Guide on the Requirements for UnionBank Business Loan Offer in Applying
REQUIREMENTS FOR UNIONBANK BUSINESS LOAN – Here is a list of the documents needed in applying for the UnionBank Business Loan offer.
Some banks in the Philippines have both personal and business or corporate loan offers. One of them is UnionBank which has undeniably established a good name in the banking industry.
Under the corporate loan offers, a UnionBank Business Loan is open to businesses. It is non-collateral and is open for several type of business applications.
The loan offer is payable for up to 36 months. The loan applicant must be at least 18 years of age and a Filipino citizen.
The business loan offer is open for both sole proprietorship or partnership and corporation applications. However, there are differences when it comes to the requirements for the UnionBank Business Loan offer depending whether the applicant is a sole proprietorship or partnership or a corporation.
Guide on the Requirements for UnionBank Business Loan Application
For sole proprietorship or partnerships:
- valid ID (Primary)
- Selfie ImageBusiness or Inventory Photo
- Proof of Business Existence (at least one (1) month of any of the following documents issued within a maximum of three (3) months before date of application):
- Invoice/Official Receipt
- Purchase Order
- Electricity Bill
- Water Bill
- Internet Service Provider Bill
For corporations:
- Board Resolution to Borrower (please email [email protected] for UBP template)
To apply for the loan offer, go to a branch of UnionBank nearest to your company and submit your documents. According to the bank, the approval may be as fast as the same day of the filing of the loan application.
Aside from the said business loan offer, UnionBank Philippines also offers several other personal loans. You may also visit – UNIONBANK LOANS – Full List of the Loan Offers of UnionBank.