Guide on AUB Home Loan Features & Application
AUB HOME LOAN – The Asia United Bank wants to help you shelter the future of your loved ones by living under a secured roof.
Most individuals share the goal of having their own house and car. Are you one of the people who are planning to get a residential property of your own soon? You might be searching for a loan that can help you in the financing of your target.
Truth be told that most individuals acquire their homes through loans and many prefer to do so. Among the home loan providers in the Philippines are the banks and their offers come with different features.
Before applying for any loan offer, it is best to check on the feautures of home loan offers to find which one suits your target best. One of the reputable banks with a home loan offer in the Philippines is the Asia United Bank.
More popularly called AUB, the Asia United Bank is one of the trusted banks that is operating in the country since 1997. Through the AUB Home Loan offer, the bank is ready to help turn your dreams into a reality.
Under the AUB Home Loan offer, the borrowed amount is payable for up to 20 years. Here are the loanable amounts under the offer:
- Minimum Loanable Amount — Php 1 million
- Maximum Loanable Amount — up to 80% of the appraised value of the residential property
With regards to the interest rates, the interest may vary depending on the fixed term chosen. Here are the interest rates under the loan offer:
- 7.00% for fixed 1 year
- 8.00% for fixed 3 years
- 8.25% for fixed 5 years
The loan is payable through an Automatic Debit Arrangement or ADA. In this case, there is a lesser chance of missing a payment and incurring late payment penalties as long as there is a sufficient balance in your nominated account for the home loan monthly amortization.
