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Showing posts with label loan agreement. Show all posts
Showing posts with label loan agreement. Show all posts

Thursday, May 17, 2018

Pres. Duterte Aproves Awarding of 60,000 NHA's Unoccupied Housing Units to Other Beneficiaries


According to the National Housing Authority (NHA), there are 68, 863 housing units that are already completed as of July 31, 2017. Out of this numbers, only 8, 837 are occupied which means there are around 60,000 housing units up for grabs!

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According to the National Housing Authority (NHA), there are 68, 863 housing units that are already completed as of July 31, 2017. Out of this numbers, only 8, 837 are occupied which means there are around 60,000 housing units up for grabs! This is the reason why President Rodrigo Duterte signed a joint resolution with the Congress to award unoccupied housing units. These housing units are being built for policemen, soldiers, and other uniformed personnel. But with the resolution, these houses may fall into the hands of other qualified beneficiaries. Under Joint Resolution No. 2 that was signed on May 9, unoccupied housing units will go to other qualified beneficiaries who are in need of shelter. Who are the other qualified beneficiaries? 1. Low-salaried government employees or 2. Public school teachers 3. Employees of the city or municipality that has jurisdiction over the housing project 4. Barangay Officials and employees 5. Informal settlers in the area where the project is located 6. Underprivileged and homeless families in urban centers 7. Those displaced by government infrastructure projects, among others The resolution also states that the following housing units shall be awarded to qualified beneficiaries 1.Unawarded housing units 2. Awarded housings that are not yet occupied 3. Awarded units but ownership and possession are surrendered by their respective awardees in favor of another housing project 4. Housing units whose respective awards were canceled due to their owners’ failure to pay amortization or violation of terms and conditions of the loan agreement With the plan, the NHA Board was also tasked to formulate the rules and regulation for the awarding of housing units. According to the Department of Budget and Management, P20.779 billion was released for the said housing project as of March 31, 2017.
This is the reason why President Rodrigo Duterte signed a joint resolution with the Congress to award unoccupied housing units. These housing units are being built for policemen, soldiers, and other uniformed personnel. But with the resolution, these houses may fall into the hands of other qualified beneficiaries.


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Under Joint Resolution No. 2 that was signed on May 9, unoccupied housing units will go to other qualified beneficiaries who are in need of shelter.

Who are the other qualified beneficiaries?
  • Low-salaried government employees or
  • Public school teachers
  • Employees of the city or municipality that has jurisdiction over the housing project
  • Barangay Officials and employees
  • Informal settlers in the area where the project is located
  • Underprivileged and homeless families in urban centers
  • Those displaced by government infrastructure projects, among others



 The resolution also states that the following housing units shall be awarded to qualified beneficiaries
  • Unawarded housing units
  • Awarded housings that are not yet occupied
  • Awarded units but ownership and possession are surrendered by their respective awardees in favor of another housing project
  • Housing units whose respective awards were canceled due to their owners’ failure to pay amortization or violation of terms and conditions of the loan agreement
With the plan, the NHA Board was also tasked to formulate the rules and regulation for the awarding of housing units. According to the Department of Budget and Management, P20.779 billion was released for the said housing project as of March 31, 2017.

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Friday, May 04, 2018

AUB Salary Loan for Minimum Wage Earners and Seafarers

For minimum wage earners, there are times that it is hard to apply for a loan even in government financial institution, how much more in private. If you are receiving around P10,000 a month salary, it is really hard to apply for a loan, since your payslip is number one requirements to know your capacity to pay. 
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For minimum wage earners, there are times that it is hard to apply for a loan even in government financial institution, how much more in private. If you are receiving around P10,000 a month salary, it is really hard to apply for a loan, since your payslip is number one requirements to know your capacity to pay. But don't you know that Asia United Banks offer a salary loan to employees with minimum monthly salary or P10,000? Yes, this is true under AUB CASHelp. This is a multi-purpose salary loan extended to qualified employees of accredited companies. It provides easy access to credit with convenient repayment via salary deduction! But who are eligible to apply? Regular employees with at least one(1) year work tenure Minimum basic salary of Php10,000 per month Monthly amortization should not exceed 25% of net income How much is the loanable amount? Minimum loan amount of Php30,000 Maximum loan amount of Php250,000 Loan Term Maximum of 36 months Mode of Payment Via salary deduction Interest Rates/ other terms & conditions Subject to bank's approval Company Accreditation Requirements Latest three (3) years Audited Financial Statement Latest General Info Sheet SEC Registration Certificate Company/Employee Profile Aside from CASHelp, AUB also offers loan to seafarers where they can borrow up to P500,000. This is the AUB Seafarers Loan. Who are qualified to borrow? Applicant must be a Filipino citizen, at least 21, but not more than 60years old at the time of Loan maturity Must have completed at least one (1) employment contract at the time of loan application Must open an account with AUB Minimum gross salary of USD$1,000.00 What are the requirements? Completely filled out and signed Application Form Photocopy of Employment Contract with POEA stamp Photocopy of Passport and Seaman's Book Photocopy of Seafarers Registration Certificate (SRC) Allotment Arrangement certified by the company The latest proof of billing Certificate of Departure issued by the manning agency Authority to deduct from AUB account Interested in AUB CASHelp or Seafarers Loan? Call AUB at (02) 470-9498 / (02) 687-0724 (02) 631-3333 loc 885, 836, 837, 180, 181 Email us at cashelp@aub.com.ph
But don't you know that Asia United Bank (AUB) offer a salary loan to employees with minimum monthly salary or P10,000? Yes, this is true under AUB CASHelp. This is a multi-purpose salary loan extended to qualified employees of accredited companies. It provides easy access to credit with convenient repayment via salary deduction!
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 But who are eligible to apply?

  • Regular employees with at least one(1) year work tenure
  • Minimum basic salary of Php10,000 per month
  • Monthly amortization should not exceed 25% of net income

How much is the loanable amount?

  • Minimum loan amount of Php30,000
  • Maximum loan amount of Php250,000

Loan Term
Maximum of 36 months

Mode of Payment
Via salary deduction

Interest Rates/ other terms & conditions
Subject to bank's approval

Company Accreditation Requirements
  • Latest three (3) years Audited Financial Statement
  • Latest General Info Sheet
  • SEC Registration Certificate
  • Company/Employee Profile
Aside from CASHelp, AUB also offers loan to seafarers where they can borrow up to P500,000. This is the AUB Seafarers Loan.

Who are qualified to borrow?
  • Applicant must be a Filipino citizen, at least 21, but not more than 60years old at the time of Loan maturity
  • Must have completed at least one (1) employment contract at the time of loan application
  • Must open an account with AUB
  • Minimum gross salary of USD$1,000.00
What are the requirements?
  • Completely filled out and signed Application Form
  • Photocopy of Employment Contract with POEA stamp
  • Photocopy of Passport and Seaman's Book
  • Photocopy of Seafarers Registration Certificate (SRC)
  • Allotment Arrangement certified by the company
  • The latest proof of billing
  • Certificate of Departure issued by the manning agency
  • Authority to deduct from AUB account
Interested in AUB CASHelp or Seafarers Loan?

Call AUB at (02) 470-9498 / (02) 687-0724
(02) 631-3333 loc 885, 836, 837, 180, 181
Email:cashelp@aub.com.ph

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When we talk about loan there are many government and private institutions that are much willing to approve your application. Be it for a housing loan, car loan or personal loan. Institutions such as banks. Banks like BDO.

What is PERA? It is the first ever voluntary retirement account with tax incentives. OFWs can invest up to P200,000 annually while non-OFWs are allowed a maximum of P100,000 investment per year. Even if the OFW is abroad, the spouse and children can open a PERA account on behalf of the OFW. Upon reaching retirement at the age of 55, all payments or distributions will be tax-exempt. This can either be in a lump sum, a pension for a definite period, or a lifetime.

For Overseas Filipino Workers (OFWs) who are looking for a housing loan, Pag-IBIG Fund is not the only choice. You can choose from different banks in the Philippines, just like Landbank!


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