Guide on Landbank Housing Loan Application Qualifications
LANDBANK HOUSING LOAN – Here is a guide on who are qualified to apply for the home loan offer of the Landbank of the Philippines.
A purchase is always a decision away but there are those that are not simply an act of spending. In some cases, they can also be an act of investing – like when you are getting a house or any residential property. The value of lot only goes up through time – a really good investment.
However, it is also understandable why a lot of people still do not own a residential property of their own – it requires a huge amount of money. Many people are not financially ready to do it in cash under a one-time payment. Meanwhile, there are several options that you can turn to. You may apply for a loan.
There are several banks in the Philippines that offer loans to the public. One of them is the state-run bank Landbank of the Philippines.
The Landbank Housing Loan offer is open for several purposes. You may apply for it to:
- purchase a…
- townhouse
- condominium unit
- vacant lot
- house and lot
- other residential units
- finance a residential building construction on a lot you own
- refinance an existing home loan with other banks, financing firms, or developers’ in-house financing
The loan offer is open for both private and public employees. To be eligible to apply for the Landbank Housing Loan offer, you must be:
- a Filipino citizen
- at least 21 years old upon the loan application
- not more than 65 years old upon the loan maturity
- gainfully employed or with lawful or profitable business
Aside from the eligibility requirements set by Landbank, there are documents that you must prepare in applying for the loan offer. To check on the documents needed, you may visit – LIST: Requirements for Landbank Housing Loan Application.
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