Union Bank offered us one of their credit card, Omni Pass VISA. Since the first year of annual fee was waived we received the card but we never used the card for any purpose. To our surprise, we got a call from their accredited agency offering us for a loan up to 95% of our unused credit limit. The interest was only 0.99% per month and the five digit loan was payable in 18 months. Billings for the said loan will be reflected on the monthly statement of our credit card. What we liked best in this offer was that it gave us a three month holidays wherein first payment of the loan will be three months after the loan was deposited in our bank account.
I never thought that Union Bank can have great promos like this one after their bank holiday years after. We never encounter any problem in converting the limit of our credit card into cash and proceeds of the loan was swiftly deposited directly into our bank account.