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

Thursday, August 30, 2018

Why Do You Need To Convert Your Land Title To eTitle?

Buying real property can be considered among very important investments for an overseas Filipino worker (OFW) must have. having your own house and lot is a big accomplishment in a life of OFWs regardless of how big it is or its location or if you bought it cold cash or through a mortgage loan. To own a real property, it is important that you secure proper documentation. You need to be issued a land title as a proof of ownership. But what if your title was lost or damaged no matter how safe you keep it?
That is why the Land Registration Administration urges every Filipinos to enjoy the benefit and convenience of converting their paper land titles to electronic titles also known as the eTitle.

uying real property can be considered among very important investments for an overseas Filipino worker (OFW) must have. having your own house and lot is a big accomplishment in a life of OFWs regardless of how big it is or its location or if you bought it cold cash or through a mortgage loan. To own a real property, it is important that you secure proper documentation. You need to be issued a land title as a proof of ownership. But what if your title was lost or damaged no matter how safe you keep it? That is why the Land Registration Administration urges every Filipinos to enjoy the benefit and convenience of converting their paper land titles to electronic titles also known as the eTitle. Ads Sponsored Links The Philippine Embassy in UAE on Tuesday, August 28, encouraged overseas Filipino workers (OFWs) in the UAE to convert their physical copy of land titles to e-titles or the digital version of land titles. Under the Land Regulatory Authority’s (LRA) Land Titling Conversion Project, original titles in the Registry of Deeds are now stored in digital databases while the landowner’s duplicate copies of land title can now be converted to e-titles. In a video uploaded by LRA, physical copies of land titles are prone to get lost, production of multiple fake copies, fire, and other natural disasters that may damage the physical copies. Landowners will also no longer need to pay hefty fees in securing another copy of the land title when their duplicate copies are lost. Moreover, e-titles also have security features to further protect the legitimacy of the land title. Landowners need to bring their duplicate land title copies and other required documents to the Registry of Deeds or nearest satellite office. The LRA personnel will then compare the duplicate copy to the original copy stored in their database. Once validated, the physical copy will then be converted to e-titles for a minimal fee. The e-title will be available for pick-up after a few days. The Land Registration Authority has been implementing the Voluntary Title Standardization Program. It provides title owners the option to upgrade manually-issued titles to “eTitles”, which are issued by LRA’s new Computerized System. LRA’s Computerized System was developed as part of the agency’s Land Titling Computerization Project, which aims, among others, to: 1. Maintain on-line information on titles that is current, complete and accurate. 2. Maintain the security and integrity of records by safeguarding these from tampering or destruction and deter substitution or insertion of questionable data, in paper or digital form; and 3. Provide a system of timely detection and identification of fake land titles which will assist in the identification of persons responsible, therefore. How Do You Convert Your Land Title to eTitle? Bring your owner’s duplicate title and other required documents to the registry of deeds or the nearest satellite office. The LRA personnel will match the duplicate copy to the original to validate authenticity. Once validated, the conversion process of your manual title to eTitle will commence. And after a few days, your owner’s duplicate eTitle will be ready for pick-up–all for a price of a movie date. So start enjoying the convenience of a tamper-proof, destruction-proof, lost-proof original eTitle and the security of an owner’s duplicate eTitle. Start converting today!” Why do you need to convert your paper land title to eTitle? Both original and duplicate titles are made of paper and these can be faked, lost, or misplaced, or destroyed by wear and tear, fire, and natural disasters. The answer is land title conversion to eTitle. The LRA has embarked on the eTitling Conversion Project. Original titles in the Registry of Deeds Vaults are now digitzed and stored in the computer database while owners’ duplicate copy of title can now be converted to eTitles. eTitles are immune from the dangers paper titles are exposed to. Landowners are also spared from the expensive and tedious reconstitution process whenever the original titles are lost or destroyed. Ads With the use of technology, the eTitle now empowers the LRA to further improve its delivery of services. eTitles also address the risk management requirements of banks and other institutions. Convert your titles! While the LRA is doing its part, you must also do your share as a landowner. Filed under real property, investments, overseas Filipino worker (OFW), mortgage loan, land title, Land Registration Administration, Filipinos electronic title, eTitles

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The Land Regulatory Authority’s (LRA) urges everyone including the OFWs to convert their physical copy of land titles to the digital version of land titles or eTitles.



Under the Land Titling Conversion Project of the  LRA, original titles in the Registry of Deeds are now stored in digital databases while the landowner’s duplicate copies of land title can now be converted to e-titles.



The Land Registration Authority has been implementing the Voluntary Title Standardization Program. It provides title owners the option to upgrade manually-issued titles to “eTitles”, which are issued by LRA’s new Computerized System.



LRA’s Computerized System was developed as part of the agency’s Land Titling Computerization Project. 

Its aim is to maintain on-line information on titles that is current, complete and accurate. It is also designed to keep the security and integrity of records by safeguarding these from tampering or destruction and deter substitution or insertion of questionable data, in paper or digital form, and provide a system of timely detection and identification of fake land titles and to help identify the persons responsible.


How Do You Convert Your Land Title to eTitle?

Bring your owner’s duplicate title and other required documents to the registry of deeds or the nearest satellite office. The LRA personnel will match the duplicate copy to the original to validate authenticity.

Once validated, the conversion process of your manual title to eTitle will proceed. Your owner’s duplicate eTitle will be ready for pick-up after a few days.

By converting it to its digital version, you can enjoy a tamper-proof, destruction-proof, lost-proof original eTitle and the security of an owner’s duplicate eTitle.


Why do you need to convert your paper land title to eTitle?

 Because it is made of paper, physical copies of land titles are prone to get lost, faked, caught in a fire, and other natural disasters that may damage it. 
Landowners will also be spared to pay hefty fees in securing another copy of the land title when their duplicate copies are lost.



The e-titles also have security features to further protect the legitimacy of the land title.

Ads


With the use of modern technology, the eTitle now empowers the LRA to improve its delivery of services. eTitles also comply with the risk management requirements of the banks and other institutions. You do your share as a landowner while LRA does its part. Convert your titles now.
Filed under real property, investments, overseas Filipino worker (OFW), mortgage loan, land title, Land Registration Administration, Filipinos electronic title, eTitles
Read More:
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
What is the main reason why many Filipinos decided to leave their beloved family behind and work abroad? It is to earn more in order to be able to give their family the best possible future they can give. To buy the things they need, to have their own house to call their home, etc. The overseas Filipino workers (OFW) are usually breadwinners supporting even their extended families as well. The remittances the OFWs send to their loved ones used to be enough to pay their bills, mortgages and even a little extra for them to go to the mall and enjoy. Today, the families of the OFWs are experiencing difficulty in stretching their budget for the whole month due to the high prices of everything. From basic commodities, transport fares, school supplies, etc. Advertisement Godofredo's wife is an OFW in Malaysia. She needed to work there because the family cannot rely on his salary as a "barangay tanod" alone. They use the remittances they receive from his OFW wife for the education of their children, while his salary from his local job is used to pay their electric and water bills. Gina also experienced difficulty in making ends meet and forced to transfer her children to a public school because the remittances sent by her OFW husband is not enough anymore for their expenses. The remittances sent by OFWs abroad is considered the redeeming grace for the Philippine economy by helping stabilize the country's dollar reserve. Ads The Bangko Sentral ng Pilipinas (BSP) said that the OFW remittances had been slowing down and this year was the slowest flow of cash remittances in the past seventeen years. It is due to the repatriation program of the government, according to the BSP. From $13.8 Billion from January to June last year, OFW remittances had slightly gone up to $14.2 Billion at the same period this year. The government said headline inflation rate went up to 4.6 % in May as compared to 2.9% last year mainly caused by price increases in fish and seafood, fuel, lubricants, bread, and cereals. Average inflation at 4.1 %, higher than the government’s 2 - 4 % target for 2018. Due to the price hike, OFWs are encouraged to send at least 20% more of their usual remittance for their family to cope up with the experienced inflation, at least until the prices stabilized. Ads While OFWs do their best to provide for heir family back home, the latter also need to learn to value their sacrifices and hardships by spending the remittances wisely. It is important for them to know how to spend the remittances wisely as a way of helping their beloved OFW.
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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

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.

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.
©2018 THOUGHTSKOTO
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Friday, February 23, 2018

Do You Know That You Can Demand Financial Support If Your OFW Spouse Abandon You?

Got into a mortgage loan agreement and your kids are currently going to school. Your OFW husband suddenly stopped sending remittances several months ago without any notice. How would you pay your bills? Your house loan? Could you do something about it? Fortunately, yes. You can definitely ask financial support for your kids.
The Philippine Family Code is a law stating that a wife and her children should receive financial support. 
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Got into a mortgage loan agreement and your kids are currently going to school. Your OFW husband suddenly stopped sending remittances several months ago without any notice. How would you pay your bills? Your house loan? Could you do something about it? Fortunately, yes. You can definitely ask financial support for your kids. The Philippine Family Code is a law stating that a wife and her children should receive financial support. Advertisement Sponsored Links What laws can protect abandoned wives and children? The Philippine Family Code is a law stating that a wife and her children should receive financial support. The Philippine Family Code Title IV Articles 194-208 defines and support as everything indispensable for sustenance, dwelling, clothing, medical attendance, education, and transportation, in keeping with the financial capacity of the family. The part of education in the clause includes schooling or training for some profession, trade or vocation, even beyond the age of majority (18 years old). Transportation includes expenses going to and from school and/or work. Other laws that wives may find helpful are: Anti-Violence against Women and Their Children Act of 2004 Section 5 (e) states that depriving the woman and her children of financial support legally due her or her family is a crime punishable by time in jail and a fine of no less than Php 100,000. Similarly, it is a punishable crime to deliberately provide the woman’s children insufficient financial support. Solo Parents Welfare Act of 2000 provides several discounts and benefits to women and their children Who can file for a financial support? The victim can apply directly. If the applicant is not the victim then an affidavit of the applicant should be presented. The affidavit should include the circumstances of abuse suffered by the victim and the circumstances of consent given by the victim for filling the application. How to file? To ask for support using the wife shall apply in writing, and it should be signed and verified under oath. In your application, you may be asked the following: You and your husband’s names and addresses Description of relationship Statement of the circumstance of the abuse (including abandonment and no provision of support) and a description of the reliefs requested: Request for counsel and reasons for such Request for waiver of application fees for hearing and An attestation that there is no pending application for a protection order in another court. Where to apply? An applicant can apply to any regional, metropolitan, municipal and municipal circuit trial courts with territorial jurisdiction over the place where the woman lives. How much can financial support be received? The amount of support will be deduced from the needs of the woman and children and the means of the husband. This amount can be reduced or increased also depending on the same variables. While the case is being heard in court, the wife can already receive some financial support by asking for pendent lite. The husband should send allowance within the first five days of every month. What if the husband refuses to communicate? Although the Philippine court does not have jurisdiction over your husband as long as he is out of the country, you can still file a petition as soon as he goes home. File a Protection Order under RA 9262 and a Hold Departure Order. Once granted the Protection Order, the judge will direct the employer of your husband to remit support directly to you and your children. If the employer disregards this notice, they can be penalized for contempt of court and be imprisoned and fined. Filing a case against your husband may be a sensitive and painful task but it is something that you should pursue you and your children’s sake. Besides, no one else will fight for you and your children’s rights but you. Read More: Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse? Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries? Body Of Household Worker Found Inside A Freezer In Kuwait; Confirmed Filipina Senate Approves Bill For Free OFW Handbook Overseas Filipinos In Qatar Losing Jobs Amid Diplomatic Crisis—DOLE How To Get Philippine International Driving Permit (PIDP) DFA To Temporarily Suspend One-Day Processing For Authentication Of Documents (Red Ribbon) SSS Monthly Pension Calculator Based On Monthly Donation What You Need to Know For A Successful Housing Loan Application What is Certificate of Good Conduct Which is Required By Employers In the UAE and HOW To Get It? OWWA Programs And Benefits, Other Concerns Explained By DA Arnel Ignacio And Admin Hans Cacdac ©2018 THOUGHTSKOTO www.jbsolis.com

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What laws can protect abandoned wives and children?

The Philippine Family Code is a law stating that a wife and her children should receive financial support. The Philippine Family Code Title IV Articles 194-208 defines and support as everything indispensable for sustenance, dwelling, clothing, medical attendance, education, and transportation, in keeping with the financial capacity of the family.

The part of education in the clause includes schooling or training for some profession, trade or vocation, even beyond the age of majority (18 years old). Transportation includes expenses going to and from school and/or work.

Other laws that wives may find helpful are:
Anti-Violence against Women and Their Children Act of 2004 Section 5 (e) states that depriving the woman and her children of financial support legally due to her or her family is a crime punishable by time in jail and a fine of no less than Php 100,000.

Similarly, it is a punishable crime to deliberately provide the woman’s children insufficient financial support.
Solo Parents Welfare Act of 2000 provides several discounts and benefits to women and their children

Who can file for financial support?
The victim can apply directly. If the applicant is not the victim then an affidavit of the applicant should be presented. The affidavit should include the circumstances of abuse suffered by the victim and the circumstances of consent given by the victim for filling the application.

How to file?
To ask for support using the wife shall apply in writing, and it should be signed and verified under oath.

In your application, you may be asked the following:
You and your husband’s names and addresses
Description of the relationship
Statement of the circumstance of the abuse (including abandonment and no provision of support) and a description of the reliefs requested:
Request for counsel and reasons for such
Request for waiver of application fees for hearing and
An attestation that there is no pending application for a protection order in another court.

Where to apply?
An applicant can apply to any regional, metropolitan, municipal and municipal circuit trial courts with territorial jurisdiction over the place where the woman lives.

How much can financial support be received?
The amount of support will be deduced from the needs of the woman and children and the means of the husband.
This amount can be reduced or increased also depending on the same variables.
While the case is being heard in court, the wife can already receive some financial support by asking for a pendent lite.
The husband should send an allowance within the first five days of every month.

What if the husband refuses to communicate?
Although the Philippine court does not have jurisdiction over your husband as long as he is out of the country, you can still file a petition as soon as he goes home. File a Protection Order under RA 9262 and a Hold Departure Order.

Once granted the Protection Order, the judge will direct the employer of your husband to remit support directly to you and your children. If the employer disregards this notice, they can be penalized for contempt of court and be imprisoned and fined.

Filing a case against your husband may be a sensitive and painful task but it is something that you should pursue you and your children’s sake. Besides, no one else will fight for you and your children’s rights but you.

 Read More:
Is It True, Duterte Might Expand Overseas Workers Deployment Ban To Countries With Many Cases of Abuse?

Do You Agree With The Proposed Filipino Deployment Ban To Abusive Host Countries?

Body Of Household Worker Found Inside A Freezer In Kuwait; Confirmed Filipina

Senate Approves Bill For Free OFW Handbook

Overseas Filipinos In Qatar Losing Jobs Amid Diplomatic Crisis—DOLE
How To Get Philippine International Driving Permit (PIDP)
©2018 THOUGHTSKOTO
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