Check the Lists of AUB Home Loan Requirements You Must Submit To Apply

AUB HOME LOAN 2024 – Here are the application steps and the documents required by the Asia United Bank in applying for the loan offer.

It is so much different to be living in a house that you can call your own. Having a residential property is a dream that is common among a lot of individuals. It can be a vacant lot where the dream house can be built, a house and lot, a condominium, unit, a townhouse, or another residential property. There are banks that can help you achieve it.

In the Philippines, one of the banks that you may turn for a residential property purchase financing is the Asia United Bank. More popularly called AUB, the bank actually has several loan offers including salary loans, commercial loans, and the AUB Motorcycle Loan.

With regards to the AUB Home Loan 2024 offer, the minimum loanable amount is Php 1 million and the client may borrow up to 80% of the appraised value of the property. The loan can be repaid for up to 20 years.

Under the Asia United Bank or AUB Home Loan offer, there are varying interest rates depending on the fixed term option that you have chosen. Here’s a guide on the interest rates set by the bank:

• 7.00% for fixed 1 year
• 8.00% for fixed 3 years
• 8.25% for fixed 5 years

The loan offer is open for both salaried and non-salaried individuals. There are varying documentary requirements depending on thr nature of your source of income.

Employed Individuals. Here are the documents that must be submitted to the Asia United Bank for the loan application if you are an employed individual:

• duly-completed and signed AUB Home Loan Application Form
• photocopy of two (2) valid IDs each from the principal borrower and co-borrower
• photocopy of Marriage Contract or CENOMAR, as applicable
• photocopy of Certificate of Employment
• photocopy of latest three (3) months payslip
• photocopy of latest Income Tax return / BIR form 2316

Self-Employed Individuals. There is a different set of the AUB Home Loan requirements for application for the self-employed individuals. Here are the documents that the bank requires for the application:

• duly-completed and signed AUB Home Loan Application Form
• photocopy of two (2) valid IDs each from the principal borrower and co-borrower
• photocopy of Marriage Contract or CENOMAR, as applicable
• photocopy of Business Registration Papers i.e., SEC Registration / Articles of
• Incorporation / -laws / GIS or DTI Certificates Mayor’s Permit / Business Permit
• photocopy of latest three (3) months bank statements
• photocopy of Audited Financial Statements (for the last 2 years)
• photocopy of Income Tax Return (for the last 2 years)
• list of major trade suppliers and customers w/ contact details (if applicable)

Aside from the personal documents of the loan applicant, the AUB Home Loan requirements also include collateral documents. Here are the collateral requirements needed in applying for the loan offer:

• Copy of collateral title (TCT /CCT)
• Statement of Account, Reservation Agreement/ Contract to Sell
• Photocopy of the lot plan / vicinity map / subdivision plan
• Photocopy of updated Tax Declaration, Tax Receipts and Tax Clearance