Guide on UCPB Loan Accrued Interest During Grace Period
UCPB LOAN ACCRUED INTEREST – Here is a guide on whether or not you may pay for the said interest to the United Coconut Planters Bank (UCPB) in staggered basis.
Amid the COVID-19 crisis, those individuals who are financially struggling and have loans to pay may turn to the mandate of the Republic Act No. 11494 or Bayanihan To Recover As One Act.
Also known as BARO, the said new loan mandates a 60-day grace period on loans and as well as credit card bill payments. Truths be told that a lot of people lost their jobs and their source of income amid the pandemic that the daily food expenses is truly a big challenge already.
If you have a loan to pay and you’re just trying to make ends meet, you may avail the 60-day grace period offer. Do you have an existing loan with United Coconut Planters Bank or UCPB?
UCPB is one of those banks that were quick to issue an announcement on its compliance to the mandated 60-day loan grace period. It covers the following existing loans:
- UCPB Auto Loan
- UCPB Home Loan
- UCPB Personal Loan
- UCPB Business Loan
According to UCPB, the loan accounts qualified for the grace period are those that are updated or with no existing dues. The qualified loan dues are those falling on September 15, 2020 to December 31, 2020.
Clients who wanted to avail the said offer must be aware that late payment charges are waived but there will be a UCPB loan accrued interest. The moratorium is a one-time offer.
The due for the UCPB loan accrued interest is after the coverage of the grace period. Meanwhile, according to the bank, it can be done in staggered bases.
Thank you for visiting our website. We hope we have helped you with regards to this UCPB offer. You may keep coming back for more informative guides.
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