|Philippine National BankAddress:
PNB Financial Center
Pres. Diosdado Macapagal Blvd., Pasay City Philippines 1300
Philippine National Bank (PNB) is one of the country's largest private local commercial banks in terms of assets and deposits. PNB is a universal bank providing a full range of banking and other financial services to large corporate, middle-market, small and medium enterprises (SMEs) and retail customers, as well as to the Philippine Government, national government agencies, local government units and government-owned and controlled corporations (GOCCs). It was originally established as a government bank in 1916 but has been 100% privatized since 2007. PNB is a publicly listed company with a broad shareholder base. Its major stockholder is the Lucio Tan Group, one of the Philippines' leading business conglomerates.
PNB's principal commercial banking activities include deposit-taking, lending, bills discounting, trade finance, foreign-exchange dealings, fund transfers/remittance servicing, a full range of retail banking and trust services, and treasury operations. Through its subsidiaries, the Bank engages in a number of diversified financial and related businesses such as remittance servicing in the United States, Hong Kong, Guam, Italy, Canada, and France; full-service banking in the United Kingdom; investment banking, non-life insurance, stock brokerage, leasing and financing; and freight forwarding services.
Whether you are a first-time home buyer, or planning to invest in more properties, you will find PNB Home Loan the ideal solution for your home loan requirements.
PNB Home Loan has one of the highest loanable amounts, lowest interest rates and the most flexible payment terms available in the market.
With PNB Home Loan, you can start to build your home wherever you are in the world. PNB now has 338 branches in the Philippines and operates 94 overseas offices in 12 countries.
|Terms/Conditions||PNB Home Loan|
Purchase of lot, house & lot, condominium unit, duplex or townhouse.
Purchase/Construction of apartment building of up to 4 units only
House construction, improvement or renovation
Refinancing / Take-out of existing loans
Filipino citizen, whether residing domestically or staying abroad
Natural-born Filipinos who have lost their Filipino citizenship, but transaction is limited to purchase of condominium or a lot/house & lot/townhouse duplex with maximum lot area of 1,000 square meters.
Resident aliens for the acquisition of condominium unit only
Borrower must not be over 65 years old upon maturity of the loan.
|Credit Ratio||30% of gross verifiable monthly income|
Minimum of 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
|Loan Security||1st REM on the property to be financed|
|Loan-to-Collateral Ratio||Up to 80% of appraised value or selling price of units from PNB-Registered developers|
|Loan Term||Up to 20 years|
6.0% fixed for 1 year
7.5% fixed for 2-3 years
8.00% fixed for 4-5 years
10.00% fixed for 10 years
10.50% fixed for 15 years
11.00% fixed for 20 years
Monthly Principal and Interest which may 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
Calculate how much you can borrow based
on your income, loan tenor and interest rate.
The online property database of the BBB+B Program
Chamber of Real Estate and Builders' Associations
Organization of Socialized Housing Developers of the Philippines
Subdivision and Housing Developers Association
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