Guide on Whether the Landbank House Loan Is Open for Home Renovation Purpose or Not
LANDBANK HOUSE LOAN – Here is a guide on whether the home loan offer of the Landbank of the Philippines is open to fund a home renovation or not.
Buying a house is one of the best things you can ever do and achieve not only for yourself but as well as for the people you love. It is an assurance that you and your family will always have a place to come home to.
Also, if you have your own house, you would be spared from wasting your money on rents. If you will do the purchase under a loan offer to be assisted financially, at least at the end of the term, the residential property is yours.
Are you planning to apply for a bank home loan offer? Most offers are not solely for the purchase of a residential property. One of these offers is the Landbank House Loan.
The Landbank House Loan is open to assist financially on the purpose of buying a residential property and constructing a house. However, based on the list of loan purposes posted on its official website, the primary government bank is seemingly not open to fund a home renovation.
With regards to the purchase of a residential property, it is open to assist the buying of a townhouse, a house and lot, and condominium unit. The said Landbank loan offer is also open if you wish to buy a vacant residential lot. To be eligible for the said loan offer, the applicant must be:
- a Filipino citizen
- at least 21 years old but not more than 65 years old
- employed or self-employed
Do you want an idea of how much you may borrow under this loan offer and how to apply for it? Feel free to visit – Landbank Loan – How Much You Can Borrow Based on Desired Monthly Due Under Home Loan.
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 LOAN OFFERS – List of Loans Offered by Land Bank of the Philippines
