Learn How To Apply For A PNB Loan

Looking for a reliable loan to meet your urgent financial needs? Although applying for a loan comes with its own risk, there is no denying that this financing program promises the fastest way to access the funds you need.

Fortunately, here in the Philippines, you’ll never run out of impressive loan offers to check and try out. The PNB Loan, especially, comes with a distinct set of features that makes it a must-have for many.

Whether it be for house construction, renovation, or even a major purchase, expect that this loan program will respond to your current need. Below is a brief guide that will let you determine whether this deal is the right financing option for you.

PNB Loan
Image source: @PhilippineNationalBank / YouTube

PNB Loan – What To Expect?

Generally, under PNB’s loan offers, individuals can choose between two options: the PNB Housing Loan and the PNB Auto Loan. Depending on which one suits your demands, you can apply for either of the two offers.

Specifically, for the housing loan, individuals can claim as much as up to 80% of the appraised value of the property they are eyeing.

Meanwhile, under the auto loan, they can also have up to 80% of the cash list or purchase price of the brand-new car they are targeting.

To make the loans more favorable, individuals can also enjoy flexible repayment options.

For the housing loan, term options can extend up to 20 years. Clients can choose between paying by equal monthly amortization or by a setup scheme, which follows an initially low monthly payment that swells as the value of the property increases.

For the auto loan, term options can last up 60 months, with equal monthly amortization.

PNB Loan – How To Apply

Generally, the PNB Housing Loan and Auto Loan follows a similar set of eligibility requirements.

This includes being a Filipino citizen or foreigner based in the Philippines with a permanent visa, being at least 21 years of age but no more than 65 upon loan maturity, and being employed or self-employed.

If you meet all these standards, you can proceed to the application process. To do so, simply visit the PNB official site, select “Loans,” choose your preferred loan offer, and click the box that says “Apply for a loan today!”

This will direct you to a copy of the loan application form. Download the document, fill in the necessary information, and submit it to the nearest PNB branch in your area.

Take note that you will be required to submit photocopies of your 2 valid government-issued IDs and income documents when applying for the PNB Auto Loan.

On the other hand, if you’re after the PNB Home Loan, prepare photocopies of your 2 valid government-issued IDs, your Data Privacy Client Consent Form, income and collateral documents, and an appraisal fee of P3,500.

PNB Loan – Fees

  1. PNB House Loan

  • Interest rate – the prevailing home loan rate at the time of issuance

  1. PNB Auto Loan

  • Interest rate – prevailing auto loan rate at the time of issuance

Contact PNB

If you would like to learn more about a PNB loan, you can contact the bank directly. You can call the bank at (+632) 8573 8888 or send them an email at customercare@​pnb.com.ph.

You can also visit their main office at Philippine National Bank Financial Center Pres. Diosdado Macapagal Boulevard, Pasay City, Philippines 1300.

PNB loan
Image source: cashmart.ph

The Bottom Line

Whether it be your dream house or dream car, expect that turning to PNB will grant you the funds you need. Which of these offers suit your current demand? Visit the bank’s official site and review your preferred loan deal today!

Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.