MANILA, Philippines - Following the huge success of the 5.55-percent Home Loan Rate, the Philippine National Bank (PNB) has extended its special home loan offering until Aug. 31, 2011. The 5.55-percent fixed rate for one year, which is currently the lowest in the market, has attracted interest along with the 8.88-percent, five-year fixed rate loan. The PNB Home Loan can be used to purchase residential house and/or lots, condominium units, home repairs, renovation, construction, and even refinancing of existing home loans with other banks or loan agencies. PNB also offers competitive rates for auto loans. These special rates provide one of the highest maximum loanable amounts and the lowest interest rates in the industry today. The PNB Consumer Finance Group also significantly revamped its loan approval process making loan applications easier and faster for clients. Now it only takes around 24 hours to have your auto loan approved and two to three weeks to get your home loan approval.