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Own a Philippine Home Loan

Go to any PNB HongKong branch to inquire about OPHL in Hong Kong

Singapore

Feature	Singapore
Loan Purpose Acquisition of a residential lot, house & lot, townhouse, row house and condominium unit located in Metro Manila and key cities in the Philippines House construction/ improvement Refinancing/take-out of loan from other financial institutions in the Philippines
Eligible Borrowers	OFW with a minimum employment of two (2) years in Singapore and and annual income of SGD 30,000 Natural born Filipinos who lost their citizenship (limited to a maximum lot area of 1,000 sq. meters for US and Japan and 5,000 sq. meters for Singapore) Foreigners/non-Filipinos (limited to the acquisition of condominium units) (in the US limited to the acquisition of condominium units only where the common areas are owned by the Condominium Corporation, i.e. alien interest in such corporation should not exceed 40% as required by Philippine law)
Loan Amounts	Minimum Loan: USD 10,000 for lot purchase or house improvement or house construction. Loanable amount is 80% of the appraised value of the property or buyer's paying capacity (BPC), whichever is lower

House & Lot, Condos, Row house, Townhouse
Minimum	Minimum USD 20,000
Maximum

Lot Only
Minimum
Maximum	60% of the appraised value or buyer's paying capacity (BPC) whichever is lower
Home Construction	80% of the appraised value of the Bills of Materials/Construction or buyer's paying capacity (BPC) whichever is lower
Interest Rate	Fixed rate of 9.00% p.a. for the first ten years; or Prevailing USD Prime Lending Rate plus 3% spread
Term	Maximum of twenty(20) years
Documentary Reqt’s: Applicant	Loan Application Form Singapore issued Identification Card Passport Latest two (2) years Income Tax Return; if self employed, income tax return for the last 3 years Payslip for the last two (2) months. Certificate of Employment stating salary rate, position and length of employment. Bank statements and Credit Cards Statement for the last three (3) months Marriage Contract (if applicable) One (1) Passport size picture Credit Bureau Report On the Lot Copy of Transfer Certificate of Title (TCT) / Condominium Certificate of Title (CTC) Location plan with vicinity map certified by a Geodetic Engineer. Tax Declaration, Current Real Estate Tax Receipt & Tax Clearance HOUSE CONTSTRUCTION/ RENOVATION Bill of Materials/Construction duly signed by a Civil Engineer or Architect. Floor plan & specifications
Others Reqt’s	Life Insurance equivalent at least of the loan Fire Insurance coverage on the mortgaged property

Japan

Feature	Japan
Loan Purpose Acquisition of a residential lot, house & lot, townhouse, row house and condominium unit located in Metro Manila and key cities in the Philippines House construction/ improvement Refinancing/take-out of loan from other financial institutions in the Philippines
Eligible Borrowers	Filipinos in Japan with working, long-term, permanent residence, during mission, Investors/Business managers, designated activities visas and who are gainfully employed: Filipino spouses for Japanese and other nationalities, (Spouses should both be the borrowers);
Loan Amounts	Minimum loan amount allowed is from PHP 500,000 for lots and PHP 1,000,000 for house & lot For purchase of vacant residential lot, up to 60% of the appraised value; For purchase of residential house & lot, town house, row house or condominium unit, up to 80% of the appraised value of the property;

House & Lot, Condos, Row house, Townhouse
Minimum	Minimum PHP 1,000,000
Maximum
Lot Only
Minimum	PHP 500,000
Maximum
Home Construction	80% of the appraised value of the lot and the house to be constructed;
Home Improvement	For major house renovation/improvement, up to 80% of the appraised value of the house and lot PLUS 80% of the appraised value of the Bill of Materials of the house to be renovated;
Refinancing	For refinancing/take-out, up to 80% of the property to be financed or the outstanding principal balance from the seller/developer, whichever is lower
Interest Rate	Prevailing JPY Long Term Prime Rate set by the Bank, based on the rate quoted by Mizuho Corporate Bank (current rate is 2.25%) plus 5% or a total of 7.25%per annum subject to resetting every anniversary date. 7.25% is current rate as of April 9, 2007. Rates are subject to change without prior notice*
Term	Minimum of one year of one (1) maximum of seven (7) years.
Documentary Reqt’s: Applicant	Accomplished Loan Application One passport size picture (Husband & Wife) Copy of Passport & Visa Copy of Alien Registration (Non-Japanese) Copy of Driver's License (Japanese) ORIGINAL copy of Certificate of Employment indicating date of commencement of employment and present salary. If self-employed business registration certificate. Copy of Income Tax returns for the past two years. If self-employed copy of Audited Financial Statements Copy of Payroll Slips (latest 3 months) Copy of Marriage Certificate (Koseki Tohon) Copy of Residence Certificate (Jyumin-Hyo) JPY 25,000 application fee (non-refundable)
	To be produced by seller/developer Copy of Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) Copy of Tax Declaration, Realty Tax Receipt, & Tax Clearance Lot Plan Certified by the Geodetic Engineer Location and Vicinity Map Copy of Purchase Agreement or Reservation Agreement or Contract to Sell with updated Statement of Account. For house construction and improvements: Building plan specifications duly signed by a Civil Engineer or Architect Bill of Materials or Construction Cost Estimate duly certified by a Civil Engineer or Architect; and Duly approved building remodeling or building permit from City Engineers Office.

Los Angeles

Feature	L.A.
Loan Purpose Acquisition of a residential lot, house & lot, townhouse, row house and condominium unit located in Metro Manila and key cities in the Philippines House construction/ improvement Refinancing/take-out of loan from other financial institutions in the Philippines
Eligible Borrowers	Filipinos residing and working abroad who have maintained their Filipino citizenship Natural born Filipinos who lost their citizenship (limited to a maximum lot area of 1,000 sq. meters for US and Japan and 5,000 sq. meters for Singapore) Foreigners/non-Filipinos (limited to the acquisition of condominium units) (in the US limited to the acquisition of condominium units only where the common areas are owned by the Condominium Corporation, i.e. alien interest in such corporation should not exceed 40% as required by Philippine law)
Loan Amounts	Maximum of 80% of appraised value (AV) for purchase of lot with proposed/ongoing construction/newly-built house, townhouse or rowhouse and condominium unit will be up to The loan for house construction will be up to a maximum of 80% of the AV of the lot and house to be constructed and for house improvement will be up to a maximum of 80% of the AV of the lot and of the bill of materials of the house to be improved/renovated. The loan for the purchase of lot and existing improvements which are no longer brand new (i.e. house, townhouse or rowhouse and condominium unit) will be up to a maximum of 80% of the AV of the real estate property to be acquired.

House & Lot, Condos, Row house, Townhouse
Minimum
Maximum	80% of verified selling price of the property or as per Reservation Agreement/Contract to Sell entered into between the borrower and the seller/real estate developer if the property is acquired from a PNB-accredited project of a PNB-accredited developer 80% of the appraised value (AV) for non-accredited projects.
Refinancing
Interest Rate	Annual Percentage Rate
Term	Maximum of 20 years for a house and lot; 10 years for purchase of a lot only.
Documentary Reqt’s:	Loan application which includes: Personal Financial Statement, Collateral Appraisal/Reappraisal Authorization, Credit and Financial Information Authorization and Declaration of Purpose Statement (for downloading from this website)
Applicant	Latest 2 years Federal Income Tax Returns with the corresponding W-2 Latest two (2) months payslip Latest two (2) months Bank statements NOTE: for self-employed applicants, 3 years income tax returns evidencing consistent profits will be required. In order to obtain a proper appraisal of the property, the following items should be obtained & forwarded to PNB: Transfer/Condominium Certificate of Title (may still be in the name of seller) Lot Plan certified by Geodetic Engineer Location/Vicinity Map Realty Tax Declaration Reservation Agreement, Contract To Sell or Conditional Deed of Sale (if borrower has tendered a down payment) For house construction, complete architects plan specification of the proposed house/project and detailed cost estimate e of the proposed house/project with detailed quantity take-off of each structure.

New York

Feature	N.Y.
Loan Purpose Acquisition of a residential lot, house & lot, townhouse, row house and condominium unit located in Metro Manila and key cities in the Philippines House construction/ improvement Refinancing/take-out of loan from other financial institutions in the Philippines
Eligible Borrowers	Filipinos residing and working abroad who have maintained their Filipino citizenship Natural born Filipinos who lost their citizenship (limited to a maximum lot area of 1,000 sq. meters for US and Japan and 5,000 sq. meters for Singapore) Foreigners/non-Filipinos (limited to the acquisition of condominium units) (in the US limited to the acquisition of condominium units only where the common areas are owned by the Condominium Corporation, i.e. alien interest in such corporation should not exceed 40% as required by Philippine law)
Loan Amounts	UP to a maximum of US$1.0 million. The loan will usually be limited to a maximum of 60% of the current market value of the property as determined by the Bank's appraisers. 40% of the selling price of the property must be funded by the borrower.

House & Lot, Condos, Row house, Townhouse
Minimum	Minimum of US$20,000
Maximum

Lot Only
Minimum	US$10,000
Maximum
Interest Rate	Variable at 3% over Wall Street Prime and adjust annually. Proceeds of the loan will be released lump sum in Philippine Pesos (converted at the Bank's prevailing buying rate for telegraphic transfers).
Term	Maximum of 20 years for a house and lot; 10 years for purchase of a lot only.
Documentary Reqt’s:	Loan application Standby Letter of Credit application
Applicant	Personal Financial Statement Authority to verify Credit Information Latest 2 years Income Tax Returns Most recent pay stub Certificate of employment (giving length of service and gross annual salary) NOTE: for self-employed applicants, 3 years income tax returns evidencing consistent earnings will be required Photocopy of 2 valid I.D.s (photo I.D. required) In order to obtain a proper appraisal on the property, the following items should be obtained & forwarded to PNB: Transfer Certificate of Title Lot Plan Certified by Geodetic Engineer Location/Vicinity Map Realty Tax Declaration Reservation Agreement or Conditional Deed of Sale (if borrower has tendered a downpayment) $50.00 non-refundable application fee All appraisal fees, and other out-of-pocket expenses will be paid by the borrower.