Guide on UnionBank Cash Loan 2025 Monthly Installments
UNIONBANK CASH LOAN 2025 – If you will borrow Php 2 million 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 has the capacity to provide for the huge amount of cash that you need? In the Philippines, one of the reputable banking entities that you may turn to for huge loanable amounts is the UnionBank.
The UnionBank is operating in the Philippines since 1968. It is one of the oldest banks in the country and it started its commercial operations in 1968. Through the years, the bank did not only multiple its offers but as well as expanded the features of its every financial product.
UnionBank caters to both personal and corporate banking needs. It got different kinds of bank accounts, debit and credit cards, loans, as well as insurance offers. If you are in need of cash, it is best to check the details of the Personal Loan offer below.
The UnionBank Personal Loan 2025 is a multi-purpose cash loan offer of the bank. It can finance a huge need for cash as well as multiple purposes under a single loan offer. You don’t need to provide a collateral or have a guarantor to qualify for the loan offer.
Also, there is only a short list of eligibility requirements in applying for the UnionBank cash loan offer. The loan applicant should meet the following qualifications to be eligible to apply 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 has a fixed range but the amount allowed for borrowing is under certain considerations like the capacity of the borrower to pay for the loan. The monthly due will vary not only based on the loan amount but as well as the loan term.
The loan can be paid up to 60 months or five (5) years. If you want to borrow P2 million, here is a guide on the monthly installment under the UnionBank cash loan offer:
| Loan Term | Monthly Installment | Interest Rate (per annum) |
|---|---|---|
| 60 months | ₱ 60,951.17 | ACR 26.9% |
| 48 months | ₱ 68,451.22 | ACR 26.9% |
| 36 months | ₱ 81,543.17 | ACR 26.9% |
| 24 months | ₱ 108,659.09 | ACR 26.9% |
| 12 months | ₱ 191,937.23 | ACR 26.9% |
How about the charges and fees under the Personal Loan offer? It is important to know the deductions that may take place as well as the charges that may be applied under a UnionBank cash loan offer. Here is a guide:
| 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 interested to apply to the UnionBank loan offer? Here is a guide on the documents that you must prepare based on your source of income or nationality: