PNB Housing Loan Provides Huge Loanable Amount To Help You Get Your Family A House

Guide on the PNB Housing Loan Offer’s Features

PNB HOUSING LOAN – The Philippine Savings Bank provides a huge maximum loanable amount to help you achieve your goal to get your family a house.

Are you in the pursuit of getting you and your family a house that you can call your own soon? You don’t have to wait for years. Nowadays, even individuals who can afford to buy a residential property under a one-time cash payment prefer housing loans.

PNB Housing Loan
Photo Credit: FIST, IIT Patna

Housing loans allow you to just pay for the property in monthly installments that are affordable to you. This gives you the chance to use your savings in areas where it has a chance of growing. In the Philippines, one of the banking entities with a housing loan offer is the Philippine National Bank.

PNB
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The PNB Housing Loan offer which is open for both employed and self-employed individuals

  • Purchase of Lot, House & Lot, Condominium unit, Townhouse
  • House Construction
  • Home Renovation
  • Refinancing / Take-out of existing loans

With regards to the PNB Housing Loan loanable amounts, the minimum and maximum loanable amounts vary depending on the purpose of applying for the loan. Here are the minimum and maximum amounts allowed for borrowing under the offer:

Minimum Loanable Amounts:

  • Lot Purchase — Php 500,000.00
  • Purchase of house & lot, townhouse, & condominium
    • within Metro Manila – Php 750,000.00
    • outside Metro Manila – Php 500,000.00
  • Up to 70% of the appraised value of the property for lot
  • Up to 80% of the appraised value of the property for house & lot, townhouse & condominium

The borrowed amount under the PNB Housing Loan is payable for up to 10 years for lot purchase and home improvement purposes. In the case the loan application was made for the for purchase of house & lot, townhouse, condominium unit, or house construction, the loan is payable for up to 25 years.

There is an easy process on how to apply for the PNB Housing Loan offer. You just have to prepare all the requirements set by the bank.

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