Guide on UnionBank Cash Loan 2025 Monthly Installments
UNIONBANK CASH LOAN 2025 – If you will borrow Php 400,000, here is a guide on the monthly due based on the loan terms set by the UnionBank Philippines.
In the Philippines, there are banks that have earned the trust of countless Filipinos for delivering quality service for decades now. One of them is the UnionBank of the Philippines or also called the UBP. It was previously known as the Union Savings and Mortgage Bank.
UnionBank started operating in the Philippines in 1968. In 1992, the bank became a universal banking entity and it was followed by events of merging with other trusted entities. Through the years, it continuously grow its offers as well as the features of each offer. It has several loan offers.
Aside from the UnionBank Credit Card offers, the bank also has loan offers. One of them is the UnionBank Personal Loan 2025 or also known as the UnionBank cash loan offer. It is a multi-purpose loan that is non-collateral. The bank also does not require a guarantor for application.
Under the loan offer, you may apply for loan to make a personal purchase, travel, fund an event, get your car repaired, etc. The loan is payable for up to five (5) years and, once approved, you can get your money in as fast as five (5) minutes since the approval.
Who are qualified to apply for the UnionBank cash loan offer? Here are the eligibility requirements under the loan offer:
- a Filipino resident or a local resident foreigner with a valid Philippine billing address
- at least 21 to 65 years old
- a Tax Payer’s Identification Number (TIN)
- a principal credit cardholder
- with a minimum gross annual income of Php 250,000
The UnionBank Personal Loan amount allowed for borrowing varies. Meanwhile, you can check your possible monthly amortizations on specific amounts. For example, if you intend to borrow Php 400,000, here is a guide on the monthly dues and the interest rate per annum:
| Loan Term | Monthly Installment | Interest Rate (per annum) |
|---|---|---|
| 60 months | ₱ 12,190.23 | ACR 26.9% |
| 48 months | ₱ 13,690.24 | ACR 26.9% |
| 36 months | ₱ 16,308.63 | ACR 26.9% |
| 24 months | ₱ 21,731.82 | ACR 26.9% |
| 12 months | ₱ 38,387.45 | ACR 26.9% |
Here are the fees and the charges under the UnionBank cash loan offer:
| 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” |
In applying for the UnionBank loan offer, the documents required for application depend if the applicant is employed, self-employed, or a foreign national. Here’s a guide: