Guide on How Much You Can Borrow Under the Landbank Housing Loan Based on Income
LANDBANK HOUSING LOAN – Here is a guide on how much you can borrow under this Landbank loan offer based on your income.
Are you already delayed from your target age to have your own house? Don’t be disappointed, you may actually have it soon.
Nowadays, there are a lot of options to be able to purchase a house without paying for it in full. You don’t need to have a huge amount of money in your bank account so you can buy a vacant residential lot, a house and lot, a condominium unit, or a townhouse.
There are several entities now including banks that offer home loans. These banks include the Landbank of the Philippines, a primary government bank in the country. It is open for employed and self-employed individuals who are at least 21 years old but not more than 65 years upon the loan maturity.
With regards to the loanable amount under the said Landbank loan offer, the income of the applicant may be a factor. For private applicants, it may be based on the 30% of the gross monthly income of the family. For government employees, it may be based on the amount as required by the General Appropriations Act (GAA).
You may want have an idea of the range of the loanable amounts under the said home loan offer. Feel free to visit – Landbank Personal Home Loans’ Loanable Amounts (List).
Also, you may check on how much you may borrow under the Landbank Housing Loan offer based on your income. The government bank has posted an online calculator for it. You just have to prepare the following information first:
- Gross Family Income
- Desired Term of Loan
- 6.5%
Do you now have the said information needed to check on how much you may borrow? You may visit – https://www.landbank.com/housing-loan-calculator.
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 HOME LOAN – How Much You Must Pay For Monthly Under It
Banka di makina
I have an inherited parcel of land from my late parents in Quezon prov. with an under-construction residential house. It was stopped due to short-budget. I’m already a retired employee & my source of livelihood is through backyard piggery & goat farming. How can I avail a loan to finance a construction which is on a halfway target
Please email me re the program. Thanks a lot.