Guide on AUB Home Loan Features & Requirements
AUB HOME LOAN – You can check here the features and the requirements in applying for the Asia United Bank loan offer.
It is a whole lot different to be living in a house that you can call your own. You can set your own rules just like with regards to the curfew and you can do a lot to ensure the safety of your family and loved ones.
However, there is an undeniable truth that a residential property purchase requires thousands of money and not everyone is ready for it. Meanwhile, there are options that you may turn to just like the home loans offered by some banks in the country.
In the Philippines, one of the banks that offer a home loan is the Asia United Bank. The AUB Home Loan allows a minimum loanable amount of Php 1 million up to a maximum borrowing amount of up to 80% of the appraised value of the property.
Under the loan offer, the loan is payable for up to 20 years, The interest rate depends on the fixing term that you have chosen and here are the options:
- 7.00% for fixed 1 year
- 8.00% for fixed 3 years
- 8.25% for fixed 5 years
The AUB Home Loan offer is open for both salaried and non-salaried individuals. The requirements depend on the nature of the source of income of the borrower. Here’s a guide on the documents required for application:
Employed
- duly-accomplished and signed Asia United Bank Home Application Form
- photocopy of two (2) valid IDs each from the principal borrower and co-borrower
- photocopy of Marriage Contract or CENOMAR, as applicable
- photocopy of Certificate of Employment
- photocopy of latest three (3) months payslip
- photocopy of latest Income Tax return / BIR form 2316
Self-Employed
- duly-accomplished and signed Asia United Bank Home Application Form
- photocopy of two (2) valid IDs each from the principal borrower and co-borrower
- photocopy of Marriage Contract or CENOMAR, as applicable
- photocopy of Business Registration Papers i.e., SEC Registration / Articles of
Incorporation / By-laws / GIS or DTI Certificates Mayor’s Permit / Business Permit - photocopy of latest three (3) months bank statements
- photocopy of Audited Financial Statements (for the last 2 years)
- photocopy of Income Tax Return (for the last 2 years)
- list of major trade suppliers and customers w/ contact details (if applicable)
In applying for the AUB Home Loan offer, there are collateral documents required by the bank. Here are the collateral documents required for application:
- Copy of collateral title (TCT /CCT)
- Statement of Account, Reservation Agreement/ Contract to Sell**
- Photocopy of the lot plan / vicinity map / subdivision plan
- Photocopy of updated Tax Declaration, Tax Receipts and Tax Clearance
The Asia United Bank also got multiple vehicle loan offerss. One of them is the AUB Auto Loan.
