Guide on the PNB Personal Loans Interest Rates Implemented by the Bank Under Each Offer
PNB PERSONAL LOANS INTEREST RATES – Here is a guide on the interest rates implemented by Philippine National Bank (PNB) under each of their offers.
In the Philippines, one of the trusted banks is the Philippine National Bank or more commonly called as PNB. It is a government bank that has been around since 1916.
PNB caters different types of deposit accounts to the public – both savings and checking accounts and even offers foreign currency accounts. There are also different PNB credit cards that applicants can choose from depending on their needs and wants in a card.
Aside from the accounts and credit cards, PNB also got personal loan offers for the public. These are the housing loan and the auto loan offers.
Based on the official website of the bank, here are the details regarding these loan offers including the minimum and maximum loanable amounts under each. The PNB Personal Loans interest rates implemented under each offer would also be cited.
PNB Housing Loan
The PNB Housing Loan is open for the purchase of a house and lot, a lot, a condominium unit, and a townhouse. It can also provide cash assistance for house construction, home improvement, and loan take-outs.
- Minimum Loanable Amount
- Purchase of Lot within and outside Metro Manila – Php 500,000.00
- Purchase of House and Lot, Townhouse, Condominium Unit
- within Metro Manila – Php 750,000.00
- outside Metro Manila – Php 500,000.00
- Maximum Loanable Amount
- For Lot – Up to 70% of the appraised value of the property
- For House and Lot, Townhouse, Condominium Unit – Up to 80% of the appraised value of the property
With regards to the PNB Personal Loans interest rates under this offer, according to iMoney, the rate is at 5.75% per annum.
PNB Auto Loan
If you are planning to purchase a brand new or second-hand vehicle and needs some cash assistance, you may apply for the PNB Auto Loan. Here are the minimum and the maximum loanable amounts under it:
- Minimum Loanable Amount
- Brand New / Refinanced Vehicles – Php 300,000.00
- Second-hand Vehicles – Php 150,000.00
- Maximum Loanable Amount
- Brand New / Refinance Vehicles – Up to 80% of the purchase price
- Second-hand Vehicles – Up to 75% of the appraised value of the car
According to eCompare Mo, here are the interest rates implemented by the bank under this offer:
- 1-Year Fixed Period – 9.63%
- 1 1/2-Year Fixed Period – 9.54%
- 2-Year Fixed Period – 9.74%
- 3-Year Fixed Period – 9.93%
- 4-Year Fixed Period – 10.03%
- 5-Year Fixed Period – 10.18%
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: PNB Personal Loans & Business Loans – Full & Updated List of Loan Offers
