Payment Extension Covers UnionBank Loans & Credit Card Dues Amid COVID-19 Crisis
UNIONBANK LOANS – The UnionBank Philippines offers payment extension for loan and credit card dues amid the COVID-19 pandemic.
Many households now are falling short their budgets due to the impact of the COVID-19 crisis. A lot of people lost their income for several months as community quarantines are implemented.
The movement of the people has to be limited to curb the spread of the disease. Previously, the entire Luzon and most provinces and cities in Visayas and Mindanao were under an Enhanced Community Quarantine (ECQ).
In line with the fight against COVID-19 spread, several non-essential businesses temporarily halted their operations. Many employers under a no-work-no-pay scheme and as well as employers lost their income.
Recognizing the financial struggles of a lot of people now, several banks offered grace period on loan and credit card payments. One of them is the UnionBank Philippines.
UnionBank loans and credit card dues are under a 30-day payment extension offer. The due date must fall between March 17 and May 31. If your due date is on May 6 and you availed the offer, your payment will be moved to June 6.
According to UnionBank, the said loan payment extension offer includes dues for auto loan, home loan, and quick cash loan. With regards to those who have auto-debit arrangement but wanted to avail the offer, the ADA is currently suspended by the bank until May 31.
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