Guide on UnionBank Personal Loan Interest Rate 2025 & Term
UNIONBANK PERSONAL LOAN INTEREST RATE 2025 – Here are the important details that you need to know before applying to the offer.
In the Philippines, the reputable banks have become among the go-to of many people in times of financial needs. There are banks that are operating for several years now and their offers have aided countless people in different situations.
One of the trusted banks in the country is the UnionBank. It is operating in the Philippines since 1981. A year after it started operating in the country, it became a commercial banking entity. It offers savings and checking accounts now as well as loans, credit cards, and many other finance products.
Aside from the UnionBank Credit Card offers of the bank, it has several loan offers. One of them is the UnionBank Personal Loan, a multi-purpose cash loan offer that can attend to different situations.
You may apply for the Personal Loan offer of UnionBank to finance your travel, to make a personal purchase, to pay for the bills, to host an event, etc. Under the offer, you can get your cash in as fast as five (5) minutes from the approval.
The loan offer is open for individuals who are Filipino residents or local resident foreigners with a valid Philippine billing address and at least 21 to 65 years old. The loan applicant should be a a Tax Payer’s Identification Number (TIN), a principal credit cardholder, and has a minimum gross annual income of Php 250,000.
The loanable amount under the UnionBank Personal Loan offer is huge depending on the borrower’s capacity to pay for the loan. The bank does not require a guarantor or a collateral in applying for the loan offer.
With regards to the UnionBank Personal Loan interest rate, based on a post on the official website of the bank, the sample computation had the interest rate at 26.9% per annum. The interest charging is monthly.
According to the bank, the UnionBank Personal Loan interest rate “is calculated on the unpaid daily balance” of the loan. The interest rate applied daily on the unpaid balance is equal to the annual interest rate at the time divided by 365.
The loan offer is open employed and self-employed individuals as well as foreign nationals. The requirements for the UnionBank Personal Loan application depends whether you are a Filipino or a foreign nation.