How To Apply for Landbank Housing Loan Offer

Guide on How To Apply for Landbank Housing Loan Offer for Employed, Self-Employed Clients

HOW TO APPLY FOR LANDBANK HOUSING LOAN – You can check the step-by-step guide below in applying for the loan offer of the Landbank of the Philippines.

Have you heard about the Housing Loan offers of the Landbank of the Philippines? Yes, the government bank has several loan offers that aim to help Filipinos who want to acquire residential properties in affordable means.

One of the loans offered by the government bank is the Easy Home Loan which is open for both employed and self-employed individuals. It is open to finance several purposes that are common with regards to residential property acquisition.

You may apply for the loan offer to buy a vacant lot or a residential unit. The bank will finance the purchase for you and you will just have to repay it based on the terms set. It is also open to fund the construction of a house as well as taking out an existing home loan from another bank or lender.

According to Landbank, the “loan shall be secured by residential/commercial real estate properties” acceptable to it. The Lanbank housing loan loanable amount varies depending if the borrower is a private applicant or a government employee.

There is an easy process in applying for the Landbank housing loan offer. Here are the steps that you may follow to ensure a smooth process:

Step 1 — Are you qualified?

There are eligibility requirements under the Easy Home Loan offer of the Landbank of the Philippines. To qualify for the loan, the borrower must meet the following criteria:

• Filipino citizens
• 21 years old (must not be more than 65 years of age upon loan’s maturity)
• Borrowers who are either gainfully employed or with lawful and profitable business

Step 2 — Prepare your documents.

Gather the requirements to apply for Landbank Housing Loan. Make sure you have all the documents needed for submission depending on whether you are locally-employed or self-employed and whether the property is a condominium unit or not.

Step 3 — Submit the requirements.

Go to any of the nearest branch of Landbank in your area or at the service lending center of the government bank in your region.

Step 4 — Wait for the result.

Wait for an update from Landbank or from the service lending center regarding the result of your loan application. It may take several days up to a few weeks before the result is out.