PBCOM Home Loan
With PBCOM Housing Loan you can get your own dream house at affordable rates with flexible payment terms,lower monthly amortization and down payment, plus other great benefits.
If you are looking for housing loan calculator other than PBCOM, eCompareMo can help you with it. Ask us today and we will guide you every step of the way.
PBCOM Home Loan
Get Your Dream House With PBCOM Home Loan. Fast Application, Low Interest Rates And Convinient Housing Loan Terms. Apply Today!
Product Features
Overview
- Product Name:
- PBCOM Home Loan
- Remarks
- Fixed Rate Options from 1 to 5 years
- Minimum Amount of Loan:
- PHP500,000.00
- Maximum Amount of Loan:
- PHP20,000,000.00
- Minimum Loan Tenure:
- 1 years
- Maximum Loan Tenure:
- 20 years
- Maximum Fixed Period:
- 1 years
- Early Repayment:
- Property Insurance Included:
- No
- Accepts Third Party Property Insurance:
- No
- Accepts Third Party Mortgage Insurance:
- No
- Does not Require Mortgage Insurance:
- No
- Payment Options:
- Application Approval Time:
Eligibility and Requirements
- Eligible Property Types
- House and Lot
Vacant Lot
Condominium
Townhouse
- Home Loan Proceeds Can Be Used For:
- Purchase of Property
Refinancing
Construction/Home Improvement
Reimbursement of Acquisition Cost
Property Types and Loan Purpose
- Age Range of Borrower:
- 21-65 years
- Minimum Annual Income:
- PHP600,000.00
- Employment Work Status
- Employed - Private Sector for 2 years
Employed - Government for 3 years
Self - Employed for 3 years
Professional for 3 years
Employed - BPO for 3 years
Employed - OFW/Seafarer for 3 years
- Applicant Must Have a Landline Phone at Home or Office:
- No
- Need to Open Linked Bank Account:
- No
- Guarantor Requirements:
- Collateral Requirements:
- For PBCom the following can be used as a collateral House and Lot, Townhouse, Residential Condominium Unit or Vacant Lot
Fees and Charges/Penalties
- Appraisal Fee
- PHP3,500.00 for Metro Manila Properties
- Processing Fee
- PHP4,000.00
- Bank Fees
- Charged upon loan booking to cover processing fees, insurance premium, notarial fees, mortgage and registration fees and documentary stamp tax.
Interest Rates Offered
Interest for | Fixed Period Interest | Effective Interest Fixed | Variable Period Interest Rate Per Year |
---|---|---|---|
1 year fixed period | 8.00% | 6.50% |
FAQs
What are the eligibility requirements to apply for a PBCom Housing Loan?
- 21 – 65 years old (applicant must not be older than 65 years old upon maturity)
- Filipino Citizen, Foreign-based Filipino, or Foreign Citizen residing in the Philippines
- Salaried Individuals
- Self-employed or with business
- Minimum Gross Monthly Family Income of P50,000
What are the documentary requirements required?
Collateral Documents:
- Clear photocopy of TCT/CCT
- Clear photocopy of Tax Declaration
- Lot Plan and Vicinity Map
ADDITIONAL REQUIREMENTS FOR CONSTRUCTION/RENOVATION
- Approved Building Plan
- Bill of Materials and Specifications
- Building Permit
PERSONAL DATA AND INCOME
- Completely Filled out and signed application form
- Clear photocopy of Marriage Certificate, if applicable
SALARIED INDIVIDUALS
- Certificate of Employment (COE) indicating compensation
- Clear photocopy of Marriage Certificate, if applicable
- Clear photocopy of Latest ITR or Form 2316
- Two (2) valid government-issued IDs with photo and signature
SELF-EMPLOYED INDIVIDUALS
- Clear photocopy of Certificate of Business Registration
- List of at least three (3) clients or suppliers with contact numbers
- Latest ITR (clear photocopy)
- Latest Audited Financial Statements (clear photocopy)
- Last three (3) months Bank statements (clear photocopy)
- Two (2) valid photo-bearing government-issued IDs with signature
Can I buy a property even outside metro manila?
- Yes.
How can eCompareMo help me to get the best Home loan Deal?
- eCompareMo.com is the leading financial comparison website for the best bank products in the country. You will be prompted to enter detailed specifications in order to provide you with the right home loan products relevant to the information you entered. Making side-by-side comparison of bank products is now so much easier. We also provide free loan processing assistance.