Guide on How Much You Can Borrow Under PNB Housing Loan for Lot Purchase
PNB HOUSING LOAN – Here is a guide on how much you can borrow under this Philippine National Bank loan (PNB) offer for lot purchase.
Nowadays, a lot of people prefer to buy only a lot and construct a house than purchase a fully-furnished house and lot. This is more common among individuals who wanted to design their home.
If you will buy only a lot and construct your own house, the construction process can really be based on how you wanted it to be. You can have it as single-storey, two-storey, bungalow type, etc.
However, like buying a house and lot, purchasing a vacant residential lot alone may also require you a huge amount of money. The amount will depend on the lot area you wanted to purchase.
Meanwhile, there are options to really get started with your dream house. You may apply for PNB Housing Loan which is open for several purposes including the following:
- vacant residential lot purchase
- house construction
- condominium unit purchase
- townhouse purchase
- home improvement
- refinancing
- loan take-out
Who are eligible to apply for this loan offer?
- Filipino citizens
- At least 21 years old but not more than 65 years old upon the loan maturity
- Employed or self-employed with stable source of income
According to PNB, resident foreigners with permanent VISA and natural-born Filipinos who lost their citizenship may apply for the said offer. For resident foreigners, it is only open for condo unit acquisition.
With regards to the loanable amounts under PNB Housing Loan, it depends on the purpose. If you are for the purchase of a vacant lot, here is a guide on how much you can borrow:
- Minimum Loanable Amount – Php 500,000.00
Do you want to apply for this PNB loan offer? You may start with checking on the loan application form – PNB LOAN APPLICATION – Start Applying w/ These Application Forms.
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.
