Guide on UnionBank Auto Loan Requirements for Application
UNIONBANK AUTO LOAN REQUIREMENTS – Listed here are the documents required in applying for this UnionBank loan offer.
Nowadays, you do not have to wait for years so you can save up for a car purchase. There are reputable loan providers across the nation that are ready to finance a car purchase and let the client-car owner repay the loan in monthly installments.
Across the Philippines, one of the reputable banks with multiple offers is the UnionBank and its offers include the UnionBank Auto Loan. Under the offer, you can opt for light monthly installments as the loan term is extendable to up to five (5) years.
There are varying UnionBank Auto Loan requirements as the loan offer is open for both salaried and non-salaried individuals. It is even open for corporations.
Here is a guide on the UnionBank Auto Loan requirements for application:
For Locally Employed Individuals
- 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
- 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
As mentioned earlier, the loan offer is also open for corporations. Here are the UnionBank Auto Loan requirements for application to finance a vehicle purchase for business use:
- 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)
With regards to the proof of identity in applying for the UnionBank Auto Loan offer, the bank has set lists of primary and secondary IDs that it accepts. Here’s a guide:
Primary ID
- PhilID / ePhilID / Printed PhilID
- Passport
- Driver’s License
- PRC ID
- NBI Clearance
- GSIS e-card / GSIS ID
- SSS ID / Unified Multipurpose ID (UMID)
- Senior Citizen Card
- ID issued by the National Council on Disability Affairs
- Philhealth Insurance Card ng Bayan (Digitized)
- Overseas Workers Welfare Administration ID (Digitized)
- OFW ID
- Postal ID (Digitized)
- Voter’s ID (Digitized)
- TIN (Digitized)
- IBP ID
- School ID
- Private company ID, of companies regulated by SEC, BSP, IC (For companies enrolled in the Bank corporate payroll program)
Secondary ID
- 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 (for Employer companies that are not enrolled in UnionBank’s corporate payroll program)
- Alien Certification of Registration / Immigrant Certification of Registration
- Barangay ID / Certification
