Guide on How To Apply for PNB Auto Loan & the Requirements Needed
PNB AUTO LOAN – Here is a guide on how to apply for the auto loan offer of the Philippine National Bank and the requirements needed in applying.
More and more banks are now providing auto loan offers to those who wanted to drive their own car the soonest time possible. One of these banks is the Philippine National Bank.
More commonly called as PNB, the government bank is open to provide cash assistance for those who wanted to purchase a vehicle but cannot pay for it in full yet. The bank will be the one to pay for the bigger part in the purchase. The borrower will pay to the bank in the form of monthly amortizations while enjoying the benefits of having your own car.
The PNB Auto Loan offer is open for both brand new and second-hand vehicles. The application process is easy and there are only minimal requirements.
In this article, we will present a guide on how to apply for the PNB Auto Loan offer including the requirements that you need to prepare. You may follow the simple steps below:
Step 1 – Check for your eligibility for the loan
- Filipino citizen or foreigner based in the Philippines
- at least 21 years old but not more than 65 years old
- employed or self-employed
- partnership or corporation
Step 2 – Visit the nearest PNB branch.
Go to the nearest branch of PNB and ask for a copy of the loan application form. Provide the information asked in the form.
Step 3 – Prepare the requirements.
- Duly-accomplished auto loan application form
- Photocopy of two(2) valid government-issued IDs
- Income documents
Step 4 – Submit the requirements to the bank and wait for the application result.
Bring your requirements to a PNB branch and have it checked by the officer for completeness and accuracy. Wait for the notification from the bank regarding the status of your loan application.
Do you want to know how much you can borrow under this loan offer? You may visit – PNB AUTO LOAN: Minimum & Maximum Loanable Amounts + Interest Rates.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: PNB Personal Loans & Business Loans – Full & Updated List of Loan Offers
How long do I have to wait for the notification? I’ve applied online and submitted the requirements. Two days have already passed and I still didn’t receive any notification.