PSBank accredits over 100 developers for home loan

MANILA, Philippines - Philippine Savings Bank, the thrift bank of the Metrobank Group, has accredited over 100 property developers for its home loan program.

PSBank vice president and head of indirect mortgage channels Avi Melicor said they have partnered with top developers that provide quality homes and communities “to give our clients more choices at rates that are within their budget.”

“To those who are still hesitating, now is the best time to get that house or condo unit because the market has provided a very favorable environment for aspiring homeowners,” the bank official said.

“Clients will get to choose from over 500 projects of more than 100 accredited developers such as Ayala Land, Century Properties, DMCI, Empire East, Federal Land, Megaworld, Robinsons Land, Rockwell Land, San Miguel Properties, SMDC, Suntrust Properties and Vista Land,” she said.

With PSBank Home Loan, clients can pay as low as P6,140.87 for monthly amortization, plus enjoy a flexible payment scheme.

This means choosing from a lock-in period of one to 25 years to take advantage of steady and affordable interest rates during the preferred period.

Melicor said loan approval would also be fast and convenient. “Clients will be informed of the bank’s credit decision in five days or less through a text message. This eliminates the unnecessary process of waiting, making follow-ups and going through needless anxiety and frustration” .

She said they would also be extending discounts to their clients.

“Best of all, clients will be rewarded with discounts on their loan when they pay in advance or in excess of their monthly due. When clients plan their budget and make their advance or excess payments a regular habit, they can lower their total loan amount, shorten their loan term or even get to enjoy both benefits,” Melicor said.

“There are no pre-termination fees or penalty charges when you pay off your loan early. It’s all good with PSBank Home Loan with prime rebate,” she added.