Guide on UnionBank Cash Loan Payments Process & Fees
UNIONBANK CASH LOAN PAYMENTS – Here is a guide on how to pay for your loan monthly due and the service charges implemented in different channels.
It is important to pay for your loan on time to avoid penalties. Your monthly amortization already has an interest so it might hurt you more financially if you would incur late payment penalties. There are even individuals who do wise moves by looking for ways to get away from service charges in paying their dues.
With regards to the UnionBank Cash Loan payments, there are ways to have free service in paying for your loan due. There are also modes that would cost you little amounts and you can check on them below.
There are ways to get away from the UnionBank Cash Loan payments. The following mode of payments have no service charge:
- Automatic Debit Arrangement — Make sure that your UnionBank payroll/current/savings account has the amount at least equal to your loan monthly due so the payment will be collected without any charge.
- Pay over-the-counter at any UnionBank branch nationwide.
- You can pay through the UnionBank Online app or website:
- Go to the “Pay Bills” section and choose UBP Quickloans from the available billers.
- Input your name and the account number associated with your loan.
- Enter the payment amount.
- Select the current or savings account that will be debited for the payment.
- Thoroughly review the payment details and confirm the transaction.
- Input the One-Time Password (OTP) generated by your UB Online app or sent to your mobile number, then click the submit button.
You may also pay for your UnionBank Cash Loan payments through your other bank accounts or e-wallets via UPAY. Here are the charges under these modes of payments:
- Instapay (₱15.00 service fee)
- Pesonet (₱25.00 service fee)
Another mode of paying for your loan is through your GCash or Paymaya account. The service charge is P15 per transaction. To pay using these channels, simply follow these steps:
- Open the app.
- Access the “Pay Bills” section and proceed to the “Loans” category.
- Opt for UnionBank Quick Loans from the provided billers’ list.
- Input your loan account number, payment amount, and name.
You may also read — UnionBank Transfer Fees: Guide on Charges for Fund Transfer & Other Transactions