Guide on How Much You Must Pay Monthly Under the PNB Home Loan
PNB HOME LOAN – Here is a guide on how much you must pay for the monthly amortization under the housing loan offer of Philippine National Bank (PNB).
Is your desire to have your own house soon reaching its peak? You can actually start taking a move for it now. You don’t have to wait until you save millions to be able to purchase or construct the house of your dreams.
How is it possible to have a house without a huge cash-out? Through bank loans. Several banks like the Philippine National Bank (PNB) got a type of offer that can help you achieve it.
Under the PNB Home Loan, you may purchase a residential lot; a house and lot; a condominium unit; or a townhouse. You may also apply for it for house construction, home improvement, or the refinancing of an existing loan.
Like in other loans, there are eligibility requirements set under this offer. To be eligible to apply for it, the applicant must be:
- a Filipino citizen, a natural-born Filipino who have lost their Filipino citizenship, or a resident foreigner with permanent visa
- between 21 to 65 years old
- employed or self-employed with stable income
Do you want to know how much you can borrow? It will depend on the purpose of the applicant and as well as the area where the target lot is located. Feel free to visit – PNB HOME LOAN: Minimum & Maximum Loanable Amounts Under It.
In paying for the loan, the maximum loan term for the purchase of a lot and the funding of a home improvement is ten (10) years. With regards to buying a house and lot, a townhouse, or a condo unit, the maximum loan term is twenty (20) years and the same applies to the application for house construction.
Do you want to know how much you must pay for as monthly amortization under PNB Home Loan? You have to prepare certain information first like the following:
- Target loan term
- Target loan amount
- Interest rate
- Annual insurance
You may then visit the official website of the bank to check how much you must pay for monthly under the PNB Home Loan. You may visit – https://cutt.ly/peja56K.
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 LOANS – List of PNB Loan Offers & the Requirements in Applying