Lists of UnionBank Auto Loan Requirements for Application
UNIONBANK AUTO LOAN REQUIREMENTS – You can check here the documents that UnionBank Philippines requires in applying for the loan offer.
Have you heard about the Auto Loan offer of UnionBank Philippines? You do not have to wait long to be driving your own car. It may help you achieve your dream so you can start enjoying the benefits of having your own vehicle.
The UnionBank is ready to finance the purchase of both brand new and pre-owned vehicles as well as brand new light trucks. It is open for individual applications as well as applications by partnerships and corporations.
For individual applications, here are the eligibility requirements set by the UnionBank for application:
- at least 21 years old but not more than 65 years old upon the loan application
- Filipino or foreign national married to a Filipino.
- not more than 65 years old upon the loan maturity
In applying for the loan offer, there are UnionBank Auto Loan requirements that must be submitted to the bank. The required documents vary among the loan applications made by individuals and corporations.
If you are applying for an individual loan application, here are the UnionBank Auto Loan requirements you must submit to the bank:
- duly-accomplished and signed UnionBank Auto Loan Application Form
- two (2) government-issued IDs with signature
- proof of billing address
- proof of income:
- If employed, submit the following:
- COE -Certificate of employment with compensation
- (3) months’ payslip
- Latest Income Tax Return (ITR)* -ITR is not required for loan amounts below Php 3,000,000
- If self-employed, submit the following:
- Business Registration papers (DTI, SEC if applicable)
- ITR with audited financial statements (2 years)
- Trade references
- If employed, submit the following:
In the case of applying for the UnionBank Auto Loan as a corporation, there is a different list of documents required by the bank. Here are the requirements that must be submitted to the bank:
- duly-accomplished and signed UnionBank Auto Loan Application Form
- Business Papers (SEC Registration, Articles of Inc and By-Laws and Latest GIS)Latest Income Documents
- Income Tax Return with Audited Financial Statement
- Proof of billing
- two (2) valid gov’t issued IDs (Directors/Officers in the GIS)
With regards to the valid IDs accepted by the UnionBank, the financial entity has a wide range of accepted IDs such as the following:
Any one (1) of the following:
- PhilID / ePhilID / Printed PhilID
- Passport
- Driver’s License
- PRC ID
- NBI Clearance
- GSIS e-card / GSIS ID
- SSS ID / Unified Multipurpose ID (UMID)
- Senior Citizen Card
- ID issued by the National Council on Disability Affairs
- Philhealth Insurance Card ng Bayan (Digitized)
- Overseas Workers Welfare Administration ID (Digitized)
- OFW ID
- Postal ID (Digitized)
- Voter’s ID (Digitized)
- TIN (Digitized)
- Private company ID
- IBP ID
- School ID
Any two (2) of the following:
- Government office and GOCC ID
- Company ID issued by private entities or institutions registered with or supervised or regulated either by the BSP, SEC or IC but not enrolled in the Bank’s corporate payroll program
- Seaman’s Book
- Alien Certification of Registration / Immigrant Certification of Registration
- Barangay ID / Certification
