Check the PNB Housing Loan 2024 Features & Application Here
PNB HOUSING LOAN 2024 – Are you excited to achieve your dream house soon? The Philippine National Bank may help you.
What is your dream house? Is it a bungalow house? A condominium unit? A townhouse? Or you want to buy a vacant lot where you can build a house of your own design? Whichever you want, the Philippine National Bank can help you turn the dream into reality.
More popularly called PNB, the bank has several bank account, card, and loan offers for employed and self-employed individuals. One of the loan offers of the reputable bank is the PNB Housing Loan.
The Housing Loan offer of the private banking entity is ready to serve several purposes. You may apply for it to finance any of the following:
- purchase of vacant lot, condominium unit, townhouse, and house & lot
- house construction
- home improvement
- refinancing or take-out of an existing loan
How much is loanable under the PNB Housing Loan 2024 offer? The borrowing amounts allowed by the bank vary depending on the purpose of the loan application as well as the area where the residential property is located.
| Minimum Loanable Amount | Maximum Loanable Amount | |
| Purchase of house & lot, townhouse, & condominium | ||
| within Metro Manila | Php 750,000 | up to 80% of the appraised value of the property |
| outside Metro Manila | Php 500,000 | up to 80% of the appraised value of the property |
| Purchase of lot | ||
| within and outside Metro Manila | Php 500,000 | up to 70% of the appraised value of the property for lot |
With regards to the loan terms, the loan is payable for up to 10 years for lot purchase and home improvement purposes. Up to 25 years is the maximum repayment allowed for purchase of house & lot, townhouse, and condominium unit, and house construction.
On the interest rate, it is based on the prevailing home loan rate at the time of availment. The loan offer is open not only for individual applications but as well as corporate applications.
The bank has set different lists of PNB Home Loan requirements among the salaried and non-salaried individuals as well as corporate applicants. The loan offer is also open for overseas Filipino workers (OFWs).