How fast can I get loan from Union Bank?
A
Apply via the online application form and get approved in as fast as 5 minutes. Note that the fast approval process will depend on your eligibility and submission of complete requirements. In contrast, other banks may take at least five to seven banking days, or even longer, to approve a personal loan.
Personal Loan
Need quick cash to settle some of your personal needs? Get a loan of up to N15 million naira with your Union Bank salary account and pay back over 5 years. Features: Minimum monthly salary – N15,000.
Underwriting generally takes from a few days to a week, depending on the lender. In some cases, it can be done on the same day you apply. Disbursem*nt of funds: Once the loan terms are agreed upon, the loan funds are disbursed to the borrower, usually as a direct deposit or written as a check.
If you are approved, you can expect to receive funds in a few days to a few weeks, depending on the credit union. A low credit score generally won't automatically disqualify you from a personal loan from a credit union. However, lenders will check to ensure that you can repay the loan, especially if it's unsecured.
| Provider | Loan Amount | Approval Time |
|---|---|---|
| UnionBank Personal Loan | Up to ₱2 million | As fast as 5 minutes |
| UNO Digital Bank Personal Loan | ₱10,000 to ₱200,000 | 7 banking days |
| Metrobank Personal Loan | ₱20,000 to ₱2 million | 7 banking days |
| BPI Personal Loan | ₱20,000 to ₱3 million | 5 to 7 banking days |
After successfully submitting your application, you will receive an email from UnionBank notifying you of the status of your application. If your application is approved, the email that you will receive contains a link to activate your UB Online profile.
How to apply for UnionBank Personal Loan online? One (1) valid government-issued ID with photo and signature. For self-employed: Latest Income Tax Return (BIR Form 1701); and Audited Financial Statements (AFS) of the business with independent auditor's report and balance sheets and tax receipt.
Credit unions set firm lending criteria, but the way they're organized means they may be more lenient than other lenders toward borrowers with bad credit. If you have bad credit, you may have better luck finding a loan with better rates and terms at a credit union.
Quick Approval. While a Credit unions may have many branch offices and thousands of members, credit unions often have more streamlined operations than banks. This makes applying for and receiving a loan easier.
What is the easiest loan to get immediately?
Some of the easiest loans to get approved for if you have bad credit include payday loans, no-credit-check loans, and pawnshop loans. Personal loans with essentially no approval requirements typically charge the highest interest rates and loan fees.
The Loan approval process at ICICI Bank is simple, quick and instant. Once a customer's Personal Loan is approved, it takes only 3 seconds for the amount to be disbursed into your Account.
- Enter a few details and check your eligibility.
- Finish your online application on the LazyPay app.
- Get XpressCash instantly in your bank account.
Generally, you'll want a credit score of at least 640 to qualify for a loan, but the credit score requirement will vary by lender.
- Credit Score and History. An applicant's credit score is one of the most important factors a lender considers when you apply for a personal loan. ...
- Income. ...
- Debt-to-income Ratio. ...
- Collateral. ...
- Origination Fee. ...
- 4 Personal Loan Documents Your Lender May Require.
In addition, credit union members are able to vote in policies and make decisions that are more friendly to borrowers. This means your credit union loan approval odds are often more favorable than they would be if you choose to work with a larger, more impersonal lender.
Personal loans come in a wide range of amounts, from $1,000 up to $100,00.
| Schemes | CIBIL score | Interest Rate (p.a.) |
|---|---|---|
| Union Personal – Under Tie-up | 700 & above | 13.35% |
| below 700 | 13.45% | |
| Union Personal – Under Non Tie-up | 700 & above | 14.35% |
| below 700 | 14.45% |
With many lenders, you can get approved 48 hours and receive your funds as soon as the next business day after approval. Having all the essential documents ready to go will help prevent delays. These days, the process of applying for a personal loan is quick and hassle-free.
Primary card holder should be in the age bracket of 18 years to 65 years for salaried and 18 years to 70 years for professionals. Add-on card holder should be 18 years and above. Income Eligibility is 2.5 lakh per Annum. For Salaried class Form 16 / ITRs with latest Salary slip.
Is UnionBank Online application safe?
We make sure that you are able to perform financial transactions conveniently and securely using UnionBank Online, and We have provided you with the following features: Transaction Limits. You may set transaction limits for all kinds of Fund Transfers using UnionBank Online. Receive Money.
Stale checks (3 months older from the date of confirmation) will not be accepted. Any future date of the cheque will be accepted.
Eligible customers will receive an SMS and/or email notification from UnionDigital Bank, containing a unique invite code required for logging into the UD Loans application page.
REMINDER: Your loan account number can be found on your loan application form which was sent to your registered e-mail address.
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