Guide on Requirements for Landbank Housing Loan – What You Need To Prepare
REQUIREMENTS FOR LANDBANK HOUSING LOAN – Here is a guide on the documents that you need to prepare in applying for the home loan offer of the Landbank of the Philippines.
Nowadays, you can make a huge purchase even if you don’t have the full amount for its price in cash. This is now possible because of the loan offers of different entities including banks, financing institutions, and lending firms.
In the Philippines, there are many of these institutions and companies that have loan offers. In fact, they have multiple loan offers with some crafted for specific purposes while others are multi-purpose.
Among the loan offers that are usually made for specific purposes for application are housing loans. They are for the purpose of a residential property purchase and the offers would sometimes include the refinancing of an existing home loan or financing of house construction or home renovation.
The Landbank of the Philippines, a government bank in the country, is one of those with housing loan offers. It has opened its offer for several purposes including the following:
- purchase of a
- Townhouse
- Condominium unit
- Lot, House and lot
- Other residential units
- Construction of a residential building on a lot owned by the borrower
- Refinancing of existing housing loan with other banks or financing firms or developers’ in-house financing-provided account is in “current status”
There are documentary requirements for Landbank Housing Loan application. It depends on whether you are employed or you are running a business.
Lists of Requirements for Landbank Housing Loan Application
For employed individuals:
- Personal Information Data Sheet
- Certificate of employment
- Latest pay slip indicating net take-home pay of borrower
- Any two of the following latest Billing Statements:
- Electric Bill
- Phone Bill
- Water Bill
- Credit Card Bill
- TV Subscription Bill
Private individuals owning their business / With established source of income:
- Business Registration and Licenses
- Biodata
- BIR-stamped Financial Statements and Income Tax Returns for the last three years
Aside from the Landbank housing loan offer, the bank also has a business loan offer. You may visit – Landbank Business Loan – How To Apply for “Term Loan” & the Requirements.