Guide on PNB Cash Loan Fees and Charges Implemented by Bank
PNB CASH LOAN FEES – Here are the fees and charges implemented by the Philippine National Bank under its Personal Loan offer.
In the Philippines, one of the banks that were able to made a name in the field is the PNB or the Philippine National Bank. It has gained the trust of countless Filipinos with its excellent offers and services which include loans.
Through the years, the Philippine National Bank has continually grew its loan offers. Aside from the PNB Car Loan, the government bank now also offers a Personal Loan which is a multi-purpose cash loan offer.
The cash loan offer of the Philippine National Bank is open for Filipinos aged at least 21 years old at the time of the loan application and not more than 65 years old upon the loan maturity. Both salaried and non-salaried individuals who are earning at least Php 120,000 gross annual income may apply for the loan offer.
The loanable amount under the PNB cash loan may vary but the bank has cited the range of the minimum and maximum amounts allowed for borrowing under the offer. The loan may be repaid for up to 60 months.
One of the best things to do before deciding on how much you will borrow under the PNB Personal Loan is to check out the PNB cash loan fees and charges. This will give you an idea about the possible deductions from your loan proceeds.
Here are the PNB cash loan fees and charges under the Personal Loan offer:
- Processing Fee — P 1,500 to be deducted from loan proceeds
- Documentary Stamp Tax — P1.50 for every P200 approved loan amount or fraction thereof (Applicable for loans above Php 250,000)
- Late Payment Fee — P500 or 5% of the overdue balance, whichever is higher
- Early Settlement Handling Fee/Service Fee — P500 or 5%, whichever is higher (computed based on the outstanding balance)
- Returned PDC Fee — Php 1,500
If you are ready to apply for the loan offer, it is best to make the first move of preparing the requirements for the PNB cash loan application.
