Steps for PSBank Home Loan Application 2024 & the Requirements
PSBANK HOME LOAN APPLICATION 2024 – Here is a complete guide on how to apply for the Philippine Savings Bank’s Home Loan with Prime Rebate.
Are you planning to purchase a residential property, construct a house, or renovate your home under a loan? One of the banks that you may turn to is the Philippine Savings Bank or more popularly known as PSBank.
The PSBank is a subsidiary of Metrobank, one of the biggest banks in the Philippines. Its offers encompass different deposit accounts, loans, investment products, and insurance policies. Aside from the cash loan offer of PSBank, it also has several home loan offers.
One of the home loan offer of the Philippine Savings Bank is the PSBank Home Loan with Prime Rebate. It is open to finance any of the following purposes:
- acquisition of house and lot, vacant lot, townhouse or condo unit, duplex
- house construction or renovation
- existing home loan refinancing
- equity or reimbursement of acquisition cost
The bank has provided the range of loanable amount under the PSBank Home Loan offer. If your loan is for the purpose of acquiring a vacant residential lot, the maximum loan term is 10 years. Otherwise, the bank allows a maximum loan repayment of 25 years.
PSBank implements the prevailing interest rate at the time of the loan application. There is an easy process for the PSBank Home Loan application.
Step 1 — Check the Qualifications.
- a Filipino residing in the Philippines
- of legal age
- employed, self-employed, or an overseas Filipino worker (OFW) with a stable source of income
- has a residential landline or mobile number, business landline and email address
Step 2 — Prepare the Requirements.
Prepare the documentary requirements for PSBank Home Loan application. Make sure you have all the documents required by the bank.
Step 3 — Submit your Documents.
Go to a branch of the PSBank nearest to you and submit your documents. The PSBank Home Loan application result may be released within five (5) working days.
Under the PSBank Home Loan, there are loan fees that clients must be aware of. These include charges that are set by the bank during the filing of the loan application, the processing, and after the approval and the release of the loan proceeds.