Real estate giant Ayala Land Inc. (ALI), through its global marketing arm Ayala Land International Sales Inc. (ALISI), has teamed up with Philippine National Bank (PNB) for the financing and remittance needs of its buyers in the United States (US), Singapore, and Japan.
In a statement, ALI said this collaboration aims to provide a seamless and efficient financing solution tailored to the needs of overseas Filipino and foreign buyers.
“We highly value our partnership with PNB as it strengthens our commitment to providing a seamless and efficient buying experience for our clients abroad,” said ALISI Senior Managing Director Rufino Gutierrez.
He added that, “Through this collaboration, we are making it easier for Filipinos and foreign investors to acquire properties in the Philippines by offering accessible financing and secure remittance solutions.
“With PNB’s trusted financial services and ALI’s diverse portfolio, we are bringing investment opportunities closer to our global market.”
Through the enhanced PNB own a Philippine home loan (OPHL) program, ALI buyers in the US can apply for a real estate loan that will be evaluated based on their FICO Score and enjoy the benefit of having no age limit on their loan application. This allows for greater flexibility and accessibility in securing home financing.
Additionally, buyers can use the autopay remittance solution through ACH by enrolling their US-based bank account, ensuring timely and hassle-free payments.
Beyond the US, ALI buyers in Singapore can avail of a US dollar-denominated loan, while those in Japan can do so in Japanese yen. This provides a practical option for international clients seeking a stable and convenient financing solution.
Another key benefit for Filipino buyers is that they are not required to appoint an attorney-in-fact (AIF) when applying for a loan through PNB branches in Los Angeles, New York, and Guam in the US, Singapore, and Japan.
PNB President Florido Casuela said that, “As the bank that has long been a trusted financial partner of overseas Filipinos, we at PNB are honored to work with ALI in helping our kababayans own their dream home in the Philippines.”
“We understand the challenges that come with buying property from abroad and, through this partnership, we are making the process easier, more accessible, and worry-free.
“With PNB’s specialized home loan solutions and global presence, we are committed to supporting Filipinos and investors every step of the way in securing their future in the Philippines,” he noted.
This initiative, spearheaded by ALISI, reflects ALI’s commitment to delivering an exceptional and hassle-free buying experience for its international clients.
By offering tailored financing options and streamlined payment processes, ALI continues to empower global buyers in securing properties in the Philippines with ease and confidence.