UnionBank Auto Loan

Thinking of buying your first car? UnionBank Auto Loan will help you find the right vehicle that will suit your need whether you're looking for Brand New Or Pre-Owned Cars, they will take care of it. Fast and easy auto loan processing with Flexible Payment Terms. Guaranteed low rates.

UnionBank Auto Loan

Get The Cheapest Car Loan Rates With UnionBank Auto Loan. Flixible Payment Term, Fast And Easy Application Online! Apply Now!

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Overview

Product Name:
UnionBank Auto Loan
Remarks:
Unionbank Auto Loan
Minimum Amount of Loan:
PHP200,000.00
Maximum Amount of Loan:
PHP5,000,000.00
Minimum Loan Tenure:
1 years
Maximum Loan Tenure:
5 years
Early Repayment:
Vehicle Insurance Included
No
Accepts Third Party Vehicle Insurance:
No
Accepts Third Party Credit Insurance:
No
Does Not Require Credit Insurance:
No
Payment Options:
Application Approval Time:
Minimum Processing of 1 day

Eligibility and Requirements

Age Range of Borrower:
21-65 years
Minimum Annual Income:
PHP600,000.00
Employment Work Status
Employed - Private Sector for 1 year
Employed - Government for 1 year
Self - Employed for 2 years
Professional for 2 years
Employed - BPO for 1 year
Employed - OFW/Seafarer for 1 year
Applicant Must Have A Landline Phone at Home or Office:
No
Need to Open Linked Bank Account:
No
Guarantor Requirements:
Collateral Requirements:

Vehicle Types and Loan Purpose

Eligible Vehicle Types:
Sedan
Sports Utility vehicle
Vehicle Loan Proceeds Can Be Used For:
Purchase of Brand New Car
Refinancing

Interest Rates Offered

Interest for Fixed Period Interest Rate Per Year: Effective Interest Rate Fixed Period:
Interest for 1 Year 11.90%
Interest for 1 1/2 Years 11.31%
Interest for 2 Years 10.50%
Interest for 3 Years 10.39%
Interest for 4 Years 10.63%
Interest for 5 Years 10.93%

FAQs

What are the general eligibility requirements for UnionBank car loan?

  • Applicant must be a Filipino citizen between 21 to 65 years old, with a total monthly income of PHP 50,000.00. Foreign nationals must be married to a Filipina to apply for a loan. Business entities like corporations and partnerships may also apply. Client must be 65 years old upon loan maturity.

What are the required documents for UnionBank auto loan application?

Employed:

  • COE - Certificate of employment with compensation
  • ITR – Latest
  • CFUSCA - Completely filled up application form

Self-Employed:

  • Business Registration papers (DTI, SEC if applicable)
  • Income Tax Return with audited financial statements (2 years)
  • Trade references
  • Completely filled up application form

How much can I borrow at UnionBank?

  • UnionBank offers a minimum loan amount of PHP 200,000.00

What is the minimum salary required for UnionBank car loan?

  • Applicant must have a total monthly income of PHP 50,000.00.

Apply for this loan, or compare with others.

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