Own a Philippine Home Loan is a financing program offered by the Philippine National Bank (PNB). It’s designed to help Filipinos, former Filipinos, and even foreigners working overseas secure loans to buy properties in the Philippines—without the need to come back home.

If you’ve ever dreamed of owning a home in the Philippines but worried about the process, PNB’s Own a Philippine Home Loan (OPHL) is the perfect solution. Here’s everything you need to know to get started.

What Is the Own a Philippine Home Loan (OPHL)?

PNB’s OPHL makes it easy for overseas Filipinos to invest in residential properties in the Philippines. The loan process is done abroad, and funds can be released in Philippine Pesos or US Dollars, depending on the purpose.

It’s a secure, straightforward financing program designed for:

• Buying a house and lot, condominium, or townhouse.
• Building a home.
• Improving or renovating existing properties.
• Reimbursing construction or acquisition costs.
• Refinancing an existing home loan.

Who Can Apply for an Own a Philippine Home Loan?

PNB ensures accessibility for a wide range of borrowers. You can apply if you are:

• A Filipino residing and working abroad (e.g., the U.S.).
• A former Filipino citizen who has lost citizenship (limited to buying up to 1,000 sqm of land).
• A foreigner, but only for purchasing condominium units.

Loan Features and Benefits

Here’s why OPHL is ideal for overseas borrowers:

1. Loan Amounts
   • Up to 80% of the property’s value for house and lot purchases.
   • Up to 60% for lot-only acquisitions.
   • Foreigners can borrow up to 70% for condos.
2. Repayment Flexibility
   • Maximum repayment term:
     • 25 years for houses, lots, or construction.
     • 10 years for lot-only purchases or home improvements.
   • Payment options: US Dollars or the local currency where the PNB branch is located.
3. No Hidden Costs
   • No remittance fees when paying your loan.
   • No foreign exchange rate risks—you pay in your currency.
4. Easy Application Abroad
   • No need for an attorney-in-fact.
   • Applications can be processed through PNB’s overseas branches, like in the U.S.

Step-by-Step Guide to Applying for OPHL

Applying for an Own a Philippine Home Loan is simple:

1. Prepare Your Documents
   • Completed OPHL application form.
   • Proof of identity: Valid IDs.
   • Income documents:
     • Latest pay stubs.
     • Tax returns.
     • Bank statements.
2. Collateral Requirements
   • Copy of the property title (TCT/CTC).
   • Tax receipts and surveys.
3. Contact Your Nearest PNB Branch
   Reach out to the PNB overseas office nearest to you to apply for the Own a Philippine Home Loan. PNB has branches and representative offices in key international locations, including:
   • United States: Los Angeles, New York
   • Canada: Toronto
   • Asia: Singapore, Hong Kong, Japan
   • Middle East: UAE, Qatar, Saudi Arabia
   • Europe: London
4. Receive the Loan
   • Funds are released in either Philippine Pesos or US Dollars.
   • Payment starts one month after the final loan release.

Why Choose PNB’s Own a Philippine Home Loan?

PNB’s OPHL takes the stress out of property financing for overseas borrowers. Whether you’re buying your dream home, building a house, or investing in property, OPHL is designed to be secure, convenient, and straightforward.

Benefits at a Glance:

• High loanable amounts (up to 80% of the proprty value).
• Flexible repayment terms.
• Applications processed abroad.
• No hidden remittance or exchange rate fees.

How Ohmyhome Can Help You

Navigating property investments in the Philippines can feel overwhelming, especially when you’re overseas. That’s where Ohmyhome comes in. Ohmyhome connects you with trusted real estate experts who can help you find the right property, guide you through the buying process, and even coordinate with banks like PNB for your home loan application.

Whether you’re buying your first home or investing in real estate, Ohmyhome ensures your journey is seamless and stress-free.