UnionBank Auto Loan: Who Are Qualified to Apply For It

Guide on UnionBank Auto Loan Qualification

UNIONBANK AUTO LOAN – Here is a guide on who are qualified to apply for the auto loan offer of UnionBank Philippines.

Are you planning to get a car soon? Many individuals who are into getting a four-wheeled vehicle want to push through their plans under a loan offer. In fact, many individuals who have huge savings in their accounts would rather have a monthly loan due than pay a huge amount on a one-time payment. They would love to put their money somewhere else where it can grow.

For most cases, a one-time payment for a car purchase is heavy so they point to loans. There are several banks and lending companies in the Philippines that offer car loans. One of them is UnionBank.

UnionBank Philippines may assist you in both getting a brand new car or a pre-owned one. It is even open for application for the purpose of a light truck acquisition.

Who are qualified to apply for the UnionBank Auto Loan offer? The bank has set a few qualifications in applying for its offer. To be eligible to apply for it, the applicant must be:

• at least 21 years old upon the loan application
• not older than 65 years old upon the loan maturity
• a Filipino, a foreign national married to a Filipino, business entities like corporations, or partnerships

According to UnionBank, you may pay for the loan in 12, 18, 24, 36, 48, or 60 months. The interest rate would depend on your chosen loan term and whether you want to have it under a standard payment or with a one-month advance (OMA). Under the latter, the interest rates are lower compared to the standard rates.

Furthermore, the date of the application may also be a factor with regards to the interest rate. The bank stated that the confirmation of the accepted rates of the client may take place upon the signing of the Customer Acceptance Form (Quotation Form). Do you want to apply for it? – Unionbank.

You may also visit – UnionBank Quick Cash Loan: Who Are Qualified to Apply For It