Unionbank Loan: Application, Status, Reloan - How to Apply?

Unionbank Loan: Application, Status, Reloan - How to Apply?

What is UnionBank Philippines?

Union Bank of the Philippines (UnionBank) is one of the top universal banks in the country. It provides a wide range of financial products and services to both individuals and businesses. With over 385 branches nationwide, UnionBank is one of the most accessible banks in the Philippines.

UnionBank has been serving the Filipino people since 1968, when it was still known as Union Savings and Mortgage Bank. Since then, the bank has grown steadily, becoming one of the leading banks in the Philippines today.

Unionbank is committed to helping its clients grow and achieve their financial goals by offering a variety of products, including savings deposits, time deposits, foreign currency, credit cards, and mobile banking services. The bank also provides loans for different purposes, including personal loans, auto loans, housing loans, and more.

Unionbank loan, how does it work?

UnionBank Quick Loans is a personal loan made available for those who have a personal savings account with UnionBank. It is an unsecured loan, which means there’s no collateral. The money can be used for a variety of purposes, including consolidating debt, making home improvements, or paying for unexpected expenses.

How much is the Unionbank loan?

UnionBank accountholders can apply for a quick loan amount anywhere from PHP1,000 to PHP1,000,000 depending on several factors, including the current salary amount (for payroll accounts) or the average daily balance (for depositors). The loan term options are 3, 6, 12, and 36 months.

Business loan of PHP50,000 to PHP1,000,000 is also available to micro, small, and medium enterprises (MSMEs). Despite the importance and contribution of MSMEs to the country’s economic growth and employment generation, they often have difficulty accessing financing. UnionBank offers business loans specifically designed for MSMEs. These loans come with flexible terms and can be used for a variety of purposes, such as working capital, inventory financing, or equipment purchase.

Interest rate

The interest rate on UnionBank Quick Loans is fixed, so you know exactly how much your monthly payments will be. The interest rate for personal loan is less than 1% per month. The interest rate for business loans is 3% per month.

Aside from the interest rate,  you will be charged with a processing fee based on the loan amount. This will be collected upfront before the release of the loan proceeds.

  • PHP10,000 and above: PHP2,000

  • PHP5,000 to 9,999: PHP500

  • PHP2,000 to 4,999: PHP300

  • PHP1,000 to 1,999: PHP100

Is Unionbank legit?

Yes. UnionBank is the result of a joint consortium among Aboitiz Group, Insular Life, and Social Security System (SSS), which are reputable institutions in the Philippines. The bank was granted a license to operate as a universal bank in 1992.

How long does it take for the money to arrive?

Once your quick loan application is approved, you can get the money in their accounts in less than 60 seconds. This is extremely helpful if you need emergency funds right away.

Unionbank Loan benefits

  • UnionBank loan is designed for borrowers who need access to quick cash.

  • The UnionBank loan is easy to apply for and does not require a lot of documentation.

  • The application process is fully digital, which means it can be done on the app.

  • It is also one of the fastest loans to be approved and disbursed, which makes it ideal for emergency situations.

  • Whether it’s an unexpected car repair or a last-minute medical bill, UnionBank’s quick loan can help take the stress out of your situation.

Unionbank loan application process

The application process is simple and easy to complete, and once approved, the funds will be deposited into your account quickly so that you can handle whatever financial emergency you’re facing.

UnionBank loan requirements

  • The loan is offered to current UnionBank salary or deposit accountholders. If you are not an accountholder, you can apply online through the UnionBank website or through the UnionBank Online app.

  • If you qualify for a loan, you will be sent an invite code, which you need to activate the UnionBank Quick Loan application process.

  • You must provide your 12-digit account number or the last 5 digits of your ATM card number.

  • You must have a valid mobile number and e-mail address.

Loan calculator

The UnionBank loan calculator is a handy tool that allows you to determine how much you can borrow, the interest rate for the loan, and how much your monthly payment will be based on the loan term you’ve chosen. Using the loan calculator can help you compare different loans and see which one is best for your needs.

How to get Unionbank loan invite code?

The bank will send you a unique loan invite code if you are pre-qualified for the loan. You need the UnionBank loan code to proceed with the application process. If you don’t receive an invite, you can try applying on the UnionBank Quick Loan website to see if you qualify.

UnionBank runs pre-qualification checks and sends invite codes on a regular basis. So, if you don’t quality now, you’re likely to qualify in the future. Just continue to grow your savings account to increase the likelihood of prequalifying.

Unionbank reloan process

You can only apply for a new loan once your Quick Loan is fully paid. You have to wait for an SMS and email from UnionBank regarding your eligibility for a reloan. Keep in mind that even if you did not use your maximum loan amount, you cannot apply for the remaining amount until you have completed the payment of the previous loan.

How to pay Unionbank loan?

UnionBank sets up an auto-debit system to make it easy for you to pay for your loan. This means payment will be debited once a month from your payroll, current, or savings account.

Alternatively, you can make over-the-counter payments at any UnionBank branch nationwide. You can also use the UB Online app or website.

You can also pay through UnionBank payment partners:

  • Instapay (with PHP15 service fee)

  • Pesonet (with PHP25 service fee)

  • GCash

  • GrabPay

  • Maya

  • ECPay

  • 7-Eleven branches

What happens if I can’t pay?

You will be charged a late payment fee if you fail to pay on or after the due date. The fee will depend on the number of days

  • 1-30 days – PHP200

  • 1-2 months – PHP400

  • 2-3 months – PHP600

  • More than 3 months – PHP800

In the event that you default on your loan and fail to pay a portion or the entire loan, your savings or payroll account will be closed. There will a penalty charge of 36% per annum of the total outstanding amount. UnionBank may also take legal action against you.

Unionbank loan payment extension process

UnionBank does not give an extension for loan payments. However, you can contact the customer support to know your payment options.

How to check Unionbank loan balance?

You can view your outstanding balance in the UB Online mobile app. Make sure to enroll your Quick Loan account number first to access your loan balance.

Unionbank app

The mobile app is available for download from the Google Play Store, Apple Store, and Huawei App Gallery

How to apply for a loan in Unionbank app?

  • Login to your UnionBank Online app on your smartphone.

  • Click on “You qualify for a loan” and it will initiate the application process.

  • Key in your invite code when prompted.

  • The app will guide you on the next steps of the application.

  • Submit application and wait for the approval notification

Unionbank, customer service

  • Contact number:  (+632) 8841-8600

  • Email address: customer.service@unionbankph.com

  • Address: UnionBank Plaza Bldg., Meralco Ave. corner Onyx St., Ortigas Center, Pasig City, Philippines

Unionbank loan, reviews

UnionBank generally has a positive rating of 3.7 stars on the Google Play Store and 3.4 stars on the App Store. Users of the app praise the easy application process and arguably one of quickest disbursement of funds. However, there are still some complaints about less than satisfactory customer service and the occasional glitches experienced when using the app. But overall, UnionBank loan is a viable option for those who need quick access to cash.

Have you used the Unionbank loan? Share your experience here.
Kristia Dianne

I am still waiting for my reloan. 1 month and 1 week passed but still no update on my app or website account. Hoping for the reloan <3

Aries Pagaran

The crediting of loan was actually fast, but when i already paid off my loan & i want to make another loan, i have to wait daw for the maturity of loan and sa sms or email nila. Ang tagal ng process ng re-loan.

Lenlen Ramos

this is a good app help in every employee in case in needed.

Charisse Valenzuela

Very thankful po kasi sila ung nagpapaloan... Waiting po ulit ako ng offer na bigger amount para matapos n po bahay namin... Sna po may mag offer n sakin ulit... Slmat union bank

Sharon Tanala

Nong nag apply ako nang manila going abroad walang wala akong budget pero si union bank ang nag pa loan sakin ..one message on my phone at mag fill up ako sa quickloan . Subrang bilis nang approval

Sharon Tanala

Nong nag apply ako nang manila going abroad walang wala akong budget pero si union bank ang nag pa loan sakin ..one message on my phone at mag fill up ako sa quickloan . Subrang bilis nang approval


The app doesnt work, you cant see the payment reflecting, even after a month.This is why I am not confident in paying again untill I see my prior paymwnts were reflected.

Danmark Campos

Ang tindi nyo Union Bank willing naman mag bayad pero bakit wala kyong customer service walang mka usap pra mag request na mapa move yung deduction

Daniton Jr Lacson

Untill now I'm waiting via SMS or email from Unionbank I would like to avail again a quick loan I already fully paid my outstanding balance

Julie Mae Mahinay

hindi ko nabayaran ang loan before the due date.. after ng due date mayamaya ang calls, halos 3x a day, tapos nag auto deduct na sila sakin nung may pumasok sa account ko, pero singil pa din ng singil.

Arnyl Josephine Austria

Very accommodating

Gleenda Ballesteros

Hoping for second loan.... thank you ubp!!

Priscilla Palou

When i applied loan for the first time in UnionBank it was successful one & the disbursement is fast.


Fast approval and loan take out. Due for today but no auto debit takes place as of this moment, account funded naman


need the loan but payment per month is too high cant accept that,so high!


I tried to apply for a loan but I didn't finished my application. When I try to re apply the only option I have is pay for my loan..



Cresilda Cresilda

I am now trying to apply for a reloan

Bien Renegado Bautista

I had a failed process

Christopher Cataga

I am doing a loan renewal

Send your review
This article was updated on 24 july 2024