List of UnionBank Auto Loan Interest Rates Based on Loan Term
UNIONBANK AUTO LOAN INTEREST RATES – Here is a list of the interest rates implemented by UnionBank under its car loan offer.
Nowadays, there are already several options in obtaining a car. In fact, you have a brand new car even without paying for the vehicle in full amount. You can start enjoying the benefits of having your own car while paying for it in installment basis.
How is it possible to get a vehicle without paying for it in full? The loans offered by the banks and lending companies can be the answers. Several banks in the country offer loans including the UnionBank.
With regards to the said UnionBank loan offer, you may apply for it whether you are into buying a new car or a pre-owned one. You just have to pass the eligibility qualifications first and comply the requirements.
There are only minimal eligibility qualifications in applying for the car loan. To be eligible for the offer, the applicant must be:
- a Filipino citizen
- between 21 to 65 years old
- earning at least Php 50,000.00 monthly
Based on an article on eCompare Mo, the loan offer is also open for foreign nationals provided that the applicant is married to a Filipino. The offer is also open for business purposes.
How much you can borrow under the said loan offer? You may visit – UnionBank Auto Loan – How Much You Can Borrow Under This Loan.
With regards to the UnionBank Auto Loan interest rates implemented by the bank, the loan term is one of the factors related to it. Based on the article, here is a list of the interest rates depending on the loan tenor:
- 1 Year Term – 11.90%
- 1 1/2-Year Term – 11.31%
- 2-Year Term – 10.50%
- 3-Year Term – 10.39%
- 4-Year Term – 10.63%
- 5-Year Term – 10.93%
Do you want to apply for this loan offer? You may visit – UNIONBANK LOAN – How To Apply For UnionBank Auto Loan Online.
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.
READ ALSO: UNIONBANK LOANS – Full List of the Loan Offers of UnionBank
