PNB House Purchase Loan: How To Apply, Requirements, Loanable Amounts…

Guide on PNB House Purchase Loan Offer Features and Application

PNB HOUSE PURCHASE LOAN – Here is a guide on how to apply for the housing loan offer of PNB, the requirements, and the loanable amounts.

The Philippine National Bank, more commonly called PNB, is one of the banking giants that you may turn to for financing of a residential property purchase. You can check the details below.

PNB House Purchase Loan
Photo Credit: Biliran Island

PNB House Purchase Loan. The acquisition of a residential property may it be a vacant residential lot, a house and lot, a condominium unit, or townhouse is one of the purposes that the Housing Loan offer serves.

Who are qualified to apply for the said loan offer? To be eligible, the applicant-borrower must be:

  • a Filipino citizen
  • at least 21 years old upon the loan application but not more than 65 years old upon the loan maturity
  • employed or self-employed

How much you may borrow under this loan offer? The Philippine National Bank has set different loanable amounts depending on the purpose of housing loan application. For the purpose of acquiring a residential property, the following are the minimum and maximum loanable amounts:

  • Minimum Loanable Amount:
    • For lot purchase – Php 500,000.00
    • For other residential property purchase:
      • within Metro Manila – Php 750,000.00
      • outside Metro Manila – Php 500,000.00
  • Maximum Loanable Amount:
    • For lot purchase – up to 70% of the appraised value
    • For other residential property purchase – up to 80% of the appraised value

Requirements. There are documentary requirements in applying for the loan offer. The list of documents needed depends if you are employed, self-employed, or an overseas Filipino worker.

You may also visit – PNB LOAN: Full List of PNB Loans You May Apply For

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