List of the UCPB Salary Loan Fees & Charges Borrowers Must Prepare For
UCPB SALARY LOAN FEES – Here is a list of the charges implemented by the United Coconut Planters Bank under its salary loan offer.
Most banks in the Philippines now got salary loan offers. A lot of banking companies aim not only to help employees make ends meet but also to reach their personal goals. You may borrow for an amount, use it how you want to, and pay for it in installment to the bank.
One of the banks that have salary loan offers is the United Coconut Planters Bank or UCPB. They are opening the offer to applicants who are:
- Filipino citizens
- permanent residents in the country
- at least 23 years old but not more than 65 years old
- having a checking account or credit under the bank
Aside from the aforementioned eligibility qualifications, here are the standards set based on the employment status of the applicant. It is open for both employed and self-employed individuals.
For employed applicants, the applicant must be:
- a permanent employee for at least two(2) years in the current employment
- having a supervisory rank
- having a minimum gross monthly income of Php 30,000.00
For self-employed applicants, the applicant must be:
- having a business that is operational for at least three(3) years now
- having a business that is profitable for at least two(2) years now
Based on the official website of the bank, in applying for the said loan offer, applicants must prepare for the UCPB Salary Loan fees. The said charges can be paid by the borrower separately or have it deducted from the loan proceeds.
There are charges that will depend on the borrowed amount of the applicant. Here is a list of the UCPB Salary Loan fees:
- Handling Fee – Php 300.00
- Loan Certification – Php 300.00
- Certification of Payment History – Php 300.00
- Amendment on Term – Php 5,000.00
- Late Payment Penalty – 5% per month of the amount due
- Documentary Stamp Tax (DST)
- If the loan amount is Php 250,000.00 or less – No DST
- If the loan amount is higher than Php 250,000.00 – Php1.50 for every Php200.00 or a fraction thereof
You may apply for the salary loan offer of UCPB online. For a guide on how to do it, you may visit – APPLY UCPB SALARY LOAN – Online Application Form for UCPB Salary Loan.
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