Guide on PNB Cash Loan 2024 Application Process
PNB CASH LOAN 2024 – You can check here the guide on how to apply for the Personal Loan offer of the Philippine National Bank and the requirements.
Nowadays, multi-purpose loans are among the best options to turn to in addressing multiple financial needs. In the country, one of the nations that provide this type of loan is the Philippine National Bank or more popularly called PNB.
The Philippine National Bank has several offers — savings and checking bank accounts, investment products, loan offers, credit cards, and insurance policies among others. As mentioned, the bank has a multi-purpose cash loan offer, the PNB Personal Loan.
The PNB Personal Loan is open for both salaried and non-salaried individuals. It is a non-collateral loan offer thus the borrower does not need to present a property as the collateral in applying for the loan offer.
With regards to loanable amount under the PNB cash loan, it varies but the government bank has set a clear range of the borrowing amounts allowed under the offer. All loan applications are subject to the approval of the bank.
The PNB cash loan interest rate applies until the end of the loan term. For loans below Php 500,000, the maximum loan term is up to 36 monthly amortizations. For loans that are Php 500,000 and up, the maximum loan term is up to 60 monthly amortizations.
The loan offer is payable from 3, 6, 12, 18, 24, 36, 48, or 60 monthly amortizations. Here are the steps on how to apply for the PNB cash loan 2024 offer:
Step 1 — Qualifications. Here is the eligibility criteria that the borrower must meet to qualify 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
Step 2 — Requirements. Gather the documentary requirements for the PNB cash loan application process. Make to have valid IDs in applying for the loan offer.
Step 3 — Filing. Visit a branch of PNB nearest to you and submit your documentary requirements to file your loan application. Afterwards, wait for an update from the bank regarding the result of your loan application.
One of the wise moves is to know the fees and charges under the PNB cash loan prior to the loan application. It is also best to have your loan repayment under the Auto Debit Arrangement (ADA) or through Post Dated Checks (PDCs).
