Guide on PNB Auto Loan 2024 Offer Features
PNB AUTO LOAN 2024 – The Philippine National Bank features a huge loanable amount under its car loan offer.
Are you looking for a bank where you may apply for a loan that can finance your vehicle purchase? In the country, one of the entities that you may turn to is the Philippine National Bank or more popularly called PNB.
The PNB Auto Loan offer is open to finance both brand new and pre-owned vehicles. For brand new vehicles, it can finance an equivalent of up to 80% of the selling price of the vehicle. For second-hand vehicles, it can finance up to 75% of the appraised value of the property.
Undeniably, it has a lot of benefits to have your own vehicle. You can go to your destination at your target time and having a car at home is also an emergency preparation. You can head somewhere at any time of the day most especially during the wee hours.
There is an easy process in applying for the PNB Auto Loan offer. Here are the steps that you may like to follow to ensure a smooth flow of the application process:
Step 1 — Check the Qualifications
PNB has set eligibility requirements in applying for the loan offer. It has different criteria among the employed and self-employed loan applicants. If you are locally-employed, here are the qualifications you must meet to be eligible to apply for the loan offer:
- a Filipino citizen or Foreigner based in the Philippines with valid Alien Certificate of Registration (ACR)
- age is between 21 to 65 years old at the time of loan maturity
- permanently employed for at least 1 year
If you are self-employed, here are the eligibility requirements you must meet to qualify for the loan offer:
- a Filipino citizen or Foreigner based in the Philippines with valid Alien Certificate of Registration (ACR)
- age is between 21 to 65 years old at the time of loan maturity
- business is in operation for at least 3 years
Step 2 — Prepare the Requirements
After securing your eligibility to the loan offer, gather the documentary requirements for the PNB Auto Loan offer. The required documents depend if you are salaried or non-salaried.
Step 3 — File your Loan Application
Visit a branch of the Philippine National Bank (PNB) and submit your loan application to the bank. Wait for a notification or update from the bank.