Philippines

Global Filipino Auto Loan FAQs

  1. What is Global Filipino Auto Loan?
    It is a financing facility for car buyers with chattel mortgage on the financed motor vehicle as security.
     
  2. Who are the eligible borrowers of the facility?
    • Should be at least 21 years old, and will not be more than 60 upon loan maturity.
    • Must have been working abroad for the last two (2) years.
  3. What are the eligible units for financing?
    • Sedan
    • Sports Utility Vehicle (SUV)
    • Passenger Vans
    • Asian Utility Vehicle (AUV)
    • Light Commercial Vehicles (LCV)
  4. What is the maximum loan term?
    Maximum term of loan is sixty (60) months
     
  5. How much is the amount of loan and required down payment?
    Minimum amount of loan is P 400,000.00.
    Maximum loanable amount for brand-new vehicles is up to 80 percent of the cash list or purchase price.
     
  6. What is the interest rate?
    Interest rate is set by management and is computed using the add-on interest method.
     
  7. How long is the processing time?
    The approval process is three (3) to five (5) days upon receipt of complete basic documentary requirements.
     
  8. What are the miscellaneous fees?
    • Chattel mortgage fees – Chattel mortgage fees are determined by the bank based on the PN amount.
    • Comprehensive insurance – Comprehensive insurance coverage on the motor vehicle financed is procured from PNB General Insurers Company, Inc. Insurance coverage is equivalent to the selling price of the unit. Succeeding insurance coverage will be in accordance with the existing policy on insurance coverage on bank-financed undertakings.
  9. What are the mode of payment for monthly amortization?
    • Auto debit arrangement
    • Issuance of post-dated checks (PDCs)
  10. What are the documentary requirements?
    The documentary requirements are:
  1. Signed application form with ID picture;*
  2. Special power of attorney (SPA), duly authenticated by the embassy
  3. Authenticated contract of employment or
  4. Authenticated pay slip
  5. Certified statement of income and expenses

    * Important: Applicant has to fill out application form completely and accurately in order for expedient application processing.
     
Now is the time to reap the rewards and invest in your future.

PNB is OPEN this Holy Week

Selected branches are open on April 17, 18, 19, and 20, 2014. Click here to download list of selected branches.

Extended Banking Hours for Income Tax Returns/Payments


Philippine National Bank (PNB) will open some of its branches on April 5 and 12 to process the Income Tax Returns or Payments. PNB will also extend the banking hours of selected branches up to 5:00 PM from April 1 to 15 to address the expected increase in bank transactions.



Deposit Board Rates

Please be advised of the changes in deposit board rates of Dollar Time Deposit and Prime Savings account. The changes shall take effect on January 1, 2014.


Fees and Charges

Please be advised of changes in our fees/charges & maintaining balance requirements given the need to align the same following the merger of PNB and Allied Bank last February 2013. The changes as applicable shall take effect on January 1, 2014.

Internet Banking

To Our Valued Clients,

PNB Internet Banking will launch an enhanced security feature to provide added protection for your online transactions:

• You will be provided with an Online Activation Code via SMS and e-Mail when you enroll in our Internet Banking facility

• You will also receive SMS notifications whenever you do the following:
- Enroll your Third Party Accounts
- Change your profile details (password, e-Mail address, mobile nos. etc)
- Make an immediate Fund Transfer to Third Party accounts

Please make sure that your mobile number in your Internet Banking profile is updated in order to receive these notifications.

Bank Merger

As PNB and Allied Bank continue to align their services. We are pleased to announce that PNB branches that display the interbranch transaction advisory are now capable of processing selected transactions for former Allied Bank clients. Please proceed directly to the special lanes designated for Allied Bank transactions.

Amendments in the PNB UITF's

Effective October 1, 2013, the product features of various PNB UITF's will be amended. For more details, please click this here

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