Guide on PNB Housing Loan Requirements 2025 for Application
PNB HOUSING LOAN REQUIREMENTS 2025 – For overseas Filipino worker (OFW) borrowers, here are the documents required for application and the qualifications.
Nowadays, more and more entities are making it possible for the people to obtain a residential property without having to pay for it under a one-time full cash payment. Truth be told that not all individuals can afford to buy a house and lot in cash and not everyone, even those who have big savings, can shelve out a huge amount of money. Others would prefer to have it under a loan and use their money somewhere where there is a chance for it to grow.
Banks are among the entities that you may turn to for housing loans. In the Philippines, one of the trusted Housing Loan providers is the PNB or the Philippine National Bank. It has a Housing Loan offer that can finance the purchase of lot, house and lot, condominium unit, or townhouse; house construction; home improvement; and the refinancing of an existing loan.
The PNB Housing Loan offer is open not only for locally-employed and self-employed individuals but as well as Overseas Filipino Workers (OFWs). Are you a Pinoy working abroad? Below, you can check the PNB Housing Loan requirements set for OFW applicants.
There is a general set of eligibility requirements for application. To qualify, the loan application must meet the following eligibility criteria:
- a Filipino citizen
- at least 21 years of age at the time of the loan application but not more than 65 years of age upon loan maturity
- employed or self-employed individual
With regards to the PNB Housing Loan requirements that are documentary, for OFW applicants, here are the documents that you should prepare in applying for the loan offer:
- duly-accomplished and signed PNB Housing Loan Application Form
- clear copy of one (1) Valid ID of Borrower/Spouse/Co-borrower/signatories of the loan
- any of the following income documents:
- Latest contract of Employment
- Latest Certificate of Employment with Compensation
- Latest 3 mos Payslip
The PNB Housing Loan requirements also include collateral documents or the documents pertaining to the property. Here are the collateral documents required by the bank:
General Requirements:
- Copy of collateral Title (TCT,CCT)
- Copy of Tax declaration on Land &/or building
- Lot Plan and Vicinity Map
For Construction Purpose:
- Building/Floor Plan Building
- Specification
- Bill of Materials
For Acquisition from Accredited Developer:
- Contract to Sell
For Purchase of House and Lot/Vacant Lot
- Deed of Absolute Sale or Contract to Sell
Refinancing/Loan Take-out:
- Statement of Account from Mortgagee bank
Aside from the Housing Loan offer, the bank also has the PNB Cash Loan offer.