Lists of UnionBank Cash Loan Requirements for Application
UNIONBANK CASH LOAN REQUIREMENTS – In the lists here below are the documents that the UnionBank requires in applying for the loan offer.
Are you looking for a reputable bank that can lend you some funds? One of the trusted entities that you may turn to is UnionBank. It has several branches across the nation thus its offers are really accessible to the people.
The UnionBank actually has several loan offers. One of the loans you might like to apply for is the Personal Loan, a multi-purpose cash loan that you can use in traveling, expanding your business, doing minor home improvements, getting your car repaired, etc.
Under the loan offer, you may borrow up to Php 2 million. The offer is open not only for employed and self-employed Filipinos but as well as foreign nationals. There are varying UnionBank cash loan requirements for application.
For Employed Filipinos
- duly-accomplished UnionBank Personal Loan Application Form
- one (1) valid government-issued ID with 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 Filipinos
- duly-accomplished UnionBank Personal Loan Application Form
- one (1) valid government-issued ID with 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
- valid passport or ACR
- 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.
To apply for the offer, prepare and submit the UnionBank cash loan requirements to a branch of the bank nearest to you. If you want to check on the charges set by the bank under the offer, here are the fees:
- Annual Contractual Rate
- Disbursement Fee — P1,750 for each disbursement
- Documentary Stamp Tax (DST) — P1.50 for every P200 of the amount, which is subject to applicable laws and regulations
- Effective Interest Rate
- Closure Handling Fee — 4% of the unbilled principal component of the loan that is prepaid
- Returned Check Fee — P1,500 will be charged for every check that is returned or that bounces due to insufficiency of funds, uncollected deposits, stop payment order, alterations or erasure, among others
- Monthly Late Charge — P500 or 6% of the Overdue Amount, whichever is higher
- Monthly Interest Charge — 2.42% Monthly Interest Rate
- Attorney’s Fees & Other Judicial Expenses
