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UCPB YES Personal Loan

UCPB can help you take care of life’s emergencies with a convenient Your Easy Salary loan.

  • icon Interest Rate
    Interest rate (p.a.)
    19.05% - 20.28%
  • icon Min. monthly income
    Loan Tenure
    1 - 3 years
  • icon Min. monthly income
    Approval Duration
    Up to 5-7 banking days
  • icon Min. monthly income
    Min. monthly income
    ₱ 30,000

Loan Calculator

icon New Base Rate Loan Calculator

year(s)
Monthly salary 30000
Interest Rate
You Pay
/mth
Total Interest Payable
Total Amount Payable

Whats so great about UCPB YES Personal Loan?

  • Enjoy friendly payment terms from 12 to 36 months.

  • Get a free UCPB eMoney Card as a pay-out option.

  • Borrow any amount from ₱50,000 to ₱300,000.

Product Features

Min. Financing Amount ₱50,000.00
Max. Financing Amount Up to ₱300,000.00
Min. Loan Tenure 1 year
Max. Loan Tenure 3 years
Interest Rate Fixed rate of 18.00% per annum, 1.50% per month add-on
Approval Duration Up to 5-7 banking days
Debt Consolidation No

Fee & Charges

One time set up
Processing Fee ₱1,500.00
Stamp Duty ₱1.00 for every ₱200.00 in excess of ₱250,000 of the loan amount
Disbursement & misc. fee N/A
Penalties
Early Settlement 5% p.a. on any balance outstanding
Late Payment Charges ₱300.00 or 5% p.a. on any balance outstanding, whichever is higher

Eligibility

Age requirement Age 23 - 65
Employment eligibility At least ₱30,000 monthly income
Min. salary requirement ₱30,000 gross per month
Guarantor / Collateral requirement Yes

Other Requirements

Need to open linked bank account? Yes
Other details Method of Payment - Post-dated checks

Review by iMoney

United Coconut Planters Bank or UCPB (formerly known as Cocobank) is one of the largest banks in the Philippines and ranks within the top 20 in terms of asset size. Currently, it is the only universal bank in the country that is not listed on the Philippine Stock Exchange. In its half a decade of operations that started with just 4 branches, UCPB now has 188 branches and 279 ATMs nationwide. They are also heavily involved in charity works, social development projects, and are considered as the only universal bank to have a rural bank subsidiary, although their thrift banking operations have absorbed this subsidiary since late 2005. Currently, they offer a full range of expanded commercial banking services that are readily capable of catering to a variety of clientele. For immediate cash needs, UCPB’s Yes Personal Loan is an option that you can avail of for borrowing small amounts ranging from ₱10,000 to ₱300,000. Eligibility is possible with a gross income requirement of ₱30,000 per month. The fixed interest rate is 18% per annum, with 1.5% monthly add-on rate. The whole approval process would take approximately 5 to 7 banking days with loan repayment starting from 12 months up to 36 months.

Advantages Of Applying With UCPB Yes Personal Loan

  • Competitive fixed monthly interest rate.
  • Low loanable amounts.
  • Fast application and approval process.
  • Nationwide coverage.

You can review more details on this page with regards to eligibility requirements and product information to verify if this product suits your needs.

UCPB Personal Loan FAQ

How can I apply for a UCPB Yes Personal Loan online?

You can easily apply for a UCPB Yes Personal Loan by filling out our online application form. Afterward, expect a call from one of our friendly Customer Care agents to guide your through the application process.

Am I eligible to apply for a UCPB Yes Personal Loan?

You are eligible for a UCPB Yes Personal Loan if:

  • 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

How much can I borrow?

With a UCPB Personal Loan, borrow as much as P300,000, subject to approval.

What is the interest rate, fees, and other charges?

UCPB Yes Personal Loan has a fixed interest rate of 18.00% per annum, 1.50% per month add-on. A processing fee of ₱1,500.00 and a stamp duty fee of ₱1.00 for every ₱200.00 in excess of ₱250,000 of the loan amount.

What are the required documents when applying for a UCPB Yes Personal Loan?

When applying for a UCPB Yes Personal Loan, the following documents needs to be prepared:

  • Fully-accomplished UCPB YES Loan application form available in all UCPB Branches or that you can download here.
  • Photocopy of two (2) government-issued IDs.
  • Copy of latest 2 months credit card billing statement.
  • Copy of latest Utility Bill of residence.
  • Filipino citizen and a permanent resident at least 21 years old but not more than 60 years old (70 years old if self-employed) upon maturity, and
  • Checking account holder and a major credit card holder, and
  • Permanent employee for at least 2 years with supervisory rank and a minimum gross monthly income of P30,000.00, or
  • Self employed with a business operational for at least 3 years and profitable for the last 2 years.

Consequently, after filling out an application form, the following documents are necessary:

Fully Employed applicants need:

  • Fully-accomplished UCPB YES Loan application form.
  • Certificate of Income and Employment or Contract of Employment.
  • Latest ITR.
  • Three (3) months Payslips.
  • Proof of residence billing.
  • Proof of Deposits or Bank Certification on deposits.
  • Valid IDs (i.e. Passport/Driver’s License/SSS ID/ GSIS ID).
  • 1×1 or 2×2 Pictures, two (2) pieces.

Self-Employed applicants need:

  • Fully-accomplished UCPB YES Loan application form.
  • Latest Business Registration (DTI, Mayor’s Permit, Partnership Registration-SEC).
  • Audited Financial Statement for the past 3 years/Proof of BIR tax payment with stamped of BIR.
  • Latest In-House Financial Statements.
  • List of institutional Clients and Suppliers w/ contact number.
  • Six (6) Months bank statements or Photocopy of Passbook transactions.

*Additional documents may be required during credit evaluation.

How fast is the application and approval process?

Application and approval of the UCPB Yes Personal Loan can take up to 5-7 business days.

Once approved, how can I receive my loan?

You can receive your loan cash or via the UCPB eMoney Card that can be used as a regular ATM to withdraw cash or electronic payment.

What are the payment methods for loan repayment?

Loan payment can be done though the use of post-dated checks.

How does the UCPB Personal Loan Calculator work?

The UCPB Personal Loan calculator computes the estimated cost of borrowing and amount of payment per instalment. Input the desired loan amount to automatically get the estimated monthly amortization for different tenors.

Is there a UCPB loan extension due to Covid?

With the Bayanihan Act, all UCPB loan clients are given a 60-day grace period for the settlement of their outstanding loan balances. This is exclusive for all loans that were released before September 15, 2020. Accrued interest shall also be paid in staggered basis.

Is UCPB Yes Personal Loan the right one for me?

If you are considering loaning additional cash, one option would be UCPB’s Yes Personal Loan, especially if you are just looking to borrow small amounts. For loanable amounts of ₱10,000 up to ₱300,000, available at competitive rates, you can receive it in as fast as 5 banking days. UCPB also offers the convenience of nationwide coverage with their wide reach having branches and ATMs across the country. If these aspects are your priority, you can choose this option, once you have weighed all the other alternatives in the market right now.

More personal loan choices are also available from other banks in the Philippines, such as:
RCBC Savings Bank Personal Loan

Aside from extra funds, if you need additional financial advice, then RCBC Savings Bank Personal Loan is perfect for you. Minimum loan amount is ₱50,000 up to maximum of ₱1,000,000 which you can pay in flexible terms of 6 months to 3 years. With an interest rate of 18% per annum, you can apply if you have a minimum monthly income of ₱20,000 and must be 21-60 years old upon loan maturity.

HSBC Personal Loan

With HSBC Personal Loan, you can be confident that your urgent money matters will soon be resolved. Borrow any amount starting from ₱30,000 up to ₱500,000 for as low as 1.21% monthly add-on interest rate. Pay the amount in flexible terms of 6 months to 3 years. To apply you need a minimum gross monthly income of ₱14,000 and must be at least 21-60 years of age upon loan maturity.

Sterling Bank of Asia Personal Loan

If you need extra help on your finances, Sterling Bank of Asia Personal Loan is all you'll need. Take a loan for as little as ₱50,000 and up to a maximum of ₱1,000,000 with low-interest rate of 16.8% per annum. Benefit from the convenience of flexible loan payments of 1-3 years. To apply, you must be 21-60 years old with a minimum gross salary of ₱30,000 per month.

If you need to look at more choices, our team would also recommend that you view our complete list of Cash Loans available on our website to help you in getting the right loan.