Requirements for UnionBank Business Loan: Documents You Must Submit


UnionBank, one of the most reputable banks in the Philippines, offers a diverse range of services, including personal, business, and corporate solutions such as loans. Known for its esteemed position in the banking industry, UnionBank provides an excellent opportunity for trust companies, regardless of their size, to elevate their business operations. In particular, UnionBank offers a non-collateral Business Loan option, eliminating the need for applicants or businesses to present property as collateral during the loan application process.

Loan Details:

Under the UnionBank Business Loan offer, borrowers have the flexibility to repay the borrowed amount over a period of up to 36 months or three years. This extended repayment period allows businesses to manage their cash flow effectively and allocate resources strategically. By providing a reasonable timeframe for repayment, UnionBank aims to support businesses in achieving their financial goals and objectives.

Application Requirements:

The application for a UnionBank business loan is open to both sole proprietorships/partnerships and corporations. However, it’s important to note that the requirements for the UnionBank Business Loan offer may vary depending on the applicant’s business structure. To ensure a smooth and efficient loan application process, it is crucial to gather and submit all the necessary documents. The following sections outline the specific requirements for each business type.

Sole Proprietorship or Partnerships:

To apply for the UnionBank Business Loan as a sole proprietorship or partnership, you will need to provide the following documents:

a. Valid ID (Primary): A valid identification document that serves as your primary identification. This can be a government-issued ID such as a passport, driver’s license, or social security card.

b. Selfie Image: A recent photograph of yourself, commonly referred to as a selfie. This is used to verify your identity and ensure that the loan application is being made by the authorized person.

c. Business or Inventory Photo: A photograph capturing your business or inventory, showcasing its operations. This visual representation helps UnionBank understand your business activities and evaluate its potential for growth and success.

d. Proof of Business Existence: Choose at least one document from the following list, issued within three months before the date of your loan application:

  • Invoice/Official Receipt: An invoice or official receipt reflecting your business transactions. This document demonstrates that your business is actively engaged in commercial activities and generating revenue.
  • Purchase Order: A document indicating a customer’s order for your goods or services. This serves as evidence of the demand for your products or services, further supporting your business’s viability.
  • Electricity Bill: A recent bill showing your business’s electricity consumption. This document verifies the physical presence of your business premises and provides insight into its operational activities.
  • Water Bill: A recent bill demonstrating your business’s water usage. Similar to the electricity bill, this document confirms the existence and usage of your business location.
  • Internet Service Provider Bill: A recent bill from your internet service provider, highlighting your business’s internet connectivity. This document showcases your business’s reliance on digital infrastructure, indicating its alignment with modern business practices.


If you are applying for the UnionBank Business Loan as a corporation, the following additional requirement applies:

Board Resolution to Borrower: Please send an email to [email protected] to request the UBP template for the Board Resolution to Borrower. This document serves as an official declaration by the corporation, stating their intention to borrow funds. The board resolution typically includes details such as the loan amount, purpose of the loan, and authorized signatories.

Application Process:

To initiate the application process for a UnionBank Business Loan, kindly visit the nearest branch of UnionBank Philippines to your company or business. UnionBank has an extensive branch network throughout the country, ensuring convenient access for borrowers. Once you have identified the nearest branch, make an appointment or visit during business hours to meet with a loan officer.

During the meeting, submit all the required documents to the bank representative responsible for loan applications. It is essential to have all the documents prepared and organized to expedite the application process. The loan officer will review your documents, verify the information provided, and assess your eligibility for the loan offer.

The processing of your loan application can be completed as quickly as the same day you file your application. UnionBank values efficiency and understands the importance of timely access to funds for businesses. Therefore, they strive to provide prompt decisions on loan applications to support businesses in their financial endeavors.


UnionBank’s Business Loan offer presents an excellent opportunity for trust companies in the Philippines, regardless of their size, to secure funding without the need for collateral. By meeting the specified requirements and submitting the necessary documents, you can take advantage of this financial solution to fuel the growth and development of your business. UnionBank’s reputation in the banking industry ensures reliability and trust in their loan offerings.

Visit a UnionBank branch today and start the application process to take your business to new heights. The dedicated team of loan officers will guide you through the application process and provide the necessary assistance. UnionBank is committed to supporting businesses in the Philippines and contributing to their success. Whether you are a sole proprietorship, partnership, or corporation, UnionBank’s Business Loan is designed to cater to your unique financing needs. Seize this opportunity and unlock the potential of your business with UnionBank.

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CashLoanPH Changed status to publish 14/07/2023
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