Requirements for UnionBank Personal Loan 2023 Application Process

Guide on UnionBank Personal Loan 2023 Application Process

REQUIREMENTS FOR UNIONBANK PERSONAL LOAN 2023 – Here are the lists of documents required in applying for the cash loan offer of UnionBank Philippines.

Are you looking for an entity where you may apply for a cash loan offer? One of the banks in the Philippines is the UnionBank which is one of the most popular and trusting in its field. It has several offers for the public.

UnionBank offers savings and current accounts, loans, and credit cards among others. Aside from the UnionBank Business Loan, it also offers a multi-purpose cash loan offer, the UnionBank Personal Loan.

The UnionBank Personal Loan is not only multi-purpose but also non-collateral. You do not need to present a property to be used as the collateral. There is also no need for a guarantor in applying for the loan offer.

To qualify for the loan offer, there are both eligibility and documentary requirements for UnionBank Personal Loan 2023 application process. The loan applicant must meet the following eligibility criteria:

• at least 21 years old at the time of the loan application
• 65 years old and below at the time of the loan maturity
• has a Tax Payer’s Identification Number (TIN)
• a principal credit cardholder
• has a minimum gross annual income of Php 250,000

With regards to the documentary requirements for the UnionBank Personal Loan 2023 application, the lists vary depending if the borrower is employed, self-employed, or a foreign national. Here is a guide on the documents required by UnionBank:

For Employed Individuals:

• duly-accomplished UnionBank Personal Loan Application Form
• one (1) valid government-issued ID bearing photo and signature
• Latest complete 1 month pay slip issued within the last 2 months (Note: If you receive two or more pay slips in a month, please submit all of them);or
• Certificate of Employment with Salary issued within the last 2 months; or
• Latest ITR with BIR stamp

For Self-Employed Individuals:

• duly-accomplished UnionBank Personal Loan Application Form
• one (1) valid government-issued ID bearing photo and signature
• Latest income tax return of your business (Form 1701) – all pages; AND
• Latest Audited Financial Statements of the business with independent auditor’s report and balance sheets and tax receipt with bank stamp – all pages

For Foreign Nationals:

• duly-accomplished UnionBank Personal Loan Application Form
• one (1) valid government-issued ID bearing photo and signature
• valid passport or ACR, AND
• any of the following proofs of local residency:
  • Immigrant Certificate of Residency (ICR)
  • ACR I-Card with Visa status “Permanent”, otherwise, should be valid for more than 1 year
  • Visa and Work Permit/Alien Employment Permit (AEP) with validity of more than 1 year
  • Special Resident Investors (SRIV)
  • Special Resident Retirement Visa (SRRV)
  • For Top 2000 companies, employment contract or letter from Company HR printed on company letterhead with name, position, and confirmation of term.