Guide on UnionBank Cash Loan 2026 Monthly Installments
UNIONBANK CASH LOAN 2026 – With a Php 2 million borrowed amount, here is a guide on the monthly due depending on the loan terms set by the UnionBank Philippines.
Nowadays, many people undeniably prefer borrowing money under personal or multi-purpose loans rather than other types of loan offers. Truth be told that this comes with different reasons just like lower interest rates. Are you looking for a trusted entity that you can turn to for a cash loan?
In the Philippines, one of the reputable entities that you may turn to for a cash loan offer is the UnionBank Philippines. It is operating in the country since 1981 and has earned the trust of countless Filipinos. It has a wide range of offers ranging from savings and checking accounts to different kinds of cards as well as loan offers.
With regards to the loan offers of the bank, one of the loans is the UnionBank Personal Loan. It is a multi-purpose cash loan that you may turn to for a personal purchase, traveling, expanding your business, hosting an event, etc.
Who are qualified to apply for the UnionBank cash loan offer? Just like in other loans, there is a set of eligibility criteria that an applicant should meet to qualify for the loan offer. In the case of the UnionBank Personal Loan, here are the qualifications:
- a Filipino resident or a local resident foreigner with a valid Philippine billing address
- at least 21 to 65 years old
- a Tax Payer’s Identification Number (TIN)
- a principal credit cardholder
- with a minimum gross annual income of Php 250,000
Furthermore, under the UnionBank Personal Loan offer, qualified borrowers may access up to ₱2 million. This loan offer is available to both employed and self-employed individuals, providing flexible financing for a wide range of needs.
Under the UnionBank cash loan offer, you can actually have an estimate of your monthly due based on specific amounts. If you wish to borrow Php 2 million, here are the monthly installments under the offer:
| Loan Term | Monthly Installment | Interest Rate (per annum) |
|---|---|---|
| 60 months | ₱ 60,951.17 | ACR 26.9% |
| 48 months | ₱ 68,451.22 | ACR 26.9% |
| 36 months | ₱ 81,543.17 | ACR 26.9% |
| 24 months | ₱ 108,659.09 | ACR 26.9% |
| 12 months | ₱ 191,937.23 | ACR 26.9% |
Like most loan offers of banks and financial institutions, the UnionBank cash loan offer carries certain fees and charges that may vary depending on the case. Applicants should keep the following in mind:
| Annual Contractual Rate | “Exact ACR will be indicated in the Disclosure Statement” |
| Disbursement Fee | P1,750 for each disbursement |
| Documentary Stamp Tax (DST) | P1.50 for every P200 of the amount, which is subject to applicable laws and regulations. |
| Effective Interest Rate | “Exact EIR will be indicated in the Disclosure Statement.” |
| Closure Handling Fee | 4% of the unbilled principal component of the loan that is prepaid. |
| Returned Check Fee | P1,500 will be charged for every check that is returned or that bounces due to insufficiency of funds, uncollected deposits, stop payment order, alterations or erasure, among others. |
| Monthly Late Charge | P500 or 6% of the Overdue Amount, whichever is higher. |
| Monthly Interest Charge | Interest computed using the monthly revolving interest of 2.42% |
| Attorney’s Fees & Other Judicial Expenses | “Cost of collection and/or attorney’s fees and the litigation and judicial expenses as applicable” |
Do you wish to apply for the loan offer of the UnionBank? You might to check on the UnionBank Loans and their amazing features.