Guide on the PBCom Home Loan Offer Features
PBCOM HOME LOAN – The universal bank is offering one of the biggest maximum loanable amounts for home loans in the market.
Are you looking for a bank that can help you achieve your dream house without a very narrow limit on how much you may borrow? You may turn to PBCom, one of the trusted banks in the Philippines.
PBCom is in the service of the Filipino people for decades now since 1939. It is officially called the Philippine Bank of Communications. It was one of the non-American foreign commercial banks to operate in the country with a branch basing in Taiwan.
The offers of PBCom encompass both personal and business categories. It offers the following among others:
- savings and checking accounts
- time deposit accounts
- loans
- investment management services
- UITF
One of the loans offered by the bank is the PBCom Home Loan. It boasts its loan offer with the following features:
- Get fast loan approval
- Experience personalized service
- Enjoy flexible payment term
- Take advantage of special deals
The PBCom loan offer is ready to finance the acquisition of a house and lot, a townhouse, a residential condominium, or a residential vacant lot; a house construction; the reimbursement of a home purchase; and the refinancing of an existing home loan.
How much you may borrow under the offer? The PBCom Home Loan has one of the biggest maximum loanable amounts in the market. Here is the range of the amounts it allows for borrowing:
- Minimum Loanable Amount — Php 500,000
- Maximum Loanable Amount — up to Php 20,000,000 depending on the loan purpose
The loan is payable for up to 20 years depending on the loan purpose. To qualify to apply for the offer, here are the qualifications that the loan applicant must meet:
- at least 21 years old at the time of the loan application
- not more than 65 years old upon the loan maturity
- Filipino citizen, foreign-based Filipino, or foreign citizen residing in the Philippines
- Salaried or self-employed individuals with minimum gross monthly family income of Php 50,000
When applying for a loan, it is important to check on the interest rate as well as the fees charged by the bank. It is a move of a responsible borrower.
