Guide on the Loanable Amounts Under the Landbank Personal Home Loans
LANDBANK PERSONAL HOME LOANS – Here is a list of the loanable amounts under the personal home loan offers of the Landbank of the Philippines.
In the Philippines, the major bank under the government is the Landbank of the Philippines or more commonly called as Landbank. It offers several types of assistance to the public most especially the fishermen and farmers in the form of loans.
Among the offers of the government bank are the home loans. These are assistance provided for those who wanted to acquire their own house but cannot pay for it in full now. You may apply for a loan and pay for it in installment while enjoying your own residential property.
Based on the official website of the bank, among its Landbank Personal Home Loans are the Easy Home Loan, the End-Buyer’s Tie-Up Facility, and the Bahay Para Sa Bagong Bayani (3B). Each of them got specific features.
To help you decide, here are the Landbank Personal Home Loans and their specific features including the loanable amounts under each:
Easy Home Loan
According to the government bank, it offers cash assistance for the purchase or construction of a house. It is also open for refinancing of a current home loan with other financing companies or banks. It is open for an applicant who is:
- a Filipino citizen
- at least 21 years old but not more than 65 years old on the day that the loan matures
- employed or runs a profitable business
With regards to the loanable amount under it, the bank stated that a borrower may borrow at least Php 500,000.00.
- Minimum Loanable Amount – Php 500,000.00
- Maximum Loanable Amounts:
- For Private Applicants – based on 30% of the gross monthly income of the applicant
- For Government Employees – based on the GAA-required amount
End Buyer’s Tie-Up Facility
Under the End Buyer’s Tie-Up Facility, you can buy or construct a house through a developer accredited by the bank. It is open for properties from developers with existing credit lines with the bank and those that have no credit lines with the bank but have passed the process for accreditation.
- Maximum Loanable Amount – Up to 90% of the contract price
Bahay Para Sa Bagong Bayani (3B)
According to Landbank, the 3B is offered for the Overseas Filipino Workers (OFWs) who wanted to acquire a residential property may it be a lot, a house and lot, a condominium unit, a townhouse, etc. It is also open for the re-financing of an existing loan.
- Minimum Loanable Amount – Lowest of the OFW’s paying capacity
To see the other offers aside from the Landbank Personal Home Loans, you may visit – LANDBANK LOAN OFFERS – List of Loans Offered by Land Bank of the Philippines.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: LANDBANK CREDIT CARDS – List of Credit Cards Offered by Landbank
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