unionbank personal loan

UnionBank Personal Loan

Minimum loan amount

P 20,000

Minimum annual income

P 250,000

Add-on interest


Product Summary

unionbank personal loan

UnionBank Personal Loan

Bring your plans to life when you apply for a UnionBank Personal Loan. With a high loan amount of up to ₱2 million and flexible repayment terms, you can fund your dream business or home improvement projects. Apply now and get approved as fast as 5 minutes!

  • Fast approval time—as fast as 5 minutes!
  • High loan amount of up to ₱2 million
  • Flexible payment terms of up to 5 years
  • No collateral or guarantor needed
  • Ideal for: home renovation or opening a new business
Age21 to 65 years old
Minimum Annual IncomeP250,000
Credit CardRequired
Landline NumberNot Required
Late payment Fee P500

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UnionBank Personal Loan Review

Part of the financial planning process is to consider applying for a personal loan. After all, you can only stretch your budget so much. If you’re looking for financial aid, UnionBank is one of the best banks out there.

UnionBank Personal Loan has lots of exciting features and unique selling points that make it a better choice over other loan products in the market. Interested? We’ve pulled together a comprehensive guide for you, from this loan’s uses to add-on rates.

Where Can I Use a UnionBank Personal Loan?

You can use your UnionBank Personal Loan to fund huge expenses that usually take years to save up for. Because of UnionBank's high loan amount, you can use your loan to make life-changing decisions. Here are just some of the most common loan purposes in the Philippines:

  • Business Expansion - Use your loan to start a new business or expand your current one. You can also use it to fund other business-related expenses.
  • Home Renovation - Want to renovate your home? Fund quick major repairs with your UnionBank Personal Loan. You can also use it to expand your real estate property.
  • School Expenses - Got any unpaid tuition or other school expenses? Whether it’s for you or your children’s education, don’t miss a school year with a UnionBank Personal Loan.
  • Debt Payment - Stressed by unpaid debts? As long as you’re in good standing with your previous loan provider, you can also use your UnionBank Personal Loan to settle your debts.

Who Can Get a UnionBank Personal Loan?

To start your journey, you need to meet the following UnionBank Personal Loan eligibility criteria:

  • At least 21 to 65 years old
  • Filipino resident or a local resident foreigner with a valid Philippine billing address
  • Minimum gross annual income of ₱250,000
  • Must be a principal credit cardholder for at least 3 months
  • Must have a tax identification number (TIN)

UnionBank Personal Loan Requirements for Filipinos

  • Completed UnionBank personal loan application form
  • Valid government-issued ID with photo and signature
  • For employed borrowers:
    • Any of the following:
      • Complete 1 month payslip in the past 2 months
      • Certificate of Employment (COE) in the past 2 months
      • ITR with BIR Stamp issued in 2021 onwards
  • For self-employed borrowers:
    • Latest ITR or BIR Form 1701
    • Audited financial statements with independent auditor’s report and balance sheets and tax receipt (all pages for all documents)

UnionBank Personal Loan Requirements for Foreigners

  • Alien Certificate of Registration (ACR) or valid passport
  • Any proof of residency in the Philippines:
    • Immigrant Certificate of Residency (ICR)
    • Visa and work permit or Alien Employment Permit (AEP) with a validity of more than 1 year
    • ACR I-Card with a permanent visa status or validity of more than 1 year
    • Special Resident Retirement Visa (SRRV)
    • Special Resident Investors Visa (SRIV)
  • For expats employed in the top 2,000 companies: Employment contract or letter from the company HR printed on company letterhead with name, job title/position, and confirmation of term

UnionBank Personal Loan Interest Rates

  • Loan terms: 1 to 5 years
  • Average annual contractual rate: 26.9%
  • Documentary Stamp Tax: ₱1.50 for every ₱200 of the loan amount
  • Disbursement fee: ₱1,750
  • Late payment fee: ₱500 or 6% of the overdue amount, whichever is higher
  • Closure handling fee: 4% of the unbilled principal component of the loan that is prepaid


You can borrow as much as ₱2 million with a UnionBank Personal Loan.

No, you cannot. To prevent identity fraud, UnionBank will only release loan proceeds solely to the applicant.

Receive your loan proceeds through your UnionBank savings account and enjoy a hassle-free auto-debit arrangement (ADA)—your loan payment will automatically be deducted from your account on your payment due date. You'll be required to open a UnionBank savings account if you don't have one yet to enjoy the convenient ADA feature and other perks such as zero initial deposit needed, 24/7 access to your account via the UnionBank online app, and a Visa debit card.

A UnionBank Personal Loan application can be processed in as fast as 24 hours as long as you're done submitting all the required documents.

You will receive a call from UnionBank to arrange your loan disbursement. To follow up on your application, call their hotline at (+632) 8841-8600.