Guide on PNB Loan for Home Renovation Offer Features and Application
PNB LOAN FOR HOME RENOVATION – Here is a guide on how to apply for the housing loan offer of Philippine National Bank for the purpose of financing a home renovation.
Are you looking for a bank where you may apply for a loan to finance your home renovation project? One of the entities with the said offer is the Philippine Nationa Bank or more commonly called as PNB. You can check the information about its loan below.
PNB Loan for Home Renovation. The financing of a home renovation is one of the purposes accepted in applying for the Philippine National Bank (PNB) Housing Loan offer. You may be eligible to apply for it whether you are employed or self-employed.
Who are qualified to apply for the said loan offer? To be eligible, the applicant-borrower must be:
- a Filipino citizen
- not younger than 21 years old upon the loan application but 65 years old and below upon the end of the loan term.
- employed or self-employed
For the purpose of financing a home renovation, the maximum loan term is 10 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
- Shang Properties
- Filinvest
- Arthaland
- Vista Land
- Megaworld
- DMCI
- SMDC
- Robinsons
- Ayala
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