PVB in the Philippines
Philippine Veterans Bank, also known as PVB and Veterans Bank, is a commercial bank in the Philippines. The bank is owned by Philippine World War II war veterans and their families and caters to both corporate and retail financial markets. As part of its charter, PVB allocates 20% of its annual net income for the […]
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Leading
Roberto F. De Ocampo, OBE (Chairman & CEO) Guillermo L. Parayno Jr. (Vice-Chairman) Renato A. Claravall (President & COO)
Shareholders
PVB is 100% owned by Filipino World War II veterans, their families, heirs and descendants.
Product Features
| Min. financing amount | ₱ 375000 |
| Max.financing amount | ₱ 2000000 |
| Min. loan tenure | 6 months |
| Max. loan tenure | 36 months |
Credit
Home loan
Interest Rates: From 7.00% APR
Minimum loan amount: 375 000 PHP
Maximum loan amount:
Up to 80% of appraised value of the collateral
Up to 60% on vacant lots
Payment terms: Up to 20 years
Approval time: 5 – 21 banking days
Calculate loanBorrower requirements
Eligibility:
– At least 21 years old at the time of application but not more than 65 years old upon loan maturity
Сitizenship:
– Must be a Filipino Citizen
– Must have an office or residence landline
If Self-employed:
– With at least two (2) continuous years of profitable operations in the same line of business
Deposited
Deposit Services
Regular peso savings
- Choosing a bank book and / or ATM (optional) for individuals (non-veterans)
- Passbook for corporate accounts
- Interest rate: 0.125% per annum
- For individuals: only minimum initial deposit P1000 and supporting balance, P10,000 for receiving interest
- For corporate accounts: only a minimum initial deposit of 5,000 pounds sterling and supporting balance, 10,000 pounds sterling for interest
- Regular peso check (interest free bearing)
For individuals: only minimum initial deposit P5,000 and supporting balance
For corporate accounts: only a minimum initial deposit of 10,000 P and maintaining a balance
Special peso check (interest accrual). Current account in peso, which brings interest at 0.125% per annum.
For individuals: only a minimum initial deposit of £ 10,000, maintaining balance and receiving interest
For corporate accounts: the minimum initial deposit is only P50,000, maintaining a balance and receiving interest
Regular savings in USD Account. Interest rate: 0.125% per annum
For individuals: only $ 100 minimum initial deposit, maintaining balance and receiving interest
For corporate accounts: the minimum initial deposit is only $ 500, maintaining a balance and receiving interest
Term deposit in pesos
High-yield urgent deposit certificate for Metro Manila and provincial individuals, corporate accounts and government accounts
Terms of placement are 30, 60, 90, 180, 271 or 360 days
Only minimum initial deposit 5000 PHP for individuals
Only 10000 PHP minimum initial deposit for corporate accounts
Deposit in USD
Highly effective certificate of time deposit for individuals and legal entities
Terms of placement are 30, 60, 90, 180, 271 or 360 days
For individuals: the minimum initial deposit is only $ 1000
For corporate accounts: minimum initial deposit of only $ 5000
Premium Savings
Highly profitable bank book account with high rates based on average daily balance
For individuals: only 50000 PHP, maintaining balance
For corporate accounts: only 100000 PHP balance
REQUIREMENTS FOR OPENING DEPOSIT ACCOUNTS
For individuals (in the case of joint accounts, each investor must submit the requirements listed below):
- a) Two (2) primary IDs
- b) 2 x 2 inch photo
- c) DTI Business Registration Certificate (for individual entrepreneur)
For corporate accounts:
- a) Certificate of the Registrar, duly certified (the name of the officers for the current year and the appointment of the bank as a corporate depositary indicating the procedure for withdrawing funds and authorized signatories)
- b) Board Decision (permission to open an account and the appointment of a person (s) who are authorized to sign and on behalf of the corporation, duly sworn by the Corporate Secretary)
- c) Company Charter and Articles of Association, and all amendments thereto, if any
- d) Two (2) Primary Identifiers of all authorized signatories
Long-term deposit product
Veterans Bank presents three new term deposit products that offer not only high interest rates, but also free accident insurance. Individual investors will also receive additional benefits – exemption from income tax and document stamps!
Cash Management Services
a) Full payroll system
b) Payroll loan system for employees
c) Installing an ATM
d) Deposit Services / Coin and Invoice Delivery Agreement
e) Checking and issuing system / Account reconciliation system
f) Real Estate Tax and Business Tax Collection System
g) Banking service (Internet banking)
h) Warehouse system and service checks after the date
Other deposit services
- SSS, PhilHealth and BIR payments (over-the-counter)
- SSS and GSIS Pension Transfer
- SSS SMEC
- Deposit Monitoring Services
- Collection services (electronic)
- Electronic Payment Services
FAQ
The longest loan period is 20 years.
Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check your solvency, this stage takes no more than 5 working days on average. Then the Bank will need to check the documents for the land or property you are buying, as well as make an assessment of it.
There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.
Contacts
| Full company name | Philipine Veterans Bank |
| Address | Philippine Veterans Bank Main Office Building 101 V.A. Rufino corner Dela Rosa Streets Legaspi Village, Makati City Philippines 1229 |
| Phone number | (02) 840-2621 - hot line (02) 7-902-1678/1648, (02) 8-857-3854/3833 Globe: 0917-551-6782, 0917-829-4064 |
| customercare@veteransbank.com.ph - customer service | |
| Social networks |
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Philippine Veterans Bank, also known as PVB and Veterans Bank, is a commercial bank in the Philippines. The bank is owned by Philippine World War II war veterans and their families and caters to both corporate and retail financial markets. As part of its charter, PVB allocates 20% of its annual net income for the benefit of its shareholders.
Users rating
Reviews
It was quick and easy
I needed to consolidate my loans...I did my research and found that PVB was rated as the best. I couldn't be happier with the process and quick deposit to my account. I can breath a little easier now!
What A Great Bank!
I experienced an awesome day when I made contact with representative for PVB, Upon getting the call the morning after doing my application, I was so sure that the news was going to be bad because I had hit wall after wall. But the young man on the phone assured me that nothing would change from what were aready in place and that after receiving my paperwork to authenticate myself, I received the funds in less than the 24-48 hours. Thank you PVB.
I allow me to build me own house thank you
i brought my house with the help of that PVB it helps me a lot it has really good packages and also it has good policies and it gave me great advantages thank you PVB.
