Guide on the Maximum Loanable Amount Under the UnionBank House Loan
UNIONBANK HOUSE LOAN – Here is a guide on how much is the maximum loanable amount under the UnionBank’s Home Loan offer.
Nowadays, acquiring a residential property is easier than before because of the presence of banks and lending companies that offer cash assistance. One of the banks that has this offer is the UnionBank.
The UnionBank Home Loan can help you acquire the property you want may it be a house and lot, a condominium unit, or a townhouse. As long as you pass the eligibility requirements, you may proceed with the application process.
Based on the official website of the bank, the following are the eligibility requirements set under the UnionBank House Loan offer:
The applicant must be:
- employed with a permanent status;
- self-employed with a business that is profitable for not less than two(2) years; or
- in a registered partnership of a business
- of legal age and not more than 65 years old on the date that loan reaches its maturity stage
- holding a good credit standing
With regards to the loanable amounts under the UnionBank House Loan offer, here is a guide on how much you can borrow:
- Minimum Loanable Amount – Php 500,000.00
- Maximum Loanable Amount – up to 90% of the selling price of the target property
For the payment of the loan, the tenor is up to twenty(20) years for locally employed borrowers and a maximum of fifteen(15) years for the overseas Filipino workers (OFWs).
For the interest rates, you may visit – UnionBank Home Loan Interest Rates.
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READ ALSO: UNIONBANK LOANS – Full List of the Loan Offers of UnionBank
