The PSBank Home Loan with Prime Rebate makes buying a home fulfilling. We offer faster loan approval, convenient housing loan terms, and great rewards.

If you’re planning to purchase a house and lot, townhouse, condominium unit or residential lot, or construct your own house, we can help you turn that dream into a reality.

If you're tied up with high interest rates from your current bank or your developer, you can free yourself from that by moving your home loan to us.

So whatever your housing loan needs are, PSBank Home Loan with Prime Rebate can serve you better than any other bank.

Now, you can get a decision on your PSBank Home Loan application in 1 DAY! This fast credit decision is valid ONLY FOR PURCHASE OF BRAND NEW CONDOMINIUM UNITS AND PROPERTIES FROM ACCREDITED DEVELOPERS. Click here for the list of accredited developers.

Condominium units and properties purchased from non-accredited developers shall follow the standard Home Loan decision of 5 days or less via SMS.



Loan Amount

• Minimum of PhP500,000 but not to exceed PhP25,000,000
• Up to 80% of the property's appraised value

Purpose • Acquisition of house and lot, vacant lot, townhouse or condo unit, duplex
• House construction or renovation
• Refinancing
• Equity or reimbursement of acquisition cost
Term • Up to a maximum of 10 years for residential lot purchase
• Up to 25 years for house and lot, townhouse, duplex or condo, depending on the loan purpose
Interest Rate Prevailing Home Loan rate at time of loan approval
Interest Fixing
Choose from a variety of fixed term options that locks your interest rate for every succeeding period of 1, 2, 3, 5, 10, 15, 20 or 25 years, until the principal amount is fully paid
Repayment Plan
Principal and interest payable in equal monthly amortizations until fully liquidated
Modes of Payment
  • Online Payment using your enrolled deposit account through PSBank Online and PSBank Mobile
  • Automatic Debit Arrangement from a PSBank deposit account
Collateral First Real Estate Mortgage (REM) over an acceptable residential property
Processing Time

• 1 DAY Home Loan decision for BRAND NEW CONDOMINIUM UNITS AND PROPERTIES FROM ACCREDITED DEVELOPERS;

• 5 days or less for condominium units and properties from non-accredited developers

  • Guaranteed protection against fluctuation during the interest fixing period of the loan

  • Fast loan processing

  • PSBank Prime Rebate:

    • Allows customers to earn rebates or savings when they make advance or excess payments on their PSBank Home Loan’s monthly due.

      • The rebate is automatically applied to all new and existing term loans. The client does not need to register or enroll to get the rebate.

      • Rebates earned from advance/excess payments are computed on a daily basis–including weekends and holidays, starting on the date the payment is posted, and credited every due date.

    • How does the PSBank Prime Rebate work?

      • Make an Advance Payment: For example, when you pay five days before your loan’s monthly due date, you will automatically earn a rebate on a daily basis from the day your payment was posted to the day before your loan’s due date.

      • Make an Excess Payment: If you pay in excess of the amount required on your due date, you will earn a rebate on a daily basis from the date of posting up to the day before the next due date.

Click here to view the List of Properties for Sale.

BOOKING FEES AND CHARGES

Appraisal and title handling fees

PhP5,000 per title (waived if acquiring from an accredited developer of the Bank)

Processing fee

Fixed fee of PhP7,000

Documentary stamp tax

PhP1.50 for every PhP200 and a fraction thereof 

Credit life insurance

Credit Life Insurance from AXA Philippines to cover the full amount of the loan or at a maximum coverage of  PhP8M (for borrowers 18 to 45 years old) or  PhP7M (for borrowers 46 to 64 years old), whichever is lower.

Mortgage registration expenses

Cost of annotation of Real Estate Mortgage and Register of Deeds fees

Miscellaneous fees

Service providers' fees + notarial fee of  PhP500

Cancellation fee

Cost of cancelling previous mortgage and/or other liens, encumbrances (if any)

Fire insurance / Contractor's all-risk insurance

• Fire insurance coverage may be coursed thru Charter Ping An Insurance Corporation or an accredited insurance provider of the Bank. (not applicable if collateral is a vacant lot)

• For Construction Loans, contractor's all-risk insurance coverage will be required upon reaching 30% project completion.

 

POST-BOOKING FEES AND CHARGES

Processing of loan certification

A fee of PhP100 will be charged

Transmittal of loan documents to another branch

A fee of PhP100 will be charged

Due date extension fee (accrued interest from old due date to new due date)

Due date extension fee is computed as: Outstanding Balance x Rate x number of days / 360

Service fee for certificate of mortgage

A certification fee of PhP50 shall be charged plus a notary fee of PhP300 if Certificate of Mortgage is notarized.

Advance payment to principal (after due date)

Subject to the payment of all amount due and the corresponding accrued interest from last due date up to payment date computed as follows: Advance payment amount x Rate x number of days (from last due date to payment date) / 360

Amendment fee for term shortening without advance payment

PhP5,000 shall be charged for amendments pertaining to shortening of terms without advance payment.

Amendment fee for change of re-pricing cycle with change in rate

PhP5,000 shall be charged for amendments pertaining to change in re-pricing cycle with change in rate.  Change in repricing cycle will only be allowed if request falls within the repricing period.

 

 

LATE SUBMISSION FEE OF INSURANCE POLICY RENEWAL (Credit Life and Fire)

31 to 44 days from expiry date

PhP200 shall be charged for late submission of insurance policy renewal documents

45 to 59 days from expiry date

Documentary Stamp Tax (DST) shall be charged

60 days and beyond

Short Rate Charge (which varies per premium amount and inclusive period) shall be charged

 

 

Late payment penalty fee

3% per month or a fraction thereof shall be added on each unpaid install from its due date until fully paid

Attorney's fee and liquidated damages

In case of litigation, borrower shall pay an additional sum equal 25% of all amount outstanding (but not less than PhP5,000) as attorney's fees and the further sum of 10% (but not less than PhP1,000) as liquidated damages, in addition to cost and other expenses of litigation.

Notary fee for release of cancellation of real estate mortgage

A notary fee of PhP300 shall be charged for the release of Cancellation of Real Estate Mortgage

Pre-termination charges / early settlement fee

FREE OF CHARGE

Safekeeping fees

In case the loan documents are unclaimed within 90 days after the date of full payment, a safekeeping fee of PhP1,000 shall be charged automatically on the 91st day. If the documents are still not claimed after 120 days, an additional amount of PhP500 will be charged every month (30 days).

Note: All aforesaid fees and charges will take effect immediately and may be cancelled or modified anytime at the Bank’s sole discretion without any prior notice.

  • Completely filled-out PSBank Home Loan application form
  • Cash or Check payable to Philippine Savings Bank as non-refundable payment for appraisal fees
  • Photocopy of Transfer/Condominium Certificate of Title (TCT/CCT)
  • Contract to Sell/Reservation Agreement (if acquiring from an accredited developer)
  • Valid photo-bearing IDs with signature
  • Copy of Court Decision on Annulment and Certificate of Finality of Decision (if annulled)
  • Copy of Court Decision on Legal Separation and Certificate of Finality of Decision (if legally separated)

  • For employed applicants:
    • Latest Certificate of Employment
    • Income Tax Return or BIR Form 2316 or 2306
  • If applicant is in business or in professional practice:
    • Latest BIR Form 1701 with BIR stamp
    • Latest Audited Financial Statement with BIR stamp

  • For overseas Filipino applicants:
    • Non-Immigrant (contractual worker), any of the following:
      • Consularized Certificate of Employment
      • Job contract
      • Non-consularized Certificate of Employment AND payslip or proof of remittance for the past 3-6 months
    • and any of the following:
      • Proof of remittance for the past three to six months
      • Pay slips for the past three months
      • Latest Income Tax Return
    • Immigrant, Certificate of Employment and any of the following:
      • Income Tax Return
      • Proof of Remittance or Pay slip for the past 3-6 months

  • Additional requirements for refinancing:
    • Proof of Payment of amortization for the last three (3) months
    • Latest Statement of Account from Mortgage

  • Additional requirements for construction loan:
    • Floor and Building Plans
    • Building Specifications
    • Bill of Materials
    • Estimates of Construction and Labor costs

Truth and Transparency in Lending
Enhanced Implementation of the Truth in Lending Act (Republic Act 3765)


The State protects its citizen from a lack of awareness of the true cost of credit to the customer by assuring a full disclosure of such cost and other terms and conditions with a view of preventing the uninformed use of credit.

As such, a disclosure statement is a required attachment to the loan contract. It shall include, at a minimum, the following information:

1.) Total amount to be financed
2.) Finance Charges and all other charges incident to the loan
3.) Net proceeds of the loan
4.) Schedule of Payments
5.) The percentage that the finance charge bears to the total amount to be financed expressed as an Effective Interest Rate (EIR)

Important Notice: The Bank is required to provide the borrower a copy of the disclosure statement prior to the consummation of the credit transaction.

 

For more information:




Loan Calculator

Calculate Now

Quick Loan Inquiry

Inquire Now

PSBank Near You

Forex

PH Peso - US Dollars

PhP {{buying}}

Today is July 12, 2020
Guiding Rate as of {{asOf | date: 'MM/dd/yy'}}
Rates