We live in an era where time is money. However, given today’s commuting conditions, we end up wasting more time than ever getting from one place to the other. The development of public transport in Philippines is still not at par with other developed countries, which is why a majority of the population still depends on personal vehicles for transport. Given the choice of auto loans available in the market, it has become easier than ever to own a car. So, if you are planning to purchase your next vehicle, the Asia United Bank Auto Loan is a great option to consider.
You’re probably eligible for an Asia United Bank Car Loan if you are
Salaried or self-employed
with regular income
Earn more than the minimum
Your Asia United Bank Car Loan amount eligibility is based on these factors
EMIs of other loans lower
Increase your eligible Asia United Bank Car Loan amount by these steps
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Documentation needed to apply for an Asia United Bank Car Loan
- 1.Filled application form.
- 2. Two valid ID’s
- 3. Income Tax Return
- 4. Certificate of Employment (for employed applicants)
- 5. DTI Registration (for Sole Proprietors)
Asia United Bank Car Loan DetailsUpdated on 03 Dec 2016
About Asia United Bank
Established in the year 1997, the Asia United Bank Corporation or AUB is one of the leading commercial banking institutions in Philippines that offers a wide array of personal and commercial financial services. Started off as a joint initiative between a group of Filipino industrialists and Taiwanese banks, Asia United Bank is now a publicly listed company with a network of over 170 plus branches across the country.
Overview of Asia United Bank Auto Loan
Availing loans is the easy part, but the type of auto loan and features chosen have a significant impact on the customer’s finances. Hence while procuring a loan, it is imperative for users to ensure that all features and benefits and economical and beneficial to them.
Asia United Bank Auto loan can be availed by customers looking for a loan that does not place a very heavy burden on their pockets and are flexible in tenure along with the availability of a high loan quantum. In addition to this, customers also need not worry about undergoing undue hassles while procuring it and the need for excessive documentation and approvals.
Owning a car is one of the best experiences in any Filipinos life, procuring a loan for the same should also be an easy process and a good experience. The Asia United Bank Car Loan is perfect for Filipinos.
Documents Requirements for AUB Car Loan
In order to apply for this loan, all that customers need to do is approach an Asia United Bank representative and submit the following documents.
- Properly filled application form
- 2 valid ID’s
- Income Tax Return
- Certificate of Employment (for employed applicants)
- Bank Statement for the last 6 months
- DTI Registration (for Sole Proprietors)
- Latest FS
FAQs about AUB Car Loan
- What is the minimum amount of loan that can be procured by customers from Asia United Bank for the purpose of buying a car?
- What is the loan repayment tenure offered?
- How can customers repay their loan to Asia United Bank ?
- What are the documents required in order to procure this loan?
The minimum amount that customers can avail in order to buy a car is P200,000.
The loan repayment tenure is flexible and varies between 12 months or one year to 60 months or five years.
Customers can repay their loan through either an auto debit arrangement against an account with Asia United Bank or through post dated cheques.
The list of documents required are as follows -
- The application form that has been filled out completely.
- Two identity proofs.
- Income Tax Return.
- An employment certificate.
- Bank statement for the previous six months.
- DTI registration.
- Most recent financial statement.
This loan can be utilized to purchase a large variety of cars.