Guide on PNB Personal Cash Loan Offer for Filipinos
PNB – The Philippine National Bank launched its own Personal Cash Loan offer that can address multiple financial needs.
One of the most popular and reputable banks in the country is the Philippine National Bank. More popularly called PNB, it has been in the service of the Filipino people for decades already 1916 when it was established by the government.
The offers of the PNB encompass both products and services that are beneficial for personal and business operations. Its offers include the following:
- savings and checking accounts
- debit and credit cards
- loans
- investment products
- remittance services
- insurance policies
Previously, the loan offers of the Philippine National Bank posted on their website only includes the Home Loan and the Auto Loan offers. Meanwhile, it continually grew its offers and it launched the PNB Personal Loan, a multi-purpose cash loan offer.
As for which purposes you may apply for the PNB cash loan offer for? It is open whether you are up to financing an intent in any field including the following:
- Education/Tuition Fee
- Medical expenses
- Purchase of appliances, furniture, and other household needs
- Vacation trips
- House renovation
- Other personal needs
According to the Philippine National Bank, the loan offer is non-collateral. Thus, there is no need for a client to present a residential property ownership or a car ownership to be used as the collateral under the offer which the bank can take in the event of non-payment of the loan.
Who are qualified to apply for the PNB Personal Cash Loan offer? Here are the qualifications set by the bank in applying for the loan offer:
- Filipino citizens
- At least 21 years of age,but not more than 65 years of age upon loan maturity
- Employed or self-employed individual with a minimum annual gross income: Php 120,000
PNB stated that the eligibility to apply for the cash loan offer does not mandate a loan applicant to be a credit cardholder of the bank. You may pay for the amount you borrowed for up to 60 monthly installments thus there is really a choice for light monthly installments.
How much you may borrow under the loan offer? The actual loanable amount may vary depending on certain factors like the capacity of the borrower but the bank has generously posted the range of the amounts allowed for borrowing under the offer.
