Guide on the Monthly Amortization Under the UnionBank Auto Loan Offer
UNIONBANK AUTO LOAN – Here is a guide on how much will be your monthly amortization under the car loan offer of UnionBank.
Aside buying a house, most people dream of purchasing a car. Having your own car brings a lot of benefits most especially if your work is far from home. It can get you to the office or to your destination at the time you wanted to arrive there.
Also, having your own car secures you more as you can control the speed. Undeniably, in riding public vehicles, there are risks as some drivers drive too fast. There are even cases that it seems like they are on a race against each other.
These are just a few of the reasons why getting a car can be an excellent and practical move. If you cannot pay for it in full yet, there are several options you may consider including a bank loan – like the offer of UnionBank.
Based on Moneymax, there is minimal eligibility requirements under the UnionBank Auto Loan offer. The applicant must be:
- at least 21 years old but not more than 60 years old at the time of application for the auto loan
- having a stable source of income
- an employed applicant must be on a permanent status for at least a year already on the day of the application
- a self-employed applicant must be running a profitable business for at least two(2) years already on the day of the application
Based on the article, with regards to applicants working abroad, there must be a co-maker. The co-maker should be a first-degree relative and must not be older than 65 years old on the day that the loan matures.
Do you want to know how much you will have to pay for the monthly amortization under the UnionBank Auto Loan? It will depend on the brand and model of the car you want, your downpayment, and the terms.
You may visit the bank’s official website for the loan calculator – https://autoloan.unionbankph.com/#start-car. In the said page, you may also begin your online application should you wish to.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
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