MANILA, Philippines – Philippine Savings Bank (PSBank) is expediting its Home Loan service by giving a 1-day guaranteed turnaround time on home loan applications for new condominium units and properties sold by the bank’s accredit developers.
This service guarantee is made possible through the company’s efforts to streamline its internal evaluation process. PSBank claims that their 1-day credit decision is the fastest being offered by a Philippine bank so far, which addresses the increasingly fast pace at which customers need to complete their transactions.
“The process of providing a credit decision within 1 day follows streamlining of internal evaluation processes, allowing the bank to offer the fastest possible credit decision on home loan applications,” said Noel Tuazon, Vice President and Marketing Group Head for PSBank.
“This is another step towards staying true to our brand promise to keep things quick and simple for our customers,” he added.
Tuazon went on to elaborate that new approval process is available to those who plan to avail of brand new condominium units and properties from accredited developers.
This list includes Federal Land, SM Development, DMCI, Megaworld, Rockwell, Ayala Land Premier, Avida Land, Alveo, and Amaia.
Approvals for non-accredited developers will fall back to the standard credit decision turnaround time of 5 days via SMS. This also covers home loan applications made in order to acquire a house and lot, vacant lot, or townhouse or duplex. It also covers all other cases such as house construction or renovation, refinancing an equity, or reimbursement of acquisition cost.
Following the “Simple Lang and Maasahan” slogan, PSBank’s 1-day credit decision follows the path of its Auto Loan applications. For over 2 years now, credit decisions on PSBank Auto Loans are available in just 24 hours from the time of application.
PSBank also offers savings in the form of rebates for advance or excess payments made above the monthly amortization. Under the Prime Rebate program, advances and excess payments are computed on a daily basis (including weekends and holidays) from the date the payment is posted. The rebate will then be credited on the succeeding due date.
PSBank Home Loan with Prime Rebate offers flexible terms which can be settled conveniently through its mobile app (PSBank Mobile) or via Internet web brwoser (PSBank Online).
This allows the bank’s clients to settle their due beyond traditional forms such as over-the-counter or post-dated checks by scheduling an automated debit from an existing PSBank deposit account. ATM payments are also accepted at PSBank, Metrobank, and BancNet ATMs nationwide.
PSBank is the consumer banking arm of the Metrobank Group.
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