Guide on the Requirements for Landbank Home Loan 2023 Application Process
REQUIREMENTS FOR LANDBANK HOME LOAN 2023 – Here are the documents needed in applying for the Landbank offer.
One of the government banks in the Philippines that offer a housing loans is the Landbank of the Philippines. The government bank actually has multiple loan offers.
Aside from the Landbank loan for farmers, the Landbank of the Philippines also offers the Easy Home Loan. Under the offer, the borrower is allowed a maximum of 20 years.
The loan offer of the Landbank of the Philippines is open for several purposes. You may apply for it for the financing of any of the following:
- purchase of:
- vacant lot
- house and lot
- condominium unit
- townhouse
- house construction
- home renovation
- refinancing of an existing housing loan
Who are qualified to apply for the Easy Home Loan offer? Here are the eligibility requirements for the Landbank Home Loan 2023 application process:
- Filipino citizen
- 21 years old and above upon the loan application
- not more than 65 years old upon the loan maturity
- gainfully employed or self-employed with a lawful and profitable business
With regards to the documentary requirements for the Landbank Home Loan 2023 offer, the set of documents needed depend on the employment status of the borrower. If you are locally employed, you need to prepare the following documents:
- Personal Information Data Sheet
- Certificate of employment
- Latest pay slip indicating net take home pay of borrower
- Any two of the following latest Billing Statements:
- Electric Bill
- Phone Bill
- Water Bill
- Credit Card Bill
- TV Subscription Bill
There is a different set of documents required for the self-employed borrowers. Here are the documents that you need to gather and submit to a branch of Landbank nearest to you:
- Business Registration and Licenses
- Biodata
- BIR-stamped Financial Statements and Income Tax Returns for the last three years
