PHILIPPINE NATIONAL BANK

PERSONAL BANKING

Loans

Whether you are ready to purchase your new home, or you want to buy that new car, or you want to consolidate your debts into a more affordable monthly payment, PNB have the loan package to make your dreams a reality.

SURE HOME HOUSING LOAN

If you’re planning to build your dream home, then PNB Sure Home’s low interest rates and flexible payment terms is the product for you. Whether you’re a first-time home buyer, or looking to invest in additional real estate, you will find PNB Sure Home Loan the ideal solution to your home loan requirements. Sure Home gives you one of the higher loan amounts in the industry coupled with one of the lowest interest rates. Add to that the convenience of flexible terms and you will see why PNB Sure Home Loan is a sure deal for your housing loan needs.

Features:

Purpose

• Purchase of Lot, House & Lot, Condominium unit, Townhouse
• House Construction, Home Improvement
• Refinancing / Take-out of existing loans

Eligible Borrowers

• Filipino citizens
• Natural-born Filipinos who have lost their Filipino citizenship (up to a maximum lot area of 1,000 sq.m. only)
• Borrower must be at least 21 years of age and must not be more than 65 yrs. of age upon loan maturity
• Salaried or self-employed individuals

Term of loan

• For Lot purchase / Home Improvement – up to 10 yrs.
• For purchase of House & Lot, Townhouse, Condominium unit & House Construction – up to 20 yrs.

Collateral

• Real Estate property to be financed

Loanable Amount

• Maximum loanable amount shall be the lowest of:

1. Actual Need
2. Paying capacity (up to 30% of gross monthly income can be used as amortization)
3. Up to 80% of the appraised value of the property for house & lot, townhouse & condominium
4. Up to 60% of the appraised value of the property for lot

• Minimum loanable amount

1. P750K for purchase of house & lot, townhouse & condominium – within Metro Manila; P500K – other areas outside Metro Manila
2. P500K for purchase of lot within Metro Manila; P200K – other areas outside Metro Manila

Interest Rate

• 75% fixed for 1 year
• 50% fixed for 2-3 years
• 75% fixed for 4-5 years
• 50% fixed for 10 years
• 25% fixed for 15 years
• 75% fixed for 20 years

Manner of Release

• Lump sum release for loans to purchase a lot, house and lot, condominium unit, or townhouse
• Staggered release for loans to construct a house or for home improvement:

1. Maximum of five (5) releases
2. Only interest payment is required during the construction period & is deducted from the second to last release
3. Final release upon 100% completion of construction whereby all loan releases are consolidated into one promissory note

Repayment Scheme

• Monthly Principal and Interest which shall be adjusted upward or downward depending on the interest rate to be charged for a particular interest period
• Payments can be made via Automatic Debit Arrangement or Post Dated Checks

Appraisal Fee: Minimum of P3,500 (Non-refundable)