Guide on UnionBank Cash Loan 2025 Monthly Installments
UNIONBANK CASH LOAN 2025 – If you will borrow Php 600,000, here is a guide on the monthly due based on the loan terms set by the UnionBank Philippines.
Nowadays, the Filipinos people have many options in times of financial needs. Among these are cash loans offered by the different banks and lending entities. There are banks that continuously prove their credibility to the people for several years now.
In the Philippines, one of the trusted banking entities that you can turn to for loans is the UnionBank. It is in the service of millions of Filipino people for decades now providing bank accounts of different kinds, loans, credit cards, and many other financial products.
One of the loan offers of the reputable bank is the UnionBank Personal Loan 2025 or also called the UnionBank cash loan offer. It is a multi-purpose loan offer that you can turn to for personal purchases, travel, boosting a business capital, throwing an event, etc. It is open for both employed and self-employed individuals.
The UnionBank cash loan offer is non-collateral and does not require a guarantor for the application. Furthermore, there are only a few eligibility requirements to qualify for the loan offer.
Here are the eligibility requirements that a loan applicant must meet to qualify for the Personal Loan offer of UnionBank:
- 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
How much is loanable under the UnionBank cash loan offer? The UnionBank Personal Loan amount allowed for borrowing actually varies although the bank has set the maximum loanable amount.
Meanwhile, you can an idea ahead of time on the monthly amortizations for specific loanable amounts if you are planning to apply for the loan offer. For example, in the case of borrow P600,000.00 under the UnionBank cash loan offer, here is a guide on the estimated monthly installment:
| Loan Term | Monthly Installment | Interest Rate (per annum) |
|---|---|---|
| 60 months | ₱ 18,285.35 | ACR 26.9% |
| 48 months | ₱ 20,535.37 | ACR 26.9% |
| 36 months | ₱ 24,462.95 | ACR 26.9% |
| 24 months | ₱ 32,597.73 | ACR 26.9% |
| 12 months | ₱ 57,581.17 | ACR 26.9% |
Like in other loans even those that are under the other banking entities, there are fees and charges. In the case of the UnionBank Personal Loan offer, here’s what you need to know before applying for the loan:
| 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” |
Do you want to apply for the UnionBank loan offer? There are documents that you need to prepare and submit to the bank. The list of required documents depend if you are an employed or a self-employed Filipino or a foreign national.