Guide on UnionBank Home Loan 2024 Application Process
UNIONBANK HOME LOAN 2024 – You can check here a guide in applying for the Home Loan offer of the reputable bank.
Are you looking for a bank where you may apply for a home financing offer? Banks and lending companies are among the entities that you may turn to and there are reputable banks which include UnionBank.
UnionBank is in the service of the Filipino people for decades now. It offers savings and checking bank accounts, loans, credit cards, and many other financial offers. One of its loan offers is the UnionBank Home Loan. You may apply for it for the financing of any of the following:
- vacant residential lot
- house and lot
- townhouse
- condominium unit
Under the UnionBank Home Loan, the minimum loanable amount is Php 200,000. The maximum borrowing amount allowed by the bank is 60% of the Appraised Value of the Property or up to 90% of the Total Contract Price of the bank’s Accredited Real Estate Developers.
For the financing of a purchase of a house and lot and property under an accredited developer with buyback agreement, the bank allows a maximum loan term of 25 years. With regards to the purchase of a condominium unit, the maximum loan term of 20 years.
On the UnionBank interest rate, it will be based on the prevailing interest rate at the time of the releasing of the loan. The fixing term allowed by the bank is from one (1) year up to 15 years and the loan is a factor on the interest rate.
The loan offer is open not only for locally-employed and self-employed individuals but as well as overseas Filipino workers. The requirements for UnionBank Home Loan application depends if you are locally-employed, self-employed, or an OFW.