Loan Products

1) OWN -A-PHILIPPINE-HOME LOAN PROGRAM

Loan Purpose:

• Acquisition or purchase of house & lot, condominium, townhouse, lot only within Metro Manila & key areas.
• House construction / improvement
• Refinancing / take-out of loan from other financial institutions in the Phils

Eligible Borrowers

• Overseas Filipino Workers with a minimum employment of two (2) years in Singapore and an annual income of SGD 30,000.00
• Natural born Filipinos who lost their Filipino citizenship (limited to a maximum lot area of 5,000 square meters)
• Foreigners (limited to condominium units)

Basic Features

• Minimum Loan:
  USD 10,000 for lot purchase or house improvement
  USD 20,000 for purchase of house & lot, condominium, townhouse, or house construction.
• Loanable amount is 80% of the appraised value of the property or buyer's paying capacity (BPC), whichever is lower
• For purchase of lot only, loanable amount is 60% of the appraised or buyer's paying capacity (BPC) whichever is lower
• For house construction, loanable amount is 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% per annum for the first ten years
  OR prevailing USD Prime Lending Rate plus 3% spread
• Terms of Repayment - Maximum of twenty(20) years
• Collateral - Real Estate mortgage on the property to be financed
• Taxes, front-end fee, legal charges for the account of the borrower

Other Requirements

• Life Insurance equivalent at least of the loan
• Fire Insurance coverage on the mortgaged property

Basic Requirements:

Applicant

• 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 Collateral

• 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

  2) PANGARAP LOANS

Eligible Borrowers

• Available to employed PNB Singapore clients who maintain deposit accounts with PNB

Basic Features

• Minimum Loan - SGD500.00
• Maximum Loan - SGD10,000.00
• Loanable Amount - 80% of the SGD equivalent of Peso Deposit or 90% of the SGD equivalent of US Dollar Deposit
• Interest Rate - 1% flat rate per month
• Terms of Repayment - 3 months, 6 months, 9 months, 12 months, 18, months, 24 months
• Processing Fee - SGD50.00 (with free insurance, maximum of 12 months)
• Monthly amortization - up to 60%v of manthly salary

Basic Requirements:

Applicant

• Original Passbook or Certificate of Deposit
• Employment Contract or Certificate of employment
• Passport
• Singapore Issued card (e.g. WP, IC, Spass, EP)

Collateral

• US Dollar / Peso Savings Passbook / Time Deposits maintained in PNB Singapore or at any PNB Domestic Branches

Contact Person

Please contact our Ms. Menchie Miranda at Tel. No. (65) 67374205 on any matter relating to our Loan Products.
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