Guide on How Much You Can Borrow Under the Landbank Loan (Home Loan)
LANDBANK LOAN – Here is a guide on how much you can borrow under the home loan offer the Landbank of the Philippines based on your target monthly due.
Are you at the peak of wanting to have your own house soon? It may be a house and lot, a condominium unit, or a townhouse. You may also want to start with purchasing a vacant residential lot.
Surely, many wanted to buy a house. However, it requires a huge amount of money if you will do it in cash that is why many would prefer to save first before buying a residential property. It may take years and even decades of saving while paying for a rent.
You can actually make a more practical move. You may apply for a home loan offered by banks or lending companies and, instead of paying for the monthly rent, pay for the monthly due of the house you can call your own.
The Landbank of the Philippines is one of those that offer several loans including the one that can aid you in buying a residential property. It is the primary bank in the country. To be eligible for the said offer, the applicant must be:
- a Filipino citizen
- at least 21 years old but not more than 65 years old upon the loan maturity
- employed or self-employed with a stable source of income
With regards to the said home loan offer, you may pay for it for up to twenty (20) years or two (2) decades. Do you want to know how much you can borrow under it? You may visit this page – Landbank Housing Loan – How Much You Can Borrow Based On Income.
Before applying for the said Landbank loan, you may get an estimate of how much you can borrow based on your desired monthly due. You have to prepare the following information before visiting the official website of Landbank:
- Target amount to be paid monthly
- Desired term of loan in years (one to 20 years)
- Loan interest rate
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.