PNBSB Smart Personal Loan is Consumer Finance Product of the Year
PNB Savings Bank (PNBSB) Smart Personal Loan once again won the Consumer Finance Product of the Year Award and this time from The Asian Banker Philippine Country Awards 2018. This is the 2nd Consumer Finance Product of the Year recognition received by the Bank for its Smart Personal Loan Program this year.
Launched in October 2017, the Smart Personal Loan is unlike any other multipurpose loan in the market today. It is a total financial solution and wellness package rolled into one.
The loan comes with free telemedicine services through Medgate that provides 24/7 access to Philippine-based licensed doctors in any field for medical consultation, diagnosis and treatment by phone.
Borrowers are also double-insured through Allianz PNBLife, in which the life and accidental death insurance coverage is twice the principal loan amount and up to a maximum of P1 million. In case of death, the insurance coverage pays off the loan balance while the excess of the insurance returns is awarded to the immediate beneficiary.
“PNB Savings Bank is one with our parent bank, Philippine National Bank (PNB), in continuously transforming our service to one that is responsive to the Filipino consumers’ needs and aspirations. All our innovation is truly inspired by you, our customers. This recognition further validates the value of our initiatives and we promise to even strengthen our commitment to deliver more financial solutions that will elevate and empower lives,” said PNB Savings Bank President Jovencio Hernandez.
PNB Savings Bank is the whollyowned subsidiary of PNB, as of the end of the 3rd quarter of 2018; it ranks 5th in terms of total net worth, 7th in terms of assets, loans and deposits and currently has a growing branch network of 63 nationwide.