Guide on UnionBank Business Loan Loanable Amounts
UNIONBANK BUSINESS LOAN – Here is a guide on the minimum and maximum loanable amounts under this loan offer of UnionBank Philippines.
The UnionBank Philippines, one of the biggest and most trusted banks in the country, has both personal and corporate offers. It aims to be of service to people from different walks of life and companies, both big and small.
With regards to its offer for companies and businesses in the country, one of them is the UnionBank Business Loan. It is offered to Ministry of Micro, Small & Medium Enterprises or MSMEs.
Under the UnionBank Business Loan offer, the company may borrow at least P50,000 and up to P1 million. The loan offer does not require a collateral and the loan term is from three (3) months up to 36 months. To be eligible to apply for the loan, the business owner must be at least 18 years old and a Filipino citizen.
Requirements in Applying for the Loan
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)
In applying for the said loan offer, go to a branch of the UnionBank nearest to your company and submit the documents required for application. You can be approved in as fast as the same day that you applied for the loan.
Aside from the said loan offer, UnionBank also offers several other types of loans. You may also visit – UNIONBANK LOANS – Full List of the Loan Offers of UnionBank.