Guide on How To Apply for the UCPB Housing Loan
UCPB HOUSING LOAN – Here is a guide on how to apply for the United Coconut Planters Bank’s home loan offer for the public.
It is really a whole lot better if you have your own house and lot. The good thing now is that it is more achievable with the help of the banks in the Philippines like the United Coconut Planters Bank or UCPB. Many banks offer home loans to the public.
Under these home loan offers, a borrower can be assisted in purchasing his or her dream house. Some home loan offers are also open for the purpose of funding a house renovation, a house construction, a loan take-out, and a refinancing of a house purchase.
With regards to the UCPB Housing Loan offer, it is open to the above-mentioned purposes except for the loan take-out. Meanwhile, it has another offer – you may apply for a multi-purpose loan using your residential property as the collateral.
The UCPB Housing Loan is one of the best offers you can take in achieving your dream house. Here are some details about it based on the official website of the bank:
To be eligible for the home loan offer, the applicant must be:
- employed for at least 12 months in the company he or she is working for on the day of the application
- earning at least Php 30,000.00 as gross monthly income
- in a business for the last three(3) years (For self-employed applicants)
For the loan term…
With regards to the terms for the payment of the loan, the maximum loan term will depend on the purpose of the home loan application.
You may pay for the loan for up to ten(10) years if you applied for the purpose of funding the acquisition of a vacant lot, refinancing, or using your residential as a collateral for the multi-purpose loan.
On the other hand, if you applied for the loan for the purpose of residential property acquisition or house construction, the loan term may be up to twenty(20) years.
Loan Payment Options:
In paying for the loan through monthly amortizations which will depend on several factors, the payment can be done through post-dated checks or automatic debit arrangement on UCPB account.
The monthly amortization will depend on the loan term, the downpayment, and the amount that the borrower is willing to pay monthly. According to the bank, they can provide consultation services to check on the package that is specifically suited for the needs of the borrower.
How much is loanable under the UCPB Housing Loan?
With regards to the loanable amounts under this loan offer by UCPB, you may visit – UCPB HOME LOAN – Minimum & Maximum Loanable Amounts Under this Loan Offer.
Guide in Applying for the Housing Loan Offer:
To apply for the loan offer, you must gather the requirements and visit the nearest UCPB branch for the submission of your documents. Here is a list of the requirements in applying:
- Duly-accomplished Loan Application Form
- 2 valid Government-issued IDs
- Income documents
- For Locally Employed – Certificate of Employment and Latest Income Tax Returns
- For OFWs – Certificate of Employment, POEA-validated Crew Contract and Exit Pass for seaman, Payslips for the last 3 months, and Special Power of Attorney
- For Self-Employed – Articles of Incorporation / By-Laws / SEC Registration / DTI Registration, Audited Financial Statements, Bank Statements for the last six(6) months, and list of Trade Refereneces
With regards to the loan application form, you may obtain it from a branch of a bank or you may also download it from the official website of the bank. You may visit – https://www.ucpb.com.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: UCPB LOANS – List of UCPB Loan Offers You May Apply For