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Own a Philippine Home Loan

Make all your hard work count by investing in a property or home in the Philippines. No need to go back to the Philippines just to apply. With OPHL, you can avail of a home loan even when you are overseas.

Why apply for Own a Philippine Home Loan

  • No need to come to the Philippines to apply
  • Up to 80% loanable amount of the property’s contract price or appraised value
  • No FOREX rate risk
  • No remittance fees
  • Purchase of residential lot, house & lot, condominium, townhouse or rowhouse
  • House construction
  • Home improvement
  • Reimbursement of acquisition or construction cost
  • Refinancing/ loan take out of existing Philippine home loan
  • Accomplished OPHL Application Form
  • Copy of HKID
  • Copy of Passport
  • Proof of billing address (latest)
  • Bank Statement (latest 3 months) – where salary is credited
  • Certificate of Employment (If employed)
  • If with Business:
    • Business Registration
    • Copy of Incorporation and Memorandum and articles of Incorporation and association
    • Financial Statement
    • Inland Revenue Tax Assessment (latest)
    • Copies of title deeds (TCT) and other relevant documents pertaining to the property
    • Statement of Account from Developer
    • TransUnion Certificate/Report (latest 6 months)
    • Spouse’s HKID & Passport (if married)
    • Note: Spouse will sign on all documents under a “Marital Conformity” status.
  1. Use our OPHL calculator to check how much you can borrow and how much your monthly payment will be
  2. Schedule a call with our branch officer
  3. Submit all of the requirements to the branch
    Eligible Borrowers
  • Filipino Citizens currently based in Hong Kong who are employed either as expatriates or local hires
  • Hong Kong Citizens and other foreigners who are working in Hong Kong (restricted to condominium units)
  • Foreigners married to Filipinos and who are residing in Hong Kong.
    Eligibility Requirements
  • Good credit score and credit history
  • Stable employment
  • Sufficient disposable income at 30% average credit ratio
  • Without derogatory accounts in the Philippines
  • 65 years old upon loan maturity
You can get in touch with our PNB loan officers:
Edna Hui
Telephone No: 2525 3636; 2525 3990
Email address : huiee@pnb.com.ph
Mark Lisaca
Telephone No:
2525 3636; 2525 3990
Email address: lisacamr@pnb.com.ph
General
  1. How much should my monthly income be to qualify for OPHL?
    You have to have at least Php 40,000 monthly income to qualify (depending on the acceptable credit ratio)
  2. What are basic documentary requirements to avail an OPHL?
    Application/Identity Documents
    • OPHL Application form, 2 government issued IDs, marriage certificate (if applicable)
    Income Documents
    • Certificate of Employment / Employment Contract and POEA Contract indicating salary, position and tenure.
    • Latest 3 months payslips/pay stubs and/or bank statements where income is credited
    Collateral Documents
    • Copy of title (TCT/CTC)
    • Copy of Tax Declaration on land and/or improvement
    • Payment of appraisal fee
    • Acquisition from Accredited Developer
    • Contract to Sell; or Reservation Agreement with Computation Sheet / statement of account
    • House Construction or Renovation
    • Bill of Materials and Estimates of Construction and Labor Cost
    • Floor and Building Plan and Building Specifications
  3. How much can I borrow?
    • Minimum of PHP500,000.00 or its foreign currency equivalent (USD, JPY, HKD)
    • Maximum of 80% of appraised value of the property or contract price
  4. How long is the processing period of my application?
    The decision to your loan application may be available within 5 to 7 banking days.
  5. What are the acceptable collaterals?
    • Accredited housing projects of Bank accredited real estate Developers
    • Residential properties owned and/or acquired by the bank
    • Acceptable properties under the Policy on Real Estate Offered as collateral/security
  6. How is credit ratio computed?
    • CREDIT RATIO = Monthly Amortization (loan applied for) / *Gross monthly salary
    • GROSS MONTHLY SALARY = Annual salary + Fixed allowances + Bonuses / 12 months
Insurance
  1. What are the insurance requirements for OPHL?
    • Mortgage Redemption Insurance (MRI)
    • Fire Insurance on the Improvement (FI)
    • Contractor’s all risk, for construction loan (CARi)
  2. What is MRI?
    MRI is a term insurance coverage for the borrower with the Bank as beneficiary.
    Example:
    Cecilia Montemayor – Borrower
    PNB – bank where the borrower has an existing housing loan
    If the borrower dies, PNB will be paid by the insurance company and the loan is considered as paid in full.
  3. How much is my MRI coverage?
    MRI coverage should be equal to loan amount. Amount of coverage decreases yearly based on a schedule of predetermined/ pre-computed decreasing balance of the loan.
Payment Method
  1. How can I pay for my loan?
    • Auto Debit Arrangement (ADA) – payment will be automatically deducted from your PNB Account
    • Submission of Post-dated checks (PDC)
  2. How can I pay thru ADA?
    1. Open an account at PNB Branch
    2. Enroll the account as your settlement account for your housing loan
  3. How are my payments/amortizations collected?
    Equal monthly amortization of principal and interest to be collected One (1) month after loan release

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Customer Care Contacts

PNB Cards
Tel. No.: (+632) 8818 9818
Email: pnbcreditcards@pnb.com.ph
Bank Hotline
Tel. No.: (+632) 8573 8888
Email: customercare@pnb.com.ph
Deposits are insured by PDIC up to P500,000 per depositor.
PNB is regulated by the Bangko Sentral ng Pilipinas consumeraffairs@bsp.gov.ph. Access BSP Online Buddy (BOB) via Webchat, Facebook, and SMS 021582277 (for Globe subscribers).
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