UnionBank, IKEA launch 0% installment home makeover deal

PayEasy CREDIT CARD INSTALLMENT. UnionBank and IKEA leaders forge a partnership offering 0% installment plans for home furnishings. (L–R: Milli Panganiban, Treasurer and Finance Manager, IKEA Philippines; Ricardo Pinheiro, Country Retail Manager, IKEA Philippines; Mukul Sukhani, EVP and Cards and Consumer Loans Head, UnionBank; Mellany Montemayor-Sy, SVP and Cards Portfolio Usage Head, UnionBank.) (Photo courtesy of Grupo Agatep, Inc.)

UnionBank has teamed up with IKEA to offer 0% installment plans for home furnishings, giving cardholders more flexibility in making big-ticket purchases.

Through UnionBank PayEasy, cardholders can split payments at no interest with a minimum spend of P10,000 for three months or P20,000 for six months when shopping at IKEA Philippines.

UnionBank Executive Vice President and Cards and Consumer Loans Head Mukul Sukhani said the partnership aims to help customers design living spaces that match their lifestyles while managing expenses more comfortably.

He emphasized that the program makes significant home purchases “smarter, more accessible, and more affordable.”

Running just in time for the holidays, the promotion includes a raffle from September 26 to November 22, 2025.

Cardholders who use 0% installment at IKEA earn chances to win an IKEA Gift Card worth P300,000.

Every P10,000 installment spend grants one entry, while P20,000 earns three entries.

The collaboration underscores UnionBank’s effort to provide added value to its cardholders, allowing them to enjoy functional furniture, decorative pieces, and home essentials with greater ease and flexibility.

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