SM UB-132 was a German Type UB III submarine or U-boat in the German Imperial Navy () during World War I. She was commissioned into the German Imperial Navy on 25 July 1918 as SM UB-132.
UB-132 was surrendered on 21 November 1918 in accordance with the requirements of the Armistice with Germany.
She was built by AG Weser of Bremen and following just under a year of construction, launched at Bremen on 22 June 1918. UB-132 was commissioned later the same year under the command of Oblt.z.S. Horst Obermüller. Like all Type UB III submarines, UB-132 carried 10 torpedoes and was armed with a deck gun. UB-132 would carry a crew of up to 3 officer and 31 men and had a cruising range of . UB-132 had a displacement of while surfaced and when submerged. Her engines enabled her to travel at when surfaced and when submerged.