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Asia United Bank auto loan for december 2022 in the Philippines

Asia United Bank
Get an auto loan at Asia United Bank. On 03.12.2022 there are 3 options are available to you. Increase your chances of getting a loan - fill out an online application with a free credit rating check.

Offers: 3

Updated:
17.10.2022
08:30
Truck Loan
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Submit your loan application online
Submit your loan application online

Take advantage of our auto loan selection system with a free credit check!

Auto Loan
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Big Bike Loan
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Asia United Bank auto loan calculator in the Philippines

The best auto loan calculator
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PHP
50000 ₱
5000000 ₱
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PHP
50000 ₱
5000000 ₱
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90
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3
120
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Auto loan application in the Philippines

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50000 ₱
5000000 ₱
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1
120
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0 month
Loan comission
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Other types of auto loans

How to get an auto loan

Fill out your application
Fill out your application

On our website you can fill out a short application form for a loan.

Pass a credit check
Pass a credit check

We will offer you to check your credit score online for free.

Send your application online to the suggested companies
Send your application online to the suggested companies

After checking your credit rate, you will be able to send your loan application to the appropriate companies.

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Wait for a response from the lender

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BillEase
5
Albert T
Albert T
02.12.2022 at 09:25
The best interest – lower than other companies. I've been using Billease for 2 years, and want to say thanks. You may use it with no fear to pay for you smartphone or smth.
Review
TALA
2.6
Allan P
Allan P
01.12.2022 at 09:55
With Tala I forget about banks and offices. Everything is in mobile, I could control my money and loan. Choose limit. I just needed driving license and phone number to register account...
Review
BillEase
4.2
Marvin T
Marvin T
27.11.2022 at 13:25
Billease is for you when you need to buy a new gudget but can't afford it, you may pay by parts. And I don't even need a credit card...
Review
TALA
3.2
Joan T
Joan T
24.11.2022 at 19:07
Tala is an option if you need cash quickly. I urgently borrow money I needed. Downloaded the app, apply and it take 5 min to get my cash. App is essy, interface is comfy.
Review
BillEase
4.2
Evelyn M
Evelyn M
22.11.2022 at 10:10
Fast approval and great app. It is easy even for me and I'm not good with technology. I apply, approved and get my Php 2000 in 30 minutes.
Review
BillEase
3.2
Erwin P
Erwin P
17.11.2022 at 13:05
I decided to get a second loan, bigger one. But it takes me ages to apply. They already had my info and acc. Why so long? My sis says its the best lender… I dont know.
Review
Asia United Bank auto loan for december 2022

AUB vehicle loans are available for both new and old vehicles. For both new and used automobiles, the minimal down payment is 20% and 30% of the loan amount, respectively. At the same time, the lowest loan amount is 200,000, and the maximum car loan amount is up to 80% of the selling price of the vehicle.

Borrowers can benefit from the varied loan payment terms offered by AUB auto loans. When purchasing a used automobile, you have the option of making payments over 12, 18, 24, 36, or 48 months. Those looking to acquire a new vehicle may also take advantage of the financing options, which include up to 60 monthly payment plans.

Types of AUB vehicle loans

The bank has auto financing for three automobiles:

  • Auto loan
  • Big bike loan
  • Truck loan

How to apply for AUB vehicle loans?

To apply for AUB motor vehicle loans, carefully follow the processes outlined below:

  1. Visit the AUB website.
  2. Click on Loans and then Motor vehicle loans.
  3. Go down and click on Apply now. Print out the application form that will be displayed and fill it up.
  4. Gather all required papers, including the loan application form, and go to the nearest AUB branch.
  5. You will be attended to. To apply for the loan and receive payment, carefully follow all of the instructions.

Requirements for AUB motor vehicle loan

Check out these eligibility requirements to see if you qualify for a motor vehicle loan.

Basic requirements for individual borrowers

  • The filled-up application form.
  • Two valid government-issued IDs.
  • The latest income tax return and BIR 2316.

For employed applicants

  • Duly filled application form that was downloaded online.
  • Two government-issued IDs with a clear signature.
  • Latest BIR form 2316 or income tax return (ITR).
  • Last three months' payslip.
  • Certificate of employment (COE) showing salary, position in an office, and length of service.
  • Proof of billing address.

For self-employed applicants

  • Duly filled application form that was downloaded online.
  • Two government-issued IDs of the owner and spouse.
  • Business DTI registration.
  • Business G.I.S. (general information sheet).
  • Articles of incorporation and by-laws with SEC registration certificate.
  • Audited financial statements for the last two years with the most recent income tax return.
  • Bank statements for the past six months.

Basic requirements for corporate borrowers

  • Duly filled application form that was downloaded online.
  • SEC certificate of registration.
  • Latest articles of incorporation and business by-laws.
  • Latest general information sheet (GIS).
  • The latest audited financial statements (AFS) stamped received by the BIR and SEC.
  • Latest income tax return (ITR).
  • Bank account statements for the last six months.
  • Two government-issued IDs of signatory/ies.

Basic requirements for partnership

  • The filled-up application form.
  • Two co-borrowers or signatory’s valid IDs.
  • Recent Company and Co-Borrower Income Tax Return (BIR 2316).
  • A pair of original, notarized partnership resolutions (bank format).

Please, visit the AUB website for complete requirements for each motor vehicle loan.

Pros and cons of AUB motor vehicle loan

Weigh these advantages and disadvantages to determine if this is the best auto loan for you.

Pros

  • There is a longer payment period. Therefore the monthly payment is at its smallest.
  • They offer cheap lending rates and small down payments.

Cons

  • There isn't much information on loan terms and costs, so you'll have to go to the bank to find out.
  • You can’t complete your application online.

How to repay the AUB motor vehicle loan?

Like home loan borrowers, AUB motor vehicle loan borrowers have three payment options. Monthly payments can be made at any AUB branch or by issuing AUB post-dated checks. Borrowers can also choose the auto-debit arrangement (ADA), which requires them to enter their accounts and the amount and payment schedule. The payments will be withdrawn automatically from their monthly AUB savings monthly r checking accounts.

FAQ

What type of automobiles can I purchase with an AUB motor vehicle loan?

You can purchase new or used cars, trucks, autos, and bikes.

What information will I give out while applying for an AUB motor vehicle loan?

When you apply for a vehicle loan through AUB, you will be requested personal information such as your name, address, identification number, work details, income, Filipino citizenship status, and email address. Acquisition agreement/bill of sale, certification, title, lease buyback instructions, proof of income, federal tax returns, and financial information may be required before closing, depending on the circumstances of your loan request. They demand car details for refinancing loans and lease buyouts, such as make, model, year, mileage, and vehicle identification number (VIN).

Can I have an AUB motor vehicle loan authorized before I pick up my car?

Yes. Your acquisition loan approval and interest rate are fixed for 30 calendar days from the date of your initial loan request, so you know exactly how much automobile you can afford before shopping.