How Much Is the AUB Salary Loan Interest Rate
AUB SALARY LOAN INTEREST RATE – Here are some details regarding the salary loan offer of the Asia United Bank (AUB).
Among the several types of loan that an applicant may apply for, the one with the most flexibility when it comes to the purposes it may serve is the personal loan or salary loan. In the Philippine, one of the banks that offer it is the Asia United Bank (AUB).
The AUB Salary Loan is a multi-purpose loan that is open for the employees of the bank’s accredited companies. Its payment is via salary deduction.
Based on the official website of the Asia United Bank, to be eligible for the AUB Salary Loan, the applicant must be a regular employees of an accredited company for at least one(1) year.
Also, the employee-applicant should have a basic salary of Php 10,000.00 per month and the monthly amortization should not be higher than 25% of his or her net income.
An applicant may borrow as much as Php 250,000.00 under the AUB salary loan. He or she may pay it up to a maximum of three(3) years or thirty-six(36) months.
With regards to the AUB Salary Loan interest rate, according to the bank, it is subject to the approval of the bank. Most likely, factors like the length of term and the amount will affect it.
In case you’re company is not yet accredited by the AUB, you may apply for its accreditation by complying the following requirements:
- Latest three (3) years Audited Financial Statement
- Latest General Info Sheet
- SEC Registration Certificate
- Company/Employee Profile
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