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Showing posts with label Filipino. Show all posts
Showing posts with label Filipino. Show all posts

Tuesday, November 06, 2018

Average Filipinos Are Doing Better Under President Duterte — Forbes

A report from Forbes Magazine said that the average Filipino is doing better under President Rodrigo Duterte's administration. The negative effect of the high inflation rate does not reflect a failure of leadership but apparently, it shows otherwise. Many Filipinos especially overseas Filipino workers (OFW) are also pessimistic and still believe that the country is on the right track with the leadership of the present administration.
A report from Forbes Magazine said that the average Filipino is doing better under President Rodrigo Duterte's administration. The negative effect of the high inflation rate does not reflect a failure of leadership but apparently, it shows otherwise. Many Filipinos especially overseas Filipino workers (OFW) are also pessimistic and still believe that the country is on the right track with the leadership of the present administration. Ads Sponsored Links Panos Mourdoukoutas, Forbes.com contributor, based his assessment on a report of Tradingeconomics.com that the Philippines’ per-capita gross domestic product (GDP) registered a record high of USD2,891.36 in 2017. The all-time high per-capita GDP was well higher than the average USD1,627.98 from 1960 to 2017. The report, titled “The Philippines’ Per-Capita GDP Has Reached An All-Time High Under Duterte,” said Filipinos are doing better under Duterte when per-capita GDP is adjusted by purchasing power parity (PPP). “That measure, too, reached a record USD7,599.19 in 2017, well above of USD4,969.71 for the period 1990-2017,” it added. The GDP per capita is obtained by dividing the country’s GDP, adjusted by inflation, by the total population. “Macroeconomic stability has helped the Philippines economy demonstrate a great deal of resilience in recent years. At the end of 2017, it grew at an annual 6.9 percent in the September quarter. That’s the strongest growth since the third quarter of 2016. And the Philippines’ economy was still growing at 6 percent at the end of 2018,” the report said. McKinsey Global Institute (MGI) said that the Philippines is lined with the emerging market economies “that are well-prepared to achieve sustained growth over the next decade”. MGI cited the increase in gross fixed capital formation (investment) which “reached PHP695,414.08 million in the second quarter of 2018 from roughly PHP450,000 million in July of 2015 — well above the PHP303,138.16 million for the period 1998 until 2018, and an all-time high”. However, the Philippines’ per capita GDP is equivalent to 23% of the world’s average which makes an impression that Filipinos are poor. Mourdoukoutas advised the Duterte administration to “keep an eye on the price of bread and rice” rather than celebrate the record per capita GDP. Mourdoukoutas also said that President Duterte should look at his human rights record as well. Filed under the category of Forbes Magazine,Filipino, President Rodrigo Duterte, high inflation rate, overseas Filipino workers

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 Panos Mourdoukoutas, Forbes.com contributor, based his assessment on a report of Tradingeconomics.com that the Philippines’ per-capita gross domestic product (GDP) registered a record high of USD2,891.36 in 2017.



The all-time high per-capita GDP was well higher than the average USD1,627.98 from 1960 to 2017.

The report, titled “The Philippines’ Per-Capita GDP Has Reached An All-Time High Under Duterte,” said Filipinos are doing better under Duterte when per-capita GDP is adjusted by purchasing power parity (PPP).

“That measure, too, reached a record USD7,599.19 in 2017, well above of USD4,969.71 for the period 1990-2017,” it added.

The GDP per capita is obtained by dividing the country’s GDP, adjusted by inflation, by the total population.

“Macroeconomic stability has helped the Philippines economy demonstrate a great deal of resilience in recent years. At the end of 2017, it grew at an annual 6.9 percent in the September quarter. That’s the strongest growth since the third quarter of 2016. And the Philippines’ economy was still growing at 6 percent at the end of 2018,” the report said.

 McKinsey Global Institute (MGI) said that the Philippines is lined with the emerging market economies “that are well-prepared to achieve sustained growth over the next decade”.

MGI cited the increase in gross fixed capital formation (investment) which “reached PHP695,414.08 million in the second quarter of 2018 from roughly PHP450,000 million in July of 2015 — well above the PHP303,138.16 million for the period 1998 until 2018, and an all-time high”.

However, the Philippines’ per capita GDP is equivalent to 23% of the world’s average which makes an impression that Filipinos are poor.

Mourdoukoutas advised the Duterte administration to “keep an eye on the price of bread and rice” rather than celebrate the record per capita GDP.
Mourdoukoutas also said that President Duterte should look at his human rights record as well.
Filed under the category of Forbes Magazine,Filipino, President Rodrigo Duterte, high inflation rate, overseas Filipino workers 
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A report from Forbes Magazine said that the average Filipino is doing better under President Rodrigo Duterte's administration. The negative effect of the high inflation rate does not reflect a failure of leadership but apparently, it shows otherwise. Many Filipinos especially overseas Filipino workers (OFW) are also pessimistic and still believe that the country is on the right track with the leadership of the present administration. Ads Sponsored Links Panos Mourdoukoutas, Forbes.com contributor, based his assessment on a report of Tradingeconomics.com that the Philippines’ per-capita gross domestic product (GDP) registered a record high of USD2,891.36 in 2017. The all-time high per-capita GDP was well higher than the average USD1,627.98 from 1960 to 2017. The report, titled “The Philippines’ Per-Capita GDP Has Reached An All-Time High Under Duterte,” said Filipinos are doing better under Duterte when per-capita GDP is adjusted by purchasing power parity (PPP). “That measure, too, reached a record USD7,599.19 in 2017, well above of USD4,969.71 for the period 1990-2017,” it added. The GDP per capita is obtained by dividing the country’s GDP, adjusted by inflation, by the total population. “Macroeconomic stability has helped the Philippines economy demonstrate a great deal of resilience in recent years. At the end of 2017, it grew at an annual 6.9 percent in the September quarter. That’s the strongest growth since the third quarter of 2016. And the Philippines’ economy was still growing at 6 percent at the end of 2018,” the report said. McKinsey Global Institute (MGI) said that the Philippines is lined with the emerging market economies “that are well-prepared to achieve sustained growth over the next decade”. MGI cited the increase in gross fixed capital formation (investment) which “reached PHP695,414.08 million in the second quarter of 2018 from roughly PHP450,000 million in July of 2015 — well above the PHP303,138.16 million for the period 1998 until 2018, and an all-time high”. However, the Philippines’ per capita GDP is equivalent to 23% of the world’s average which makes an impression that Filipinos are poor. Mourdoukoutas advised the Duterte administration to “keep an eye on the price of bread and rice” rather than celebrate the record per capita GDP. Mourdoukoutas also said that President Duterte should look at his human rights record as well. Filed under the category of Forbes Magazine,Filipino, President Rodrigo Duterte, high inflation rate, overseas Filipino workers
A Filipino woman faked her own death and stole her sister’s identity just to apply for a passport. Unfortunately, she is now about to lose her U.S. citizenship. Identity theft is a serious crime. Ads Sponsored Links A 43-year-old Emilita Arindela, of Mount Desert Island, was sentenced to 10 days in jail for making a false statement on her passport application in federal court in Maine. It’s unclear if she will be stripped off of her American citizenship by federal authorities but it is more likely to happen. Prosecutors say Arindela was already married when she married an American man in 2000. She moved to the U.S. in 2002 and later became a naturalized citizen, using her sister’s name. Arindela left her second husband and married another man in 2007. Arindela’s lawyer says his client escaped an abusive marriage in the Philippines and has been a obedience to the US laws. Filed under the category of Filipino woman , passport, U.S. citizenship, Identity theft
In spite of the rising prices of commodities and services and others due to the high inflation rate, many Filipinos believe that the country is on the right track. Just recently, the new minimum fare is being set to P10 while the minimum wage remains stuck. That is what the latest SWS survey indicates. Ads Sponsored Links The latest survey shows that from 70% in the second quarter of this year, the statistics went up to 75%. On the other hand, only 22% believed the Philippines is in the wrong path while 3% of the 1,500 respondents did not give an answer during the conducted survey. Malacañang welcomes this result as a vindication that the administration is doing their job the keep the country on track. “PRRD emphasized in numerous occasions that as government workers, we are here to serve the people. Our objective as public servants is thus being able to perform our respective duties well,” Presidential spokesperson Salvador Panelo said. “Therefore, we treat the results of this recent survey not as an accolade but as an inspiration for our men and women in the government as they persist in carrying on with their roles in the service,” Panelo added. According to the presidential spokesperson, the strong public appreciation would further engage the Filipino people in supporting the Duterte administration in building “a nation where all Filipinos can experience comfortable and decent lives under a trustworthy government.” Filed under the category of commodities and services, high inflation rate, Filipinos, minimum fare, minimum wage, SWS survey
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Tuesday, October 30, 2018

Pipe Bomb Suspect Claims He Has Filipino Blood

The man who is a suspect for sending allegedly sending explosives via mail to many prominent people in the US including former presidents was arrested recently. The Florida based suspect who claims to be a supporter of US President Donald Trump also claims to come from Filipino descent. 

The man who is a suspect for sending allegedly sending explosives via mail to many prominent people in the US including former presidents was arrested recently. The Florida based suspect who claims to be a supporter of US President Donald Trump also claims to come from Filipino descent. Ads Sponsored Links Cesar Altieri Sayoc, the Florida man arrested for allegedly sending pipe bombs to prominent Democratic and media figures across the USA recently which includes Obama, Clinton, Soros, former attorney general Eric H. Holder Jr. and Rep. Maxine Waters (D-Calif.), claims Filipino descent. The suspect says his grandfather was a prominent surgeon in the Philippines, while his cousin said Sayoc’s father is Filipino and his mother is Italian. The white van he used to throw pipe bombs is covered with images of Trump and Mike Pence. It also had faces of Hillary Clinton, film-maker Michael Moore and CNN’s Van Jones, with target symbols over their faces. Ronald Lowy, Sayoc’s family lawyer, said he believed Sayoc was mentally ill. If convicted, he will face 48 years of imprisonment. Public records that the media has, revealed that the suspect has outstanding cases of “grand theft in the third degree” in 1991 and was sentenced for threats to “throw, place, project or discharge any destructive device” in 2012. In May 2014, Sayoc pleaded no contest to felony charges of grand theft and battery in Broward County, according to court filings. Meanwhile, Presidential spokesperson Salvador Panelo said that their perverted desire to spread terror is what makes the terrorist and not their ancestry or nationality. “Terrorists know no race or ethnicity. They could be of any nationality or a descendant of any nationality,” Panelo said on a statement. Filed under the category of explosives, former presidents, Florida, US President Donald Trump, Obama, Clinton, Soros, Filipino, Cesar Sayoc

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Cesar Altieri Sayoc, the Florida man arrested for allegedly sending pipe bombs to prominent Democratic and media figures across the USA recently which includes Obama, Clinton, Soros, former attorney general Eric H. Holder Jr. and Rep. Maxine Waters (D-Calif.), claims Filipino descent.
The suspect says his grandfather was a prominent surgeon in the Philippines, while his cousin said Sayoc’s father is Filipino and his mother is Italian.

The white van he used to throw pipe bombs is covered with images of Trump and Mike Pence. It also had faces of Hillary Clinton, film-maker Michael Moore and CNN’s Van Jones, with target symbols over their faces.

Ronald Lowy, Sayoc’s family lawyer, said he believed Sayoc was mentally ill. If convicted, he will face 48 years of imprisonment.

Public records that the media has, revealed that the suspect has outstanding cases of “grand theft in the third degree” in 1991 and was sentenced for threats to “throw, place, project or discharge any destructive device” in 2012.
In May 2014, Sayoc pleaded no contest to felony charges of grand theft and battery in Broward County, according to court filings.

Meanwhile, Presidential spokesperson Salvador Panelo said that their perverted desire to spread terror is what makes the terrorist and not their ancestry or nationality. 
“Terrorists know no race or ethnicity. They could be of any nationality or a descendant of any nationality,” Panelo said on a statement.
Filed under the category of explosives, former presidents, Florida, US President Donald Trump, Obama, Clinton, Soros, Filipino, Cesar Sayoc
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The overseas Filipino workers (OFW) helps the economy by the remittances they send to their family which is spent on their daily needs making local commerce move. In spite of the help they give to the economy, OFWs are often vulnerable to abuse and maltreatment abroad especially those who are deployed as household service workers (HSW). Due to lack or very little knowledge about their rights, many OFWs needs equipping and protection. Recently, two pro-OFW bills were already approved in the House Of Representatives: HB 8110 and HB 1700 which aims to empower and protect the OFWs. Ads Sponsored Links The House of Representatives has approved on second reading two measures aimed at empowering and protecting overseas Filipino workers (OFWs). In a statement by Bagong Henerasyon Party-list Rep. Bernadette Herrera-Dy, she said that the Congress approved House Bill (HB) No. 8110, which proposes a standard handbook on the rights and responsibilities of OFWs, and House Bill 1700, granting OFWs the right to equal protection on money claims. Under HB 8110, the Philippine Overseas Employment Administration (POEA) is mandated to develop, publish, disseminate, and update a handbook on the rights and responsibilities of migrant workers. They shall also be the lead agency in implementing an intensified program against illegal recruitment activities. The bill also provides that the handbook shall be written in words that can be easily understood, with translation in the local language as may be necessary. On the other hand, HB 1700 is seeking to amend Republic Act No. 8042, or the “Migrant Workers and Filipino Migrants Act of 1995”, by removing the clause "or for three months for every year of the unexpired term whichever is less" found on the fifth paragraph of Section 10 of the law which refers to money claims for the unexpired portion of a migrant worker's contract. Under the measure, a worker shall be entitled to the full reimbursement of his placement fee and deduction made with interest at 12% per annum in case of termination of overseas employment without just, valid or authorized cause as defined by law or contract, or any unauthorized deduction from the migrant worker’s salary. Filed under the category of overseas Filipino workers, remittances, economy, abuse, maltreatment, household service workers, HB 8110, HB 1700, House Of Representatives, OFW, HSW

Natural remedies have long been used in the Arab world to treat a range of health issues, including these seeds and herbs that are thought to have various benefits. Unlike synthetic drugs that could damage your liver in the long run, herbal medicines can cure illnesses without damaging your internal organs. Ads </ Sponsored Links Black cumin seed According to Islamic tradition, the black cumin seed is a powerhouse of health benefits. It is thought to help with immune-related, digestive and respiratory issues and has antihistamine, anti-inflammatory, and anti-oxidant properties. Cloves Cloves and clove oil have been used in dentistry since as early as the 19th century. It is known to contain antiseptic and anti-inflammatory chemical eugenol. Turmeric Turmeric contains the chemical curcumin that is thought to decrease inflammation in the body. Thyme Thyme has been used for centuries to treat such medical conditions as diarrhea, stomach ache, arthritis and sore throats due to the presence of thymol, an antiseptic agent. Fennel seeds A concentrated source of minerals like copper, potassium, calcium, zinc, manganese, vitamin c, iron, selenium and magnesium, fennel is thought to do everything like regulating blood pressure and easing water retention as it’s a known diuretic. Anise Anise oil contains thymol, terpineol, and anethole, which are known remedies for a cough and flu cases. Anise is also known to help improve digestion, alleviate cramps and reduce nausea. Filed under the category of Natural remedies, Arab, health issues, seeds and herbs, synthetic drugs, herbal medicines, a cure.
Many Filipinos especially those in the remote areas of the country. They can only avail of medical attention once in a blue moon through medical missions coming from non-government organizations (NGO's) and other health advocacy groups. Instances also happen where citizens, even at the heart of the city suffer illnesses and just succumb to their deaths without having treated due to expensive medications and hospitalization. Soon, all Filipinos will have access to free health services including the families of the overseas Filipino workers (OFW). This situation is about to change as the new universal health bill was already approved and soon to be enacted as a law. The Senate passed on third and final reading a bill that seeks to provide adequate health care services to Filipinos. The senators unanimously voted for the approval of Senate Bill #1986 also known as the "Universal Health Care Bill." President Rodrigo Duterte wanted it to be certified urgent and called for the proposed measure's passage at the Senate. Ads Sponsored Links With this law being enacted, Filipinos will be given health care coverage and benefits under the National Health Security Program, which replaces the National Health Insurance Program or Philhealth. Under the universal health care law, "contributors" or those who have the capacity to pay will have to pay for their premiums while the government will shoulder the contributions of non-contributors. Funds for the subsidy will be included in the annual General Appropriations Act as well as sin taxes from cigarettes will also be a major source of funding for the policy. Presidential Spokesperson Harry Roque, who authored the bill when he was still a party-list representative, thanked the Senate for passing what he considers to be a "groundbreaking" law. The House of Representative had previously passed a version of the bill (House Bill No 5784) in September 2017. The President's move in certifying the bill as urgent shows the administration's "unrelenting commitment to provide the marginalized and disadvantaged with sufficient and better health care services," Roque said. Filed under the category of Filipinos, non-government organizations (NGO's), health advocacy groups, free health services, universal health bill, Senate, Universal Health Care Bill, President Rodrigo Duterte

As overseas Filipino workers (OFW) working in an unfamiliar territory, we feel comfortable whenever we see a compatriot or a fellow Filipino abroad. In some instances, very unfortunate things happen like getting into a trouble because of a fellow Filipino. The Department of Foreign Affairs (DFA) and the Consulate General in Saudi Arabia confirmed that an OFW was stabbed and killed by a fellow OFW in Jeddah, KSA. Ads Sponsored Links A Filipino was stabbed and killed by a fellow Filipino in Jeddah, Saudi Arabia, according to the confirmation of the Department of Foreign Affairs (DFA). The victim (name withheld) was a 29-year-old from Datu Odin Sinsuat, Maguindanao, who worked as a family driver in Jeddah. The suspect (name withheld), a 34-year-old from Capiz, also a driver for the same family The suspect remains under police custody after he was arrested immediately after the incident. The two "allegedly engaged in a fistfight in front of the house of their employer that ended in the victim getting fatally stabbed by his fellow driver." The motive of the stabbing is still unknown. The Consulate General and the Philippine Overseas Labor Office in Jeddah will extend full assistance to both Filipinos as well as their families. The victim is set for a vacation to the Philippines soon but the incident turned out to be unfortunate that he will come home inside a box. Consul General Edgar Badajos said that the suspect is facing a death sentence as per Saudi Sharia law. However, since they are both Filipinos, it is possible that the victim's family could instead He assured that they will render assistance to help both OFWs. Filed under the category of overseas Filipino workers, Filipino abroad, Department of Foreign Affairs (DFA), Saudi Arabia, stabbed, Jeddah, KSA
Two Bills For OFWS: HB 8110 And HB 1700 Now Approved In Congress
More often, families with overseas Filipino workers (OFW) rely on their OFW breadwinner in providing their needs and without doing any efforts to have extra income. They use the money they receive to pay their bills, rents, mortgages, etc. They tend to spend the remittances they receive and wait for the next remittance when the money is over without any savings. This is the reason why no matter how long the OFWs exhaust themselves working overseas, they are still coming home broke and without any savings. Encouraging our spouse or anyone who is responsible for the remittances you send to save could be a great help and could guarantee a hassle-free retirement, much more if they placed this savings to a profitable investment. Ads Sponsored Links Stick to a budget schedule Convince your spouse to make a monthly budget and commit to saving a portion of the monthly remittance. They could also spend the remaining part of the budget after setting aside the savings. No matter how small the savings, it could mean a lot after a period of time you regularly do it. Use the credit card wisely or do not use it at all Credit cards could be an advantage when purchasing but it can also lure the holder to spend more. Whenever possible, avoid using credit cards and use cash instead. It would save you from paying extra charges and interests which can really raise your spending. The best rule should be, do not spend the money you do not have. Always make a list of important things to buy Many OFW spouses tend to go on a shopping spree just after receiving the remittance and let their impulses lead in which items they like to buy at the very moment without putting their priorities on the things they really needed. Encourage them to develop a habit and discipline of making a list of the things they need to prioritize during shopping and strictly follow what is on the list to avoid spending too much on the things that are not really important. Live a lifestyle that suits your income Many OFW spouses live like one day millionaire. after claiming the remittances you sent, they will go straight to the mall, eat at the fast-food chain of their choice, go on a shopping spree buying what they want without even thinking if they still have the money to go through the month until the next remittance. If their budget got short, they would borrow money from someone which would cause the next budget to bear the shortage and the cycle goes on. There's nothing wrong with being generous but not too much Advise your spouse to exercise caution when giving help to extended families, relatives or friends. There is nothing wrong with extending help but there has to be a limitation. This would avoid them to become dependent on your assistance that they would knock your everytime they need financial help. Working overseas is not forever and you will eventually come home for good. It is you and your spouse who need to work hand-in-hand to succeed. Together you must find ways to take care of your finances and save for the future of your family. Filed under the category of overseas Filipino workers, extra income, bills, rents, mortgages, remittances, working overseas, retirement, investment, savings
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Saturday, October 13, 2018

New Medical Check-up For Expat HSWs Who Are Returning To Kuwait From Vacation

A new regulation in Kuwait on household workers about to affect expatriates from more than 30 countries including Filipino household service workers (HSW) deployed in the Gulf country.

A new regulation in Kuwait on household workers about to affect expatriates from more than 30 countries including Filipino household service workers (HSW) deployed in the Gulf country. Ads Sponsored Links The Ministry of Interior’s General Directorate of Residency Affairs has demanded citizens and residents to make new medical checkup to their domestic workers as soon as they returned from abroad. The Directorate identified workers from over 30 nationalities as being affected by the new regulation. In a press statement, the Ministry’s Public Relations and Security Media Department noted that the decision was taken upon a recommendation from the Ministry of Health. Sponsors of the domestic workers have to visit the Public Health Department of the Health Ministry to conduct the medical tests for their maids once they come back, emphasized the ministry. It pointed out that domestic workers from the following countries are affected by the new regulation: Ethiopia, Gambia, Guinea, Central Africa, Uganda, South Africa, Guinea- Bissau, Senegal, Eritrea, Djibouti, Kenya, Somalia, Sudan, Democratic Republic of Congo, Mali, Cameroon, Benin, Zambia, Malawi, Philippines, Burkina Faso, Zimbabwe, Namibia, Congo, Bangladesh, Côte d’Ivoire, Nigeria, Niger, Thailand, Sierra Leone, Tanzania, Nepal, Chad, Ceylon, Myanmar, India, Togo, Ghana and Madagascar.
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The Ministry of Interior’s General Directorate of Residency Affairs has demanded citizens and residents to make new medical checkup to their domestic workers as soon as they returned from abroad. The Directorate identified workers from over 30 nationalities as being affected by the new regulation.

In a press statement, the Ministry’s Public Relations and Security Media Department noted that the decision was taken upon a recommendation from the Ministry of Health. Sponsors of the domestic workers have to visit the Public Health Department of the Health Ministry to conduct the medical tests for their maids once they come back, emphasized the ministry.

It pointed out that domestic workers from the following countries are affected by the new regulation: Ethiopia, Gambia, Guinea, Central Africa, Uganda, South Africa, Guinea- Bissau, Senegal, Eritrea, Djibouti, Kenya, Somalia, Sudan, Democratic Republic of Congo, Mali, Cameroon, Benin, Zambia, Malawi, Philippines, Burkina Faso, Zimbabwe, Namibia, Congo, Bangladesh, Côte d’Ivoire, Nigeria, Niger, Thailand, Sierra Leone, Tanzania, Nepal, Chad, Ceylon, Myanmar, India, Togo, Ghana and Madagascar.
Filed under the category of Kuwait, household service workers (HSW), Filipino,  expatriates, Gulf
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Many Filipinos especially those in the remote areas of the country. They can only avail of medical attention once in a blue moon through medical missions coming from non-government organizations (NGO's) and other health advocacy groups. Instances also happen where citizens, even at the heart of the city suffer illnesses and just succumb to their deaths without having treated due to expensive medications and hospitalization. Soon, all Filipinos will have access to free health services including the families of the overseas Filipino workers (OFW). This situation is about to change as the new universal health bill was already approved and soon to be enacted as a law. The Senate passed on third and final reading a bill that seeks to provide adequate health care services to Filipinos. The senators unanimously voted for the approval of Senate Bill #1986 also known as the "Universal Health Care Bill." President Rodrigo Duterte wanted it to be certified urgent and called for the proposed measure's passage at the Senate. Ads Sponsored Links With this law being enacted, Filipinos will be given health care coverage and benefits under the National Health Security Program, which replaces the National Health Insurance Program or Philhealth. Under the universal health care law, "contributors" or those who have the capacity to pay will have to pay for their premiums while the government will shoulder the contributions of non-contributors. Funds for the subsidy will be included in the annual General Appropriations Act as well as sin taxes from cigarettes will also be a major source of funding for the policy. Presidential Spokesperson Harry Roque, who authored the bill when he was still a party-list representative, thanked the Senate for passing what he considers to be a "groundbreaking" law. The House of Representative had previously passed a version of the bill (House Bill No 5784) in September 2017. The President's move in certifying the bill as urgent shows the administration's "unrelenting commitment to provide the marginalized and disadvantaged with sufficient and better health care services," Roque said. Filed under the category of Filipinos, non-government organizations (NGO's), health advocacy groups, free health services, universal health bill, Senate, Universal Health Care Bill, President Rodrigo Duterte

As overseas Filipino workers (OFW) working in an unfamiliar territory, we feel comfortable whenever we see a compatriot or a fellow Filipino abroad. In some instances, very unfortunate things happen like getting into a trouble because of a fellow Filipino. The Department of Foreign Affairs (DFA) and the Consulate General in Saudi Arabia confirmed that an OFW was stabbed and killed by a fellow OFW in Jeddah, KSA. Ads Sponsored Links A Filipino was stabbed and killed by a fellow Filipino in Jeddah, Saudi Arabia, according to the confirmation of the Department of Foreign Affairs (DFA). The victim (name withheld) was a 29-year-old from Datu Odin Sinsuat, Maguindanao, who worked as a family driver in Jeddah. The suspect (name withheld), a 34-year-old from Capiz, also a driver for the same family The suspect remains under police custody after he was arrested immediately after the incident. The two "allegedly engaged in a fistfight in front of the house of their employer that ended in the victim getting fatally stabbed by his fellow driver." The motive of the stabbing is still unknown. The Consulate General and the Philippine Overseas Labor Office in Jeddah will extend full assistance to both Filipinos as well as their families. The victim is set for a vacation to the Philippines soon but the incident turned out to be unfortunate that he will come home inside a box. Consul General Edgar Badajos said that the suspect is facing a death sentence as per Saudi Sharia law. However, since they are both Filipinos, it is possible that the victim's family could instead He assured that they will render assistance to help both OFWs. Filed under the category of overseas Filipino workers, Filipino abroad, Department of Foreign Affairs (DFA), Saudi Arabia, stabbed, Jeddah, KSA

More often, families with overseas Filipino workers (OFW) rely on their OFW breadwinner in providing their needs and without doing any efforts to have extra income. They use the money they receive to pay their bills, rents, mortgages, etc. They tend to spend the remittances they receive and wait for the next remittance when the money is over without any savings. This is the reason why no matter how long the OFWs exhaust themselves working overseas, they are still coming home broke and without any savings. Encouraging our spouse or anyone who is responsible for the remittances you send to save could be a great help and could guarantee a hassle-free retirement, much more if they placed this savings to a profitable investment. Ads Sponsored Links Stick to a budget schedule Convince your spouse to make a monthly budget and commit to saving a portion of the monthly remittance. They could also spend the remaining part of the budget after setting aside the savings. No matter how small the savings, it could mean a lot after a period of time you regularly do it. Use the credit card wisely or do not use it at all Credit cards could be an advantage when purchasing but it can also lure the holder to spend more. Whenever possible, avoid using credit cards and use cash instead. It would save you from paying extra charges and interests which can really raise your spending. The best rule should be, do not spend the money you do not have. Always make a list of important things to buy Many OFW spouses tend to go on a shopping spree just after receiving the remittance and let their impulses lead in which items they like to buy at the very moment without putting their priorities on the things they really needed. Encourage them to develop a habit and discipline of making a list of the things they need to prioritize during shopping and strictly follow what is on the list to avoid spending too much on the things that are not really important. Live a lifestyle that suits your income Many OFW spouses live like one day millionaire. after claiming the remittances you sent, they will go straight to the mall, eat at the fast-food chain of their choice, go on a shopping spree buying what they want without even thinking if they still have the money to go through the month until the next remittance. If their budget got short, they would borrow money from someone which would cause the next budget to bear the shortage and the cycle goes on. There's nothing wrong with being generous but not too much Advise your spouse to exercise caution when giving help to extended families, relatives or friends. There is nothing wrong with extending help but there has to be a limitation. This would avoid them to become dependent on your assistance that they would knock your everytime they need financial help. Working overseas is not forever and you will eventually come home for good. It is you and your spouse who need to work hand-in-hand to succeed. Together you must find ways to take care of your finances and save for the future of your family. Filed under the category of overseas Filipino workers, extra income, bills, rents, mortgages, remittances, working overseas, retirement, investment, savings
More often, families with overseas Filipino workers (OFW) rely on their OFW breadwinner in providing their needs and without doing any efforts to have extra income. They use the money they receive to pay their bills, rents, mortgages, etc. They tend to spend the remittances they receive and wait for the next remittance when the money is over without any savings. This is the reason why no matter how long the OFWs exhaust themselves working overseas, they are still coming home broke and without any savings. Encouraging our spouse or anyone who is responsible for the remittances you send to save could be a great help and could guarantee a hassle-free retirement, much more if they placed this savings to a profitable investment. Ads Sponsored Links Stick to a budget schedule Convince your spouse to make a monthly budget and commit to saving a portion of the monthly remittance. They could also spend the remaining part of the budget after setting aside the savings. No matter how small the savings, it could mean a lot after a period of time you regularly do it. Use the credit card wisely or do not use it at all Credit cards could be an advantage when purchasing but it can also lure the holder to spend more. Whenever possible, avoid using credit cards and use cash instead. It would save you from paying extra charges and interests which can really raise your spending. The best rule should be, do not spend the money you do not have. Always make a list of important things to buy Many OFW spouses tend to go on a shopping spree just after receiving the remittance and let their impulses lead in which items they like to buy at the very moment without putting their priorities on the things they really needed. Encourage them to develop a habit and discipline of making a list of the things they need to prioritize during shopping and strictly follow what is on the list to avoid spending too much on the things that are not really important. Live a lifestyle that suits your income Many OFW spouses live like one day millionaire. after claiming the remittances you sent, they will go straight to the mall, eat at the fast-food chain of their choice, go on a shopping spree buying what they want without even thinking if they still have the money to go through the month until the next remittance. If their budget got short, they would borrow money from someone which would cause the next budget to bear the shortage and the cycle goes on. There's nothing wrong with being generous but not too much Advise your spouse to exercise caution when giving help to extended families, relatives or friends. There is nothing wrong with extending help but there has to be a limitation. This would avoid them to become dependent on your assistance that they would knock your everytime they need financial help. Working overseas is not forever and you will eventually come home for good. It is you and your spouse who need to work hand-in-hand to succeed. Together you must find ways to take care of your finances and save for the future of your family. Filed under the category of overseas Filipino workers, extra income, bills, rents, mortgages, remittances, working overseas, retirement, investment, savings
More often, families with overseas Filipino workers (OFW) rely on their OFW breadwinner in providing their needs and without doing any efforts to have extra income. They use the money they receive to pay their bills, rents, mortgages, etc. They tend to spend the remittances they receive and wait for the next remittance when the money is over without any savings. This is the reason why no matter how long the OFWs exhaust themselves working overseas, they are still coming home broke and without any savings. Encouraging our spouse or anyone who is responsible for the remittances you send to save could be a great help and could guarantee a hassle-free retirement, much more if they placed this savings to a profitable investment. Ads Sponsored Links Stick to a budget schedule Convince your spouse to make a monthly budget and commit to saving a portion of the monthly remittance. They could also spend the remaining part of the budget after setting aside the savings. No matter how small the savings, it could mean a lot after a period of time you regularly do it. Use the credit card wisely or do not use it at all Credit cards could be an advantage when purchasing but it can also lure the holder to spend more. Whenever possible, avoid using credit cards and use cash instead. It would save you from paying extra charges and interests which can really raise your spending. The best rule should be, do not spend the money you do not have. Always make a list of important things to buy Many OFW spouses tend to go on a shopping spree just after receiving the remittance and let their impulses lead in which items they like to buy at the very moment without putting their priorities on the things they really needed. Encourage them to develop a habit and discipline of making a list of the things they need to prioritize during shopping and strictly follow what is on the list to avoid spending too much on the things that are not really important. Live a lifestyle that suits your income Many OFW spouses live like one day millionaire. after claiming the remittances you sent, they will go straight to the mall, eat at the fast-food chain of their choice, go on a shopping spree buying what they want without even thinking if they still have the money to go through the month until the next remittance. If their budget got short, they would borrow money from someone which would cause the next budget to bear the shortage and the cycle goes on. There's nothing wrong with being generous but not too much Advise your spouse to exercise caution when giving help to extended families, relatives or friends. There is nothing wrong with extending help but there has to be a limitation. This would avoid them to become dependent on your assistance that they would knock your everytime they need financial help. Working overseas is not forever and you will eventually come home for good. It is you and your spouse who need to work hand-in-hand to succeed. Together you must find ways to take care of your finances and save for the future of your family. Filed under the category of overseas Filipino workers, extra income, bills, rents, mortgages, remittances, working overseas, retirement, investment, savings
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Friday, July 13, 2018

Taiwan's Free-Visa Entry for Filipinos are Extended - Here's How To Apply

Taiwan on Thursday announced that its trial visa exemption for Filipinos has been extended for another year. Visa-free entry for Filipinos will continue until July 31, 2019. a statement by the Taiwan Economic and Cultural Office (TECO) indicated that the visa-free policy will be reviewed for a possible further extension beyond the one-year extension. Taiwan first enforced its visa-free policy for the Philippines on Nov. 1, 2017.
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Taiwan on Thursday announced that its trial visa exemption for Filipinos has been extended for another year. Visa-free entry for Filipinos will continue until July 31, 2019. a statement by the Taiwan Economic and Cultural Office (TECO) indicated that the visa-free policy will be reviewed for a possible further extension beyond the one-year extension. Taiwan first enforced its visa-free policy for the Philippines on Nov. 1, 2017. "This visa-free privilege is a reflection of Taiwan’s goodwill and friendship towards all Filipinos under the 'New Southbound Policy' which aims to build stronger bilateral relations and closer people-to-people connectivity between Taiwan and the Philippines," said Michael Peiyung Hsu, Taiwan’s Representative to the Philippines. Manila and Taipei have no formal diplomatic ties owing to the One-China Policy. Taiwan has no embassy in Manila and is instead represented by TECO, which acts as its de-facto embassy in the country. Taiwan is a self-ruling democratic island which separated from mainland China in 1949. The following requirements are required to avail of the free-entry visa to Taiwan: 1. A regular passport with a remaining six (6) months validity from the date of entry. 2. A return ticket or a ticket for the traveler's next destination and a visa for that destination if it is required. 3. No criminal record in Taiwan. 4. A proof of accommodation, such as hotel booking or host/sponsor’s contact information /or arrangements of tour, travel, visit, events and meeting. Those who intend to stay in Taiwan for more than 14 days or for the purpose of study, work, missionary, employment and other gainful activities are still required to obtain appropriate visas before entering Taiwan. The number of two-way visitors hit a record high in 2017 wherein Filipino travelers going to Taiwan reached 290,784 while Taiwanese visitors to the Philippines reached 236,777. Among the many place to visit in Taiwan include the the National Palace Museum, the best-known Shilin Night Market to Tainan Flowers Night Market, the gargantuan Chung Tai Chan Monastery in Puli Town, the Taipei101, and the many national parks, forest or state reserves. Taiwan also have a nationwide free Wi-Fi internet that rolled out in 2011, allowing residents to log on to the island's network, ITaiwan, at thousands of hotspots.

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"This visa-free privilege is a reflection of Taiwan’s goodwill and friendship towards all Filipinos under the 'New Southbound Policy' which aims to build stronger bilateral relations and closer people-to-people connectivity between Taiwan and the Philippines," said Michael Peiyung Hsu, Taiwan’s Representative to the Philippines.

 Manila and Taipei have no formal diplomatic ties owing to the One-China Policy. Taiwan has no embassy in Manila and is instead represented by TECO, which acts as its de-facto embassy in the country.

Taiwan is a self-ruling democratic island which separated from mainland China in 1949.

The following requirements are required to avail of the free-entry visa to Taiwan:
1. A regular passport with a remaining six (6) months validity from the date of entry.

2. A return ticket or a ticket for the traveler's next destination and a visa for that destination if it is required.
3. No criminal record in Taiwan.
4. A proof of accommodation, such as hotel booking or host/sponsor’s contact information /or arrangements of tour, travel, visit, events and meeting.

Taiwan on Thursday announced that its trial visa exemption for Filipinos has been extended for another year. Visa-free entry for Filipinos will continue until July 31, 2019. a statement by the Taiwan Economic and Cultural Office (TECO) indicated that the visa-free policy will be reviewed for a possible further extension beyond the one-year extension. Taiwan first enforced its visa-free policy for the Philippines on Nov. 1, 2017. "This visa-free privilege is a reflection of Taiwan’s goodwill and friendship towards all Filipinos under the 'New Southbound Policy' which aims to build stronger bilateral relations and closer people-to-people connectivity between Taiwan and the Philippines," said Michael Peiyung Hsu, Taiwan’s Representative to the Philippines. Manila and Taipei have no formal diplomatic ties owing to the One-China Policy. Taiwan has no embassy in Manila and is instead represented by TECO, which acts as its de-facto embassy in the country. Taiwan is a self-ruling democratic island which separated from mainland China in 1949. The following requirements are required to avail of the free-entry visa to Taiwan: 1. A regular passport with a remaining six (6) months validity from the date of entry. 2. A return ticket or a ticket for the traveler's next destination and a visa for that destination if it is required. 3. No criminal record in Taiwan. 4. A proof of accommodation, such as hotel booking or host/sponsor’s contact information /or arrangements of tour, travel, visit, events and meeting. Those who intend to stay in Taiwan for more than 14 days or for the purpose of study, work, missionary, employment and other gainful activities are still required to obtain appropriate visas before entering Taiwan. The number of two-way visitors hit a record high in 2017 wherein Filipino travelers going to Taiwan reached 290,784 while Taiwanese visitors to the Philippines reached 236,777. Among the many place to visit in Taiwan include the the National Palace Museum, the best-known Shilin Night Market to Tainan Flowers Night Market, the gargantuan Chung Tai Chan Monastery in Puli Town, the Taipei101, and the many national parks, forest or state reserves. Taiwan also have a nationwide free Wi-Fi internet that rolled out in 2011, allowing residents to log on to the island's network, ITaiwan, at thousands of hotspots.


Visa applications are filed at the Taipei Economic and Cultural Office in the Philippines
Taiwan on Thursday announced that its trial visa exemption for Filipinos has been extended for another year. Visa-free entry for Filipinos will continue until July 31, 2019. a statement by the Taiwan Economic and Cultural Office (TECO) indicated that the visa-free policy will be reviewed for a possible further extension beyond the one-year extension. Taiwan first enforced its visa-free policy for the Philippines on Nov. 1, 2017. "This visa-free privilege is a reflection of Taiwan’s goodwill and friendship towards all Filipinos under the 'New Southbound Policy' which aims to build stronger bilateral relations and closer people-to-people connectivity between Taiwan and the Philippines," said Michael Peiyung Hsu, Taiwan’s Representative to the Philippines. Manila and Taipei have no formal diplomatic ties owing to the One-China Policy. Taiwan has no embassy in Manila and is instead represented by TECO, which acts as its de-facto embassy in the country. Taiwan is a self-ruling democratic island which separated from mainland China in 1949. The following requirements are required to avail of the free-entry visa to Taiwan: 1. A regular passport with a remaining six (6) months validity from the date of entry. 2. A return ticket or a ticket for the traveler's next destination and a visa for that destination if it is required. 3. No criminal record in Taiwan. 4. A proof of accommodation, such as hotel booking or host/sponsor’s contact information /or arrangements of tour, travel, visit, events and meeting. Those who intend to stay in Taiwan for more than 14 days or for the purpose of study, work, missionary, employment and other gainful activities are still required to obtain appropriate visas before entering Taiwan. The number of two-way visitors hit a record high in 2017 wherein Filipino travelers going to Taiwan reached 290,784 while Taiwanese visitors to the Philippines reached 236,777. Among the many place to visit in Taiwan include the the National Palace Museum, the best-known Shilin Night Market to Tainan Flowers Night Market, the gargantuan Chung Tai Chan Monastery in Puli Town, the Taipei101, and the many national parks, forest or state reserves. Taiwan also have a nationwide free Wi-Fi internet that rolled out in 2011, allowing residents to log on to the island's network, ITaiwan, at thousands of hotspots.

 Those who intend to stay in Taiwan for more than 14 days or for the purpose of study, work, missionary, employment and other gainful activities are still required to obtain appropriate visas before entering Taiwan.


The number of two-way visitors hit a record high in 2017 wherein Filipino travelers going to Taiwan reached 290,784 while Taiwanese visitors to the Philippines reached 236,777.
Among the many place to visit in Taiwan include the the National Palace Museum, the best-known Shilin Night Market to Tainan Flowers Night Market, the gargantuan Chung Tai Chan Monastery in Puli Town, the Taipei101, and the many national parks, forest or state reserves.

Taiwan also have a nationwide free Wi-Fi internet that rolled out in 2011, allowing residents to log on to the island's network, ITaiwan, at thousands of hotspots.
Tags , , , , , , , , , ,

Friday, May 04, 2018

How to Avail Auto, Salary And Home Loan From Union Bank

Every family dream of having a car of their own and moreso, a house where they can build a happy home. The sad thing is that not every Filipino family has the means to make it happen. Even overseas Filipino workers who dream of these things may need the help of financial institutions where they can get a housing or mortgage loan but requirements are not easy and the interest rates are still heavy to bear. Some banks offer loans that are not too heavy for typical family budget allowing these dreams to become a reality.
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Every family dream of having a car of their own and moreso, a house where they can build a happy home. The sad thing is that not every Filipino family has the means to make it happen. Even overseas Filipino workers who dream of these things may need the help of financial institutions where they can get a housing or mortgage loan but requirements are not easy and the interest rates are still heavy to bear. Some banks offer loans that are not too heavy for typical family budget allowing these dreams to become a reality. Advertisement Sponsored Links Auto Loan First, let us give answers to the commonly asked questions about the UnionBank Auto loan. 1. What type of cars can you purchase? UnionBank Auto Loans will help you purchase brand new or second-hand cars or brand new light trucks. 2. Are you eligible to get a UnionBank auto loan? Yes, if you are between 21 to 65 years old with a total monthly income of P50,000. Foreign nationals married to a Filipina or business entities like corporations and partnerships may also apply for an auto loan. The client must be 65 years old upon maturity of the loan. 3. What do you need to submit when you apply for a UnionBank auto loan? If you are employed, you will need to submit the following: COE - Certificate of employment with compensation Latest Income Tax Return (ITR)* Completely filled up application form, or apply online * ITR is not required for loan amounts below P3,000,000 If you are self-employed, you will need to submit the following: Business Registration papers (DTI, SEC if applicable) ITR with audited financial statements (2 years) Trade references Completely filled up application form 4. How can you pay for your loan? Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance; or a Debit GetGo Card. Postdated Checks (PDC) 5. Post Booking FAQs For booked accounts, If you have any concerns about your existing account with us, you may call (02) 841-8600 or email them at autoloans@unionbankph.com Before making an auto loan you will be asked to complete a self-assessment that looks exactly like the image below. You may need to fill-up this form legibly and correctly during your application. To know how much you will need for the auto loan, they provide a calculator on their website that looks like the image below. You may choose any of the provided preference for your dream car. Home Loan Who are qualified to apply for UnionBank’s Home Loans? Individuals who are gainfully employed and with permanent status Individuals engaged in own business operating profitably for at least 2 years or a partner in a registered ownership Must be of legal age, not more than 65 years old upon application and must not exceed the age of 70 years upon loan maturity
 Must have a good credit standing What type of loan can you avail of? We are committed to helping you purchase your own lot, townhouse, residential condominium or house and lot from our Accredited Developers. Our minimum loanable amount is P500,000.00, while the maximum loanable amount is up to 90% of the property’s selling price. What is the maximum term for your home loan? Maximum of 20 years for locally employed Maximum of 15 years for OFWs What documents do you need to submit? Personal Data Documents Duly filled out Application form Photocopy of Marriage Contract (if applicable) Photocopy of any government-issued ID with picture and signature Income Documents For locally employed applicants: Certificate of Employment 3 months latest pay slips If Overseas Filipino Worker (OFW): Original Consularized Special Power of Attorney (SPA) Passport with entry and exit stamps For self-employed applicants: Business Registration Latest 6 months Bank Statements Financial Statements
 ITR Top 3 list of suppliers/customers with contact numbers (landline) Collateral Documents Contract to Sell or Reservation Agreement Statement of Account What are the interest rates? Each rate is fixed to their corresponding period. RatePeriod 6.50% 1 year 7.50% 3 year 8.50% 5 year 10.50% 10 year 11.50% 15 year Real Estate Mortgage Fees and Charges Fees and ChargesReal Estate Mortgage Fees Registration Fees Fees collected relating to the registration of TCT with Register of Deeds and are computed by the RD based on loan amount Bank Charges Processing Fee P3,500 Metro Manila; P4,000 outside Metro Manila Appraisal Fee P3,500 Metro Manila; P4,000 outside Metro Manila Other Charges Documentary Stamps Tax collected on legal instruments, loan agreements and other documents which are remitted to Bureau of Internal Revenue (BIR) REM-Doc Stamp P20 for the 1st P5,000 & P10 for succeeding P5000 PN-Doc Stamp P1 for every P200 or a fraction thereof or P1,160,000 / 200 = P5,800 Mortgage Redemption Insurance Form of life insurance that pays off borrower or the whole of the insured's outstanding mortgage balance in case of death or total disability Loan Amount / 1,000 x (standard rate) Fire Insurance Insurance that provides protection to your house against loss or damage caused by fire and is computed by the Fire Insurance provider Notarial Fee Individual Account P400; Developer P800 Amendment Fees and Penalties Full or partial payments made outside the anniversary date of the loan P4,000 Request for shortening or extension of term P4,000 (shortening) P4,200 (extension) Cancellation of Mortgage (for fully paid accounts) P500 Delinquent Interest on unpaid balance (for fully paid accounts) Delinquent interest (interest rate per PN or the repriced interest) and penalty (36%) on unpaid monthly installment Accredited Developers Aboitiz Land Brittany Camella Century properties Crown Asia DMCI Empire East Federal Land Filinvest Greenfield Megaworld Robinsons Land Rockwell Land Shang Properties SMDC Suntrust Vista Residences You can pay your loan by using these two options: —Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance,; or a Debit GetGo Card. —Postdated Checks (PDC) You may need to fill the application correctly and legibly. Salary loan is also available but it is only offered to the existing Union Bank clients. For further information, visit their official website or you can go to their nearest branch within your locality. READ MORE: List of Philippine Embassies And Consulates Around The World Classic Room Mates You Probably Living With Do Not Be Fooled By Your Recruitment Agencies, Know Your Correct Fees Remittance Fees To Be Imposed On Kuwait Expats Expected To Bring $230 Million Income TESDA Provides Training For Returning OFWs Cash Aid To Be Given To Displaced OFWs From Kuwait—OWWA 5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich

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Auto Loan
First, let us give answers to the commonly asked questions about the UnionBank Auto loan.

1. What type of cars can you purchase?

UnionBank Auto Loans will help you purchase brand new or second-hand cars or brand new light trucks.

2. Are you eligible to get a UnionBank auto loan?

Yes, if you are between 21 to 65 years old with a total monthly income of P50,000. Foreign nationals married to a Filipina or business entities like corporations and partnerships may also apply for an auto loan.
The client must be 65 years old upon maturity of the loan.

3. What do you need to submit when you apply for a UnionBank auto loan?

If you are employed, you will need to submit the following:
COE - Certificate of employment with compensation
Latest Income Tax Return (ITR)*
Completely filled up application form, or apply online

* ITR is not required for loan amounts below P3,000,000
If you are self-employed, you will need to submit the following:
Business Registration papers (DTI, SEC if applicable)
ITR with audited financial statements (2 years)
Trade references
Completely filled up application form

4. How can you pay for your loan?

Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance; or a Debit GetGo Card.
Postdated Checks (PDC)



5. Post Booking FAQs
For booked accounts, If you have any concerns about your existing account with us, you may call (02) 841-8600 or email them at autoloans@unionbankph.com
Before making an auto loan you will be asked to complete a self-assessment that looks exactly like the image below.

Every family dream of having a car of their own and moreso, a house where they can build a happy home. The sad thing is that not every Filipino family has the means to make it happen. Even overseas Filipino workers who dream of these things may need the help of financial institutions where they can get a housing or mortgage loan but requirements are not easy and the interest rates are still heavy to bear. Some banks offer loans that are not too heavy for typical family budget allowing these dreams to become a reality. Advertisement Sponsored Links Auto Loan First, let us give answers to the commonly asked questions about the UnionBank Auto loan. 1. What type of cars can you purchase? UnionBank Auto Loans will help you purchase brand new or second-hand cars or brand new light trucks. 2. Are you eligible to get a UnionBank auto loan? Yes, if you are between 21 to 65 years old with a total monthly income of P50,000. Foreign nationals married to a Filipina or business entities like corporations and partnerships may also apply for an auto loan. The client must be 65 years old upon maturity of the loan. 3. What do you need to submit when you apply for a UnionBank auto loan? If you are employed, you will need to submit the following: COE - Certificate of employment with compensation Latest Income Tax Return (ITR)* Completely filled up application form, or apply online * ITR is not required for loan amounts below P3,000,000 If you are self-employed, you will need to submit the following: Business Registration papers (DTI, SEC if applicable) ITR with audited financial statements (2 years) Trade references Completely filled up application form 4. How can you pay for your loan? Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance; or a Debit GetGo Card. Postdated Checks (PDC) 5. Post Booking FAQs For booked accounts, If you have any concerns about your existing account with us, you may call (02) 841-8600 or email them at autoloans@unionbankph.com Before making an auto loan you will be asked to complete a self-assessment that looks exactly like the image below. You may need to fill-up this form legibly and correctly during your application. To know how much you will need for the auto loan, they provide a calculator on their website that looks like the image below. You may choose any of the provided preference for your dream car. Home Loan Who are qualified to apply for UnionBank’s Home Loans? Individuals who are gainfully employed and with permanent status Individuals engaged in own business operating profitably for at least 2 years or a partner in a registered ownership Must be of legal age, not more than 65 years old upon application and must not exceed the age of 70 years upon loan maturity
 Must have a good credit standing What type of loan can you avail of? We are committed to helping you purchase your own lot, townhouse, residential condominium or house and lot from our Accredited Developers. Our minimum loanable amount is P500,000.00, while the maximum loanable amount is up to 90% of the property’s selling price. What is the maximum term for your home loan? Maximum of 20 years for locally employed Maximum of 15 years for OFWs What documents do you need to submit? Personal Data Documents Duly filled out Application form Photocopy of Marriage Contract (if applicable) Photocopy of any government-issued ID with picture and signature Income Documents For locally employed applicants: Certificate of Employment 3 months latest pay slips If Overseas Filipino Worker (OFW): Original Consularized Special Power of Attorney (SPA) Passport with entry and exit stamps For self-employed applicants: Business Registration Latest 6 months Bank Statements Financial Statements
 ITR Top 3 list of suppliers/customers with contact numbers (landline) Collateral Documents Contract to Sell or Reservation Agreement Statement of Account What are the interest rates? Each rate is fixed to their corresponding period. RatePeriod 6.50% 1 year 7.50% 3 year 8.50% 5 year 10.50% 10 year 11.50% 15 year Real Estate Mortgage Fees and Charges Fees and ChargesReal Estate Mortgage Fees Registration Fees Fees collected relating to the registration of TCT with Register of Deeds and are computed by the RD based on loan amount Bank Charges Processing Fee P3,500 Metro Manila; P4,000 outside Metro Manila Appraisal Fee P3,500 Metro Manila; P4,000 outside Metro Manila Other Charges Documentary Stamps Tax collected on legal instruments, loan agreements and other documents which are remitted to Bureau of Internal Revenue (BIR) REM-Doc Stamp P20 for the 1st P5,000 & P10 for succeeding P5000 PN-Doc Stamp P1 for every P200 or a fraction thereof or P1,160,000 / 200 = P5,800 Mortgage Redemption Insurance Form of life insurance that pays off borrower or the whole of the insured's outstanding mortgage balance in case of death or total disability Loan Amount / 1,000 x (standard rate) Fire Insurance Insurance that provides protection to your house against loss or damage caused by fire and is computed by the Fire Insurance provider Notarial Fee Individual Account P400; Developer P800 Amendment Fees and Penalties Full or partial payments made outside the anniversary date of the loan P4,000 Request for shortening or extension of term P4,000 (shortening) P4,200 (extension) Cancellation of Mortgage (for fully paid accounts) P500 Delinquent Interest on unpaid balance (for fully paid accounts) Delinquent interest (interest rate per PN or the repriced interest) and penalty (36%) on unpaid monthly installment Accredited Developers Aboitiz Land Brittany Camella Century properties Crown Asia DMCI Empire East Federal Land Filinvest Greenfield Megaworld Robinsons Land Rockwell Land Shang Properties SMDC Suntrust Vista Residences You can pay your loan by using these two options: —Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance,; or a Debit GetGo Card. —Postdated Checks (PDC) You may need to fill the application correctly and legibly. Salary loan is also available but it is only offered to the existing Union Bank clients. For further information, visit their official website or you can go to their nearest branch within your locality. READ MORE: List of Philippine Embassies And Consulates Around The World Classic Room Mates You Probably Living With Do Not Be Fooled By Your Recruitment Agencies, Know Your Correct Fees Remittance Fees To Be Imposed On Kuwait Expats Expected To Bring $230 Million Income TESDA Provides Training For Returning OFWs Cash Aid To Be Given To Displaced OFWs From Kuwait—OWWA 5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich
You may need to fill-up this form legibly and correctly during your application.
Every family dream of having a car of their own and moreso, a house where they can build a happy home. The sad thing is that not every Filipino family has the means to make it happen. Even overseas Filipino workers who dream of these things may need the help of financial institutions where they can get a housing or mortgage loan but requirements are not easy and the interest rates are still heavy to bear. Some banks offer loans that are not too heavy for typical family budget allowing these dreams to become a reality. Advertisement Sponsored Links Auto Loan First, let us give answers to the commonly asked questions about the UnionBank Auto loan. 1. What type of cars can you purchase? UnionBank Auto Loans will help you purchase brand new or second-hand cars or brand new light trucks. 2. Are you eligible to get a UnionBank auto loan? Yes, if you are between 21 to 65 years old with a total monthly income of P50,000. Foreign nationals married to a Filipina or business entities like corporations and partnerships may also apply for an auto loan. The client must be 65 years old upon maturity of the loan. 3. What do you need to submit when you apply for a UnionBank auto loan? If you are employed, you will need to submit the following: COE - Certificate of employment with compensation Latest Income Tax Return (ITR)* Completely filled up application form, or apply online * ITR is not required for loan amounts below P3,000,000 If you are self-employed, you will need to submit the following: Business Registration papers (DTI, SEC if applicable) ITR with audited financial statements (2 years) Trade references Completely filled up application form 4. How can you pay for your loan? Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance; or a Debit GetGo Card. Postdated Checks (PDC) 5. Post Booking FAQs For booked accounts, If you have any concerns about your existing account with us, you may call (02) 841-8600 or email them at autoloans@unionbankph.com Before making an auto loan you will be asked to complete a self-assessment that looks exactly like the image below. You may need to fill-up this form legibly and correctly during your application. To know how much you will need for the auto loan, they provide a calculator on their website that looks like the image below. You may choose any of the provided preference for your dream car. Home Loan Who are qualified to apply for UnionBank’s Home Loans? Individuals who are gainfully employed and with permanent status Individuals engaged in own business operating profitably for at least 2 years or a partner in a registered ownership Must be of legal age, not more than 65 years old upon application and must not exceed the age of 70 years upon loan maturity
 Must have a good credit standing What type of loan can you avail of? We are committed to helping you purchase your own lot, townhouse, residential condominium or house and lot from our Accredited Developers. Our minimum loanable amount is P500,000.00, while the maximum loanable amount is up to 90% of the property’s selling price. What is the maximum term for your home loan? Maximum of 20 years for locally employed Maximum of 15 years for OFWs What documents do you need to submit? Personal Data Documents Duly filled out Application form Photocopy of Marriage Contract (if applicable) Photocopy of any government-issued ID with picture and signature Income Documents For locally employed applicants: Certificate of Employment 3 months latest pay slips If Overseas Filipino Worker (OFW): Original Consularized Special Power of Attorney (SPA) Passport with entry and exit stamps For self-employed applicants: Business Registration Latest 6 months Bank Statements Financial Statements
 ITR Top 3 list of suppliers/customers with contact numbers (landline) Collateral Documents Contract to Sell or Reservation Agreement Statement of Account What are the interest rates? Each rate is fixed to their corresponding period. RatePeriod 6.50% 1 year 7.50% 3 year 8.50% 5 year 10.50% 10 year 11.50% 15 year Real Estate Mortgage Fees and Charges Fees and ChargesReal Estate Mortgage Fees Registration Fees Fees collected relating to the registration of TCT with Register of Deeds and are computed by the RD based on loan amount Bank Charges Processing Fee P3,500 Metro Manila; P4,000 outside Metro Manila Appraisal Fee P3,500 Metro Manila; P4,000 outside Metro Manila Other Charges Documentary Stamps Tax collected on legal instruments, loan agreements and other documents which are remitted to Bureau of Internal Revenue (BIR) REM-Doc Stamp P20 for the 1st P5,000 & P10 for succeeding P5000 PN-Doc Stamp P1 for every P200 or a fraction thereof or P1,160,000 / 200 = P5,800 Mortgage Redemption Insurance Form of life insurance that pays off borrower or the whole of the insured's outstanding mortgage balance in case of death or total disability Loan Amount / 1,000 x (standard rate) Fire Insurance Insurance that provides protection to your house against loss or damage caused by fire and is computed by the Fire Insurance provider Notarial Fee Individual Account P400; Developer P800 Amendment Fees and Penalties Full or partial payments made outside the anniversary date of the loan P4,000 Request for shortening or extension of term P4,000 (shortening) P4,200 (extension) Cancellation of Mortgage (for fully paid accounts) P500 Delinquent Interest on unpaid balance (for fully paid accounts) Delinquent interest (interest rate per PN or the repriced interest) and penalty (36%) on unpaid monthly installment Accredited Developers Aboitiz Land Brittany Camella Century properties Crown Asia DMCI Empire East Federal Land Filinvest Greenfield Megaworld Robinsons Land Rockwell Land Shang Properties SMDC Suntrust Vista Residences You can pay your loan by using these two options: —Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance,; or a Debit GetGo Card. —Postdated Checks (PDC) You may need to fill the application correctly and legibly. Salary loan is also available but it is only offered to the existing Union Bank clients. For further information, visit their official website or you can go to their nearest branch within your locality. READ MORE: List of Philippine Embassies And Consulates Around The World Classic Room Mates You Probably Living With Do Not Be Fooled By Your Recruitment Agencies, Know Your Correct Fees Remittance Fees To Be Imposed On Kuwait Expats Expected To Bring $230 Million Income TESDA Provides Training For Returning OFWs Cash Aid To Be Given To Displaced OFWs From Kuwait—OWWA 5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich
 To know how much you will need for the auto loan, they provide a calculator on their website that looks like the image below. You may choose any of the provided preference for your dream car.
Every family dream of having a car of their own and moreso, a house where they can build a happy home. The sad thing is that not every Filipino family has the means to make it happen. Even overseas Filipino workers who dream of these things may need the help of financial institutions where they can get a housing or mortgage loan but requirements are not easy and the interest rates are still heavy to bear. Some banks offer loans that are not too heavy for typical family budget allowing these dreams to become a reality. Advertisement Sponsored Links Auto Loan First, let us give answers to the commonly asked questions about the UnionBank Auto loan. 1. What type of cars can you purchase? UnionBank Auto Loans will help you purchase brand new or second-hand cars or brand new light trucks. 2. Are you eligible to get a UnionBank auto loan? Yes, if you are between 21 to 65 years old with a total monthly income of P50,000. Foreign nationals married to a Filipina or business entities like corporations and partnerships may also apply for an auto loan. The client must be 65 years old upon maturity of the loan. 3. What do you need to submit when you apply for a UnionBank auto loan? If you are employed, you will need to submit the following: COE - Certificate of employment with compensation Latest Income Tax Return (ITR)* Completely filled up application form, or apply online * ITR is not required for loan amounts below P3,000,000 If you are self-employed, you will need to submit the following: Business Registration papers (DTI, SEC if applicable) ITR with audited financial statements (2 years) Trade references Completely filled up application form 4. How can you pay for your loan? Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance; or a Debit GetGo Card. Postdated Checks (PDC) 5. Post Booking FAQs For booked accounts, If you have any concerns about your existing account with us, you may call (02) 841-8600 or email them at autoloans@unionbankph.com Before making an auto loan you will be asked to complete a self-assessment that looks exactly like the image below. You may need to fill-up this form legibly and correctly during your application. To know how much you will need for the auto loan, they provide a calculator on their website that looks like the image below. You may choose any of the provided preference for your dream car. Home Loan Who are qualified to apply for UnionBank’s Home Loans? Individuals who are gainfully employed and with permanent status Individuals engaged in own business operating profitably for at least 2 years or a partner in a registered ownership Must be of legal age, not more than 65 years old upon application and must not exceed the age of 70 years upon loan maturity
 Must have a good credit standing What type of loan can you avail of? We are committed to helping you purchase your own lot, townhouse, residential condominium or house and lot from our Accredited Developers. Our minimum loanable amount is P500,000.00, while the maximum loanable amount is up to 90% of the property’s selling price. What is the maximum term for your home loan? Maximum of 20 years for locally employed Maximum of 15 years for OFWs What documents do you need to submit? Personal Data Documents Duly filled out Application form Photocopy of Marriage Contract (if applicable) Photocopy of any government-issued ID with picture and signature Income Documents For locally employed applicants: Certificate of Employment 3 months latest pay slips If Overseas Filipino Worker (OFW): Original Consularized Special Power of Attorney (SPA) Passport with entry and exit stamps For self-employed applicants: Business Registration Latest 6 months Bank Statements Financial Statements
 ITR Top 3 list of suppliers/customers with contact numbers (landline) Collateral Documents Contract to Sell or Reservation Agreement Statement of Account What are the interest rates? Each rate is fixed to their corresponding period. RatePeriod 6.50% 1 year 7.50% 3 year 8.50% 5 year 10.50% 10 year 11.50% 15 year Real Estate Mortgage Fees and Charges Fees and ChargesReal Estate Mortgage Fees Registration Fees Fees collected relating to the registration of TCT with Register of Deeds and are computed by the RD based on loan amount Bank Charges Processing Fee P3,500 Metro Manila; P4,000 outside Metro Manila Appraisal Fee P3,500 Metro Manila; P4,000 outside Metro Manila Other Charges Documentary Stamps Tax collected on legal instruments, loan agreements and other documents which are remitted to Bureau of Internal Revenue (BIR) REM-Doc Stamp P20 for the 1st P5,000 & P10 for succeeding P5000 PN-Doc Stamp P1 for every P200 or a fraction thereof or P1,160,000 / 200 = P5,800 Mortgage Redemption Insurance Form of life insurance that pays off borrower or the whole of the insured's outstanding mortgage balance in case of death or total disability Loan Amount / 1,000 x (standard rate) Fire Insurance Insurance that provides protection to your house against loss or damage caused by fire and is computed by the Fire Insurance provider Notarial Fee Individual Account P400; Developer P800 Amendment Fees and Penalties Full or partial payments made outside the anniversary date of the loan P4,000 Request for shortening or extension of term P4,000 (shortening) P4,200 (extension) Cancellation of Mortgage (for fully paid accounts) P500 Delinquent Interest on unpaid balance (for fully paid accounts) Delinquent interest (interest rate per PN or the repriced interest) and penalty (36%) on unpaid monthly installment Accredited Developers Aboitiz Land Brittany Camella Century properties Crown Asia DMCI Empire East Federal Land Filinvest Greenfield Megaworld Robinsons Land Rockwell Land Shang Properties SMDC Suntrust Vista Residences You can pay your loan by using these two options: —Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance,; or a Debit GetGo Card. —Postdated Checks (PDC) You may need to fill the application correctly and legibly. Salary loan is also available but it is only offered to the existing Union Bank clients. For further information, visit their official website or you can go to their nearest branch within your locality. READ MORE: List of Philippine Embassies And Consulates Around The World Classic Room Mates You Probably Living With Do Not Be Fooled By Your Recruitment Agencies, Know Your Correct Fees Remittance Fees To Be Imposed On Kuwait Expats Expected To Bring $230 Million Income TESDA Provides Training For Returning OFWs Cash Aid To Be Given To Displaced OFWs From Kuwait—OWWA 5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich
Every family dream of having a car of their own and moreso, a house where they can build a happy home. The sad thing is that not every Filipino family has the means to make it happen. Even overseas Filipino workers who dream of these things may need the help of financial institutions where they can get a housing or mortgage loan but requirements are not easy and the interest rates are still heavy to bear. Some banks offer loans that are not too heavy for typical family budget allowing these dreams to become a reality. Advertisement Sponsored Links Auto Loan First, let us give answers to the commonly asked questions about the UnionBank Auto loan. 1. What type of cars can you purchase? UnionBank Auto Loans will help you purchase brand new or second-hand cars or brand new light trucks. 2. Are you eligible to get a UnionBank auto loan? Yes, if you are between 21 to 65 years old with a total monthly income of P50,000. Foreign nationals married to a Filipina or business entities like corporations and partnerships may also apply for an auto loan. The client must be 65 years old upon maturity of the loan. 3. What do you need to submit when you apply for a UnionBank auto loan? If you are employed, you will need to submit the following: COE - Certificate of employment with compensation Latest Income Tax Return (ITR)* Completely filled up application form, or apply online * ITR is not required for loan amounts below P3,000,000 If you are self-employed, you will need to submit the following: Business Registration papers (DTI, SEC if applicable) ITR with audited financial statements (2 years) Trade references Completely filled up application form 4. How can you pay for your loan? Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance; or a Debit GetGo Card. Postdated Checks (PDC) 5. Post Booking FAQs For booked accounts, If you have any concerns about your existing account with us, you may call (02) 841-8600 or email them at autoloans@unionbankph.com Before making an auto loan you will be asked to complete a self-assessment that looks exactly like the image below. You may need to fill-up this form legibly and correctly during your application. To know how much you will need for the auto loan, they provide a calculator on their website that looks like the image below. You may choose any of the provided preference for your dream car. Home Loan Who are qualified to apply for UnionBank’s Home Loans? Individuals who are gainfully employed and with permanent status Individuals engaged in own business operating profitably for at least 2 years or a partner in a registered ownership Must be of legal age, not more than 65 years old upon application and must not exceed the age of 70 years upon loan maturity
 Must have a good credit standing What type of loan can you avail of? We are committed to helping you purchase your own lot, townhouse, residential condominium or house and lot from our Accredited Developers. Our minimum loanable amount is P500,000.00, while the maximum loanable amount is up to 90% of the property’s selling price. What is the maximum term for your home loan? Maximum of 20 years for locally employed Maximum of 15 years for OFWs What documents do you need to submit? Personal Data Documents Duly filled out Application form Photocopy of Marriage Contract (if applicable) Photocopy of any government-issued ID with picture and signature Income Documents For locally employed applicants: Certificate of Employment 3 months latest pay slips If Overseas Filipino Worker (OFW): Original Consularized Special Power of Attorney (SPA) Passport with entry and exit stamps For self-employed applicants: Business Registration Latest 6 months Bank Statements Financial Statements
 ITR Top 3 list of suppliers/customers with contact numbers (landline) Collateral Documents Contract to Sell or Reservation Agreement Statement of Account What are the interest rates? Each rate is fixed to their corresponding period. RatePeriod 6.50% 1 year 7.50% 3 year 8.50% 5 year 10.50% 10 year 11.50% 15 year Real Estate Mortgage Fees and Charges Fees and ChargesReal Estate Mortgage Fees Registration Fees Fees collected relating to the registration of TCT with Register of Deeds and are computed by the RD based on loan amount Bank Charges Processing Fee P3,500 Metro Manila; P4,000 outside Metro Manila Appraisal Fee P3,500 Metro Manila; P4,000 outside Metro Manila Other Charges Documentary Stamps Tax collected on legal instruments, loan agreements and other documents which are remitted to Bureau of Internal Revenue (BIR) REM-Doc Stamp P20 for the 1st P5,000 & P10 for succeeding P5000 PN-Doc Stamp P1 for every P200 or a fraction thereof or P1,160,000 / 200 = P5,800 Mortgage Redemption Insurance Form of life insurance that pays off borrower or the whole of the insured's outstanding mortgage balance in case of death or total disability Loan Amount / 1,000 x (standard rate) Fire Insurance Insurance that provides protection to your house against loss or damage caused by fire and is computed by the Fire Insurance provider Notarial Fee Individual Account P400; Developer P800 Amendment Fees and Penalties Full or partial payments made outside the anniversary date of the loan P4,000 Request for shortening or extension of term P4,000 (shortening) P4,200 (extension) Cancellation of Mortgage (for fully paid accounts) P500 Delinquent Interest on unpaid balance (for fully paid accounts) Delinquent interest (interest rate per PN or the repriced interest) and penalty (36%) on unpaid monthly installment Accredited Developers Aboitiz Land Brittany Camella Century properties Crown Asia DMCI Empire East Federal Land Filinvest Greenfield Megaworld Robinsons Land Rockwell Land Shang Properties SMDC Suntrust Vista Residences You can pay your loan by using these two options: —Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance,; or a Debit GetGo Card. —Postdated Checks (PDC) You may need to fill the application correctly and legibly. Salary loan is also available but it is only offered to the existing Union Bank clients. For further information, visit their official website or you can go to their nearest branch within your locality. READ MORE: List of Philippine Embassies And Consulates Around The World Classic Room Mates You Probably Living With Do Not Be Fooled By Your Recruitment Agencies, Know Your Correct Fees Remittance Fees To Be Imposed On Kuwait Expats Expected To Bring $230 Million Income TESDA Provides Training For Returning OFWs Cash Aid To Be Given To Displaced OFWs From Kuwait—OWWA 5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich


 Home Loan

Who are qualified to apply for UnionBank’s Home Loans?

Individuals who are gainfully employed and with permanent status
Individuals engaged in own business operating profitably for at least 2 years or a partner in a registered ownership
Must be of legal age, not more than 65 years old upon application and must not exceed the age of 70 years upon loan maturity

Must have a good credit standing

What type of loan can you avail of?

We are committed to helping you purchase your own lot, townhouse, residential condominium or house and lot from our Accredited Developers.
Our minimum loanable amount is P500,000.00, while the maximum loanable amount is up to 90% of the property’s selling price.

What is the maximum term for your home loan?
Maximum of 20 years for locally employed
Maximum of 15 years for OFWs

What documents do you need to submit?


Personal Data Documents

Duly filled out Application form
Photocopy of Marriage Contract (if applicable)
Photocopy of any government-issued ID with picture and signature

Income Documents

For locally employed applicants:
Certificate of Employment
3 months latest pay slips

If Overseas Filipino Worker (OFW):
Original Consularized Special Power of Attorney (SPA)
Passport with entry and exit stamps

For self-employed applicants:
Business Registration
Latest 6 months Bank Statements
Financial Statements

ITR
Top 3 list of suppliers/customers with contact numbers (landline)

Collateral Documents

Contract to Sell or Reservation Agreement
Statement of Account

What are the interest rates?
Each rate is fixed to their corresponding period. 
RatePeriod
6.50% 1 year
7.50% 3 year
8.50% 5 year
10.50% 10 year
11.50% 15 year


Real Estate Mortgage Fees and Charges

Fees and ChargesReal Estate Mortgage Fees
Registration Fees Fees collected relating to the registration of TCT with Register of Deeds and are computed by the RD based on loan amount

Bank Charges
Processing Fee P3,500 Metro Manila; P4,000 outside Metro Manila
Appraisal Fee P3,500 Metro Manila; P4,000 outside Metro Manila
Other Charges
Documentary Stamps Tax collected on legal instruments, loan agreements and other documents which are remitted to Bureau of 

Internal Revenue (BIR)
REM-Doc Stamp P20 for the 1st P5,000 & P10 for succeeding P5000
PN-Doc Stamp P1 for every P200 or a fraction thereof or P1,160,000 / 200 = P5,800
Mortgage Redemption Insurance Form of life insurance that pays off borrower or the whole of the insured's outstanding mortgage balance in case of death or total disability Loan Amount / 1,000 x (standard rate)

Fire Insurance Insurance that provides protection to your house against loss or damage caused by fire and is computed by the Fire Insurance provider

Notarial Fee Individual Account P400; Developer P800
Amendment Fees and Penalties
Full or partial payments made outside the anniversary date of the loan P4,000
Request for shortening or extension of term P4,000 (shortening) P4,200 (extension)

Cancellation of Mortgage (for fully paid accounts) P500
Delinquent Interest on unpaid balance (for fully paid accounts) Delinquent interest (interest rate per PN or the repriced interest) and penalty (36%) on unpaid monthly installment


Accredited Developers
Aboitiz Land
Brittany
Camella
Century properties
Crown Asia
DMCI
Empire East
Federal Land
Filinvest
Greenfield
Megaworld
Robinsons Land
Rockwell Land
Shang Properties
SMDC
Suntrust
Vista Residences

You can pay your loan by using these two options:

—Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance,; or a Debit GetGo Card.
—Postdated Checks (PDC)

You may need to fill the application correctly and legibly.
Every family dream of having a car of their own and moreso, a house where they can build a happy home. The sad thing is that not every Filipino family has the means to make it happen. Even overseas Filipino workers who dream of these things may need the help of financial institutions where they can get a housing or mortgage loan but requirements are not easy and the interest rates are still heavy to bear. Some banks offer loans that are not too heavy for typical family budget allowing these dreams to become a reality. Advertisement Sponsored Links Auto Loan First, let us give answers to the commonly asked questions about the UnionBank Auto loan. 1. What type of cars can you purchase? UnionBank Auto Loans will help you purchase brand new or second-hand cars or brand new light trucks. 2. Are you eligible to get a UnionBank auto loan? Yes, if you are between 21 to 65 years old with a total monthly income of P50,000. Foreign nationals married to a Filipina or business entities like corporations and partnerships may also apply for an auto loan. The client must be 65 years old upon maturity of the loan. 3. What do you need to submit when you apply for a UnionBank auto loan? If you are employed, you will need to submit the following: COE - Certificate of employment with compensation Latest Income Tax Return (ITR)* Completely filled up application form, or apply online * ITR is not required for loan amounts below P3,000,000 If you are self-employed, you will need to submit the following: Business Registration papers (DTI, SEC if applicable) ITR with audited financial statements (2 years) Trade references Completely filled up application form 4. How can you pay for your loan? Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance; or a Debit GetGo Card. Postdated Checks (PDC) 5. Post Booking FAQs For booked accounts, If you have any concerns about your existing account with us, you may call (02) 841-8600 or email them at autoloans@unionbankph.com Before making an auto loan you will be asked to complete a self-assessment that looks exactly like the image below. You may need to fill-up this form legibly and correctly during your application. To know how much you will need for the auto loan, they provide a calculator on their website that looks like the image below. You may choose any of the provided preference for your dream car. Home Loan Who are qualified to apply for UnionBank’s Home Loans? Individuals who are gainfully employed and with permanent status Individuals engaged in own business operating profitably for at least 2 years or a partner in a registered ownership Must be of legal age, not more than 65 years old upon application and must not exceed the age of 70 years upon loan maturity
 Must have a good credit standing What type of loan can you avail of? We are committed to helping you purchase your own lot, townhouse, residential condominium or house and lot from our Accredited Developers. Our minimum loanable amount is P500,000.00, while the maximum loanable amount is up to 90% of the property’s selling price. What is the maximum term for your home loan? Maximum of 20 years for locally employed Maximum of 15 years for OFWs What documents do you need to submit? Personal Data Documents Duly filled out Application form Photocopy of Marriage Contract (if applicable) Photocopy of any government-issued ID with picture and signature Income Documents For locally employed applicants: Certificate of Employment 3 months latest pay slips If Overseas Filipino Worker (OFW): Original Consularized Special Power of Attorney (SPA) Passport with entry and exit stamps For self-employed applicants: Business Registration Latest 6 months Bank Statements Financial Statements
 ITR Top 3 list of suppliers/customers with contact numbers (landline) Collateral Documents Contract to Sell or Reservation Agreement Statement of Account What are the interest rates? Each rate is fixed to their corresponding period. RatePeriod 6.50% 1 year 7.50% 3 year 8.50% 5 year 10.50% 10 year 11.50% 15 year Real Estate Mortgage Fees and Charges Fees and ChargesReal Estate Mortgage Fees Registration Fees Fees collected relating to the registration of TCT with Register of Deeds and are computed by the RD based on loan amount Bank Charges Processing Fee P3,500 Metro Manila; P4,000 outside Metro Manila Appraisal Fee P3,500 Metro Manila; P4,000 outside Metro Manila Other Charges Documentary Stamps Tax collected on legal instruments, loan agreements and other documents which are remitted to Bureau of Internal Revenue (BIR) REM-Doc Stamp P20 for the 1st P5,000 & P10 for succeeding P5000 PN-Doc Stamp P1 for every P200 or a fraction thereof or P1,160,000 / 200 = P5,800 Mortgage Redemption Insurance Form of life insurance that pays off borrower or the whole of the insured's outstanding mortgage balance in case of death or total disability Loan Amount / 1,000 x (standard rate) Fire Insurance Insurance that provides protection to your house against loss or damage caused by fire and is computed by the Fire Insurance provider Notarial Fee Individual Account P400; Developer P800 Amendment Fees and Penalties Full or partial payments made outside the anniversary date of the loan P4,000 Request for shortening or extension of term P4,000 (shortening) P4,200 (extension) Cancellation of Mortgage (for fully paid accounts) P500 Delinquent Interest on unpaid balance (for fully paid accounts) Delinquent interest (interest rate per PN or the repriced interest) and penalty (36%) on unpaid monthly installment Accredited Developers Aboitiz Land Brittany Camella Century properties Crown Asia DMCI Empire East Federal Land Filinvest Greenfield Megaworld Robinsons Land Rockwell Land Shang Properties SMDC Suntrust Vista Residences You can pay your loan by using these two options: —Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance,; or a Debit GetGo Card. —Postdated Checks (PDC) You may need to fill the application correctly and legibly. Salary loan is also available but it is only offered to the existing Union Bank clients. For further information, visit their official website or you can go to their nearest branch within your locality. READ MORE: List of Philippine Embassies And Consulates Around The World Classic Room Mates You Probably Living With Do Not Be Fooled By Your Recruitment Agencies, Know Your Correct Fees Remittance Fees To Be Imposed On Kuwait Expats Expected To Bring $230 Million Income TESDA Provides Training For Returning OFWs Cash Aid To Be Given To Displaced OFWs From Kuwait—OWWA 5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich
Salary loan is also available but it is only offered to the existing Union Bank clients.
Every family dream of having a car of their own and moreso, a house where they can build a happy home. The sad thing is that not every Filipino family has the means to make it happen. Even overseas Filipino workers who dream of these things may need the help of financial institutions where they can get a housing or mortgage loan but requirements are not easy and the interest rates are still heavy to bear. Some banks offer loans that are not too heavy for typical family budget allowing these dreams to become a reality. Advertisement Sponsored Links Auto Loan First, let us give answers to the commonly asked questions about the UnionBank Auto loan. 1. What type of cars can you purchase? UnionBank Auto Loans will help you purchase brand new or second-hand cars or brand new light trucks. 2. Are you eligible to get a UnionBank auto loan? Yes, if you are between 21 to 65 years old with a total monthly income of P50,000. Foreign nationals married to a Filipina or business entities like corporations and partnerships may also apply for an auto loan. The client must be 65 years old upon maturity of the loan. 3. What do you need to submit when you apply for a UnionBank auto loan? If you are employed, you will need to submit the following: COE - Certificate of employment with compensation Latest Income Tax Return (ITR)* Completely filled up application form, or apply online * ITR is not required for loan amounts below P3,000,000 If you are self-employed, you will need to submit the following: Business Registration papers (DTI, SEC if applicable) ITR with audited financial statements (2 years) Trade references Completely filled up application form 4. How can you pay for your loan? Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance; or a Debit GetGo Card. Postdated Checks (PDC) 5. Post Booking FAQs For booked accounts, If you have any concerns about your existing account with us, you may call (02) 841-8600 or email them at autoloans@unionbankph.com Before making an auto loan you will be asked to complete a self-assessment that looks exactly like the image below. You may need to fill-up this form legibly and correctly during your application. To know how much you will need for the auto loan, they provide a calculator on their website that looks like the image below. You may choose any of the provided preference for your dream car. Home Loan Who are qualified to apply for UnionBank’s Home Loans? Individuals who are gainfully employed and with permanent status Individuals engaged in own business operating profitably for at least 2 years or a partner in a registered ownership Must be of legal age, not more than 65 years old upon application and must not exceed the age of 70 years upon loan maturity
 Must have a good credit standing What type of loan can you avail of? We are committed to helping you purchase your own lot, townhouse, residential condominium or house and lot from our Accredited Developers. Our minimum loanable amount is P500,000.00, while the maximum loanable amount is up to 90% of the property’s selling price. What is the maximum term for your home loan? Maximum of 20 years for locally employed Maximum of 15 years for OFWs What documents do you need to submit? Personal Data Documents Duly filled out Application form Photocopy of Marriage Contract (if applicable) Photocopy of any government-issued ID with picture and signature Income Documents For locally employed applicants: Certificate of Employment 3 months latest pay slips If Overseas Filipino Worker (OFW): Original Consularized Special Power of Attorney (SPA) Passport with entry and exit stamps For self-employed applicants: Business Registration Latest 6 months Bank Statements Financial Statements
 ITR Top 3 list of suppliers/customers with contact numbers (landline) Collateral Documents Contract to Sell or Reservation Agreement Statement of Account What are the interest rates? Each rate is fixed to their corresponding period. RatePeriod 6.50% 1 year 7.50% 3 year 8.50% 5 year 10.50% 10 year 11.50% 15 year Real Estate Mortgage Fees and Charges Fees and ChargesReal Estate Mortgage Fees Registration Fees Fees collected relating to the registration of TCT with Register of Deeds and are computed by the RD based on loan amount Bank Charges Processing Fee P3,500 Metro Manila; P4,000 outside Metro Manila Appraisal Fee P3,500 Metro Manila; P4,000 outside Metro Manila Other Charges Documentary Stamps Tax collected on legal instruments, loan agreements and other documents which are remitted to Bureau of Internal Revenue (BIR) REM-Doc Stamp P20 for the 1st P5,000 & P10 for succeeding P5000 PN-Doc Stamp P1 for every P200 or a fraction thereof or P1,160,000 / 200 = P5,800 Mortgage Redemption Insurance Form of life insurance that pays off borrower or the whole of the insured's outstanding mortgage balance in case of death or total disability Loan Amount / 1,000 x (standard rate) Fire Insurance Insurance that provides protection to your house against loss or damage caused by fire and is computed by the Fire Insurance provider Notarial Fee Individual Account P400; Developer P800 Amendment Fees and Penalties Full or partial payments made outside the anniversary date of the loan P4,000 Request for shortening or extension of term P4,000 (shortening) P4,200 (extension) Cancellation of Mortgage (for fully paid accounts) P500 Delinquent Interest on unpaid balance (for fully paid accounts) Delinquent interest (interest rate per PN or the repriced interest) and penalty (36%) on unpaid monthly installment Accredited Developers Aboitiz Land Brittany Camella Century properties Crown Asia DMCI Empire East Federal Land Filinvest Greenfield Megaworld Robinsons Land Rockwell Land Shang Properties SMDC Suntrust Vista Residences You can pay your loan by using these two options: —Auto Debit Arrangement (ADA) - Automatically deducted from your account. You may open a Checking or Savings Account with us with no maintaining balance,; or a Debit GetGo Card. —Postdated Checks (PDC) You may need to fill the application correctly and legibly. Salary loan is also available but it is only offered to the existing Union Bank clients. For further information, visit their official website or you can go to their nearest branch within your locality. READ MORE: List of Philippine Embassies And Consulates Around The World Classic Room Mates You Probably Living With Do Not Be Fooled By Your Recruitment Agencies, Know Your Correct Fees Remittance Fees To Be Imposed On Kuwait Expats Expected To Bring $230 Million Income TESDA Provides Training For Returning OFWs Cash Aid To Be Given To Displaced OFWs From Kuwait—OWWA 5 Signs A Person Is Going To Be Poor And 5 Signs You Are Going To Be Rich
For further information, visit their official website or you can go to their nearest branch within your locality.
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