UnionBank Housing Loan

A perfect partner to help you purchase your dream home, UnionBank Housing Loan is a trusted home loan that provides easy financing plans that will definitely suit your need. Aside from purchasing a new home, it will allow you to purchase house & lot, condominium unit or even a townhouse. Refinancing is also available. Apply for UnionBank Home Loan with eCompareMo. We will make your home loan application process, fast and easy!

If you are looking for housing loan other than UnionBank, eCompareMo can help you with it. Ask us today and we will guide you every step of the way.

UnionBank Housing Loan

Get Your Dream Home With UnionBank Housing Loan. Fast Application, Low Interest Rates And Convinient Home Loan Terms. Apply Today!

Product Features

  • Get a loan of up to 90% of the property's selling price
  • With competitive interest rates with no hidden charges and surprise fees
  • Enjoy payment convenience option thru Automatic Debit Agreement

Overview

Product Name:
UnionBank Housing Loan
Remarks
Fast and Convenient Application
Minimum Amount of Loan:
PHP500,000.00
Maximum Amount of Loan:
PHP50,000,000.00
Minimum Loan Tenure:
1 years
Maximum Loan Tenure:
20 years
Maximum Fixed Period:
15 years
Early Repayment:
Property Insurance Included:
No
Accepts Third Party Property Insurance:
No
Accepts Third Party Mortgage Insurance:
No
Does not Require Mortgage Insurance:
No
Payment Options:
Application Approval Time:

Eligibility and Requirements

Eligible Property Types
House and Lot
Vacant Lot
Condominium
Townhouse
Home Loan Proceeds Can Be Used For:
Purchase of Property
Refinancing

Property Types and Loan Purpose

Age Range of Borrower:
21-65 years
Minimum Annual Income:
PHP600,000.00
Employment Work Status
Employed - Private Sector for 2 years
Employed - Government for 2 years
Self - Employed for 2 years
Professional for 2 years
Employed - BPO for 2 years
Employed - OFW/Seafarer for 2 years
Applicant Must Have a Landline Phone at Home or Office:
No
Need to Open Linked Bank Account:
No
Guarantor Requirements:
Collateral Requirements:
House and Lot,Condominium,Vacant Lot,Townhouse you can use the following as a collateral for your housing loan.

Fees and Charges/Penalties

Appraisal Fee
PHP3,500.00 within Metro Manila , PHP4,000.00 outside Metro Manila
Processing Fee
PHP3,500.00 within Metro Manila , PHP4,000.00 outside Metro Manila
REM-Documentary Stamps
PHP20.00 for the 1st PHP5,000.00 and PHP10.00 for succeeding PHP5,000.00
PN-Documentary Stamps
PHP1.00 for every PHP200.00 or a fraction thereof or PHP1,160,000.00/200 = PHP5,800.00
MRI
Loan amount / 1,000 x standard rate
Notarial Fee
Individual account PHP400.00, Developer PHP800.00

Interest Rates Offered

Interest for Fixed Period Interest Effective Interest Fixed Variable Period Interest Rate Per Year
1 year fixed period 9.00% 6.50%
3 years fixed period 9.25% 6.50%
5 years fixed period 9.75% 6.50%
10 years fixed period 11.00% 6.50%
15 years fixed period 12.00% 6.50%

FAQs

What are the eligibility requirements to apply for a UnionBank housing loan?

  • Employed individuals with regular or permanent status
  • Individuals with own business, profitable for at least 2 years, or a partner in a registered ownership
  • Of legal age, not more than 65 years old upon loan application, and must not exceed the age of 70 years upon loan maturity
  • With good credit standing

What are the documentary requirements?

Personal Data:

  • Completely filled out and signed UnionBank Home Loan Application Form
  • Clear Photocopy of Marriage Contract (if applicable)
  • Clear Photocopy of any government-issued ID with photo and signature

Locally Employed:

  • Latest Certificate of Employment indicating salary
  • Latest three (3) months pay slips

Overseas Filipino Worker (OFW):

  • Original Consularized Special Power of Attorney (SPA)
  • Passport with entry and exit stamps

Self-Employed:

  • Business Registration (DTI or SEC documents)
  • Latest six (6) months Bank Statements
  • Financial Statements
  • Income Tax Return (ITR)
  • List of three (3) suppliers/customers with contact numbers (landline)

Collateral Documents:

  • Contract to Sell or Reservation Agreement
  • Statement of Account

Can I buy a property even outside Metro Manila?

  • Yes. UnionBank lets you buy a property outside of Metro Manila through their accredited developers.

How can eCompareMo help me get the best Home loan Deal?

  • eCompareMo provides Home Loans from the leading banks. Enter the loan details you prefer and the website will provide you with matching home loans. After choosing the right Housing Loan product, eCompareMo will assist you through the loan application, free of charge.

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