Philippine National Bank Housing Loan

I want to apply for Housing Loan in Philippine National Bank so can you please provide me the details of loan?

Whether you're a first-time home buyer, or looking to invest in additional real estate, PNB Sure Home Loan the ideal solution to your home loan requirements

Home Loan

Purpose-

Purchase of Lot, House & Lot, Condominium unit, Townhouse
House Construction, Home Improvement
Refinancing / Take-out of existing loans

Eligible Borrowers-

Filipino citizens
Natural-born Filipinos who have lost their Filipino citizenship (up to a maximum lot area of 1,000 sq.m. only)
Borrower must be at least 21 years of age and must not be more than 65 yrs. of age upon loan maturity
Salaried or self-employed individuals

Interest Rate-

5.75% fixed for 1 year
6.50% fixed for 2-3 years
6.75% fixed for 4-5 years
8.50% fixed for 10 years
10.25% fixed for 15 years
10.75% fixed for 20 years

Term of loan-

For Lot purchase / Home Improvement - up to 10 yrs.

For purchase of House & Lot, Townhouse, Condominium unit & House Construction - up to 20 yrs.

Collateral-

Real Estate property to be financed

Loanable Amount-

Maximum loanable amount shall be the lowest of:

Actual Need
Paying capacity (up to 30% of gross monthly income can be used as amortization)
Up to 80% of the appraised value of the property for house & lot, townhouse & condominium
Up to 60% of the appraised value of the property for lot

Minimum loanable amount

P750K for purchase of house & lot, townhouse & condominium - within Metro Manila; P500K - other areas outside Metro Manila
P500K for purchase of lot within Metro Manila; P200K – other areas outside Metro Manila

Repayment Scheme-

Monthly Principal and Interest which shall be adjusted upward or downward depending on the interest rate to be charged for a particular interest period

Payments can be made via Automatic Debit Arrangement or Post Dated Checks

Appraisal Fee-

Minimum of P3,500 (Non-refundable)

Contact-

Philippine National Bank Financial Center
Pres. Diosdado Macapagal Boulevard, Pasay City, Philippines 1300

Trunkline : (632) 526-3131 to 70 | 891-6040 to 70

Facsimile: (632) 573-4580

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Answered By StudyChaCha Member