Guide on PNB Loan for Home Construction Offer Features and Application
PNB LOAN FOR HOME CONSTRUCTION – Here is a guide on how to apply for the housing loan offer of Philippine National Bank for the purpose of financing a home construction.
The Philippine National Bank, more commonly called PNB, is one of the banks in the country that accepts the financing of a house construction. You can check the details of the loan offer below.
PNB Loan for Home Construction. One of the purposes covered by the housing loan offer of the Philippine National Bank (PNB) is the financing of a house construction. It is open for both employed and self-employed individuals.
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
For the purpose of financing a house construction, the maximum loan term is 25 years. However, the bank did not state the loanable amounts under the said offer. The interest rate depends on the prevailing loan rate at the time of the application.
You can repay your loan through Automatic Debit Arrangement (ADA) and post-dated checks. Your monthly amortization will be set equal throughout your loan term. The following are the accredited developers of the bank:
- Eton
- Ayala
- Filinvest
- Robinsons
- Arthaland
- Megaworld
- SMDC
- DMCI
- Vista Land
- Shang Properties
Requirements. There are documentary requirements in applying for this PNB loan offer. The list of documents needed depends if you are employed, self-employed, or an overseas Filipino worker.
- If you are locally employed, you may visit – LIST: Requirements for PNB Housing Loan If You Are Employed (Locally).
- If you are self-employed, you may visit – LIST: Requirements for PNB Housing Loan If You Are Self-Employed.
- If you are an OFW, you may visit – LIST: Requirements for PNB Housing Loan If You Are an OFW.
You may also visit – PNB LOAN: Full List of PNB Loans You May Apply For