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How to Pay UnionBank Quick Loan

UnionBank, also known as the Union Bank of the Philippines, is considered to be one of the largest banks in the whole Asian region for many years. In fact, at the Asian Banking and Finance (ABF)’s Retail Banking Awards 2021, UnionBank has been awarded the SME Bank of the Philippines Year 2021. This only justifies UnionBank’s position as the leading bank in the Philippines and one of the largest banks internationally.

Now, with its increasing number of banking customers, UnionBank has partnered with several institutions to improve customer experience. The bank did not only create a platform that offers a fast and convenient digital application process but also created a unified payment system for easy collection.

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Written by: Piggyy

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How to Pay UnionBank Quick Loan

 

Generally, borrowers do not need to worry about the schedule and the mode of payment as it will be debited automatically from their account but knowing other payment options is beneficial for better understanding of the quick loan borrowers should the ADA (Automatic Debit Arrangement) fail. 

Below are the options on how to pay UnionBank quick loan: 

 

Free UnionBank Payment Options

  1. Leave money in your UnionBank payroll/current/savings account for auto-debiting and your payment will be automatically collected on your due date or the payroll date nearest the due date.
  2. Pay over-the-counter at any UnionBank branches nationwide.
  3. Pay through the UnionBank Online app or website:
    1. Go to “Pay Bills” and choose UBP Quickloans from the biller’s list
    2. Enter your name and loan account number
    3. Enter payment amount
    4. Select the current/savings account that will be debited for the payment
    5. Verify the payment details and confirm payment
    6. Enter the OTP that was generated by your UB Online app or sent to your mobile number
    7. Tap/click submit

 

Pay through your other bank accounts or e-wallets via UPAY

  1. Instapay
  2. Pesonet 

Please be reminded that there will be a service fee amounting to ₱15.00 for Instapay and ₱25.00 for Pesonet for every transaction. 

 

Pay with UnionBank’s payment partners (₱15.00 service fee charged by the payment partner)

  1. Pay with ECPay in any of the 9,000+ partner outlets nationwide, including 7-Eleven branches and various pawnshops. You may also opt to visit this website for the nearest ECPay partner. 
  2. Pay with GCash or Paymaya:
    1. Open the app
    2. Go to “Pay Bills” then “Loans”
    3. Select UnionBank Quick Loans from the billers list
    4. Enter your loan account number, amount to pay, and name

 

How to Pay UnionBank Quick Loan after the Due Date

 

Borrowers may still opt to use any of the above-mentioned payment options. But for the payment made after the due date, any type of deposit transaction such as fund transfer, cash, or check deposits may not be recognized as a payment or may not be immediately debited by the system. 

Therefore, borrowers must send an email at [email protected] with the details below including the proof of payment for the bank to properly process the payment. 

Subject: Manual Debiting Request

  • Full Name
  • Payroll Account Number 
  • Loan Account Number 
  • Amount to be debited 

 

Conclusion

While a quick loan with UnionBank can be a financial lifeline in some cases, customers should be aware of the responsibility that comes with it. Nevertheless, UnionBank is constantly developing solutions to meet its customers’ growing demands.  

Piggyy

״The secret of happiness, is not found in seeking more, but in developing the capacity to enjoy less״ - Socrates

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