PNB

Sure Home Housing Loan

Features:

Purpose

 Purchase of Lot, House & Lot, Condominium unit, Townhouse

 House Construction, Home Improvement

 Refinancing / Take-out of existing loans

Eligible Borrowers

 Filipino citizens

 Natural-born Filipinos who have lost their Filipino citizenship (up to a maximum lot area of 1,000 sq.m.

only)

 Borrower must be at least 21 years of age and must not be more than 65 yrs. of age upon loan maturity

 Salaried or self-employed individuals

Term of loan

 For Lot purchase / Home Improvement - up to 10 yrs.

 For purchase of House & Lot, Townhouse, Condominium unit & House Construction - up to 20 yrs.

Collateral

 Real Estate property to be financed

Loanable Amount
 Up to 80% of the appraised value of the property
Maximum loanable amount shall be the lowest of:
for house & lot, townhouse & condominium

 Actual Need  Up to 60% of the appraised value of the property

 Paying capacity (up to 30% of gross monthly for lot

income can be used as amortization) Minimum loanable amount

 P750K for purchase of house & lot, townhouse &  P500K for purchase of lot within Metro Manila;

condominium - within Metro Manila; P500K - other P200K – other areas outside Metro Manila

areas outside Metro Manila

Interest Rate

 5.75% fixed for 1 year

 6.50% fixed for 2-3 years

 6.75% fixed for 4-5 years

 8.50% fixed for 10 years

 10.25% fixed for 15 years

 10.75% fixed for 20 years

Manner of Release Repayment Scheme

 Lumpsum release for loans to purchase a lot,  Monthly Principal and Interest which shall be

house and lot, condominium unit, or townhouse adjusted upward or downward depending on the

 Staggered release for loans to construct a house interest rate to be charged for a particular

or for home improvement: interest period

o Maximum of five (5) releases  Payments can be made via Automatic Debit

o Only interest payment is required during the Arrangement or Post Dated Checks

construction period & is deducted from the

second to last release

o Final release upon 100% completion of

construction whereby all loan releases are

consolidated into one promissory note

Appraisal Fee
Minimum of P3,500 (Non-refundable)
 Housing Loan Requirements

REQUIRED AT ALL TIMES

 HOUSING LOAN APPLICATION FORM (duly accomplished)

 Photocopy of 2 valid government issued ID's

 Appraisal Fee of P3,500 - non-refundable

 If with co-maker/co-borrower/attorney-in-fact, separate application form is needed

IF EMPLOYED:
INCOME DOCUMENTS

 Photocopy of the latest Income Tax Return (ITR)

 Certificate of Employment and Compensation

 Alien Certificate of Registration (ACR) and Official Receipt (if resident alien)

Overseas Filipino Worker

 Photocopy of Passport

 Contract / Certificate of Employment (COE) approved by the POEA, if applicable, authenticated by the

Philippine Consulate (if direct hired)

 Proof of inward remittance thru PNB or other banks

 Crew Contract and Exit Pass from POEA (for seafarers only)

 PNB-prescribed Special Power of Attorney (SPA), if applicable

 If SPA was executed and notarized abroad, such has to be authenticated by the Philippine Consulate

FOR THOSE BASED IN:

KINGDOM OF SAUDI ARABIA:

1. The certificate of employment & salary should be stamped by the Saudi Chamber of Commerce;

and

2. Authenticated by the Philippine Consulate

USA & US TERRITORY:

1. The certificate of employment & salary should be authenticated by the Phil. Consulate
 2. Loan applicant to fill-out the Bank’s Credit Information Authority and pay $50.00 for the Experian

Report in PNB-Los Angeles Desk Office located at #3345 Wilshire Boulevard, Suite 200, Los

Angeles, California 90010, USA

Contact Nos.: 323-802-8001

Telex No.: 6502253656

Fax No.: 213-401-1803

Contact Person: Rowena Tabuzo

EUROPE:

1. The certificate of employment & salary should be authenticated by the Phil. Consulate

2. Loan applicant to fill-out the Bank’s Credit Information Authority and pay L85 for the Equifax

Report in PNB-Europe Desk Office located at G/F Old Change House, 128 Queen Victoria St.,

London, EC4V 4HR, United Kingdom

Contact nos.: 207-3971-340/ 41; 377/397

Telex Nos.: 883981/ 8812797

Fax No.: 207-653-1403

Contact Person: Gloria Alwis

JAPAN:

 The certificate of employment & salary should be authenticated by the Phil. Consulate and should be with

English Translation

FOR OTHER COUNTRIES / SEA - BASED:

 Certificate of Employment & Salary authenticated by the Phil. Consulate

 Proof of inward remittance thru PNB or other banks

 Crew Contract and Exit Pass from POEA (for seamen only)

IF SELF-EMPLOYED:

 SSS / GSIS / Driver’s License / PRC License

 Business Name (DTI) or SEC Registration

 Articles of Incorporation, By-Laws with SEC Registration Certificate and latest General Information Sheet

if applicable

 General Information Sheet

 Financial Statements / Income Statement for the last 3 years

 Photocopy of the Income Tax Return (ITR) for the last 3 years

 List of Trade References (Suppliers / Customers)

PRACTICE OF PROFESSION:

 Clinic Address/es, schedules and contact numbers (for doctors)

 Bank Statements for the last six (6) months

IF FROM COMMISSION:

 Vouchers or Bank Statements for the last six (6) months reflecting commission income

IF FROM RENTAL OF PROPERTIES:

 Submit photocopy of Lease Contracts / TCT’s of Earning Properties

 Bank Statement for the last six (6) months

IF FROM TRANSPORT BUSINESS:

 OR / CR

 LTFRB Franchise

 Business paper / registration

 ITR for the last two (2) years

 Bank Statement for the last six (6) months

COLLATERAL DOCUMENTS

 Two (2) sets of clear photocopy of TCT / OCT / CCT (all pages including blank pages with the book and

page / volume number indicated on the front page)

 Lot Plan with Location / Vicinity Map certified by a licensed Geodetic Engineer
 Photocopy of the latest Tax Declaration / Realty Tax Receipts / Tax Clearance

 Master Deed of Declaration & Restrictions (for Condominium)

 For construction / renovation purposes:

o Building Plans (complete set) duly signed by a Civil Engineer / Architect

o Bill of Materials / Specifications / Cost Estimates duly certified by a Civil Engineer / Architect

o Scope of Work (for renovation)

o Building Permit

 Deed of Absolute Sale or Contract to Sell (purchase of lot / house and lot)

FOR REFINANCING

 Current Statement of Account

 Official Receipt or cleared checks on amortization payments made or Passbook / Bank Statement where

the monthly amortization payment is debited (at least 6 months)