UnionBank in the Philippines

The Union Bank of the Philippines, Inc. more commonly known as UnionBank, is one of the largest banks in the Philippines, ranking seventh in terms of assets after its successful merger with smaller competitor International Exchange Bank. UnionBank is a Philippine universal bank. Today multiple channels are available for transaction and information access: nationwide branch […]

Visit site
Union Bank of the Philippines https://upfinance.com/app/uploads/2019/08/unionbank-logo.jpg
UnionBank Plaza Bldg., Meralco Ave. corner Onyx St., Ortigas Center, Pasig City, Philippines
Metro Manila (+632) 841-8600 PLDT internal free 1-800-1888-2277 International free (IAC) + 800-8277-2273, customer.service@unionbankph.com
Interest rate 0.66% - 1.8%
Loan tenure from 1 to 240 months
Approval duration Up to 120 hours
Min. monthly income

Leading

Justo A. Ortiz (Chairman and CEO) Jon Ramon M. Aboitiz (Vice Chairman) Edwin R. Bautista (President and COO)

Product Features

Min. financing amount ₱ 1000
Max.financing amount ₱ 5000000
Min. loan tenure 1 months
Max. loan tenure 240 months

Credit

Home loan

Interest Rates: From 8.00% to 10% per annum
Minimum loan amount: 500 000 PHP
Maximum loan amount: Up to 80% of assessed value
Payment terms: 1-20 years
Approval time: 5 banking days

Calculate loan

Auto loan

Minimum loan amount: 500 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: 12 to 60 months
Approval time: 1 banking day
Down payment: As low as 20% of purchase price

Calculate loan

Quick Loans

Pre-qualified UnionBank payroll customers who are informed directly about their eligibility via SMS and email
Interest Rates: From 0.83% per month
Minimum loan amount: 1 000 PHP
Maximum loan amount: 250 000 PHP
Payment terms: 1-12 months
Approval time: 24 hours

Calculate loan

 

Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Borrower Requirements

Eligibility: 
– At least 21 years old at the time of application but not more than 65 years old upon loan maturity
Сitizenship:
– Must be a Filipino Citizen
– Must have an office or residence landline
If Employed:
– Minimum gross monthly income – 15 000 PHP
If Self-employed:
– With at least two (2) continuous years of profitable operations in the same line of business
– Minimum gross monthly income for Metro Manila – 30 000 PHP

Business loan

TERM OF CREDIT PAYMENT
12, 18, 24 or 36 months

MINIMUM CREDIT AMOUNT
PHP 1 000 000

MAXIMUM LOAN AMOUNT
PHP 5,000,000

No collateral required for loans up to P5,000,000
From processing to approval within 5 days
Loan income is automatically credited with the payment of funds.

Interest rates, term monthly

  • 12 months 1.50%
  • 18 months 1.60%
  • 24 months 1.90%
  • 36 months 1.95%
  • One-time commission Notary fee: PHP 2000
  • Notary fees for individual entrepreneurs PHP 400
  • Notary fees for PHP 800 Partnerships and Corporations
  • DST Approved loan amount / 200 * 1.50
  • Fine 3% overdue amount per month

Calculate loan

Deposited

There are a large number of dipozitnyh services:

1) Universal bank account:
Savings and current account in one
Free life insurance
EMV checkbook, bankbook and debit card

2) Easy Savings Account:
Low balance support
No intersectoral fees
Comes with a Mastercard debit and ATM card

3) Accounts in foreign currency:
High interest rates
Low initial balance
In USD and 8 other currencies

4) Long-term deposits:
In pesos, USD and RMB
Flexible accommodation conditions
Competitive interest rates

5) Savings on construction:
Up to 10 times higher interest rate
No lockout period
Up to 3 times a quarter
Base Interest Rate 0.50% 1.00%

Credit Card

Classic

Gold

Visa Platinum

Mastercard Platinum

Miles+ Platinum

PlayEveryday

Get Go

Get Go Platinum

Annual Fee (Principal)
P1,500 P2,500 P3,000 P3,000 P3,000 P1,500 P3,000 P5,000
Annual Fee (Supplementary)
P750 P1,250 P1,500 P1,500 P1,500 P750 P1,500 P2,500
Finance Charge
3.5% Monthly Effective Interest Rate which is computed based on the unpaid balance from previous statement. Payment of minimum amount due or any amount less than the total amount due from previous balance would automatically incur interest and/or other charges.
Late Payment Charge
P750
Credit Life Insurance Premium (U-Protect / U-Secure)
P0.36 (U-Protect) or P0.55 (U-Secure) will be charged for every P100 Outstanding Balance
Cash Advance Service Fee

6% of the transaction amount or P300, whichever is higher, except for corporate cards which is at 2.10% of transaction amount. If done over-the counter, an additional fee of P500 per transaction shall be charged. Finance Charge of 3.5% per month will also be due on each cash advance from the date of the advance until date of repayment in full (including unbilled charges). Cash Advance fee is considered in the derivation for Cash Advance EIR. Total Annual EIR for Cash Advance transaction is 46%++ for P5,000 and above transactions via ATM.

Overlimit Fee
P500 automatically billed to the cardholder on cycle date, when total transactions and system generated interest/charges exceed the credit limit.
Card Replacement Fee
P400 for every lost or damaged card
Sales Slip Retrieval Fee
P200 for every transaction slip requested
Returned Check Fee
P1,500 for every returned check
Dispute Fee
P1,000 for every valid dispute case
Refund Fee
P50 which covers the cost of processing of a refund request in Manager’s Check as a result of cardholder’s overpayment
Pre-Termination Fee
Applicable to all pre-terminated Installment Transactions; P500 or 5% of remaining principal balance, whichever is higher.
Service Fee for Foreign Currency Transactions
All charges made in currencies other than Philippines Peso (PhP) shall automatically be converted to the (PhP) billing currency on posting date at the prevailing exhange rate selected by Visa Int’l. This will be based on the range of rates available in the wholesale currency markets or the government-mandated rate if in effect. A 3% fee for Classic and Gold cards and 2% fee for Platinum cards will be added covering the cost of processing transactions in foreign currencies.
Gaming Fee
5% service fee shall be charged on gaming/gambling transactions and/or transactions made at gaming/gambling establishments, including placement of wagers, purchase of lottery tickets or other values in conjunction with any gaming or gambling activity.

UnionBank Platinum Mastercard

Get 1.5% cash back on everything. It’s that simple.

Cebu Pacific GetGo Platinum Credit Card

Exclusive travel benefits
Best earn rate of PHP30 VISA Spend = 1 GetGo Point
Priority Check-in
Free Extra 5kg Baggage Allowance
Free Airport Lounge Access
Free Travel Insurance
Exclusive Seat Sales
Early Alerts to Cebu Pacific and GetGo Seat Sales

UnionBank Miles+ Platinum Visa Card

Exclusive benefits
PHP 25 = 1 Point Earn Points from everyday spend
PHP 25 = 1.5 Points Earn Plus Points from travel-related spend
Flexible Redemption Options: Cash, PAL Mabuhay Miles, or CebuPacific GetGo Points

UnionBank Classic Visa Card

Exclusive benefits
Auto Bills Payment
0% Interest (Pay up to 36 monthly installment terms at 0% interest)
VISA payWave
Rewards (1 Point for every P35 spend)
Auto Insurance (Charge your auto insurance in installments)

Debet Card

Debit cards are distributed in full, cashback stocks, student variations and more. Only Mastercard cards are served.

Loan Installment

TERM OF CREDIT PAYMENT
12, 18, 24 or 36 months

MINIMUM CREDIT AMOUNT
PHP 1 000 000

MAXIMUM LOAN AMOUNT
PHP 5,000,000

No collateral required for loans up to P5,000,000
From processing to approval within 5 days
Loan income is automatically credited with the payment of funds.

Loan rate, term monthly

  • 12 months 1.50%
  • 18 months 1.60%
  • 24 months 1.90%
  • 36 months 1.95%
  • One-time commission Notary fee: PHP 2000
  • Notary fees for individual entrepreneurs PHP 400
  • Notary fees for PHP 800 Partnerships and Corporations
  • DST Approved loan amount / 200 * 1.50
  • Fine 3% overdue amount per month

FAQ

Minimum down payment is 20% of purchase price

Minimum loan amount – 500 000 PHP.

Documents confirming income and identification are the main requirements for obtaining a car loan.
Application form with filled in fields.
Copy of Passport or any ID ( SSS ID, Driver’s License, Voter’s ID)
Working borrowers must submit documents: certificates from the place of work or COE, a copy of payslip for 2 months, income tax return from BIR or ITR within 1 year.
Self-employed applicants must submit documents: a copy of the ITR with THE bir stamp , a copy of registration with the DTI or SEC, and a copy of financial statements for a period of at least 2 years .
After buying a car, you need to pay for insurance.

No

Initial registration is usually done by agents, so you get a copy of OR / CR. You must remember that the initial registration is valid for 3 years, so after that you need to renew it annually in LTO.

There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.

The longest loan period is 20 years.

Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check your solvency, this stage takes no more than 5 working days on average. Then the Bank will need to check the documents for the land or property you are buying, as well as make an assessment of it.

Pre-qualified UnionBank payroll customers who are informed directly about their eligibility via SMS and email.

Contacts

Full company name Union Bank of the Philippines
Address UnionBank Plaza Bldg., Meralco Ave. corner Onyx St., Ortigas Center, Pasig City, Philippines
Phone number Metro Manila (+632) 841-8600 PLDT internal free 1-800-1888-2277 International free (IAC) + 800-8277-2273
E-mail customer.service@unionbankph.com
Social networks

The Union Bank of the Philippines, Inc. more commonly known as UnionBank, is one of the largest banks in the Philippines, ranking seventh in terms of assets after its successful merger with smaller competitor International Exchange Bank. UnionBank is a Philippine universal bank. Today multiple channels are available for transaction and information access: nationwide branch network, on-site and off-site automated teller machines, a call center and Internet bank.
In strategic business, the bank is a provider of corporate cash management & B2B solutions to leading local and multinational companies operating in the country. Its other lines of business are in Treasury services & capital markets, Internet banking, consumer finance and distribution network. It caters mostly banking needs of upper middle to upper social class in the Philippines.

Users rating

Reviews

2 months ago

Loan

Hello

5 months ago

Unionbank, the best digital bank

Unionbank, the best digital bank that serves like an analog. Two tellers servicing a 6-teller booth. One is into big payroll transactions while the other goes in and out of his station for other matters that don't ease the long card queue of ordinary account holders in perpetual waiting.

1 year ago

Fine Working bank

Account opening and initial transfer went fine, but then I tried to move more money *in*. No matter what amount I seemed to try to transfer in it told me that it exceeded the "External Transfer Limit". But over all it is good

1 year ago

This Bank Is Have easy plans.

this company have good and easy plans and it customer who does not understand how banking stuff works he can get to know through it

Leave a review

Your rating

Characters remaining: 4096

Only our subscribers have access to the most profitable loans and deposits offers.