Guide on UnionBank Auto Loan Offer Features & Application
UNIONBANK AUTO LOAN – You can check here the important details that can help you achieve your dream car the soonest time possible!
Are you excited to be driving your own car? The selling price of your dream vehicle may be scaring you but there are actually options that can help you turn that dream into a reality. Among these are loan offers by the reputable loan providers in the country.
The UnionBank Philippines is one of the trusted entities with a loan offer that can finance a car purchase. In fact, it is open to finance the purchase of both brand new and pre-owned vehicles.
In fact, the UnionBank Auto Loan offer can also finance the purchase of brand new light trucks. The bank has not posted the loanable amounts but the loan term may be extended to up to 60 months or five (5) years.
The interest rate depends if the client is paying a standard payment or with a one-month advance (OMA). Thus. there is really an option if you want much lower interest rates for your loan. Here are the interest rates that the UnionBank implements based on the loan term:
| TERM (in months) | STANDARD | w/ One Month Advance (OMA) |
| 12 | 6.56% | 5.68% |
| 18 | 9.19% | 8.29% |
| 24 | 12.14% | 11.19% |
| 36 | 18.18% | 17.16% |
| 48 | 24.72% | 23.61% |
| 60 | 31.76% | 30.57% |
Who are qualified to apply for the UnionBank Auto Loan offer? Here are the qualifications set by the bank for application:
- Filipino or foreign nationals married to a Filipino
- at least 21 years old at the time of the loan application
- not more than 65 years old upon the loan maturity
The above-mentioned qualifications are for individual applications. Meanwhile, the Auto Loan offer is also open for applications by partnerships and corporations.
