Guide on PNB Housing Loan – How Much You May Borrow?
PNB HOUSING LOAN – Below are the minimum and maximum loanable amounts under this loan offer of Philippine National Bank.
If you want to get a house and pay for it in monthly installments rather than rent a residential property, you may turn to loans. These offers are available in banks, lending companies, and some government agencies.
One of the banks that you can turn to is the Philippine National Bank. More commonly called PNB, it is one of the most popular and trusted banks in the Philippines. This state-run bank has a lot of branches across the nation.
PNB’s offers cover savings and deposit accounts, loans, credit cards, and other financial services. You may apply for PNB Housing Loan.
The housing loan offer of the Philippine National Bank is open for the acquisition of vacant residential lot, house and lot, condominium unit, and townhouse. The loan offer is also open for the financing of house construction, home improvement, and loan take-out.
How much you may borrow under the PNB Housing Loan? The bank has set different loanable amounts under the offer depending on the purpose of application. Here are the minimum and maximum loanable amounts under it:
Minimum Loanable Amounts:
- For the acquisition of vacant residential lot – P500,000
- For purchasing house and lot, condominium unit, or townhouse
- within Metro Manila – P750,000
- outside Metro Manila – P500,000
Maximum Loanable Amounts:
- For the acquisition of vacant residential lot – up to 70% of the appraised value of the property
- For the acquisition of house and lot, townhouse, or condominium unit – up to 80% of the appraised value of the property
Do you want to apply for the said loan offer of PNB? There are documents that you must prepare and submit. Feel free to visit – PNB Loan Requirements for House Acquisition: List of What You Need to Prepare.
PNB also has a business loan offer. Do you want to know more about it? You may visit – PNB Business Loan: Minimum & Maximum Loanable Amounts.
