UnionBank Home Loan Requirements For Self-Employed Individuals — A GUIDE

List of UnionBank Home Loan Requirements for Self-Employed Individuals

UNIONBANK HOME LOAN REQUIREMENTS – For self-employed individuals, here is a guide on the documents required by the bank in applying for the offer.

In the Philippines, banks are among the entities that you can turn to for loans. There are many types of loans including a loan that finance the purchase of a residential property. One of the banks with the said type of loan offer is UnionBank.

UnionBank has been in the service of the Filipino people for decades already. It offers different kinds of bank accounts, credit cards, loans, investment products, and a lot more financial services. Aside from the UnionBank Auto Loan, the bank offers a Home Loan that can finance residential property purchases.

The loan offer is open not only for employed individuals but as well as self-employed ones. The UnionBank Home Loan requirements depend on the employment status of the loan applicant.

In the case of the self-employed individuals, here are the UnionBank Home Loan requirements for application:

• duly-accomplished and signed UnionBank Home Loan Application form
• proof of billing address
• Marriage Contract (if married) / Certificate of No Marriage (if single)
• valid Government Issued Identification Card for nominated Attorney in Fact (AIF) (if applicable)
• valid Alien Certificate of Registration (ACR) with permanent residency status and official receipt (if applicable)
• valid Government Issued Identification Card
  • any primary ID:
    • Passport
    • PhilID / ePhilID / Printed PhilID
    • Driver’s License
    • PRC ID
    • NBI Clearance
    • SSS ID / Unified Multipurpose ID (UMID)
    • GSIS e-card / GSIS ID (membership ID)
    • ID issued by the National Council on Disability Affairs
    • Senior Citizen Card (Digitized)
    • Overseas Workers Welfare Administration ID (Digitized)
    • Philhealth Insurance Card ng Bayan (Digitized)
    • Voter’s ID (Digitized)
    • OFW ID
    • Postal ID (Digitized)
    • Private company ID
    • IBP ID
    • School ID
  • or any two (2) of the secondary IDs:
    • Government office and GOCC ID
    • Seaman’s Book
    • Company ID issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC or IC
    • Barangay ID / Certification
    • Alien Certification of Registration / Immigrant Certification of Registration
• proof of income:
  • Business Permit
  • Securities and Exchange Commission (SEC) Registration
  • Department of Trade and Industry (DTI) Registration (if Sole Proprietorship)
  • Articles of Incorporation with By Laws and General Information Sheet (GIS) (if (Corporation)
  • Certificate of Incorporation (if Corporation)
  • Latest BIR stamped Income Tax Return (ITR) or Form 1701 with Audited Financial Statement
  • Trade Reference or List of Customers and Suppliers with Name, Office Number and Office Address

Aside from the personal documents of the borrower, there are also UnionBank Home Loan requirements pertaining to the collateral. It depends if the property is under a real estate developer or not.