Established in 1993, UOB Malaysia was merged with the Lee Wah Bank in 1994 to act as a unit. Lee Wah Bank was founded in 1920 in Singapore, and its first branch in Malaysia was opened in 1956. In 1973, Lee Wah Bank became a subsidiary of UOB and was merged with UOB Malaysia in […]Visit site
Established in 1993, UOB Malaysia was merged with the Lee Wah Bank in 1994 to act as a unit. Lee Wah Bank was founded in 1920 in Singapore, and its first branch in Malaysia was opened in 1956. In 1973, Lee Wah Bank became a subsidiary of UOB and was merged with UOB Malaysia in 1994.
The UOB Group first started its operations in the Philippines in November 1999, when UOB Limited acquired a 60% of shares in Westmont Bank’s domestic bank United Overseas Bank Philippines ("UOBP"). In July 2002, the shares were increased to 100%, and in 2006, the UOBP was transformed from a commercial bank into a subsidiary company, which sold 66 BDO Unibank branches. UOBP continued to operate in one place, providing wholesale banking products and services. The UOB Limited (“UOBL”) applied for a branch license in accordance with the new law on banks, adopted in July 2014, which permits the conversion of UOBP from a wholly owned subsidiary to a commercial bank branch.
On August 26, 2015, the Bangko Sentral ng Pilipinas approved the UOBL to register a branch in the Philippines called United Overseas Bank Limited, the Manila branch, and on November 12, 2015 received a business license from the Securities and Exchange Commission.The Manila branch of the UOBL began operations on January 4, 2016 and offers a range of commercial banking products and services.
Rates: From 2% per month
Minimum loan amount: 1 000 000 PHP
Maximum loan amount: 5 000 000 PHP
Payment terms: Up to 1 year
Approval time: 5-10 banking days
Duly registered to operate as a business in the Philippines;
Must have been operating for at least 3 years, and profitable for the latest 1 year;
Must have no outstanding debt that exceeds 40% the company’s monthly income;
Each franchise loan must be tied to the business’ primary owner; for partnerships/corporations, this means:
Owner with simple majority (individual with the single largest stake in the company) must provide details and sign off on the loan application form, and ultimately be the signatory in the surety agreement prior to loan booking
If simple majority is shared across multiple owners, only (1) of them is required to sign off on the loan
|Full company name||United Overseas Bank Limited, Manila Branch|
|Address||United Overseas Bank Limited, Manila Branch 17th Floor, Pacific Star Bldg., Sen. Gil Puyat Ave., Cor. Makati Ave., Makati City, Philippines|
|Phone number||(632) 548-6400; Fax: (632) 811-6196 Cash register: (632) 548-6416 Marketing: (632) 548-6408, (632) 548-6444|
I have had 2 car loans with UOB and both times it was quick, easy and I got the payment fast. It made me a cash buyer and made it easy to get a good deal without the dealer finance messing around.
this bank helps when there is bad time on me and my business was in trouble it has a pretty simple and easy procedures so it helps me that's why i am specially writing that review .