• Asia United Bank Housing Loan

    Asia United Bank Housing Loan

    Asia United Bank (AUB), situated in city of Pasig in Philippines, became a full-fledged commercial bank on a Halloween Day in 1997. A joint venture of Filipino industrialists and Taiwanese banks along with a few investors, it was one of the first and few banks to be given a full-branch authorization by the Monetary Board in the same year. Later in 2012, a license to upgrade it as an expanded commercial bank was acquired from the Bangko Sentral ng Pilipinas (BSP). The following year saw further growth with its new status as a universal bank.

    You’re probably eligible for an Asia United Bank Housing Loan if you are

    Asia United Bank Housing Loan Minimum Age

    No Info

     Asia United Bank Housing Loan Maximum Age

    No Info

    Asia United Bank Housing Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Asia United Bank Housing Loan Minimum Income

    Earn more than the minimum
    income required

    Your Asia United Bank Housing Loan amount eligibility is based on these factors

    Asia United Bank Housing Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    Asia United Bank Housing Loan Maximum Loan to property value

    Loan capped at 80% of the cost of property

    Asia United Bank Housing Loan EMI

    EMIs of other loans lower
    your eligibility

    Increase your eligiblility for Asia United Bank Housing Loan amount by these steps

    Asia United Bank Housing Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Asia United Bank Housing Loan Maximum Tenure

    Choose longer tenure loan up to 20 years

    Asia United Bank Housing Loan Add parents as Co-applicant

    Alternatively add your parents

    Documentation needed to apply for an Asia United Bank Housing Loan

    • 1.Duly filled housing loan application form
    • 2.Photocopy of ID such as driver's license, passport, SSS ID, Postal ID, PRC ID etc
    • 3. Copies of the last 6 months’ bank statements or deposit passbooks
    • 4.Documentation for salaried applicants:
      • Income Tax Return (ITR) copy with BIR or bank stamp of the last 1 year
      • Original copy of Certificate of Employment
      • Photocopy of last full month pay slip
    • 5. Documentation for self Employed applicants:
      • Photocopy of Business Certificate
      • Income Tax Return (ITR) copy with BIR or bank stamp

    Asia United Bank Housing Loan DetailsUpdated on 20 Jun 2018

    Asia United Bank Housing Loan Details
    Margin of Finance Up to 80%
    Tenure 20 years

    Housing Loans

    For most of the Filipinos, the acquisition of their homes is possibly one of the most important and prime assets that they will own. It could be a townhouse, an apartment block, or a villa. But the decision to build or purchase a house where the person (with family) shall live itself consume a great deal of contemplation, energy, time and most importantly, funds. Considering the sizable sum that one is expected to shell out when buying a property, practically every aspiring house owners use a mortgage, which is called as a housing loan.

    Home loan offers the customer the benefit of more practicable payment system as the money borrowed is spread over a specific number of years. This makes the repayment expenditure much lighter and the purchaser can pay back the debt at his/her convenience. It also lowers the burden of having to pay the hefty sum in one go. Furthermore, money thus saved can be directed to other investment options that can be later used to pay towards the principal amount. Home loans are also used for a prevailing one as well as for renovation.

    Asia United Bank Housing Loans

    One can avail up to 80% of the assessed cost of the property, while the minimum loan allowed is Php. 500,000. Repayment options are flexible with a tenure up to 20 years, with varied interest rates as per the sum borrowed and the deal used. The borrower can adjust or re-price the percentage of interest in order to safeguard himself/herself against inflation. Most financial expert agrees that a fixed interest rate is the best money-saver in the long run.

    Today, Philippine financial sector is in a reduced-interest-rate mode and this is encouraging people to take advantage of the situation. Upon contacting the nearest AUB branch, an official will brief the customer on the various home loans available and the current offers regarding the same. The home loan application forms can be collected from any AUB office. Along with the complete form, submitting a few documents is mandatory as listed below

    • Duplicates of at least two valid national identity cards of account holder(s)
    • Marriage certificate if applicable
    • Duplicate of collateral title (TCT/CCT). It could be owner’s duplicate of TCT/CCT
    • Bank account details and statement
    • Contract to sell
    • Reservation Agreement
    • Duplicate of the house plan and area map attested by a geodetic engineer
    • Duplicate of recent Tax Statement, Receipts and Clearance
    • Duplicate of the most recent Income Tax return/ BIR Form 2316
    • A certificate from the current employer
    • Duplicates of the last 3 months’ pay slips

    If the housing loan applicant is self-employed, another set of documents along with the above are to be given when applying as listed below

    • Duplicate copy of Business Registration Documents such as SEC Registration and Articles of Incorporation
    • Duplicate copies of by-laws, GIS or DTI Certificates
    • A copy of Mayor’s authorization to incept the business
    • Duplicates of the last three bank statements
    • Copies of Audited Financial Account Statements for the last 2 years
    • Duplicate of Income Tax Return for the last 2 years
    • List of business partners, raw material suppliers and clients (if applicable)
    • Contact details of main suppliers and one or two top customers (if applicable)

    For those who also want to apply for construction loan as part of the home loan, they need to submit a document with detailed building specifications, approved floor plan and bill of all construction materials purchased. Since the lending rates have dipped significantly, AUB pours home loan offers that can be approved fast if all the aforementioned criteria is met.

    Other Products from Asia United Bank

    Housing Loans By Bank
    Renovation Loan by Banks
    Housing Loan Refinancing by Banks
    More read on Housing loan
    Housing Loan Related Articles
    Interest Rates
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