital Bank will, no doubt, serve the financial freedom needs of Filipinos with its personal loan product. As one of Southeast Asia's pioneering full-spectrum digital banks, UNO Bank secured a license from Bangko Sentral ng Pilipinas, one of the youngest licensed universal banks in the country. This bank was founded in 2020 and, via the internet, is setting solid foundations for open, accessible financial services in many forms of personal loans and others.

Salient Features of UNO Bank Personal Loan

Simple application process and accessible to all Filipinos.
  • Application Process Simplified: UNO Bank is very proud of its application process simplification. Applying for a personal loan online at UNO Bank requires less paperwork than that at the traditional banks, which could demand a lot of paperwork and a drawn-out approval process. This makes it a good choice for anyone who requires instant access to money.
  • Competitive Interest Rate: UNO Bank offers personal loans at 2% per month. Add-on interest rate structures offer transparency and control over loan expenses because interest is only paid on the outstanding loan amount.
  • Amount: UNO Bank provides personal loans with customizable periods and sums from ₱5,000 to ₱200,000. This sum could be used for a specific event, unexpected expenses, debt consolidation, or other needs.
  • Minimum Qualifying Requirements: Qualifying for a personal loan through UNO Bank is not too difficult. An individual must be a Filipino citizen between 21 years and 65, and be earning at least P15,000 in gross monthly income. What makes this lender stand out - literally, when having a place like UNO Bank take into account that most loan providers will require an individual to have a bank account and/or a credit card before they use the service; UNO Bank, however, will not require you to have a bank account or credit card before availing of a loan. This certainly has its perks.

Consideration Factors

UNO Digital Bank offers a personal loan option with friendly rates and long repayment terms.

When applying for a personal loan from Uno Bank, here are the things you need to consider:

  • Processing Fee : UNO Bank has a disbursement fee amounting to 3% of the loanable amount, or ₱500 whichever is higher, to be deducted from the approved loan amount.Consider this fee while calculating the loan cost.
  • Interest Rates: UNO Bank Personal Loans have interest rates as low as 2% per month which is very competitive in today’s market.
  • Loan Repayment Term: Loans can be paid within 6 to 36 months depending on the amount borrowed.

Conclusion

A personal loan option you can trust in times of need.

UNO Digital Bank's Personal Loan truly is an attractive option for Filipinos looking for a fast and hassle-free means to avail of cash. Their pliable loan amounts, competitive interest rates, and simplified application process can enable financial management. Prior to any final decision, the disbursal charge must be considered. Competition from rival lenders should then be estimated in terms of interest rates. Lastly, the terms involving the loan must be understood. To get started, just click here.

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