Guide on UnionBank Cash Loan 2025 Monthly Installments
UNIONBANK CASH LOAN 2025 – If you will borrow Php 500,000, here is a guide on the monthly due based on the loan terms set by the UnionBank Philippines.
There are several reputable banks in the Philippines and one of them is UnionBank which is in the service of the Filipino people for several years now. It provides financial products of different kinds and embellished with excellent features for qualified individuals.
Is there a UnionBank branch near you? The banking entity trusted by millions of Filipinos have several branches across the nation, thus, its offers are really accessible. It does not only have different bank accounts but as well as loan offers.
One of the loans offered by the banking entity is the UnionBank Personal Loan 2025, a multi-purpose cash loan offer designed to help meet multiple cash needs under a single loan offer. It is a non-collateral loan offer, thus, you do not need to use any of your properties as the collateral in applying for the loan.
Furthermore, the application to the UnionBank cash loan offer also does not require a guarantor. Here are the qualifications that an applicant should meet to qualify for 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 is up to P2 million but the exact loanable amount is on a case-to-case basis depending on certain factors. Meanwhile, do you want to borrow half a million Pesos?
Here is a guide on the monthly due if you will borrow P500,000.00 under the UnionBank cash loan offer:
| Loan Term | Monthly Installment | Interest Rate (per annum) |
|---|---|---|
| 60 months | ₱ 15,237.79 | ACR 26.9% |
| 48 months | ₱ 17,112.80 | ACR 26.9% |
| 36 months | ₱ 20,385.79 | ACR 26.9% |
| 24 months | ₱ 27,164.77 | ACR 26.9% |
| 12 months | ₱ 47,984.31 | ACR 26.9% |
It is important to note that there are fees and charges under the UnionBank cash loan offer like in other loan products offered by the bank. Here are the fees that you must be aware of:
| 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” |
To apply for the UnionBank loan offer, prepare the documents required by the bank and submit it to a branch of the bank nearest to you.