If you are looking for financing and do not want to fall into paperwork and paperwork in banks, Utanggusto is a financial institution that offers loans for your business .
Utanggusto grants financing to individuals, individuals with business activity or legal persons.
|Minimum amount||$ 200,000|
|Maximum amount||$ 6,000,000|
|Term||Between 12 and 36 months|
|Annual interest rate||26% to 35%|
What requirements do you ask me in Utanggusto to lend me?
To be a candidate for a loan you must:
- Having a Business.
- Have a real estate guarantee free of encumbrance (can not be mortgaged by any entity or individual).
Can I check income with another person’s physical or moral?
Yes, you can have solidarity obligations that help the level of income that you present for the analysis of your loan.
They can be friends, relatives, partners, among others. Any natural or legal person, who agrees, can help you improve the profile of the application.
How much money can I borrow and at what time?
In Utanggusto the range goes from $ 200,000 to $ 6,000,000 pesos and if you pay on time, and decide to take another loan for your business, you can access better terms.
The deadlines range from 12 months to 36 months to return it.
How do I apply for a loan at Utanggusto?
It’s very simple, you just have to:
- Enter the main page of Utanggusto
- Click on “Request”.
- Complete all fields of the form (be sure to complete the application process).
How long does Utanggusto take to approve it?
If the documentation you provide is correct and verifiable, and the legal processes of each state of the Republic allow it, you will have the loan in your account between 4 to 12 business days.
If I have a valid loan, can I request another one?
One of the advantages offered by Utanggusto is that you can, as long as you have repayment capacity and do not show levels of over-indebtedness.
What interest rate do they apply to the loans?
The interest rate of Utanggusto varies in a range of 26% to 35% + VAT. However, it is possible to lower the interest rate if you make your payments on time on your first loan.
In addition, if you recommend friends or family, you can download up to 5% for each of the references you make to Utanggusto.
To determine your interest rates are taken different factors such as the stability of your business, your debt and cash flow and your credit history.
What is the CAT of my loan?
The ” Utanggusto PyME ” loans have an average CAT of 36.2% without VAT.
How much is the commission for opening in Utanggusto?
The opening commission is 5%.
Where do I make the monthly deposits to pay my loan?
With post dated checks to be amortizing the loans month by month. Four business days before your due date they will call you to let you know they will deposit the check.
Can I advance my payments?
Yes, without any commission or penalty.
Are promissory notes signed?
Yes, in addition to contracts and checks, promissory notes are signed
I have to make an advance. What is the amount?
The advance is $ 6,000 + VAT to formalize your loan that is composed as follows:
- $ 2,000 + VAT that will be used to carry out an independent appraisal of the property in guarantee
- $ 4,000 + VAT to manage the certificate of freedom of ownership of the property.
Utanggusto is reliable?
Before the comments on Utanggusto where they consult if it is reliable , we clarify that the company is registered as ASAPLOAN SAPI de JV, SOFOM, ENR and is authorized to operate.
In addition, the product information where credibility reviews can be observed are available in the Bureau of Financial Institutions.