Guide on UnionBank Cash Loan 2025 Monthly Installments
UNIONBANK CASH LOAN 2025 – If you will borrow Php 800,000, here is a guide on the monthly due based on the loan terms set by the UnionBank Philippines.
When dealing with private entities to obtain financial solutions, one of the best move is to find a reputable loan provider like banks that are in the service of many people for decades now. In the Philippines, one of the trusted banks is the UnionBank.
The UnionBank has earned the trust of millions of Filipinos with its offers that are packed with excellent features. It got different kinds of bank accounts, credit cards, loans, and many more financial product offers.
One of the loan offers of the reputable banking entity is the UnionBank Personal Loan 2025. It is a multi-purpose cash loan offer that you may turn to for your travel fund, business needs, car repair, personal purchase, etc. It is a non-collateral loan offer and it also does not require a guarantor.
The UnionBank Philippines has set a few qualifications in applying for the cash loan offer. Here are the eligibility requirements that an applicant must 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
How much is loanable under the offer? The UnionBank Personal Loan amount allowed for borrowing has a pretty wide range up to P2 million. You may check your possible monthly dues under the UnionBank Cash Loan offer based on a specific loan amount.
If you want to borrow P800,000, here is a guide on the estimated monthly amortization depending on the loan term:
| Loan Term | Monthly Installment | Interest Rate (per annum) |
|---|---|---|
| 60 months | ₱ 24,380.47 | ACR 26.9% |
| 48 months | ₱ 27,380.49 | ACR 26.9% |
| 36 months | ₱ 32,617.27 | ACR 26.9% |
| 24 months | ₱ 43,463.64 | ACR 26.9% |
| 12 months | ₱ 76,774.89 | ACR 26.9% |
Before deciding on the amount to borrow, it is important to also check on the fees and charges set by the loan provider. Under the UnionBank Personal Loan offer, here are the fees and charges that may be applied:
| 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 requirements are dependent on whether you are a salaried individual, a non-salaried one, or a foreign national.