Landbank Home Loan for OFW 2025 — Its Features & How To Apply For It

Guide on Landbank Home Loan for OFW 2025 You Might Like To Apply For

LANDBANK HOME LOAN FOR OFW 2025 – You can check here the features of the special offer for overseas Filipino workers and how to apply for it.

Countless Filipinos are out there in the different countries abroad to work. Undeniably, many of those individuals really do not want to be away from their families but they could not find a job with a good pay that could support their families if they will only stay in the country.

OFW

Overseas Filipino workers (OFWs) work hard to adopt to the foreign culture. They also take the risks brought by different kinds of jobs abroad. Truth be told that most of their salaries are sent to their families in the Philippines for the household expenses, the education of the children, the payment of debts, and other financial responsibilities.

OFW

Thus, being an OFW does not guarantee that you have enough cash to acquire a real estate property for your family right away. Meanwhile, there are banking entities that are ready to help OFWs who want to buy a real estate property just like the Land Bank of the Philippines.

It was in 1963 when the Land Bank of the Philippines was created through the Republic Act 3844. Serving as a government bank, it has crafted several offers including different types of loans that are meant to help the Filipinos in different situations.

Landbank Home Loan for OFW 2025
Photo Courtesy of BusinessWorld Online

Aside from the credit card offers which include the Landbank Classic Credit Card, the government bank also offers the Landbank Home Loan for OFW or the Bahay Para sa Bagong Bayani (3B). It is designed to help overseas Filipino workers who need some financing options for any of the following purposes:

  • purchase of residential lot, house and lot, residential units, condominium, townhouse
  • house construction / home improvement / home renovation of an existing unit owned by an OFW
  • refinancing of an existing housing loan of an OFW on “current” status
  • assumption of an OFW an existing house loan by another borrower either with Landbank or another creditor

How much is loanable under the Landbank Home Loan for OFW? According to the bank, the borrowing amount is the “lowest of the paying capacity of the OFW or loan value of collateral with loan value of 80%”. The bank will only finance the purpose if the real estate involved is for the dwelling of the OFW and the title will be under his/her name.

Landbank

With regards to the loan term, the maximum loan term for accounts with co-borrowers is 20 years while the maximum loan term for those without a co-borrower is 15 years. The interest rate is based on the prevailing interest rate applied by the Landbank based on the fixed term chosen:

  • 2-3 years
  • 4-5 years
  • 6-7 years
  • 8-10 years
  • 11-15 years
  • 16-20 years

Are you interested to apply for the loan offer? You need to prepare the Landbank OFW Housing Loan requirements for application.

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