Guide on UnionBank Cash Loan 2026 Monthly Installments
UNIONBANK CASH LOAN 2026 – With a Php 700,000 borrowed amount, here is a guide on the monthly due depending on the loan terms set by the UnionBank Philippines.
Are you in need of quite a huge amount? In the Philippines, there are undeniably several loan providers but not all of them can provide a huge amount. If you are in need of an amount that is hundreds of thousands or even millions, the best entities to turn to are the banks.
One of the trusted banks in the Philippines is the UnionBank. It is operating in the country since 1981 and countless Filipinos are solid clients of the bank for several years now. Through the years, the bank has continuously expanded its offers and made sure they got the best features.
Aside from the personal and corporate savings and checking bank accounts, UnionBank also got credit cards, loans, and insurance policies. With regards to its loan offers, the one with the most flexibility is the UnionBank Personal Loan.
The UnionBank Personal Loan is a multi-purpose cash loan offer. You may apply for it for your pocket money in traveling, to make a personal purchase, for business expansion, to get your car improved, etc.
There are only a few qualifications under this UnionBank cash loan offer. To be eligible to apply for the loan, the applicant should meet the following eligibility criteria:
- 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 allowed for borrowing under the offer? The loanable amount under the UnionBank Personal Loan is actually up to Php 2 million. Do you wish to borrow Php 700,000 under the loan offer?
You can actually check the estimated monthly installment even prior to the application for the loan. For example, if you intend to borrow Php 700,000, here is a guide on the monthly dues and the interest rate per annum:
| Loan Term | Monthly Installment | Interest Rate (per annum) |
|---|---|---|
| 60 months | ₱ 21,332.91 | ACR 26.9% |
| 48 months | ₱ 23,957.93 | ACR 26.9% |
| 36 months | ₱ 28,540.11 | ACR 26.9% |
| 24 months | ₱ 38,030.68 | ACR 26.9% |
| 12 months | ₱ 67,178.03 | ACR 26.9% |
The UnionBank Philippines implement fees and charges under its Personal Loan offer. Here’s 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” |
Do you wish to apply for the loan offer of the UnionBank? You might to check on the UnionBank Loans and their amazing features.