Dear Valued Customer,
Greetings from UnionBank,
In compliance with Bangko Sentral ng Pilipinas (BSP) Circular No. 855, there will now be a monthly principal payment required on your loan.
UnionBank has made this very easy for you by prescribing only 5% repayment of your outstanding loan spread over 12 months. The encircled amount in the sample below has the minimum principal payment and regular monthly interest.
The principal repayment will show in your statement which will be paid on Oct. 23, 2016.
If you have any questions regarding this matter, please email us at email@example.com or contact us at our direct line 638-2156 or 0917-827-3196.
Thank you for your continued trust and banking relationship.
SME Banking Solutions
UnionBank of the Philippines