Planning to buy a condo? Here’s the fastest way to owning your dream house

Making the decision to own a house could be daunting. But once you have crossed the line towards that life-changing decision, one of the most important steps you can make is to find the right lender who can address your home loan financing requirements at the fastest possible time and most convenient way possible.

Philippine Savings Bank (PSBank), the consumer banking arm of Metrobank Group, has set a 1-day home loan decision for the purchase of brand new condominium units and properties from accredited developers. 

“In line with our brand promise to keep things quick and simple for our customers, PSBank is now able to provide a 1-day home loan decision on home financing applications covering condominiums and properties from accredited developers. This is by far the fastest home loan decision in the local banking industry,” noted PSBank Senior Vice President and Marketing Group Head Noel Tuazon.

He said the new approval process is available to those who plan to avail themselves of brand new condominium units and properties from accredited developers that include Federal Land, Megaworld, Ayala Land Premier, Filinvest, Robinsons, Rockwell, among others. (Visit www.psbank.com.ph to view the complete list of accredited developers).

Aside from a 1-day loan decision for condos, PSBank Home Loan with Prime Rebate allows customers to earn rebates or savings when they make advance or excess payments on their monthly due. Rebates earned from advances/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.

    

In addition, PSBank Home Loan with Prime Rebate also features flexible terms as well as convenient payment channels through PSBank Mobile & Online platforms, automatic debit arrangement from a PSBank deposit account, post-dated checks, over-the-counter at any PSBank branch and via PSBank, Metrobank and BancNet ATMs nationwide.

Here are some PSBank tips to help expedite the approval process of your home loan application:

o          Full disclosure of necessary information.  Make sure to provide all information, as required by your lender. Do not withhold any information. Fill out the loan application form with all the needed information such as contact, employment, and financial details.  Never leave any mandatory fields blank.

o          Make sure that the required documents are complete, up-to-date, and validated or verified. Supporting documents that you may need to provide include acceptable forms of ID; certificate of employment and your most recent ITR; copy of marriage contract (if married), among others.

o          Tie up loose ends as soon as you find out. A credit decision delay in your home loan application most likely indicates the need for more additional information or document. Respond promptly to any additional request for information or document.