• Veterans Bank Housing Loan

    Veterans Bank Housing Loan

    Founded by the war veterans of WWII in 1963, the Philippine Veterans Bank (also known as Veterans Bank or PVB) is a commercial bank set up to cater to the banking needs of the Filipino corporate and consumer population. The bank currently has a wide spread network of branches and ATMs across the country and offers a slew of services like deposits, loans and other financial services.

    You’re probably eligible for an Veterans Bank Housing Loan if you are

    Veterans Bank Housing Loan Minimum Age

    20 years

     Veterans Bank Housing Loan Maximum Age

    No Info

    Veterans Bank Housing Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Veterans Bank Housing Loan Minimum Income

    Earn more than the minimum
    income required

    Your Veterans Bank Housing Loan amount eligibility is based on these factors

    Veterans Bank Housing Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    Veterans Bank Housing Loan Maximum Loan to property value

    Up to 80% of appraised value of property

    Veterans Bank Housing Loan EMI

    EMIs of other loans lower
    your eligibility

    Increase your eligiblility for Veterans Bank Housing Loan amount by these steps

    Veterans Bank Housing Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Veterans Bank Housing Loan Maximum Tenure

    Choose longer tenure loan up to 20 years

    Veterans Bank Housing Loan Add parents as Co-applicant

    Alternatively add your parents

    Documentation needed to apply for an Veterans Bank Housing Loan

    • 1.Duly filled housing loan application form
    • 2.Photocopy of ID such as driver's license, passport, SSS ID, Postal ID, PRC ID etc
    • 3. Copies of the last 6 months’ bank statements or deposit passbooks
    • 4.Documentation for salaried applicants:
      • Income Tax Return (ITR) copy with BIR or bank stamp of the last 1 year
      • Original copy of Certificate of Employment
      • Photocopy of last full month pay slip
    • 5. Documentation for self Employed applicants:
      • Photocopy of Business Certificate
      • Income Tax Return (ITR) copy with BIR or bank stamp

    Veterans Bank Housing Loan DetailsUpdated on 20 Jun 2018

    Veterans Bank Housing Loan Details
    Margin of Finance Up to 80%
    Tenure 15-20 years

    Housing Loan in Philippines

    For centuries, infrastructure and property have been one of the most profitable investments. A house once built or land once purchased will only appreciate in value over the years. The reason for this is, while population is increasing, the resources are depleting. While some resources are regenerated, others, like land, cannot be generated or increased. Hence, with more and more land being occupied for sheltering the population, the price of land is simply climbing higher and higher.

    Given that land is now considered a precious asset, constructing a house or purchasing property has become a major decision in one’s life. Despite being a highly profitable investment, in the present day scenario, purchase of land or infrastructure requires hefty sums of money. It is due to the ever-increasing real estate prices that it becomes difficult to purchase property or a residential unit with one’s savings. Hence, it is for this purpose that home loans have been devised. A home loan is essentially designed to help finance the cost of purchasing property or a residential unit without one having to empty out their savings.

    For Filipinos living at home and overseas, who dream of owning a house, the Philippine Veterans Bank Housing Loan is here to lend a helping hand. This housing loan is one of the most sought after loans as it offers multiple benefits like low interest rates, flexible terms and hassle free loan processing, among others.

    Overview of Veterans Bank Housing Loan

    Specially tailored to address the needs of Filipinos at home and living abroad, this housing loan offers a range of benefits and useful features. Read on to find out more.

    Purpose of Loan

    The Veterans Bank housing loan may be used for the purpose of constructing or purchasing a new house, condominium unit & a lot, a house & lot or a townhouse. This loan may also be availed if you wish to finance the cost of renovation/improvement of/to an existing residential unit and/or to refinance an existing housing loan.

    Collateral Required

    In order to avail the Veterans Bank Housing Loan, applicants are required to submit the Transfer Certificate of Title of any real estate property which is free from any dispute regarding claim or debt.

    Repayment Term

    Loan repayment is an added expense to your monthly budget, but Veterans Bank makes it easier by letting you decide how you wish to pay off your housing loan. You can choose between a loan term of 20 years or up to 15 years, within which you can repay your loan.

    Repayment Schedule

    For repayment of your housing loan, you can choose between making monthly or quarterly amortizations of the principal and interest amount, for a maximum term of 20 years. This is dependent on your age and the purpose for which you have availed the housing loan.

    Cash Back Offer

    Another great feature of this loan is that it comes with a special Cash Back offer. As a part of this offer, once the borrower has completed the amortization payment after fully complying with the terms and conditions of the loan, as agreed upon at the time of loan approval, the entire principal loan amount will be returned to the borrower. Applicants who have taken a housing loan with a repayment term of 20 years are automatically eligible for the Cash Back Offer.

    Interest Rates for Veterans Bank Housing Loan

    The Veterans Bank Housing Loan is one of the most popular housing loans offered in Philippines. What makes this housing loan a much sought after home financing option is the competitive interest rate which it offers.

    How Much Can You Borrow

    The Veterans Bank Housing Loan is here to take care of all your home financing needs. The minimum loan amount which you can borrow as per the Veterans Bank Housing Loan terms is P300,000. However, there are a few conditions attached regarding the maximum amount for which this loan may be borrowed. The maximum loan amount must not exceed any of the following:

    • 60% appraised value of vacant lots.
    • 70% of the appraised value of the land.
    • Any improvements which are carried out on an existing house which must not be beyond P3.5 million.


    No, the cash back offer is only open to those housing loan applicants who have taken the loan for a term of 20 years.

    Yes, you may avail this loan to re-finance an existing home loan.


    Real estate is one of the most profitable lifetime investments which one can make. The Veterans Bank Housing Loan makes it only easier for you to achieve that investment goal. With attractive interest rates, easy repayment period, cash back offer and comfortable loan terms, the Veterans Bank home loan brings you many steps closer to owning that dream home you’ve always wanted.

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