Financing Company
UnionBank AutoLoan Express
UnionBank AutoLoan Express is UnionBank's digital-only auto loan channel with fully online application and e-signing. The entire process from application to disbursement can be completed without visiting a branch.
Interest Rate
6.56% – 14% p.a.
Loan Term
12 – 60 months
Down Payment
20%
Processing
1 – 2 business days
Requirements
Valid government-issued ID (passport, driver's license, or UMID)
Proof of income (latest 3 months payslips or ITR)
Proof of billing address (utility bill dated within 3 months)
Post-dated checks (PDCs) covering the loan term
Latest 3 months bank statements
TIN (Tax Identification Number)
Pros & Cons
Advantages
- Rates from 6.56% p.a. available for qualified applicants.
- Down payment starts at 20%, reducing the upfront cash barrier.
- Repayment terms of 12 – 60 months allow flexible monthly budgeting.
- Approval within 1 – 2 business days is quick compared to traditional bank channels.
- The entire process from application to disbursement can be completed without visiting a branch.
Drawbacks
- Maximum rate of 14% p.a. is above top-tier bank auto loan rates.
- Loan terms max at 60 months — shorter than the 60-month ceiling at major banks.
- Down payment of 20% may still be a barrier for first-time buyers on a tight budget.
- Processing of 1 – 2 business days may vary based on document completeness.
Frequently Asked Questions
What are the UnionBank AutoLoan Express interest rates in 2026?
UnionBank AutoLoan Express rates range from 6.56% – 14% p.a.. The exact rate depends on your credit profile, loan amount, and chosen repayment term.
How do I apply for UnionBank AutoLoan Express?
You can apply online through the platform. Prepare a valid ID, proof of income, and proof of billing address before starting.
What is the minimum down payment for UnionBank AutoLoan Express?
The minimum down payment is 20% of the vehicle price. A higher down payment reduces both monthly amortization and total interest paid.
How long does UnionBank AutoLoan Express approval take?
Expect approval within 1 – 2 business days. Complete and accurate documentation speeds up the process.
Can I use UnionBank AutoLoan Express for expressway-ready vehicles with RFID?
Yes, any vehicle financed through UnionBank AutoLoan Express can be equipped with Autosweep or Easytrip RFID. Most dealerships install RFID stickers at no extra cost during vehicle release.