PHILIPPINE NATIONAL BANK LOANS
SURE HOME’S HOME FLEXI LOAN
Finance your asset acquisition and other personal-related expenditures borrowed against qualified/acceptable residential real estate properties. PNB’s Home Flexi Loan Program is designed to finance your asset acquisition and other personal-related expenditures borrowed against qualified/acceptable residential real estate properties. The proceeds of the loan may be used to address your needs:
- Improvement of an existing residential home
- Acquisition of furniture and fixtures and/or
- home appliances
- Equity payment for a residential property
- Financing of travel & tour expenses
- Acquisition of club shares
- Other personal-related expenditures
Loan Limits: Minimum of Php 200,000 up to a maximum of Php 10,000,000 per borrower subject to credit policies and guidelines.
Collateral: Residential real estate properties, preferably the primary home of the borrower, subject to acceptance based on the Bank’s policies on Real Estate offered as Collateral/Security.
Tenor: Minimum term of one (1) year up to a maximum term of ten (10) years.
Competitive Rates, Personalized Terms: Rates are competitive. A variety of interest-rate setting schemes, loan tenor, and settlement/payment options are available.
SURE WHEELS AUTO LOAN
PNB Sure Wheels is the sure way to afford your brand new car.
Benefits
- Low Interest Rates
- Low Down payment
- Easy Payment Terms
- Quick Approval
- Convenience in Payment
Features
- Purpose: Purchase of brand new or second hand cars
- Eligible Borrowers:
- Borrower must be at least 21 years of age
- Individuals aged 21 years but should not be more than 65 years old at the time of loan maturity
- Partnership and Corporations
Term of loan: The maximum term of the loan shall be 60 months
For Second-Hand Vehicles
- 1-3 year old vehicles – 48 months
- 4 year old vehicles – 36 months
- 5-6 year old vehicles – 24 months
- 7 year old vehicles – 12 months
Loanable Amount
Maximum loanable amount shall be as follows:
- For Brand New/Refinanced Vehicles – up to 80% of the cash list or purchase price
- For Second-Hand Vehicles – up to 75% of the appraised value
Minimum loanable amount shall be as follows:
- For Brand New/Refinanced vehicles – Php 300,000
- For Second-Hand Vehicles – Php 150,000
Repayment Scheme: Equal monthly amortization
Mode of Payment: Payments can be made via Automatic Debit Arrangement and Post Dated Checks
Insurance: Comprehensive Insurance
REQUIREMENTS
Basic Criteria:
- 25-65 years old (not to exceed 65 years of age upon loan maturity)
- Employed / Self-employed for at least 2 years
- Filipino Citizen or Foreigner based in the Philippines
Income Documents:
Employed (Local)
- Latest ITR
- Certificate of Employment with compensation
Employed (Foreign)
- Latest Contract of Employment
- Proof of Remittance
Self-employed / Business Owner
- Latest ITR with Audited Financial Statement
- Latest three (3) month’s Bank Statement
- Business Papers
Partnership / Corporation
- SEC Certificate of Registration
- Articles of Incorporation and By-Laws
- Secretary’s Certificate / Partnership Resolution (using PNB prescribed format)
- Latest ITR with Audited Financial Statement
- Latest three (3) month’s Bank Statement
