PSBank Extends its Payment Grace Period for All Loan Clients

With the extension of the Enhanced Community Quarantine from April 13 to 30, 2020 and in compliance with the ‘Bayanihan To Heal As One’ Act, Philippine Savings Bank continues to provide valuable assistance to all of its loan customers during these challenging times.

Loan payments for all types of loans with due dates falling within the new ECQ dates will further get a 30-day grace period. This adds to the loan payment moratorium that the country’s maaasahan bank granted the previous month, for loan dues beginning March 15, 2020.

For more information, visit the PSBank website or facebook.com/psbankofficial or refer to the Frequently Asked Questions below: 

Pru Life UK launches free COVID-19 protection for Filipinos through health app, Pulse

Leading life insurer Pru Life UK is offering free COVID-19 protection and Personal Accident (PA) coverage to safeguard Filipinos amid the coronavirus outbreak in the country. Under the program, Pru Life UK will offer free accident and death benefit to 500,000 Filipinos, in the unfortunate event that the individual passes away, including as a result of COVID-19. Health workers are entitled to twice the death coverage at no cost. This offer is available through Pulse, Pru Life UK’s artificial intelligence-powered health and wellness app that offers holistic health management.

PSBank shares Holy Week schedule and operations adjustment

All PSBank branches nationwide will be closed on April 9 and 10, 2020, in observance of Holy Thursday and Good Friday.

Meanwhile, all ATMs nationwide, with the PSBank Mobile, and PSBank Online (Internet banking) facilities will be available for customers’ banking needs.

Accountholders may visit https://www.psbank.com.ph/atm-branch-finder/ or open the PSBank Mobile App available in App Store and Google Playstore to locate the nearest PSBank Automated Teller Machine (ATM) in their area.

Meanwhile, the bank will also conduct the following service adjustments during Holy Week adjustments: 

Payroll crediting on April 9 and 10 will still proceed. 

Online mortgage broker Nook champions financial inclusion for home loan applications, encourages Filipinos to adapt to new online platforms

Online mortgage broker Nook is driving for a more inclusive banking and loaning system in the Philippines as it strengthens its partnership with local banks and provides Filipinos with more home loan options across its online platform. By being a part of Nook’s growing list of partners, these banks also open more opportunities to reach their market in all parts of the country.

Despite various initiatives of both the private and public sectors in bridging the gap between financial institutions and the unbanked Filipinos, a huge number of the total population of the Philippines still remains bereft of securing, applying for property and commercial loans.

As the first online mortgage broker in the country, Nook aims to provide easy application access to many Filipinos without any charges and help a borrower save thousands in home loan repayments. With its partnership with PH banks, more Filipinos will have access to easier home loan processes that would allow them to secure their dream properties in no time.

Today, every Filipino around the country who has access to the internet can now easily adopt online systems and perform convenient digital transactions. Nook encourages people to utilize such platforms to avoid having the need to go out, visit banks, and procure options from various institutions.

“Our continuous search for more bank partners is a testament to our commitment to push for a more inclusive banking and loan environment in order to help Filipinos to get to their properties faster. Especially during this time, we aim to bridge our customers to their banks of choice at the comfort and safety of their homes,” Chris Elder, Chief Executive Officer of Nook, said. “We are excited to add more banks to our list of partners as we continue to expand and understand the Filipino market.”