Guide on the UnionBank Auto Loan Requirements 2024 for Application
UNIONBANK AUTO LOAN REQUIREMENTS 2024 – Listed here are the documents required by the UnionBank in applying for the loan offer.
Are you looking for a bank that can help you achieve your dream car the soonest time possible? Banks are among the entities that provide car loans and many offers can finance the purchase of both brand new and pre-owned vehicles. One of these offers is the loan provided by UnionBank Philippines.
The UnionBank Philippines is one of the biggest, most popular, and most trusted banks in the country. It has several loan offers apart from the financial services such as credit cards and investment products. Aside from the UnionBank Credit Card, the bank also offers the UnionBank Auto Loan.
The UnionBank Auto Loan offer is ready to finance the purchase of brand new cars, second hand vehicles, and light trucks. It is open for individuals who meet the following eligibility requirements for application:
- Filipinos / Foreign nationals married to a Filipino / Partnerships / Corporations
- at least 21 years old but not more than 65 years old at the time of the loan application
- 65 years old and below upon the loan maturity
With regards to the UnionBank Auto Loan requirements that you need to submit in applying for the loan offer, the lists vary depending if the loan applicant is an individual, either employed or self-employed, or a corporation.
For locally-employed individuals, here are the documents required by the bank in applying for the loan offer:
- duly-accomplished and signed loan application form (attached)
- (2) Government issued IDs with signature
- Proof of billing address
- If you are employed, you will need to submit the following:
- COE -Certificate of employment with compensation
- (3) months’ payslip
- Latest Income Tax Return (ITR)* -ITR is not required for loan amounts below P3,000,000
For self-employed individuals, here are the documents required by the bank in applying for the UnionBank loan:
- duly-accomplished and signed loan application form (attached)
- (2) Government issued IDs with signature
- Proof of billing address
- If you are self-employed
- Business Registration papers (DTI, SEC if applicable)
- ITR with audited financial statements (2 years)
- Trade references
The loan offer is also open for corporations. Here are the UnionBank Auto Loan requirements for corporations:
- duly-accomplished and signed loan application form (attached)
- Business Papers (SEC Registration, Articles of Inc and By-Laws and Latest GIS)
- Latest Income Documents
- Income Tax Return with Audited Financial Statement
- Proof of billing
- 2 Valid gov’t issued IDs (Directors/Officers in the GIS)