Guide on Landbank Auto Loan 2025 Features and Application
LANDBANK AUTO LOAN 2025 – Many Filipinos are actually unaware that the government has this amazing offer that you can apply for online.
Among the many banks in the Philippines, only a few of them are government banks. Truth be told that institutions under the state are known to provide lower interest rates, thus, many individuals prefer loans with government banks.
The Land Bank of the Philippines is one of the government banking entities that is in the service of the Filipino people for several decades now since 1963. It offers a wide range of finance products that serves different types of financial needs. Millions of Filipinos are clients of the government bank.
The Land Bank of the Philippines provides different types of deposit accounts, loans, cards, as well as remittance services and many other financial services. With regards to its loan offers, it is undeniably most popular for its offers for farmers and fisherfolks like the Landbank Farm Tourism Loan and the Landbank “Sulong Saka” Loan. What many people don’t know is that it can also finance the purchase of a car.
Have you heard about the Landbank Auto Loan offer? Through it, the government banking entity can help finance your purchase of a brand new vehicle. This loan offer can be applied for online through the OLAF or the Online Loan Application Facility of the bank.
The Landbank Auto Loan offer solely finances the purchase of brand new vehicles. It can provide you with up to a maximum amount that is equivalent to 95% of the Standard Retail Price (SRP) of the brand new vehicle that you wish to purchase. With regards to the loan term, the bank offers flexible terms typically up to five (5) years of repayment.
As mentioned, the application for the Landbank Auto Loan offer can only be done online, thus, the process requires the encoding of the information of the client-applicant. After then, the application will be assigned to an Accountant Officer or AO for the processing.
Here is a guide on the steps in applying for the Auto Loan offer:
Step 1
Visit the official website of the Land Bank of the Philippines and go to the Online Loan Application Facility (OLAF).
Step 2
Provide the details asked in the DrivEasy Auto Loan Application form. You will be asked to encode your loan information, the information of the principal borrower, as well as your present address among others.
Step 3
Click/Tap the submit button. You will receive an email confirmation of your application to the LandBank Auto Loan offer.
Step 4
Wait for the designated Accountant Officer to contact you. You may be asked some additional information for the processing of your loan.