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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Philippine Veterans Bank Main Office Building 101 V.A. Rufino corner Dela Rosa Streets Legaspi Village, Makati City Philippines 1229
(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
Interest rate 5.8% - 1%
Loan tenure from 6 to 36 months
Approval duration Up to 120 hours
Min. monthly income

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 loan

Borrower 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

 

Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

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
E-mail customercare@veteransbank.com.ph - customer service
Social networks

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

1 year ago

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!

1 year ago

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.

1 year ago

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.

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