This collaboration aims to provide a seamless, secure, and efficient property purchasing experience for international buyers.
The partnership will enhance the PNB Own a Philippine Home Loan (OPHL) program, offering tailored financing solutions that cater to the specific needs of overseas investors.
Accessibility and flexibility
Through this program, ALI buyers in the USA can apply for real estate loans based on their FICO Score, with no age restrictions on loan applications—ensuring greater accessibility and flexibility in home financing.
Additionally, buyers can utilize PNB’s Autopay Remittance Solution via Automated Clearing House (ACH), allowing direct payments from USA-based bank accounts for a hassle-free transaction experience.
In Singapore, ALI buyers can access US dollar-denominated loans, while those in Japan can secure financing in Japanese yen, providing a stable and convenient funding option.
Simpler process
Another significant benefit for Filipino buyers abroad is the removal of the requirement to appoint an Attorney-in-Fact (AIF) when applying for a loan at PNB branches in Los Angeles, New York, and Guam (USA), Singapore, and Japan, making the process more straightforward.
According to Rufino Gutierrez, senior managing director of ALISI, the partnership with PNB is part of ALI’s ongoing commitment to providing accessible financing solutions and secure remittance services for overseas buyers.
“With PNB’s trusted financial services and Ayala Land’s diverse portfolio, we are bringing investment opportunities closer to our global market,” Gutierrez said.
Expanding global reach
PNB president Florido “Doy” Casuela also expressed enthusiasm for the collaboration, emphasizing the bank’s role as a long-standing financial partner of overseas Filipinos.
“We understand the challenges of buying property from abroad. Through this partnership, we are making the process easier, more accessible, and worry-free,” Casuela said.
This initiative underscores Ayala Land’s dedication to empowering global investors by offering tailored financing solutions and streamlined processes, ensuring confidence in securing real estate in the Philippines. — Ed: Corrie S. Narisma
