Guide on the Requirements for UnionBank Business Loan
REQUIREMENTS FOR UNIONBANK BUSINESS LOAN – You can check the list below for the documents that you need to prepare in applying for the loan offer.
Banks are among the entities that you may turn to for loan offers. In the Philippines, there are small and big banking companies that you may turn to and they offer various type of loans. Are you looking for a bank that offers a business loan?
One of the trusted entities that you may turn to is UnionBank. It actually has several loan offers including a quick cash loan offer, a housing loan, and a car loan.
With regards to the UnionBank Business Loan offer, it is open for both small and big companies. It is a non-collateral loan offer thus applicants don’t need to present any property as a collateral in applying for the loan offer.
Under the UnionBank Business Loan, the maximum loan term is up to 36 months. The eligibility requirements for this UnionBank Business Loan offer is that the applicant must be a Filipino of legal age. The offer is open for both sole proprietorships or partnerships and corporations.
The following are the documentary requirements for the UnionBank Business Loan application:
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):
- Invoice/Official Receipt
- Water Bill
- Purchase Order
- Internet Service Provider Bill
- Electricity Bill
For corporations:
- Board Resolution to Borrower (please email support@seekcap.ph for UBP template)
To apply, go to a UnionBank branch nearest to you and submit your documents. The bank will evaluate your capacity to have a loan based on your documentary requirements.
You may also visit – UnionBank Car Loan: How To Apply & the Requirements in Applying