UnionBank has partnered with IKEA to provide flexible payment options for its credit cardholders.

The arrangement allows shoppers to use UnionBank PayEasy for 0% instalment plans on purchases at the furniture retailer.

The 0% instalment plans are available for specific minimum spending amounts.

UnionBank cardholders with a minimum spend of PHP 10,000 can avail of a 3-month instalment plan at 0%interest. For purchases of PHP 20,000 or more, a 6-month, 0% instalment option is available.

“This partnership with IKEA is about giving our cardholders the ability to transform personal spaces… all while enjoying the ease and flexibility of UnionBank PayEasy,” said Mukul Sukhani, Executive Vice President and Cards and Consumer Loans Head of UnionBank.

He said that he wants to make these big purchases smarter, more accessible and more affordable for his customers.

Coinciding with the holiday season, the partnership also includes a special raffle promotion.

From 26 September to 22 November 2025, cardholders who use the 0% instalment plan at IKEA will be entered into a draw to win an IKEA Gift Card worth PHP 300,000.

Customers will receive one raffle entry for every PHP 10,000 instalment spent and three raffle entries for every PHP 20,000 instalment spent.

Featured image by Union Bank of the Philippines.