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FAQ
AUTO LOAN
We require our client to shoulder 20% of the total price of the unit; the remaining 80% of it shall be the amount financed ![]()
Aside from the traditional practice of issuing Penbank Post Dated Checks to cover your monthly amortization. You may opt to pay your monthly due via:
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- Auto-Debit from your Penbank savings account
- Over-the-counter payment at Penbank branch nearest you
Once you have fully paid your monthly obligation the branch will request for release of mortgage to Head Office for its approval. Once approved, you can now get the OR/CR and other documents. ![]()
Yes, there is a commission fee for every approved loan application provided that the OR/CR is encumbered to Penbank and other documents are already submitted to branch. For more details about the commission fee, our Business Manager will explain it to you. ![]()
JEWELRY LOAN
- Yes, just fill out and sign the application form completely
- Submit complete requirements together with the application form to your nearest Penbank Branch and wait for 1 day for the status of your application
Here are the requirements needed if you are:
Employed:
Engaged in business![]()
Employed:
- Certificate of Employment issued by HRD or other authorized signatory of the company with accompanying disclosure on monthly gross salary
- Latest 2 months pay slips
- Two Valid Identification Cards
- Latest Two Years Income Tax Return
- Other Proof of Other Sources of Income
- Marriage Contract for married applicants
- 2 x 2 ID pictures of borrower and spouse
Engaged in business
- Business Permit
- DTI Certificate of Registration
- Two Years In-House Financial Statements
- Company Profile
- Bank Statements Latest 3 Months
- Audited Financial Statements Latest 2 Years
- Two Valid Identifications Cards
- 2 x 2 ID pictures of borrower and spouse
No, gemstones are not included in the appraising the value of the gold ![]()
Yes, for loans up to P10,000.00 we will charge P10.00 per month
And P20.00 per month for loans above P10,000.00![]()
And P20.00 per month for loans above P10,000.00
The processing of your loan would only take 1 day upon submission of the complete requirements ![]()
SSS PENSION
- Fill out and sign the application form completely
- Submit complete requirements together with the application form to your nearest Penbank Branch
- Bring with you your Co-maker
- Filipino Citizen
- At least 20 years old but not more than 60 years old
- Employed or engaged in business
- must be in good health
The borrower is allowed to renew their SSS Pension Loan if 25% of the principal is already paid.
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GENERAL
Our Penbank Support will answer your questions
