Enjoy 0% installment up to 24 months at select SSI luxury brand stores with UnionBank PayEasy.
Eligible cards
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.
Other banks
The same kind of deal, from other banks.
Same bank
The Monthly Installments Due (the “MID”) will be billed and reflected on your Statement of Account after the Conversion Date as [Merchant Name (001:00x)] and so forth.
You may compute the Monthly Installment Due ("MID") using the following formula:
Principal Amount -------------------------- Term
Where Term is the number of months that you chose for your Installment Transaction.
0% PayEasy Process illustration:
| 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 1 | PHP 5,000.00 | PHP 0 |
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.
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
GREENBELT 4 SHANGRI-LA PLAZA EAST WING
GREENBELT 4 SHANGRI-LA PLAZA EAST WING SOLAIRE RESORT ENTERTAINMENT CITY
GREENBELT 4
GREENBELT 4 SHANGRI-LA PLAZA EAST WING SOLAIRE RESORT ENTERTAINMENT CITY NUSTAR CEBU
GREENBELT 3 SHANGRI-LA PLAZA EAST WING NUSTAR CEBU
SHANGRI-LA PLAZA EAST WING SOLAIRE RESORT ENTERTAINMENT CITY NUSTAR CEBU
GREENBELT 4 NUSTAR CEBU
Summarised from UnionBank's public promo page. Banks can change or end promos at any time, so check the official page before you pay.
