Guide on UnionBank Cash Loan 2025 Monthly Installments
UNIONBANK CASH LOAN 2025 – If you will borrow Php 1 million, here is a guide on the monthly due based on the loan terms set by the UnionBank Philippines.
Are you in need of a huge amount of cash? Whether it is for the purpose of buying another car, getting your house another storey, funding the international studies of your child, or another purpose that requires a huge amount, the UnionBank is one of the entities that you can turn to.
The UnionBank which is operating in the Philippines for several years now do not only offer bank accounts and credit cards but as well as loans. It can lend you millions as long as you are qualified and has the capacity to repay the loan. This bank has earned the trust of millions of Filipinos not only across the nation but as well as abroad.
Aside from its Auto and Home loan offers, the bank also has the UnionBank Personal Loan 2025 or also called the UnionBank Cash Loan. It is a multi-purpose loan offer that can fund multiple purposes under a single debt. Are you interested to get a lot of things done and achieve multiple goals?
The UnionBank cash loan offer is open not only for Filipinos but as well as foreign nationals who meet the eligibility criteria set by the bank. To qualify for the Personal Loan offer, here are the eligibility requirements that applicant should meet:
- 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
With regards to the loanable amounts under the offer, it is sure that there is a wide range of UnionBank Personal Loan amount allowed for borrowing. If you want to borrow P1 million, here is a guide on the possible monthly due that you need to pay every month as well as the interest rate per year:
| Loan Term | Monthly Installment | Interest Rate (per annum) |
|---|---|---|
| 60 months | ₱ 30,475.59 | ACR 26.9% |
| 48 months | ₱ 34,225.61 | ACR 26.9% |
| 36 months | ₱ 40,771.59 | ACR 26.9% |
| 24 months | ₱ 54,329.55 | ACR 26.9% |
| 12 months | ₱ 95,968.62 | ACR 26.9% |
Aside from knowing the interest rate to be implemented under the UnionBank Cash Loan offer, it is also equally important to know the fees and the charges that may be implemented by the bank. Here is a guide on these details:
| 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” |
Are you ready to apply for the UnionBank loan offer? The documents required by the bank for the loan application depends if you are employed, self-employed, or a foreign national. Here’s a guide: