Personal Loans
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UnionBank offers loans of up to ₱2,000,000. This loan is available to UnionBank clients, as part of the process requires agreement to the automatic debit of the monthly payments to a UnionBank deposit account.
To request the loan, you need to provide the following documents:
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A valid government-issued ID with photo and signature
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Latest monthly payslip or certificate of employment (if you’re employed)
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Latest business tax return and audited financial statements (if you’re self-employed)
Non-Filipino residents also need to provide proof of residence, like an Inmigrant Certificate of Residency or a Visa with a validity superior to 1 year.
The loan can be requested online, and the approval process takes around 5 minutes. Once your application is approved, you need to select a method of disbursement and agree to the Loan Disclosure Statement and Auto-Debit Agreement. After you agree, you’ll receive the money through your selected method immediately.
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Banking product |
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Bank |
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Loan amount |
From ₱100,000 up to ₱2,000,000 |
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Tenure |
From 1 year Up to 5 years |
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Interests and costs |
Loans have an Annual Contractual Rate (ACR) of 26.9%. There is also a Disbursement Fee and a Documentary Stamp Tax Fee. Other fees may apply. For a full list of fees, carefully read the loan contract. |
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Missed payments |
You will be charged 500 or 6% of the owed amount (whichever is higher) for every month of overdue debt. |
Benefits |
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Requirements |
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