How Much To Prepare in Applying for PNB Housing Loan
PNB HOUSING LOAN – Here is a guide on the fees and charges in applying for the housing loan offer of the Philippine National Bank.
Nowadays, there is a way to acquire your own residential property even if you don’t have the amount to pay for it in full. It can be made possible through the banks that offer housing loans. One of them is the Philippine National Bank or PNB.
You may apply for the said type of loan to the PNB to serve any of the following purposes according to the government bank:
- Purchase of Lot, House & Lot, Condominium unit, Townhouse
- House Construction, Home Improvement
- Refinancing / Take-out of existing loans
Under the PNB Housing Loan, you can borrow from Php 200,000.00 up to Php 750,000.00. The term of payment can be stretched up to twenty(20) years thus small monthly can be expected.
With regards to the eligibility qualifications under the loan offer, the applicant or borrower must be:
- a Filipino citizen
- a natural-born Filipino who have lost their Filipino citizenship (up to a maximum lot area of 1,000 sq.m. only)
- at least 21 years of age and not be more than 65 yrs. of age upon the loan maturity
- a salaried or self-employed individual
In applying for the PNB Housing Loan, just like the other home loans offered by other banks, there are fees and charges that applicants-borrowers should be prepared of.
Based on the official website of the Philippine National Bank, the appraisal fee will not fall below Php 3,500.00. It is not refundable. Aside from it, the applicant-borrower should also prepare an amount for the processing of the requirements.
To see the full list of requirements in applying for the housing loan, visit – https://www.pnb.com.ph/index.php/loans/housing-loan-requirements.
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