Experience Effortless Banking

Eligible Borrowers

Individuals/End-buyers of properties from:

• Developers with existing credit lines with LANDBANK
• Developers and their subsidiaries with no existing credit lines with LANDBANK but have passed the "Accreditation Process"

For Developers:

• Developers with existing credit lines/loans with LANDBANK
• Developers and their subsidiaries with no existing credit lines with LANDBANK must submit their duly Audited Financial Statements and must have passed the " Accreditation process"

Eligible Projects/Properties for Purchase

• Lots only
• Properties ready for occupancy
• House and lots
• Townhouse
• Condominium units
• Lot and houses for construction

Loan Purpose

Acquisition/purchase of:

• Lot
• House and lot
• Townhouse
• Condominium units
• Acquisition/Purchase of a lot and the construction of a house
• Construction of a house on a lot owned by the borrower

Loanable Amount

Up to 90% of the contract price which includes selling price, titling and taxes, or outstanding balance whichever is lower

For Socialized Housing:

• Outstanding balance which includes selling price, titling and taxes
• Loanable amount should be within the paying capacity of the borrower where paying capacity is computed at;

For Private Employees:

• 30% of the gross monthly income for private employees

For Government Employee:

• Based on the amount as required by GAA, after housing loan amortization

Tenor

• The loan shall have a maximum term of 20 years
• For Socialized Housing: Maximum of 30 years

Collateral

Real Estate Mortgage on property to be acquired from any residential projects of the accredited developers

DOCUMENTARY REQUIREMENTS

End Buyer/Borrower

• Duly accomplished loan application form with 1" X 1" photo
• Latest certificate of income and employment
• Latest Income Tax Return with BIR stamp
• Marriage Contract, if applicable

Developer:

• Photocopy of TCT/CCT
• Photocopy of tax declaration (land improvements)
• Certified Lot Plan
• Certified Location and Vicinity Map
• Latest Real Estates Tax Receipt
• Photocopy of TCT/CCTContract to Sell/Presell
• Master Deed of Restriction, in case of condominium
• HLURB Certification of Registration of Project
• HLURB Locational Clearance