With a vast network of satisfied customers, Union Bank stands out in the financial sector.
What you need to know about this loan:
- Loan amounts offered: Finance both new and used cars and light trucks.
- Loan terms (monthly): Flexible terms from 12 to 60 months to repay.
- Payment methods: Payments via Auto Debit Arrangement for ease and convenience.
- Interest rate: Competitive interest rates, starting at 5.68% with down payment.
Pros:
- Fast Approval: accelerated approval time so you can drive your car faster.
- Simple Online Application: the entire process can be done online, hassle-free.
- VIP Customer Service: superior experience with dedicated support.
- Dream Car Calculator: plan your financing with online tools.
- Age Flexibility: eligible for individuals aged 21 to 65, including foreigners married to Filipinos.
Cons:
- Age Limit at Maturity: you must be a maximum of 65 years old at the end of the loan term.
- Stringent Documentation: the need for multiple documents can delay the initial process.
Why choose Union Bank for your loan?
Compared to other financial institutions in the Philippines, such as Security Bank, East West Bank, CIMB Bank, and RCBC, Union Bank stands out in several ways.
Firstly, the offered interest rate is highly competitive, especially with the option of a down payment that further reduces rates.
Additionally, Union Bank’s simple and fast online application process surpasses the more manual and sometimes lengthy process of banks like RCBC and CIMB Bank.
Union Bank’s customer service, known for its VIP quality, is superior to what is typical at East West Bank and Security Bank, which, while good, do not offer the same personalized level of service.
Finally, the flexibility to finance both new and used cars, as well as light trucks, provides Union Bank customers with a range of options superior to many competitors.
How to apply for your Union Bank Auto Loan
Ready to get started? Simply tap the button below to learn more about the loan details and how to apply from the comfort of your home.