LANDBANK EASY HOME LOAN 2023 – Here are the features of the home loan offer of the Landbank of the Philippines and the application process.
In the Philippines, there are some entities that offer home loans. One of those with multiple offers is the Landbank of the Philippines and one of its offers is the Landbank Easy Home Loan 2023.
Landbank Offers Easy Home Loan with Excellent, Flexible Features
Guide on Landbank Easy Home Loan Offer Features
The Landbank of the Philippines is offering an “Easy Home Loan” that comes with excellent features that are flexible, too, for your needs.
Are you one of the people who are planning to do one big move of getting a house of your own soon? You might be looking for loan options now and assessing offers that are available for you.
In the Philippines, whether you are employed in the private or public sector or running a business, one of the entities that you may turn to for a loan is the Landbank of the Philippines. It is a government bank in the country.
The Landbank actually has several loan offers — including multiple housing loan offers. One of the offers is the Landbank Easy Home Loan. It is open to finance several purposes including the purchase of any of the following:
- Vacant Lot
- Condominium unit
- 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”
The Easy Home Loan offer of the government bank is accessible for countless individuals not only because of its multiple purposes but as well as its short list of the eligibility criteria. To qualify for the offer, here are the qualifications set by the government bank:
- Filipino citizens
- at least 21 years old upon the loan application
- not be more than 65 years of age upon loan maturity
- Borrowers who are either gainfully employed or with lawful and profitable business
The government bank has set different loanable amounts depending on the employment status of the borrower or the source of income. It has also set considerations regarding the loan term allowed.
Most people prefer bank loans over in-house financing as they have already long-term accounts to some reputable banks in the country. Long-term good account standing in a bank also heightens the approval of the loan application.