UnionBank
About UnionBank
UnionBank was incorporated in 1968 as Union Savings and Mortgage Bank and received a commercial-banking licence in 1982. Its later development has emphasised retail banking and digital services.
Company background
Personal Loan
A principal credit card is required. The annual gross-income threshold is ₱250,000 (about ₱20,834/month). Approval includes age, residency, documents and credit assessment.
Loan amountUp to ₱2,000,000
Term12–60 months
Interest rate26.90%
Minimum requirements
- Employed: minimum monthly income ₱20,833.
- Self: minimum monthly income ₱20,833.
- Existing principal credit card required.
Repayment and costs
- The published example uses a 26.9% annual contractual rate. Extra initial interest depends on release and statement dates. DST may also apply. These are not included in the totals or net-proceeds estimate.
If you cannot repay on time
Contact UnionBank before the payment date with your loan reference, the reason for the shortfall and a realistic payment proposal. Ask which assistance options apply to your account and request the revised dates, charges and total payable in writing. Continue using the agreed schedule until the company confirms a change.
Repayment help