United Coconut Planters Bank (UCPB) Review

Company Information

The United Coconut Planters Bank (UCPB) was first established in the Philippines in 1963. Since then, they have become the 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. 

They take pride in the 4 strengths that they live by every day:

• Superior customer service and a group-wide focus on total customer satisfaction;
• Extensive service delivery network covering all the important and emerging urban centers nationwide;
• Intimate knowledge of the Philippine business and financial markets gained from over four decades of existence; and
• A firm commitment to promoting the welfare of small coconut farmers and the communities where it operates.

The registered office of UCPB is at UCPB Corporate Offices, 7907 Makati Avenue, Makati City. Their customer service for general concerns may be contacted at (02) 8811-9111 or 1-800-1-888-9777 (toll-free from any PLDT landline), customers may also drop an email at [email protected] during weekdays, from 7:00 am to 6:00 pm. 

Types of Loans & Services Offered

Auto Loan (DrivEasy)

Driving your own car when you travel to take care of your day-to-day needs has been a necessity considering the safety and comfort that each one must take to accomplish what they must do. And with UCPB, owning your own car has been made a lot easier through an auto loan that is made easy. 

• Loanable Amount: minimum of Php100,000
• Down Payment: minimum of 20% of the net cash price
• Loan Terms: 1 – 5 years (Brand New) / 1 – 3 years for Second Hand or Refinanced Vehicles
• Payment Options: Post Dated Checks (PDCs) / Auto Debit Arrangement

There are currently three loan offerings for those who wish to apply for an Auto Loan:

• Purchase a Brand New Vehicle
• Purchase a Second-hand Vehicle
• Multi-purpose loan (your existing vehicle will be your collateral)

Eligibility

• Currently employed
• In business for the past 2 years (For Self-Employed)
• Have a minimum gross monthly income of Php30,000

Requirements

When applying for a loan, it is a given that borrowers should provide their personal and income information, and the completed loan application with the signature of the applicant / all the applicants of the loan. Apart from that, these requirements need to be submitted:

• Employed:
  • Income Tax Return or Certificate of Creditable Tax Withheld at Source for at least three (3) years
  • Certificate of Employment and Salary; payslip for the past three(3) months
• Sole Proprietorship:
  • Income Tax Return
  • Latest Audited Financial Statements
  • Latest In-House Financial Statements
  • Bank Statement
  • List of Customers and Suppliers
  • Business Name
  • Certificate of Registration of Business/Trade Name with DTI
  • Application of Registration of Business Name
• Partnership:
  • Income Tax Return
  • Latest Audited Financial Statements
  • Latest In-House Financial Statements
  • Bank Statement
  • List of Customers and Suppliers
  • SEC Certificate of Filing of Articles of Co-Partnership
  • Articles of Partnership
• Corporation:
  • Income Tax Return
  • Latest Audited Financial Statements
  • Latest In-House Financial Statements
  • Bank Statement
  • List of Customers and Suppliers
  • SEC Certificate of Filing of Articles of Incorporation
  • Articles of Incorporation
  • Corporate By-Laws

Insurance

• Comprehensive insurance policy from any reputable insurance companies on the first year
• Comprehensive insurance policy from any of the UCPB-Accredited insurance companies in the succeeding years.

Home Loan

Having your own home – is an exciting step for newly married couples or those who have a growing family. But, your dream house should not only be just a dream. With this loan offer from UCPB, more and more families will be just a step away from having a place they can call home. 

Loanable Amount: 

• The minimum loanable amount is ₱500,000.00
• Maximum of 70% of the appraised value for house and lot, townhouses, and condominium units
• Maximum of 60% of the appraised value for a vacant lot
• Maximum of 80% of the contract price for accredited developers

Loan Terms: 

• The maximum loan term is 20 years to construct and acquire houses and lots, townhouses, and condominium units.
• The maximum loan term is 10 years for refinancing, multi-purpose loans and acquisition of vacant lots.

Payment Options: Post Dated Checks (PDCs) / Auto Debit Arrangement

Loan Offerings

• Purchase a residential lot, house and lot, condominium, or townhouse
• Renovate or construct on your already-owned lot
• Refinance an existing mortgage from another bank
• Multi-purpose loan (collateral can either be your primary residence, secondary home or vacant lot)

Eligibility

• You have been employed for the last 12 months with a minimum gross monthly income of ₱30,000.00, or
• You have been in business for the last 3 years

Requirements

Borrowers must submit their home loan application and send 2 government-issued IDs. Apart from that, these other income documents need to be submitted:

• Locally Employed:
  • Certificate of Employment (COE) indicating salary, position and length of service
  • Latest Income Tax Return or Certificate of Creditable Tax Withheld at Source (BIR Form 2316)
• OFW
  • Certificate of Employment (COE) duly authenticated by Philippine Consulate
  • Crew Contract & Exit Pass validated by POEA (for Seamen)
  • Payslips for the last 3 months
  • Notarized or authenticated Special Power of Attorney (UCPB prescribed format)
• For Self-Employed, additional requirements to be submitted are the following:
  • Articles of Incorporation / By-laws / SEC Registration / DTI Registration
  • Audited Financial Statements and ITR for the last 3 years
  • Bank Statements for the past 6 months
  • List of Trade References (at least 3 names with telephone numbers of major suppliers/customers)

Salary Loan

Sometimes, working on your budget and managing household obligations can be a challenge – one that needs extra help in some cases. When the budget runs low, due dates approach, and with the salary still a few days away, the salary loan will help meet obligations that are due and still work on their goals. 

• Loanable Amount: Php50,000 to Php300,000
• Loan Terms: 12 – 36 months
• Payment Options: Post Dated Checks (PDCs)

Eligibility

• 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

General Requirements

• Fully-accomplished UCPB YES Loan application form available in all UCPB Branches or here
• Photocopy of two (2) government-issued IDs
• Copy of latest 2 months credit card billing statement
• Copy of latest Utility Bill of residence

Additional Requirements

• Employed:
  • Photocopy of company ID
  • Latest payslips for one month
  • Latest ITR form 2316
• Self-Employed
  • 2 years latest audited financial statements and ITR
  • Business registration documents and permits
  • Copy of checking account statement for the last 6 months

Small Business Loan

Small businesses make economies grow. And with every small business that thrives and succeeds, the need for expansion is inevitable. Likewise, every small business, when supported, has the opportunity to grow. With UCPB extending loans to these small businesses, entrepreneurs can make their businesses grow without worrying about the additional capital needed.   

• Loanable Amount: Php500,000 to Php15,000,000
• Minimum Credit Score: Not Indicated
• APR: Indicative Rates depend on the loan type, term and qualifications met.
  
• Payment Options: 
  • PDCs
  • Over-the-counter payment at any UCPB branches
  • Auto Debit Arrangement
• Available to:
  • Manufacturing Companies
  • Distributors
  • Medical and Technical professionals
  • Entrepreneurs
  • Franchisees and many more!

Loan Facilities

• Promissory Note Line
• Term Loan
• Franchising Loan

Eligibility

Your sole proprietorship, partnership, or corporation is registered with the DTI and SEC and has been profitable for the last three (3) year

Requirements

• Duly filled-up Application Form
• List of customers and suppliers
• Photocopy of 1 valid ID with 3 specimen signatures affixed
• Photocopy of residence certificate
• Certificate of Business Registration (DTI or SEC with By-Laws and Articles of Incorporation
• Income Tax Return for the last three years
• Bank Statements / Passbooks for the last 6 months
• 2 photocopies of TCT / CCT and Tax Declaration of the collateral property
• Lot Plan and Vicinity Map
• Additional documents will be required during post-approval.

Acceptable Collaterals

• Residential properties
• Commercial properties
• Industrial properties

Loan valuation is in accordance with existing guidelines.

Why Choose UCPB

Extensive Branches and ATMs Nationwide

UCPB has 188 branches, over 300 ATMs, and electronic banking facilities nationwide. This ensures that customers from all over the country have access to superb banking experiences and take advantage of competitive loan rates.  

Established Leader in the Banking Industry

UCPB is the first Philippine Private Bank to become a universal bank in 1981 and obtain its expanded commercial banking license. In the late 1980s, it was one of the first banks to introduce the ATM service, staying true to their commitment to constantly bringing banking innovations. 

Proven Partnership with Customers

UCPB has a customer service group focused on providing a superior customer experience for every Filipino who banks with them. After all, their goal to always provide total customer satisfaction is very important. 

Has a Strong Value of its Corporate Responsibility 

UCPB spearheaded the most successful reforestation initiative on a 33.3 hectare site in Antipolo City, earning them the “Most Outstanding Award for Environmental Excellence”. This only proves that they care not with the partnerships that they form with their employees and customers, but also with the environment we all need to take care of. 

How to Sign Up

To start your loan application, download the application available at the UCPB website and send by email to [email protected] or fax to (02) 8811-9106. 

Another method of submitting a loan application will be to do it online and complete 4 easy steps through their LoanEasy Online Loan Application:

Conclusion

Being in partnership with a bank that you can trust means that you will be able to fully focus on attaining your personal and business goals without having to worry that the bank you put your trust in will turn its back on you financially. It is always great to have your goals met, your needs addressed and your emergencies taken care of. What makes it even greater is the fact that you are taken care of, while your bank takes care of your needs.