Union Bank Logo

Union Bank Personal Loan

Loan amount of up to P2 million without any collateral or guarantor for as fast as 5 Minutes!

  • icon Interest Rate
    Interest rate (p.a.)
  • icon Min. monthly income
    Loan Tenure
    1 - 5 years
  • icon Min. monthly income
    Approval Duration
    5 Minutes
  • icon Min. monthly income
    Min. monthly income
    ₱ 21,000

Loan Calculator

icon New Base Rate Loan Calculator

Monthly salary 21000
Interest Rate
You Pay
Total Interest Payable
Total Amount Payable

Whats so great about Union Bank Personal Loan?

  • Approval in as fast as 5 minutes

  • Loan amount up to ₱2 million without any collateral or guarantor

  • Flexible repayment terms of 1 to 5 years

Product Features

Min. Financing Amount ₱20,000
Max. Financing Amount Up to ₱2,000,000
Min. Loan Tenure 1 year
Max. Loan Tenure 5 years
Interest Rate ACR 26.9%
Approval Duration 5 minutes

Fee & Charges

One time set up
Disbursement & misc. fee ₱1,750 for each disbursement
Stamp Duty ₱1.50 for every P200 of the amount, which is subject to applicable laws and regulations


Age requirement At least 21 to 65 years old
Employment eligibility Filipino resident or a local resident foreigner with a valid Philippine billing address, must have a Tax Payer's Identification Number (TIN), must be a principal credit cardholder (at least 3 months. Supplementary and debit cards are not included)
Min. salary requirement ₱21,000 gross per month

Review by iMoney

UnionBank Personal Loan is a great way to bring your plans to life. With a high loan amount of up to ₱2 million without any collateral or guarantor, you can enjoy maximum benefits with flexible repayment terms of 1 to 5 years. Approval is as fast as 5 minutes, and you can get extra cash fast to level up your business, spruce up your home with extra funds for your home improvement needs, or fund your expenses whether for school admission or debt payment.

The UnionBank Personal Loan Repayment Fee Table is a useful tool to estimate your monthly repayments before applying for a loan. The table shows the monthly installment, interest rate, and loan term for different loan amounts.

Loan Term Monthly Installment Interest Rate (p.a)
60 months ₱3,047.56 ACR 26.9%
48 months ₱3,422.56 ACR 26.9%
36 months ₱4,077.16 ACR 26.9%
24 months ₱5,432.95 ACR 26.9%
12 months ₱9,596.86 ACR 26.9%

For example, if you borrow ₱100,000 for 60 months, your monthly installment will be ₱3,047.56 with an annual contract rate (ACR) of 26.9%. You can use this table to plan your finances and ensure that you face no monetary challenges while paying your loan EMI each month.

What is a loan EMI?

A loan EMI or Equated Monthly Installment (EMI) is a fixed payment made by a borrower to a lender on a specified date of each month. EMIs are applied to both interest and principal each month so that over a specified time period, the loan is paid off in full. In other words, it is the amount of money you need to pay each month to repay your loan. The EMI amount is calculated based on the loan amount, interest rate, and loan tenure.

To apply for a UnionBank Personal Loan, you can apply online directly using the iMoney online application form. Once you have submitted your application, our friendly Customer Care agent will get in touch with you to assist with processing your application. Alternatively, you can also apply directly through UnionBank.

Here are some frequently asked questions about UNO Loan:

Union Bank Personal Loan FAQ

What is the maximum loan amount offered by Union Bank Personal Loan?

The maximum loan amount offered by Union Bank Personal Loan is ₱2 million without any collateral or guarantor requirement. You can borrow starting from ₱20,000 up to ₱2 million.

What are the eligibility criteria for Union Bank Personal Loan in the Philippines?

To be eligible for a Union Bank Personal Loan in the Philippines, you need to meet certain criteria. Here are the general eligibility requirements:

  1. Age: You must be at least 21 years old but not more than 65 years old upon loan maturity.
  2. Employment: You should have a stable source of income. This can include being a regular employee, self-employed professional, or a business owner.
  3. Income: Your gross monthly income should meet the minimum requirement of ₱21,000 set by UnionBank.
  4. Creditworthiness: Union Bank will assess your creditworthiness based on your credit history and credit score. A good credit standing will increase your chances of approval.
  5. Residency: You need to be a Filipino citizen or a local resident foreigner with a valid Philippine billing address. You must have a Tax Payer's Identification Number (TIN), and a principal credit cardholder for at least 3 months.
  6. Documents: You will be required to provide valid identification documents, proof of income, and other documents as requested by Union Bank.

Meeting basic eligibility criteria doesn't guarantee loan approval from Union Bank. Other factors, like debt-to-income ratio, are considered. For the latest and detailed information on personal loan eligibility, contact Union Bank directly or visit their website.

What is the interest rate range for Union Bank Personal Loan?

The Union Bank Personal Loan interest rate ranges, considering factors like loan amount, tenure, and credit history. The annual contract rate is 26.9%, but the final rate is determined by the bank after assessing your eligibility. Once pre-approved, the bank contacts you with the final loan terms.

What is the repayment period for Union Bank Personal Loan?

Union Bank offers flexible repayment terms from 12 to 60 months, catering to varied financial situations. Longer terms mean lower monthly payments but higher overall interest, while shorter terms require higher payments but lower interest.

After application, the bank assesses the final loan terms, providing details for the borrower's acceptance. It's crucial to thoroughly review all terms before committing.

Are there any processing fees or additional charges associated with Union Bank Personal Loan?

Understanding potential fees for a Union Bank personal loan is crucial. For each disbursement, a ₱1,750 fee applies, along with Stamp Duty at ₱1.50 for every ₱200 of the loaned amount.

Be aware of additional charges like application and origination fees, late payment fees, and prepayment penalties, as outlined in the loan agreement.

For precise and current details, contact Union Bank directly or their authorized representative.

What documents are required to apply for Union Bank Personal Loan?

To apply for a Union Bank Personal Loan, you will typically need to provide the following documents:

  1. Application form: You will need to fill out the loan application form provided by Union Bank. This form includes personal information such as your name, contact details, employment details, and loan amount requested.
  2. Proof of identity: You will need to submit a valid government-issued identification document like a passport, driver's license, or national ID card.
  3. Proof of income: Union Bank will require documents that verify your income and employment status. This can include salary slips or certificates, bank statements showing regular income deposits, or income tax returns.
  4. Proof of address: You will need to provide documents that confirm your residential address, such as utility bills (electricity, water, broadband, mobile subscription, etc.), rental agreements, or bank statements with your address mentioned.
  5. Bank statements: Union Bank may ask for your recent bank statements to assess your financial stability and repayment capacity.
  6. Other supporting documents: Depending on the specific requirements of Union Bank and the nature of your application, you may be asked to provide additional documents such as proof of investments, collateral documents (if applicable), or any other supporting documents specified by the bank.

It's important to note that these requirements may vary based on your location and the specific loan product you are applying for. You can check with Union Bank directly before finalizing the loan contract.

Can self-employed individuals apply for Union Bank Personal Loan?

Yes, self-employed individuals can apply for a Union Bank Personal Loan. Union Bank offers personal loans to both salaried and self-employed individuals. However, the eligibility criteria and documentation requirements may vary for self-employed applicants. For a clearer understanding, it is recommended to contact Union Bank directly regarding the specific requirements for self-employed individuals.

Does Union Bank offer flexible repayment options for their personal loans?

Union Bank provides flexible repayment options for personal loans, recognizing the uniqueness of each individual's financial situation. Whether you prefer monthly installments, bi-weekly payments, or customized schedules, there are diverse plans to meet your needs.

For personalized repayment terms, it's advisable to contact the bank directly to explore suitable options.

Is there a minimum income requirement to be eligible for Union Bank Personal Loan?

The minimum monthly gross income needed for eligibility for a Union Bank Personal Loan is ₱21,000. However, this requirement may vary based on factors like loan amount and employment status.

Keep in mind that income criteria can differ for employees and self-employed individuals. 

Additionally, applicants need to be existing credit card holders for at least 3 months.

Are there any specific purposes for which I can use the funds from a Union Bank Personal Loan?

Union Bank's Personal Loans offer versatile fund utilization, catering to various needs like home renovations, debt consolidation, medical bills, education, weddings, travel, and more. However, for business financing, exploring dedicated business loan options is advisable, providing greater flexibility and higher amounts tailored for business funding.

For a comprehensive overview of available loan options, visit the bank's website or contact them directly.

Is the Union Bank Personal Loan the right product for me?

Choosing the right personal loan is crucial, considering your financial needs, credit score, and loan terms. UnionBank Personal Loan stands out, offering a high loan amount without collateral or a guarantor.

Enjoy flexible 1 to 5-year repayment terms, ensuring quick approval in just 5 minutes. Take the time to assess your options and decide if Union Bank Personal Loan aligns with your needs. 

Apply online through iMoney for personalized assistance in choosing the right loan product for you.