List of the Maximum PNB Loan Payment Terms Under Each Offer
PNB LOAN PAYMENT – Here is a list of the Philippine National Bank’s maximum payment terms under the loans it offers.
One of the banks in the Philippines that you can turn to in terms of loan is the Philippine National Bank. More commonly known as PNB, it is a government banking institution in the country.
PNB got the loan offers for those who wanted to acquire a residential property or a vehicle. An applicant may apply for the PNB Housing Loan or the PNB Auto Loan depending on which suits his or her need.
Based on the official website of the Philippine National Bank, under the PNB Home Loan, an applicant may borrow not less than Php 500,000.00 for the purchase of a lot within and outside Metro Manila.
For the purchase of a house and lot, a townhouse, or a condominium unit, the minimum loanable amounts are Php 750,000.00 if the property is within Metro Manila and Php 500,000.00 if it is outside.
With regards to the maximum PNB loan payment terms under the Home Loan offer, a borrower may pay for the amount for up to ten(10) years for lot purchase and home improvement purposes.
For purchasing a house and lot, a condo, or funding a house construction, the payment term can be up to twenty(20) years.
For the PNB Auto Loan, an applicant may apply for it for the purpose of purchasing either a brand new or second-hand vehicle.
Php 300,000.00 is the minimum loanable amount in purchasing a brand new car and Php 150,000.00 for the purchase of a second-hand vehicle.
For the maximum PNB loan payment term under the Auto Loan offer, here are the details:
Brand New Vehicles – 60 months
Second-Hand Vehicles
- For 1-3 year old vehicle – 48 months
- For 4 year old vehicle – 36 months
- For 5-6 year old vehicle – 24 months
- For 7 year old vehicle – 12 months
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