Guide on UnionBank Cash Loan 2025 Monthly Installments
UNIONBANK CASH LOAN 2025 – If you will borrow Php 200,000, here is a guide on the monthly due based on the loan terms set by the UnionBank Philippines.
Are you looking for a bank that can provide you with a solution for your financial needs? In the Philippines, there are many entities that you may turn to. One of the trusted banking companies is the UnionBank.
UnionBank is operating in the Philippines for several years now since 1981. It was previously known as Union Savings and Mortgage Bank. It became a commercial bank in 1982 and has continuously grown its offers through the years.
UnionBank offers several bank accounts, loans, credit cards, and many other finance products. Its offers encompass the personal, SME, and corporate categories. It also got wealth and investment offers.
One of the loans that many clients have availed is the UnionBank Personal Loan 2025. It is a multi-purpose cash loan that is non-collateral and does not need a guarantor for application. Under the loan offer, you can enjoy low monthly installments as the loan term can be stretched to up to five (5) years.
The UnionBank cash loan offer is open for both Filipino residents and local resident foreigners with a valid Philippine billing address. The loan applicant must be at least 21 years old but not more than 65 years old at the time of the loan application to qualify for the offer.
Furthermore, the loan applicant must be a principal credit cardholder with a Tax Payer’s Identification Number (TIN) and a minimum gross annual income of Php 250,000. Are you interested to apply for the loan offer?
With regards to the loanable amount under the UnionBank Personal Loan offer, there is a huge maximum amount allowed for borrowing but the bank considers certain factors like the income of the borrower.
Meanwhile, do you want to borrow Php 200,000 under the UnionBank cash loan offer? You can check the estimate monthly dues even prior to apply for the Personal Loan offer. Here is a guide on the monthly installments based on the loan term:
| Loan Term | Monthly Installment | Interest Rate (per annum) |
|---|---|---|
| 60 months | ₱ 6,095.12 | ACR 26.9% |
| 48 months | ₱ 6,845.12 | ACR 26.9% |
| 36 months | ₱ 8,154.32 | ACR 26.9% |
| 24 months | ₱ 10,865.91 | ACR 26.9% |
| 12 months | ₱ 19,193.72 | ACR 26.9% |
Under the Personal Loan offer, there are service charges as well as fees that every loan applicant must know. Here is a guide on the important numbers that UnionBank implements on certain cases:
| 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” |
The UnionBank Philippines has set different requirements depending on the source of income of the loan applicant. Here is a guide on the documents that the bank requires for the loan application: