Details about the Landbank Housing Loan Loanable Amounts 2023 under the Developer’s End-Buyers Financing Tie-up Agreement
LANDBANK HOUSING LOAN LOANABLE AMOUNTS 2023 – Here is a guide on how much you may borrow under the Developer’s End-Buyers Financing Tie-up offer of the Landbank of the Philippines.
Are you looking for a bank where you can apply for a housing loan? One of the entities that you can turn to is the Landbank of the Philippines. It is a government-owned bank in the country with multiple housing loan offers.
Aside from the Landbank Easy Home Loan 2023 offer, the government entity also offers the Developer’s End-Buyers Financing Tie-up. Under it, the borrower can buy or construct a home with an accredited developer of the bank through a loan offer.
The Developer’s End-Buyers Financing Tie-up agreement is open for several purposes. You may apply for it to finance any of the following:
- acquisition of
- lots only
- properties ready for occupancy
- house and lots
- townhouse
- condominium units
- house construction
The Landbank Housing Loan Loanable Amounts 2023 under the Developer’s End-Buyers Financing Tie-up depend on certain factors. The government bank consider the following in its assessment:
- For Private Employees:
- 30% of the gross monthly income
- For Government Employees:
- Amount required by the GAA after the housing loan amortization
The Landbank Housing Loan loanable amounts 2023 under the offer is up to 90% of the contract including the selling price, the taxes, and the titling expenses. With regards to the eligibility requirements for application, it vary among the sides of the buyer and the developer.
For end-buyers, here are the eligibility criteria set under the Developer’s End-Buyers Financing Tie-up agreement:
- Developer must have existing credit lines with Landbank
- Developer and its subsidiaries has no existing credit lines with the bank but has passed the “Accreditation Process”
For developers, here are the qualifications under the Landbank housing loan offer:
- has existing credit lines/loans with Landbank
- no existing credit lines with the bank
- submit the duly Audited Financial Statements
- passed the “Accreditation Process”
There is a set of documentary requirements for Landbank Housing Loan 2023 application. Prepare them in original copies and submit them to a branch of Landbank nearest your area for the application.