Shopping for luxury brands just got a bit more manageable. Through the UnionBank PayEasy program, cardholders can spread out their purchases into equal monthly installments with 0% interest for up to 24 months at select high-end retailers.
How it Works
When you make a single-receipt purchase at a participating merchant, you can request to convert that transaction into an installment plan. Once approved, the principal amount is divided into equal monthly installments that will be billed to your Statement of Account until the term ends.
To qualify, your single-receipt transaction must be at least PHP3,000.00. The availability of this facility is subject to your available Relationship Limit or Account Credit Limit at the time of purchase.
Eligible Merchants
You can avail of this 0% installment offer at the following locations:
- BALENCIAGA: Greenbelt 4, Shangri-La Plaza East Wing
- BOTTEGA VENETA: Greenbelt 4, Shangri-La Plaza East Wing, Solaire Resort Entertainment City
- CHLOE: Greenbelt 4
- GIVENCHY: Greenbelt 4, Shangri-La Plaza East Wing, Solaire Resort Entertainment City, Nustar Cebu
- LOEWE: Greenbelt 3, Shangri-La Plaza East Wing, Nustar Cebu
- SAINT LAURENT: Shangri-La Plaza East Wing, Solaire Resort Entertainment City, Nustar Cebu
- VERSACE: Greenbelt 4, Nustar Cebu
Important Reminders
Before you swipe, keep these details in mind to manage your account effectively:
- Minimum Amount Due: One percent (1%) of your billed monthly installment and one percent (1%) of the unbilled portion will be included in your Minimum Amount Due (MAD) calculation.
- Account Standing: If your account becomes past due for 60 days or more, the installment transaction may be cancelled, and the remaining balance will be billed in full with applicable interest charges.
- Cancellations: If you need to cancel an installment plan before the term ends, you must contact UnionBank customer service. For specific card types, a cancellation processing fee of PHP300.00 applies, and the full unpaid portion of the principal amount must be paid.
- Rewards: Any rewards points or rebates earned from the initial straight transaction will be deducted upon conversion and credited back monthly in line with your installments.