BANK BORROW PLAN

Smart Home Flexi Loan With FREE Insurance Upgrade Promo

Date Posted: Nov 26, 2018



  1. The Insurance Upgrade Promo is open to new Home Flexi Loan applications received from July 1 to November 29, 2018 and booked on or before January 2019.
  2. The promo entitles the eligible borrower to a free upgrade from a regular fire insurance to a Home Insure Plus package for the full term of the loan
  3. The Home Insure Plus is a new product package offered by PNB Gen exclusively to PNB Savings Bank.
  1. The upgrade, on top of the regular fire and lightning, earthquake, typhoon and flood cover, will provide the home owner/borrower, repair service for emergency situation at home, related to plumbing, electricity, glass and locksmith services. For non-emergency cases, a home-assist staff can provide information and arrange for a service provider for plumbing, electricity, locksmith trade, glasswork, bricklaying, painting, carpentry, TV connections, pest control and appliance repair. Payment of non-emergency services shall be for the account of the borrower
  2. On top of the Home assistance services, the upgrade will also include Personal Accident Insurance to the Borrower, his spouse and children.
  3. Clients who meet the following criteria are eligible to join the promo
    • Minimum Loan Amount of P1,500,000 and Maximum loan amount of P10.0M
    • Minimum term of 5 years (60 months)
    • Collateral offered must be residential in classification and limited up to 4-door apartments.
  4. Endorsement of fire insurance procured from another insurance company by the borrower, after availing of the promo for the first year, will not be allowed.
  5. Subject to the terms and conditions of the Home Insure Plus program of PNB Gen
  6. Standard Home Loan terms and conditions apply.