Landbank Sulong Saka Loan Loanable Amounts
LANDBANK SULONG SAKA LOAN – Here is a guide on how much you may borrow under this farmers’ loan offer by Landbank of the Philippines.
There are several banks in the Philippines. Some are under the government while others are private commercial banks. Most of them got deposit account offers, loans, credit cards, insurance offers, and investment products.
With regards to the government banks, one of the banks with accounts, loans, and several other offers is the Landbank of the Philippines. It has several loan offers including loans intended to help farmers and fishermen in their livelihood.
One of the loan offers of Landbank of the Philippines to farmers is the Landbank “Sulong Saka” Loan. It aims to give credit assistance to farmers who are growing crops that are of high value like coffee, oil palm, cacao, banana, butter, rubber, and vegetables.
The said loan offer of Landbank serves several purposes. A farmer may apply for it for fixed asset acquisition, building construction, production loan, rediscounting, working capital or commodity loan, and permanent working capital.
How much you may borrow under Landbank Sulong Saka Loan? Here are the loanable amounts under this offer:
- For Production Loan-standard project cost sharing of 80:20 (90:10 for small farmers)
- For Fixed Assets – not more than 80% of the acquisition/construction costs
- For Commodity Loan – up to 85% of the market price of commodity at the time of availment
- For LGUs – not more than the net borrowing capacity based on BLGF certification
Who are qualified to apply for this loan offer? To check if you are qualified to apply for the loan offer, feel free to visit – Landbank Farmers Loan: Who Are Qualified To Apply for this Offer.
The following are the eligible projects under this Landbank loan offer:
- production of high-value crops
- establishment of nursery, budwood/mother plant/parent clone gardens
- trading, export
- post-harvest activities
- new plantation, replanting, rejuvenation, rehabilitation of old trees
You may also visit – LANDBANK LOANS: List of Personal Loans Offered By Landbank
