Shop at 0% installment with your UnionBank Credit Card.

PAYEASY TERMS AND CONDITIONS

In these Terms and Conditions of the PayEasy Program, or its successor facility ("Program"), "Card" means all credit cards issued by UnionBank of the Philippines (also referred to as "we", "our", "us", “UnionBank”, or the “Bank”), while "you" or “your” refers to Cardholders whose UnionBank Credit Cards have been locally issued by us , and which are active and in good credit standing.

By availing of PayEasy, you agree to: (i) the PayEasy Terms and Conditions (the “PayEasy Terms”); (ii) the Terms and Conditions Governing the Issuance and Use of the UnionBank Credit Card (the “Credit Card Terms”); (iii) all applicable and relevant laws, rules and regulations governing the use of installment facilities; these can be viewed at https://www.unionbankph.com/cards-tc and https://www.unionbankph.com/cards-fees .

PayEasy is an Installment facility available to UnionBank Cardholders issued starting July 1, 2023 for purchases at participating merchants (the “Merchants”) which meet the required minimum purchase amount per tenor. It is subject to approval based on the available Relationship Limit or Account Credit Limit / Spend Limit, as applicable, at the time of purchase and conversion.

Under the Program, the single-receipt transaction at the participating merchants ("Merchants") using the UnionBank Credit Card shall, after the Merchant submits the transaction for settlement ("Conversion Date"), be submitted for conversion to an Installment Transaction ("Installment Transaction"). If the conversion to an Installment Transaction is approved, the UnionBank Cardholder can pay for the purchase amount ("Principal Amount") in equal monthly installments which will be billed to the credit card Statement of Account every month until the end of the term indicated in the charge slip. Otherwise, the straight single-receipt transaction will be billed in full in the next Statement of Account.
The Program is available for single-receipt purchases of at least Three Thousand Pesos (Php3,000.00) or such other amount as may be determined by UnionBank and the Merchants from time to time.
Upon your instruction to the Merchant that you would like to avail of the Program, the Merchant will swipe your UnionBank Credit Card for the purchase amount at the pre-identified terminal. If determined to be qualified, the charge slip will reflect the details of the Installment Transaction you requested (term and monthly installment amount), and your agreement to the terms and conditions of the Program.

	Monthly Installment Due	Unbilled Installment Amount
Month 1	PHP 5,000.00	PHP 10,000.00
Month 2	PHP 5,000.00	PHP 5,000.00
Month 3	PHP 5,000.00	PHP 0

One percent (1%) of the billed MID will be included in the Minimum Amount Due ("MAD") in your Statement of Account (SOA) and one percent (1%) of the unbilled portion of the Principal Amount of your PayEasy Transaction will be part of the calculation of your MAD in your SOA until the end of the Term of your PayEasy Transaction. To know more about how your Minimum Amount Due is calculated visit https://www.unionbankph.com/cards-tc .
If the Card account is past due for sixty (60) days or more, the Installment Transaction will be cancelled. Any remaining unpaid balance will be billed to the Card account in full and will be subject to the prevailing monthly retail Interest charge. Please refer to the UnionBank Card Fees and Charges at https://www.unionbankph.com/cards-fees for the prevailing rates, fees, and charges.
UnionBank is entitled to apply and appropriate payments received in such manner or order of priority as it deems fit, notwithstanding any specific instruction from you or any third party. You may view the payment hierarchy in the Cards Payments Section of the UnionBank Card Agreement at https://www.unionbankph.com/cards-tc .
Rewards Points, rebates, and PremierMiles ("Usage Privileges"), or their successor programs, earned from the straight single-receipt transaction/s converted under the Program will be deducted from the Card account upon conversion, and will be credited back monthly in such amounts corresponding to the Monthly Installment Due billed.
You acknowledge that your Installment Transaction will be maintained for the Term stated on the charge slip or any other documents that may have been furnished to you, and that we have already incurred cost of funds and committed yield to fund sources to finance the Installment Transaction.
If you wish to cancel an Installment Transaction before its Term ends, you may do so, by calling Bank's Customer Service Center at (632) 8841-8600 (Metro Manila) or 1-800-1888-2277 (outside Metro Manila), For cancelled Installment Transactions, Cardholder will need to pay in full the unpaid portion of the Principal Amount and the cancellation processing fee of Three Hundred Pesos (Php300.00) for the following UnionBank Credit Cards: UnionBank Reserve Visa Infinite, UnionBank Miles+ Visa Signature, UnionBank Rewards Visa Platinum, UnionBank Cash Back Visa Platinum, UnionBank Reserve World Elite Mastercard, UnionBank Miles+ World Mastercard, UnionBank Cash Back Titanium Mastercard, UnionBank Rewards Platinum Mastercard, UnionBank S&R Visa Platinum, UnionBank Shell Power Visa Gold and UnionBank Shell Power Visa Platinum.
In case of promotions where we give you a premium item/s (which include promotional items, Usage Privileges), we may charge the full monetary equivalent of the premium item/s should you cancel the Installment Transaction.
Upon your purchase, we already pay for the goods or services. In the event that a Merchant from whom you purchased the goods or services for future delivery ceases to operate, you will still be liable to pay for all unpaid Monthly Installment Dues. Your recourse for purchased goods or services is directly with the Merchant and UnionBank shall in no case be involved.

If you wish to request for a refund from the Merchant, the standard refund process of the Merchant will govern. There will be no change to the Installment Transaction under the Program, and the Monthly Installments Due will continue to be billed to you for the Term. The amount to be refunded by the Merchant will be credited back to the Card.

In case of (a) any change in law or regulation which gives rise to new additional taxes, higher reserve requirements, or similar events, or (b) significant change in the economic environment, we may adjust or impose any applicable charges and will notify you accordingly. Revisions, modifications, amendments, and supplements to these PayEasy Terms shall form an integral part hereof are deemed effective and binding upon sixty (60) days notice to the Cardholder, whether in writing, by display or posting in the Bank’s premises, website, and other channels, or by electronic means such as electronic mail and short messaging services, or such other methods of communication which the Bank may deem suitable.
The Cardholder agrees that his application, maintenance, or continued use of any of the Bank’s products and services shall be his acceptance and agreement to be bound by the provisions of the Bank’s Data Privacy Statement (DPS) found at https://www.unionbankph.com/privacy-security . The Cardholder agrees to authorize the Bank to collect, use, and share Personal Data (as defined under the Data Privacy Law of 2012 and its implementing rules and regulations), customer data, and account or transaction information or records (collectively, the “Information”) provided, and where permitted by law, to share it with: (i) Aboitiz and Company, Inc.; (ii) Aboitiz Equity Ventures; and (iii) the Bank, including their respective subsidiaries and affiliates (collectively, the “Aboitiz Group”) for cross-selling and for the following purposes: (a) purposes as set out in the DPS in force; (b) to identify and inform the Cardholder of products and services provided by the Aboitiz Group that may be of interest to the Cardholder; (c) for compliance to any law, regulations, government requirement, treaty, agreement, policy or as required by or for the purpose of any court legal process, examination, inquiry, audit, or investigation of any authority. This applies notwithstanding any non-disclosure agreement.
These Terms and Conditions shall be governed by and construed in accordance with the laws of the Republic of the Philippines. Any legal action or proceeding arising out of or connected with these Terms and Conditions shall be brought only in the proper courts of Pasig City, at the sole option of UnionBank.
The Cardholder and UnionBank undertake to fully comply with anti-money laundering and terrorism financing standards in accordance with existing Anti-Money Laundering laws, rules, and regulations, appropriate to avoid any sanctionable practice, act of money laundering, financing of terrorism, or proliferation financing. You are committed to taking appropriate steps to ensure that the proceeds provided under these Terms and Conditions are not used to aid, or otherwise support, terrorists or terrorist organizations. You agree that you shall use all reasonable efforts to ensure that the PayEasy Facility is not used to engage in, support, or promote violence, unlawful activity, terrorist activity, or related training of any kind and will take all appropriate precautions necessary to prevent any portion of the proceeds from being so In the event of any compliance incident, you shall respond promptly and in reasonable detail to any notice from UnionBank and shall furnish documentary support for such response upon UnionBank’s request. You hereby agree to comply with any new or additional anti-money laundering laws or regulations.

These Terms and Conditions should be read together with the Credit Card Terms, to produce a result that is harmonious and consistent. In the event of any inconsistency or conflict between the provisions of these PayEasy Terms and the Credit Card Terms, these PayEasy Terms shall prevail in relation to the Installment Transaction applied under the Program.

For more information, visit https://www.unionbankph.com/cards-tc

PayEasy transactions are billed to the account monthly, similar to a normal retail purchase and are subject to usual interest rate charges if you pay less than the Total Amount Due indicated on your current or previous monthly statements of account on or before the payment due date.

If your Card account is over limit, you will need to pay the Overlimit amount aside from the Minimum Amount Due.

The PayEasy Transaction will take more than the scheduled Term to pay off in full if only the Minimum Amount Due is paid.

It is subject to approval based on the available Relationship Limit or Account Credit Limit / Spend Limit, as applicable, at the time of purchase and conversion.

Your needs and feedback are important to Us and if you have any questions or concerns, you may reach us through any of Our channels below. For our social media channels, a representative will get back to you within 24-48 hours from the time we receive your question or concern.

Phone: +63 2 8841 8600
UnionBank Online App: Mailbox > Support > Create New Ticket
Facebook Messenger: m.me/unionbankph
X (formerly Twitter): x.com/unionbankph

In the event that your concern requires an investigation, you agree to provide Us with all information We need, and consent to the use and processing of the information you provide, to enable Us to expediently address your query. You also allow the Bank to disclose information you may have provided to third parties, if necessary to address your concern.

Union Bank of the Philippines is regulated by the Bangko Sentral ng Pilipinas

https://www.bsp.gov.ph