UTANG ONLINE Loan App Philippines (Ph) Review (2024)

Utang online is a financial company headquartered in the Philippines. It provides quick, convenient loans without collateral.

Let’s review online Utang loan app together through retailasiaonline.com!

What is Utang online?

Utang online is one of the leading reputable financial institutions in the Philippines. In the lending market here, this application is known as one of the preferred choices of users. With diverse credit products and simple processes, it has been dominating the market share as well as being the most effective financial solution today.

Pros of Utang online App

Utang online review gives users benefits that not every loan app can have:

• Unsecured loan without collateral or guarantee from a third party.
• No need to meet, borrow anytime, anywhere.
• All operations are performed 100% online.
• Simple process, friendly interface, easy to use.
• Simple application with only one of the legal identification documents such as: ID card, driver’s license, passport…
• Competitive interest rates on the peer-to-peer lending market.
• Professional staff, thoughtful and dedicated service attitude.
• Quick disbursement within 24 hours of application approval.
• Loan products are diverse, suitable for each customer’s needs.

Cons of Utang online Loan App

Some disadvantages of Utang online review app:

• The loan limit is not too high, only suitable for consumer loan purposes.
• Interest rates will be much higher than traditional banks. This is explained by the easy loan process, simple documents, and higher risk for the lending unit.
• The form of debt collection is quite strict.
• High overdue fines.

Utang online interest rate

Utang online is implementing a loan package with an interest rate of about 0.2%/day, equivalent to 6%/month. This is only a reference number because the interest rate will be affected by many factors: loan package details, borrower reputation score, market fluctuations…

If your credit score is high and your reputation is good, you will enjoy preferential interest rates. On the contrary, if you have a low credit rating, the interest rate applied to you will be higher because the risk you carry is greater.

Example of Utang online interest rate calculation

Example of Utang online approval:

• Loan amount: 2,000 PHP
• Term: 90 days.
• Interest rate: 0.2%/day.
• Fees payable: 0.2% x 90 x 2,000 = 180 PHP.
• Total amount payable at the end of the period: 2,000 + 180 = 2,180 PHP

Utang online loan requirements

To apply for a loan at Utang online you must meet the following conditions:

• Citizens of Philippine nationality, between the ages of 18 – 65 years old.
• Have one of the following identification documents licensed by the government: ID card, passport, driver’s license…
• Documents proving income: most recent 2 months salary slips, bank statements, labor contract…

Guide to register Utang online Loan Application Step-by-step

How to apply for a loan at Utang online? Below is the guiding process you can refer to:

Step #1: Download the Utang online loan application

Utang online app was developed to be compatible with all popular phone operating systems from iOS to Android.

Everything from downloading and installation is completely free.

Step #2: Register an account

After completing the installation, use your current phone number to register an account and set a password. Provide personal information to complete the registration procedure: Full name, bank account number, email address, current residential address, company you work for, salary…

Step #3: Upload documents and receive promotion notifications

Attach photos of documents to verify the information you declared above is correct. Note that photos must be clear and must not be edited or erased.

Step #4: Confirm loan and disbursement

Choose a loan package that suits your needs. Submit the application and wait for the approval result.

Normally, if your application is approved, within 24 hours, the money will be disbursed to your account.

​​Reviews Utang online online Loan App Feedback

Utang online review is rated 4.3 stars from clients in Philippines. Online Utang is legit and sec registered, not scam and good customer service.

Utang online loan app always receives a lot of support from customers who have experienced the product. Therefore, on the app’s homepage there are many impressive feedbacks.

​Utang online loan repayment

How to pay the Utang online loan? Online loan applications simplify everything from registration to payment. You can choose the payment method that suits you:

• Pay at all stores linked to the app such as M Lhuillier, 7-Eleven…
• Payment via e-wallets such as: Gcash, Grabpay…
• Direct transfer via Utang’s bank account online.

Compare Utang online loan App Philippines with other loan apps

Sources: Refer to Sate Bank reporting and research.

Utang online customer service

Utang online complaints will be resolved via contact information:

• Contact number : (+63928) 287-8883 / (+63966) 736-6557 (+632) 667-3193
• Email: info@asiasource.ph.
• Address:  U2204C East Tower PSEC, Exchange Road, Ortigas Center, Pasig City, Philippines 1605.

FAQs

Here are some questions to answer about Utang online:

Is Utang online legit?

Utang online operates legally under the management of Asiasource Financial, Inc with SEC Registration No. CS201412567 and certificate of authority no. 1085. This is a financial institution that has been operating for many years in the Philippine market. Therefore, reputation is unquestionable. If you have a loan here, please rest assured.

How do I prevent Utang online harassment?

As a lending unit that has been operating for many years, Utang online will not take actions to harass customers. If you receive calls from the app, they can only be calls to confirm loan status and payment reminders. Therefore, you should pay attention to the debt repayment deadline to avoid receiving such calls.

How to contact Utang online complaints?

Utang online has a system of customer service phone numbers (+63928) 287-8883 / (+63966) 736-6557 (+632) 667-3193. If you have any questions, you can immediately call the hotline for advice and answers.

In conclusion – Should you Apply to Utang online App?

Utang online is one of the top choices in the Philippines because:

• Simple application process and procedures.
• Interest rates.
• There are many incentive programs for loyal customers and customers with good credit scores.

Utang online is the optimal financial solution for every home. If you are having financial difficulties that need immediate resolution, consider this online loan application.

Hope you have more right choices.

Don’t hesitate to rate 5 stars and leave positive comments below the article!