UnionBank Personal Loan

UnionBank offers personal loans up to ₱2 million at a 1.26% monthly add-on rate, with flexible terms from 12 to 60 months and a fully digital application process.

Last checked on June 28, 2026. We may earn a commission when you click through.

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✓ No collateral required ✓ Fully digital application process ✓ Quick approval time of 3-5 banking days
Personal UnionBank Reviewed

UnionBank Personal Loan

Updated 3 months ago

APR Range

25.0–36.0%

Amount

₱20k–₱2M

Term

12–60 months

Type

personal

Check eligibility →

You'll be redirected to unionbankph.com

Our Verdict

UnionBank's personal loan features an appealing 1.26% monthly add-on rate, cost-effective choice for those who can repay within a year. However, the APR can reach up to 36%, which may not be ideal for long-term borrowers.

Best For

This loan is best for individuals seeking quick access to funds without collateral and who can meet the income requirements.

Watch Out

Applicants should be mindful of the high APR, particularly if they need to extend the loan term beyond a year.

Pros

  • No collateral required
  • Fully digital application process
  • Quick approval time of 3-5 banking days
  • Flexible loan terms from 12 to 60 months
  • High loan amount limit up to ₱2 million

Cons

  • APR can reach up to 36%
  • Requires a minimum gross monthly income of ₱15,000
  • Customer service experiences can vary
  • Higher costs if extended over long terms
  • Limited availability for lower-income applicants

Full Review

At a competitive 1.26% monthly add-on rate, UnionBank's personal loan is designed for Filipinos looking for substantial financial support without collateral. With loan amounts ranging from ₱20,000 to ₱2 million and terms from 12 to 60 months, it caters to various financial needs.

The digital application process is promising approval within 3-5 banking days. However, be aware that the APR can go up to 36%, making it costly over longer terms. This rate is significantly higher than some alternatives, such as RCBC's personal loan, which offers lower rates for qualified borrowers.

UnionBank requires a minimum gross monthly income of ₱15,000, ccessible to many, but this could be a barrier for lower-income applicants. Customer service experiences vary, with some users noting delays in communication. Overall, while this loan option is beneficial for urgent financial needs, it may not be the best fit for those who plan to carry the balance for extended periods.

Who Is This For?

This loan is suitable for individuals with stable income seeking quick funds without the need for collateral.

What Borrowers Say

Customer reviews highlight the ease of application but express concerns over high interest rates and customer service responsiveness.

Summary

UnionBank's personal loan provides a quick and accessible funding solution but comes with high costs that may not suit everyone.

About This Loan

UnionBank offers personal loans up to ₱2 million at a 1.26% monthly add-on rate, with flexible terms from 12 to 60 months and a fully digital application process.

Requirements

  • Minimum gross monthly income ₱15,000
  • Employed or self-employed
  • Filipino citizen 21-65 years old
  • Valid government-issued ID

Check if you qualify

Check eligibility →

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