Average personal loan ₱50,000 to be repaid in 24 months

Loan Amount

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Tenure

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UnionBank Personal Loan

Got any big plans for the future? Plan your life the way you want it when you apply for a UnionBank Personal Loan online. Borrow up to ₱2 million without collateral and get approved in as fast as 5 minutes!

UnionBank Personal Loan

Monthly repayment ₱

Monthly add-on interest rate

Total repayment

₱

Total interest

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Rates and Fees :

Late repayment fee: ₱ 500
Documentary Stamp Tax: ₱ 1.50

Credit Card Requirement :

Credit card requirement: Must be a principal credit cardholder (active for 3 months regardless if credit card is from UnionBank or from another bank)

Required Documents :

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

Eligibility :

Minimum Age: 21 years old

Maximum Age: 65 years old

Min. Annual Income: ₱ 250000

Landline requirement: Not required

Where Can I Use a UnionBank Personal Loan?

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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.

Who Can Get a UnionBank Personal Loan?

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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 rates

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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

UnionBank Personal Loan

UnionBank Personal Loan

Quick Facts

Quick Facts

Where Can I Use a UnionBank Personal Loan?

Who Can Get a UnionBank Personal Loan?

UnionBank Personal Loan rates