How to Apply for PNB Housing Loan | Requirements

Do you want to apply a housing or home loan with Philippine National Bank (PNB) Sure Home Loan? Just follow the procedures below.
PNB created the Sure Home Loan program to cater the housing needs of their clients.

Procedures for Applying Housing Loan in PNB

1. How to apply for Philippine National Bank (PNB) Sure Home Loan?
• Have a personal appearance to a PNB branch.
• Apply for Sure Home Loan
• Fill out and sign the application form completely
• Submit complete requirements together with the application form to your nearest PNB Branch
2. I am a Filipino working abroad, can I apply for a housing loan?
• Yes. You may opt to submit your loan application form and requirements at our PNB Branches outside the Philippines (please refer to our list of PNB Branches) or at any PNB Branch in the Philippines.
3. What fees do I have to pay?
• An application/appraisal fee has to be paid upon submission of the application form & complete requirements
• Upon approval of the loan the following loan charges will be charged:
• Mortgage Registration fee
• Processing Fee
• Mortgage Redemption Insurance Premium
• Fire/ Lightning/ Earthquake Insurance Premium (for collateral with improvements)
4. I am formerly a Filipino citizen and now a citizen of another country, can I still apply for a housing loan?
• Yes.
5. I am a Filipino relying mainly on a foreigner-spouse, can I still apply for a housing loan?
• Yes, but your spouse’ income should come from employment here in the Philippines.
• On a case to case basis, if based abroad, we should be able to verify the submitted proof of income via our overseas offices. Income considered is only from employment.
6. I am separated, can I apply for a housing loan?
• If you are legally separated and can submit certified true copy of court decision of your separation, we can process the loan without requiring your estranged spouse to sign on all loan documents. However, if you are not legally separated, your estranged spouse have to sign on all the loan documents
7. If I am applying for a construction loan, how will it be released to me?
• For construction loan and major home improvement, the release is on a staggered basis. The loan release will be in accordance with the required percentage completion of the building. Construction period is only for one (1) year, otherwise, the Bank has the option to call your loan due and demandable

Housing Loan Application Requirements

REQUIRED AT ALL TIMES

• HOUSING LOAN APPLICATION FORM (duly accomplished)
• Photocopy of 2 valid ID’s
• Appraisal Fee of P3,300 - non-refundable
• If with co-maker/co-borrower/attorney-in-fact, separate application form is needed

IF EMPLOYED:
INCOME DOCUMENTS

• Photocopy of company ID
• Photocopy of the latest 2 years 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 seamen only)
• PNB-prescribed Special Power of Attorney (SPA), if applicable
• If husband or wife is abroad, to be authenticated by the Philippine Consulate

FOR THOSE BASED IN:
KINGDOM OF SAUDI ARABIA:

• The certificate of employment & salary should be stamped by the Saudi Chamber of Commerce and
• Authenticated by the Philippine Consulate

USA & US TERRITORY:

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

EUROPE:

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

JAPAN:

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

FOR OTHER COUNTRIES:

• 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:

• Photocopy of ID (SSS / GSIS / Driver’s License / PRC License)
• Business Name (DTI) or SEC Registration
• Articles of Incorporation and By-Laws with SEC Registration Certificate, if applicable
• 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:
• Building Plans (complete set) duly signed by a Civil Engineer / Architect
• Bill of Materials / Specifications / Cost Estimates duly certified by a Civil Engineer / Architect
• Scope of Work (for renovation)
• 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)

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