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Asia United Bank personal loans for february 2024

AUB
Get a personal loan at AUB. On 22.02.2024 there are 2 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.
Offers: 2
Updated:
24.08.2022
12:29
Asia United Bank
Seafarer's Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to ₱500,000
Term
i

Loan term for the financial product

up to 10 months
Get the money you need online
Get the money you need online

Use our quick loan matching system with a free credit check!

Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to ₱500,000
Term
i

Loan term for the financial product

up to 10 months
Reviews
Savii
1
No comment yet coz im not yet approved in my application
Review
DIGIDO
5
very fast
Review
Kviku
4
Please address my concerns regarding my loan application and its processing...
Review
Kviku
1.6
Warning: This lender is predatory and extremely dangerous. Do not use this app for loans as they will trap you with impossible and maliciously high interest rates...
Review
Kviku
1.4
I was charged an excessive amount by KVIKU. My last loan was approved on November 25th, 2022 for 5000 pesos...
Review
Kviku
1.8
High Interest Rate. They approved my auto loan without discussing repayment options in full. Instead, they sent me a contract with scheduled payments, which is nowhere near the advertised 0...
Review
Asia United Bank personal loans for february 2024

AUB offers personal loans to customers seeking financial help. However, the only personal loan the company provides is a salary loan. The latter is an unsecured loan that can be used to pay off your monthly bills.

Types of AUB personal loans

Borrowers can access two types of salary loans, including Seafarer’s and Cashelp salary loans. These loans benefit borrowers because you will not have to pay any interest on the loans when paying back in full as they are non-collateral cash loans. Besides, the salary loans can help you save money by reducing the amount you need to pay out every month for your debts. You can also use these two types of unsecured loans for any purpose, including buying a car, paying off bills, and even start investing in stocks or bonds with this money.

The salary loan offered by AUB for seafarers has the lowest interest rate, no required advance payment, and no co-maker. You may borrow up to ₱500,000 after your credit is evaluated and approved. Upon approval, funds will be paid into your account within 24 hours.

On the other hand, Cashelp is a multi-purpose salary loan that disqualified employees of accredited companies can access, providing easier access to credit with scheduled salary deductions until the full loan amount is repaid.

How to apply for a salary loan?

Once you have an account activated, you can apply for a personal loan via the website or AUB mobile app. Using the website to apply for a salary loan is a simple process. Follow the below steps to apply for a salary loan via the official bank’s website.

  1. Go to the website and click Apply Now button.
  2. Click on Loans.
  3. Click on Cashelp Salary Loan.
  4. Tap Apply Now.
  5. Enter company code.
  6. Read and understand the terms and conditions before clicking I Accept the Terms.
  7. Fill out the Form.
  8. Submit the documents and photos of your identification documents.
  9. Accept undertaking.
  10. Affix your signature.
  11. Click Submit.
  12. Wait for the email verification that your pa9n has been submitted and is being reviewed.
  13. Check the Loan Application Status to track your loans progress.

Requirements

The amount of money you can borrow depends on your salary, but it's also dependent on how much you make and your credit score. You must have a good credit rating and be employed for at least two years to qualify.

Eligibility

  • You must be a Filipino citizen

  • You must be 21 and 60 years old at the time of loan maturity

  • You must have completed at least one employment contract at the time of loan application

  • You must open an account with AUB

  • You just have a minimum gross salary of ₱10,000

Documentary requirements

  • Filled out and signed application form

  • Allotment arrangement certified by the company

  • Photocopy of the Employment Contract with the POEA stamp

  • Photocopy of Passport and Seaman's Book

  • Authority to deduct from your AUB account

  • Photocopy of the Seafarers Registration Certificate (SRC) or Worker's Information Sheet (WIS)

  • Plane ticket or Certificate of Departure issued by the manning agency

List of some of the acceptable IDs

  • Philippine passport

  • Philhealth ID, digitized

  • Voter's ID, digitized

  • Driver's license

  • Postal ID, digitized

  • OFW ID issued by Philippine Overseas Employment Agency (POEA)

  • Firearm's license

  • Maritime Industry Authority (MARINA) ID

  • Seafarer’s Identification & Record Book (SIRB)

  • Pag-IBIG Loyalty Card, digitized

  • Maritime Industry Authority (MARINA) ID

  • SSS ID, digitized or UMID

  • Professional Regulation Commission (PRC) ID

  • Seafarer’s Identification & Record Book (SIRB)

  • Pag-IBIG Loyalty Card, digitized

  • Postal ID, digitized

  • GSIS ID, digitized

Pros and cons

The salary loan is a credit offer between an employer and employee through a financial institution.There are a lot of benefits that come with a salary loan, but apart from that, there are some cons you must know before applying for this type of loan.

Pros

  • You don't have to pay back the loan until your next paycheck. Therefore, you will still have money left over at the end of the month.

  • You can use it to pay off debts or other expenses, like rent or car payments. That way, you'll have extra money for things you want to buy with that money.

  • You will not be required to present much documentation to prove your eligibility since your salary is your collateral.

  • You can get the money you need urgently, as a salary loan can help you get the cash quickly and easily without waiting for a long time for the approval process to finish.

Cons

  • You may be in a lot of debt if you lose your job.

  • You may end up paying a higher loan that the amount you received as the interest rate is high.

How to repay an AUB salary loan?

Repayment of a salary loan is done in three different ways. The most common way is to make payments monthly, with the amount to be paid is decided by AUB. This method comes with all the usual benefits of paying back a salary loan: you get to keep track of your repayments and plan accordingly, which helps you avoid any nasty surprises at the end of your loan term.

The second option is to pay an upfront payment or lump sum. When you repay the loan in this manner, you'll pay back all or part of your salary in one lump sum, and you'll have no accrued interest. The third option combines both options into one — you can choose to pay both upfront and monthly installments at once.

FAQ

What can I use an AUB salary loan for? 

You can use an AUB salary loan for practically anything. You can use it to pay your bills, invest in your future, or just take a vacation. You can also use it to help pay back other loans you might have taken out. 

Will applying for an AUB salary loan affect my credit? 

Yes. Applying for an AUBL loan will have an impact on your credit score. However, the salary loan can help you improve your credit score if you make on-time payments and avoid late payments.