Details about the PNB National Bank Home Loan Interest Rate under the Offer
PNB NATIONAL BANK HOME LOAN – Are you wondering about the interest rate under the home loan offer of the Philippine National Bank?
Many people were able to acquire a residential property sooner than they have set in their time lines with the help of bank offers. Several banks in the Philippines offer housing loans to the public.
More commonly called PNB, the Philippine National Bank which is a state-run bank is one of those with housing loan offers. The PNB Home Loan offers is open for financing of the following purposes:
- acquisition of house and lot, townhouse, or condominium unit
- purchase of vacant residential lot
- house construction
- home renovation
- home loan take-out or refinancing
Do you want to know how much you may borrow under this loan offer? The bank has set different minimum and maximum loanable amounts based on the purpose of the loan application.
To check how much you may be able to borrow under the loan offer, feel free to visit – PNB Housing Loan: Minimum & Maximum Loanable Amounts under the Offer.
With regards to the PNB National Bank Home Loan interest rate, according to the bank, the interest rate depends on the prevailing rate implemented on the date of the application. Meanwhile, the bank has set long terms for the repayment.
For the purposes of financing a lot purchase or home improvement, you may repay the loan for up to 10 years. For the purposes of financing the acquisition of a house and lot, a condominium unit, or a townhouse and the house construction, you may repay PNB for up to 25 years.
Do you want to know the documents that you will need in applying for this loan offer? You may visit – PNB Loan Requirements for House Acquisition: List of What You Need to Prepare.