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:

• 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.
• Emergency Expenses. Unfortunate situations can hit you when you least expected them. Fund any emergencies when you apply for 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)

• 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