Union Bank personal loan eligibility

Taking control of your finances often begins with having the right support in place. Without access to timely resources, even a manageable expense can quickly become overwhelming.

When you need fast funding for urgent needs, debt consolidation, or big life goals, a personal loan can offer stability and opportunity.

But before applying, it’s important to understand if you meet the eligibility criteria—especially when working with a trusted provider like UnionBank.

UnionBank’s personal loan is known for its speed, digital process, and generous borrowing limits.

However, like any responsible lender, the bank has clear rules in place to ensure applicants are qualified and capable of repayment.

✅ Who Can Apply for a UnionBank Personal Loan?

UnionBank has simplified the personal loan process to make it accessible for more Filipinos.

But to ensure financial responsibility, it still maintains specific eligibility standards that each applicant must meet.

Here are the minimum requirements to qualify:

1. Filipino citizen residing in the Philippines
   Applicants must have a valid local address and must not be a foreign national.
2. Aged 21 to 60 years old
   Age is considered at the time of full loan repayment, not just at the point of application.
3. Monthly income of at least ₱30,000
   This applies to both salaried and self-employed individuals. Documentation will be required to verify income.
4. Stable source of income
   At least one year of employment or consistent self-employment is preferred.
5. Valid government-issued ID
   Commonly accepted IDs include UMID, passport, driver’s license, and PRC ID.
6. Active email and mobile number
   Since the entire application is processed online, all updates are sent via SMS and email.

Meeting these criteria doesn’t guarantee approval, but it significantly increases your chances of progressing through the system quickly.

📋 What Documents Do You Need?

Being eligible is only the first step. UnionBank will ask you to submit documents to verify your identity, income, and employment history.

Submitting high-quality, accurate files can greatly improve your chances of getting approved faster.

Required documentation includes:

• Proof of income
  For employees: Payslips, BIR Form 2316, or Certificate of Employment.
  For self-employed: Income Tax Return (ITR), bank statements, and DTI registration.
• Government-issued ID
  Make sure the ID is clear, not expired, and matches your personal details on the application.
• Utility bill or proof of billing (if requested)
  May be required to confirm your current address.

Before uploading, double-check that your documents are clear, complete, and show all relevant information—this reduces the chance of manual review delays.

🧠 How UnionBank Screens Applicants

UnionBank uses a combination of automation and manual checks to assess applicants. While eligibility gives you a solid starting point, the bank also looks at financial behavior, risk, and creditworthiness.

Your evaluation may be based on:

• Employment stability
  Longer employment history with your current company adds credibility.
• Debt-to-income ratio
  If your income is stretched thin by existing debt, it could lower your chances of approval.
• Credit history
  While not the only factor, UnionBank will review your past borrowing behavior using credit bureau data.

The bank’s goal isn’t to reject—it’s to lend responsibly. If you’re not approved now, you can try again later or build up your profile over time.

📍 Where to Apply and Get Help

You can apply online through UnionBank’s official website: www.unionbankph.com. Go to the “Personal Loan” section and click “Apply Now” to begin.

If you need assistance, UnionBank offers multiple support channels:

• Customer Service Hotline: (+632) 8841‑8600
• PLDT Toll-Free: 1‑800‑1888‑2277
• Head Office Address: UnionBank Plaza, Meralco Ave. corner Onyx & Sapphire Streets, Ortigas Center, Pasig City
• Help Center & FAQs: Available at www.unionbankph.com/help-center

Applicants are encouraged to use the UnionBank Online app for updates and tracking. Everything—from submission to loan disbursement—happens digitally.

🙋‍♀️ Frequently Asked Questions (FAQ)

Can I apply if I’m a freelancer?
Yes, as long as you can provide valid income documentation like bank statements, tax returns, or contracts.

Do I need to be a UnionBank account holder to apply?
No. But having one may help speed up disbursement once approved.

Is a credit check mandatory?
Yes, but having limited credit history doesn’t automatically mean rejection. Other factors like income and documentation matter too.

What happens if my documents are unclear?
UnionBank may reach out to request a new upload, which can delay the approval process.

Can I apply if I just started working?
Possibly, but the bank typically prefers at least one year of employment history for salaried workers.

What’s the fastest way to get approved?
Submit clear documents, apply early during business hours, and respond quickly to follow-ups.