Guide on AUB Housing Loan Loanable Amounts
AUB HOUSING LOAN – Here is a guide on how much you may borrow under the home loan offer of Asia United Bank (AUB).
Many people want to achieve their own house before they reach the age of 30. However, not everyone is able to do it. Some have very little money left from their salary after paying all the monthly bills while others can hardly cope with household expenses.
Meanwhile, the good thing now is that there are options that can help you achieve your dream house. Which do you plan – buy a vacant lot and build your dream house on it or purchase a residential property wherein you can move in right away? You might be choosing among a house and lot, an apartment, a condominium unit, or a townhouse.
The options that can help you achieve your goal include loan offers. There are several banks in the Philippines with housing loan offers. One of them is the Asia United Bank.
More commonly called AUB, the home loan offer of the bank has stretched its loan term for up to 20 years. Thus, there is really an option for you should you wish to have light monthly installments.
How much you may borrow under the AUB Housing Loan offer? The bank has provided the minimum and maximum loanable amounts in applying for the said loan offers:
- Minimum Loanable Amount – Php 1,000,000.00
- Maximum Loanable Amount – up to 80% of the property’s appraised value
According to AUB, you can have the interest rate fixed for a year, 3 years, or 5 years. You may also pay through Automatic Debit Arrangement (ADA) to prevent missing a loan due and incurring penalties. What are the documents needed in applying for this loan offer? You may visit – LIST: Requirements for AUB Housing Loan Application.