Guide on PNB Cash Loan Amount for Clients
PNB CASH LOAN AMOUNT – Here is a guide on the minimum and maximum loanable amount under the Personal Loan offer of the Philippine National Bank.
Are you looking for a bank where you may apply for a cash loan? In the country, one of the trusted and giant banking entities with the said offer is the Philippine National Bank. More popularly called PNB, it’s a state-established bank during the American era in 1916.
The Philippine Savings Bank offers savings and checking accounts, credit cards, loans, investment products, remittance services, and insurance policies among others. One of its loan offers is the PNB Personal Loan or also called the cash loan offer.
As mentioned, the cash loan offer of the Philippine National Bank is multi-purpose. You may apply for it for any of the following:
- Education/Tuition Fee
- Medical expenses
- Vacation trips
- House Renovation
- Purchase of appliances, furniture, and other household needs
- Other personal needs
Under the loan offer, the eligibility criteria is minimal. Here are the qualifications that the client must meet to be eligible to apply for the loan offer:
- Filipino citizens
- 21 years of age and above at the time of the loan application
- not more than 65 years of age upon loan maturity
- Employed or self-employed individual with a minimum annual gross income of Php 120,000
How much is the PNB cash loan amount allowed for borrowing? According to the bank, here are the minimum and maximum loanable amounts under the offer:
- Minimum Loanable Amount — Php 10,000
- Maximum Loanable Amount — Php 2,000,000
The PNB cash loan amount is payable in 3, 6, 12, 18, 24 or 36 monthly amortizations for loans below Php 500,000. Otherwise, the borrower may repay the loan for 48 or 60 monthly amortizations.
The loan is subject to the PNB cash loan interest rate until it is fully-paid. The proceeds will be credited to your nominated PNB account.
Are you interested to apply for the loan offer? Prepare the requirements for PNB cash loan application.