Philippine National Bank is one of the biggest private sector commercial banks in terms of deposits and assets. It is a global bank providing customisable and innovative financial solutions to retail customers, small and medium enterprises and middle market. The bank also maintains account relationships with local government units, national government agencies, Philippine Government and GOCCs (Government Owned and Controlled Corporations). Philippine National Bank, commonly known as PNB, was established in the year 1916 as a government bank. Later on, in the year 2007, it was wholly privatized. PNB has a shareholder base that is broad and is a company that is publicly listed. Lucio Tan Group, one of the biggest conglomerates of Philippines is a major stockholder of Philippine National Bank.
Salaried / Self-employed with regular income
S$24,000 for single and/or joint applicants
up to 60% of monthly salary
Existing Loan EMI - 3 months, 6 months, 9 months, 12 months, 18, months, 24 months
Make your spouse a co-applicant,
and her income will add
to your eligibility
Alternatively add your parents
|Min Loan Amount||SGD 500.00|
|Max Loan Amount||SGD10, 000.00|
|Max Loan Tenure||Up to 10 years|
|Interest Rates||80% of the SGD equivalent of Peso Deposit or 90% of the SGD equivalent of US Dollar Deposit|
|Monthly EMI||Up to 60% of monthly salary|
Buying a home can be a matter of great pride, honour and joy. In today's world, going for a home loan when buying a house is definitely the right thing to do. It provides you with the upfront money that you require to own a house. OPHL, or Own a Philippine Home Loan is one of the best home loan products in the current financial market. People born in Philippines but working in Singapore can avail this home loan product along with the permanent residents of Philippines.
There are several features and benefits of this innovative home loan solution. Some of them are listed below, which will help you to understand more about the features and benefits offered by PNB.
The loan will be made secure by REM (Real Estate Mortgage) on the particular property that is being financed.
While availing the loan, a lump sum amount can be released for refinancing, reimbursement or purchase of property. Staggered release of the loan amount will happen for case of home improvement and construction. A maximum of four drawdowns can a happen. The last drawdown will happens once the property under construction is 90% completed. The whole construction must be completed within the span of one year.
|Tenure||Rate of Interest|
|1 year||7.50% fixed|
|5 years||8.50% fixed|
|10 years||9.00% fixed|