One way to choose which bank to transact with is by checking how efficient its system is. Setting a fast credit decision on loan applications sure is one telltale sign that you could be better off dealing with that bank.
And Philippine Savings Bank, the consumer banking arm of Metrobank Group, fits that bill by offering another first: a one-day credit decision on applications for the purchase of brand-new condominium units and properties from accredited developers — the fastest credit decision for home loan financing.
It shows that PSBank has taken into consideration the pace by which you would want to complete your transactions. It also proves that the bank has streamlined its internal evaluation processes. The result? A better collaboration and coordination between you, the bank, and the developers.
“Isang araw na lang, may bahay ka na [In just one day, you have a home already],” PSBank senior vice president and marketing group head Noel Tuazon said. “This is another step towards staying true to our brand promise to keep things quick and simple for our customers.”
He added that the new approval process is available to those who are looking to buy a condo unit or property from accredited developers like Federal Land, SM Development, DMCI, Megaworld, Rockwell, Ayala Land Premier, Avida Land, Alveo, and Amaia. The complete list can be found below.
List of accredited developers for PSBank Home Loan
Besides a one-day credit decision for condos, PSBank Home Loan with Prime Rebate lets you earn rebates or savings when you make advanced or excess payments on your monthly due. Rebates earned from advances or excess payments are computed on a day-to-day basis — including weekends and holidays — starting on the date the payment is posted and credited every due date.
What’s more, PSBank Home Loan with Prime Rebate features flexible terms and even convenient payment channels. PSBank Mobile and Online platforms? Check. Automatic debit arrangement from a PSBank deposit account? Check. Post-dated checks, over-the-counter at any PSBank branch, and via PSBank, Metrobank, and BancNet ATMs nationwide? It’s a yes as well.
Just take note that approval process on condominium units and properties from non-accredited developers shall have the standard credit decision of five days via SMS. Still fast, that’s for sure. The same process is applied to home loan applications for purposes of acquiring house and lot, vacant lot, townhouse or duplex, house construction or renovation, refinancing an equity, or reimbursement of acquisition cost.
PSBank’s commitment to provide a one-day credit decision for home loan applications follows a similar commitment made for PSBank Auto Loan applications. It has been more than two years since credit decisions on PSBank Auto Loans are made available within 24 hours.
An offer like this? Again, it could be a sign that you should transact with an institution like PSBank for needs other than home loans — whether you want to buy a smartphone through a credit card or buy a car that can fit your family through an auto loan.
To know more information about the new PSBank offer, visit this page.
PSBank Home Loan video
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