Get To Know the UnionBank Cash Loan 2026 Features & Application
UNIONBANK CASH LOAN 2026 – Here is a guide on your monthly amortization if you will borrow P2 million under the bank’s Personal Loan.
Throughout the Philippines, reliable banks are among the preferred options when it comes to dealing with financial concerns. UnionBank Philippines is recognized as one of the trusted institutions that has been operating for many years.
Since its founding in 1981, UnionBank Philippines has been supporting the financial needs of Filipinos. Its products include personal and corporate accounts, loan facilities, and credit card services. Insurance policies are also part of its portfolio.
UnionBank Philippines offers several loan programs designed for different purposes. One of these is the UnionBank Personal Loan, a multi-purpose cash loan. You may apply for it to make a personal purchase, travel, host an event, or repair your car.
There is a limited set of qualifications in applying for the UnionBank cash loan. To be eligible for the offer, the applicant must comply with the following requirements:
- 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 offers a loanable amount reaching ₱2 million. Alongside this, the monthly due details are made available under the UnionBank cash loan offer.
Here’s a guide on your monthly amortization if you will borrow P2 million:
| 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% |
Borrowers should keep in mind that UnionBank sets fees and charges within the cash loan offer. Here is the 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” |
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