United Coconut Planters Bank in the Philippines
UCPB is a leading provider of financial products and services to corporations, private and government institutions, middle market companies, small– and medium-sized businesses, and individuals in the Philippines. Established in 1963, UCPB was the first private Philippine bank to become a universal bank, obtaining its expanded commercial banking license in 1981. Today, the Bank and […]
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Head Office
UCPB Corporate Offices, 7907 Makati Avenue, Makati City, PhilippinesProduct Features
| Min. financing amount | ₱ 50000 |
| Max.financing amount | ₱ 20000000 |
| Min. loan tenure | 12 months |
| Max. loan tenure | 240 months |
Credit
Home loan
| years | 1 | 2-3 | 4-5 |
| fixed rates APR | 6% | 6,75% | 7,5% |
Minimum loan amount: 500 000 PHP
Maximum loan amount: Up to 80% of assessed value
Payment terms: Up to 20 years
Approval time: 5 banking days
Calculate loanAuto loan
| months | 12 | 18 | 24 | 36 | 48 | 60 |
| fixed rates APR | 9,97% | 10,17% | 10,9% | 11% | 11,05% | 11,45% |
Minimum loan amount: 100 000 PHP
Maximum loan amount: Brand new: up to 80% of purchase price
Second hand: up to 70% of appraised value
Payment terms: Brand New: 12 to 60 months
Second hand: 12 to 36 months
Approval time: 1 banking day
Down payment: As low as 20% of purchase price
You can apply for a Multipurpose loan (your existing vehicle will be your guarantee).
Salary loan
Interest Rates: 1 year – 33.52% 2 years – 35.15% 3 years – 34.03%
Minimum loan amount: 50 000 PHP
Maximum loan amount: 300 000 PHP
Payment terms: Up to 36 months
Approval time: 1 – 3 banking days
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
Additional Requirements:
For employed applicants:
– Photocopy of company ID
– Latest payslips for one month
– Latest ITR form 2316
For self-employed applicants:
– 2 years latest audited financial statements and ITR
– Business registration documents and permits
– Copy of checking account statement for the last 6 months
Business loan
Small Business Loan
Rates: 1 year – 33.52% 2 years – 35.15% 3 years – 34.03%
Minimum loan amount: 500 000 PHP
Maximum loan amount: 15 000 000 PHP
Acceptable collaterals: Residential properties
Commercial properties
Industrial properties
** Loan valuation is in accordance with existing guidelines
Payment terms: 1-10 years
Approval time: 3 – 7 banking days
BizEasy Franchise Loan
Rates: 1-2 years – 27.6% 3 years – 26.93%
Minimum loan amount: 100 000 PHP
Maximum loan amount: 1 000 000 PHP
up to 60% of the Total Investment Cost (Franchise Fees, Construction Costs, other capital expenses)
Acceptable collaterals: Residential properties
Commercial properties
Industrial properties
** Loan valuation is in accordance with existing guidelines
Payment terms: 1-3 years
Approval time: 3 – 7 banking days
FAQ
Yes, of course, you can apply for a Multipurpose loan (your existing vehicle will be your guarantee).
No, the car is your property from the moment of purchase, but remains the bank’s guarantee for the loan period. This means that you cannot sell the car, and you also have to pay for car insurance so that the bank can receive its money in any case.
If you have been employed or in business for the last 2 years with a minimum gross monthly income of P30,000.00, you are qualified to apply for a UCPB Auto Loan.
For Brand New vehicles:
- Minimum of 1 year
- Maximum of 5 years
For Second Hand or Refinanced Vehicles:
- Minimum of 1 year
- Maximum of 3 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.
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.
Because a car loan is a secured loan, and the salary loan – no. Accordingly, the higher the risk of non-repayment of the loan from the bank, the higher the interest rate on such loans.
Qualifications:
- If you are a Filipino citizen and a permanent resident at least 23 years old or not more than 65 years old (70 years old if self-employed) upon maturity, and
- If you are a checking account holder and a major credit card holder, and
- If you have been a permanent employee for at least 2 years with supervisory rank and a minimum gross monthly income of P30,000.00, or
- If you have been self employed with a business operational for at least 3 years and profitable for the last 2 years
The maximum loan amount depends on your income and the duration of the loan. Under Philippine law, a loan payment cannot exceed 30% of income.
Contacts
| Full company name | United Coconut Planters Bank |
| Address | UCPB Corporate Offices, 7907 Makati Avenue, Makati City, Philippines |
| Phone number | (02) 8811-9000 |
| crc@ucpb.com, loans@ucpb.com, corporatehelpdesk@ucpb.com | |
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UCPB is a leading provider of financial products and services to corporations, private and government institutions, middle market companies, small– and medium-sized businesses, and individuals in the Philippines.
Established in 1963, UCPB was the first private Philippine bank to become a universal bank, obtaining its expanded commercial banking license in 1981.
Today, the Bank and its subsidiaries operate nationwide delivering a full range of expanded commercial banking services to a highly diversified clientele. It has strong capabilities in consumer finance, commercial credit, corporate and investment banking, trust banking, domestic and international trade finance, treasury and money market investment, cash management and deposit services.
UCPB has always been at the forefront of customer service innovations. It was among the first banks to introduce an ATM service in the late 1980s. It has since expanded its electronic banking capability with internet banking and mobile banking facilities.
