Guide on Landbank Easy Home Loan 2023 Application Process
LANDBANK EASY HOME LOAN 2023 – Here is a guide on how to apply for the housing loan offer of Landbank of the Philippines.
The Landbank of the Philippines, a state-owned bank in the country, is one of the entities with multiple loan offers. Most of them are open for both employed and self-employed individuals.
One of the loans offered by the government bank is the Landbank Easy Home Loan 2023. It aims to help the borrowers purchase their target residential property or construct their house.
The home loan offer of Landbank serves several purposes. You may apply for it for the financing of any of the following:
- purchase of townhouse
- purchase of condominium unit
- purchase of lot
- purchase of house and lot
- purchase of other residential unit
- house construction
- refinancing of existing housing loan
Under the said Landbank Home Loan offer, the loanable amounts depend on the nature of the borrower — private applicants or government employees. The loan is payable for up to 20 years.
There is a simple process in applying for the Landbank loan offer. Here are the steps you may follow:
Step 1 — Are you qualified? In applying for a loan regardless of its type, the very first moves must include the checking of your qualification to the offer. To qualify, the loan applicant must be:
- a Filipino citizen
- 21 years old and above upon the loan application but not more than 65 years old upon the maturity of the loan
- gainfully employed or running a lawful and profitable business
Step 2 — Gather the requirements. There are documentary requirements for the Landbank Easy Home Loan 2023 that must be submitted to apply for the offer. Prepare the original copies of all documents for the assessment of the loan application.
Step 3 — Submit the requirements. Go to a branch of the Landbank of the Philippines nearest to you and submit the documents needed for application. You can also go for an online application to the Landbank loan.