Guide on How Much Is the Monthly Payment for 100K Loan Amoungt Under UCPB Salary Loan
UCPB SALARY LOAN – Here is a guide on how much you must pay monthly under the United Coconut Planters Bank’s salary loan offer if you will borrow Php 100,000.00.
Undeniably, no matter how much we earn or how much money we have in the bank, there will be instances that we will be needing some extra funds. This usually happens when there is a medical emergency or an unforeseen incident took place.
Meanwhile, there are a lot of options that can help us solve the financial problem. Some of these are the loans offered by the different banks in the Philippines. The United Coconut Planters Bank (UCPB) is one of these banks.
For a multi-purpose loan offer, you may refer to UCPB Salary Loan. To be eligible to apply for it, the borrower must be:
- a Filipino citizen and a permanent resident in the Philippines
- between 23 to 65 years old
- employed on a permanent status or running a profitable business for at least five (5) years already
- holding a checking account and a credit card
With regards to how much you can borrow under this loan offer, it will depend on the approval of the bank. Here are the minimum and maximum loanable amounts under the said offer:
- Minimum Loanable Amount – Php 50,000.00
- Maximum Loanable Amount – Php 300,000.00
What if I will borrow Php 100,000.00 under the UCPB Salary Loan, how much do I have to pay for monthly?
Your monthly amortization will depend on the amount, the loan term, and the interest rate of the bank at the time of the application. For Php 100,000.00 loan under the UCPB Salary Loan, here are the indicative rates of how much you must pay for monthly:
- 12 Months – Php 9,924.00
- 18 Months – Php 7,146.00
- 24 Months – Php 5,857.00
- 36 Months – Php 4,468.00
Di you want to apply for the said loan offer? For a guide on the process and the requirements that you must prepare, you may visit – UCPB SALARY LOAN – How To Apply & Requirements To Prepare.
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