Guide on UnionBank Business Loan – How Much You May Borrow
UNIONBANK BUSINESS LOAN – Here are the minimum and the maximum loanable amounts under this UnionBank loan offer.
The business field is one of the riskiest areas to join but, if your business is successful, it can also bring multiple folds of the returns. Thus, many individuals would prefer investing their money in a business rather than safekeeping it in a bank where it may earn very little interest only.
Meanwhile, if you want to join the business field, you must be fully prepared for the possibilities and you must have several backup plans to make it work in case the main plan did not. One of the common problems is the working capital.
Most people who want to join the business field are willing to use their savings to start or grow their business but the amount is not really enough. Meanwhile, there is a good news now – you can borrow money from banks or lending companies.
One of the banks that you can turn to for loans is UnionBank Philippines. Not all banks have loan offers that are open for the purpose of funding businesses’ growth or expansion.
With regards to the UnionBank Business Loan offer, it has huge loanable amounts that you can repay in three (3), six (6), 12, 24, or 36 months. It also offers a 0% one-time processing fee.
How much can you borrow from UnionBank Business Loan? Here are the minimum and the maximum loanable amounts under the said loan offer:
- Minimum Loanable Amount – Php 50,000.00
- Maximum Loanable Amount – Php 1,000,000.00
In applying for this UnionBank loan offer, there are documentary requirements that you need to comply with. For a guide on the documents that you must prepare, you may visit – LIST: Requirements for UnionBank Business Loan Application.