ADVISORY

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OFW  Reintegration Program (OFW-RP)

With this program tie-up between LANDBANK and the Overseas Workers Welfare Administration (OWWA), business opportunities are provided to Overseas Filipino Workers (OFWs). With our credit assistance, you can now put up and run your own business as an alternative to your overseas employment.

With this program tie-up between LANDBANK and the Overseas Workers Welfare Administration (OWWA), business opportunities are provided to Overseas Filipino Workers (OFWs). With our credit assistance, you can now put up and run your own business as an alternative to your overseas employment.

ELIGIBLE BORROWERS
• OFWs certified by OWWA on membership and capacity building program attended
ELIGIBLE PROJECTS
• Viable projects belonging but not limited to, the following fields: franchising, agri and non-agri production and marketing, construction, rental, service, trading, transportation
• Contract tie - up with top 1,000 corporations


LOAN PURPOSE
• Working Capital
• Fixed Asset Acquisition


PROJECT COST SHARING
• Borrower's Equity - Minimum of 20% of the Total Project Cost (TPC)
• Loan - Maximum of 80% of TPC


LOAN AMOUNT
Minimum loanable amount of P100,000 with the following loan ceilings:
• P2 million for single proprietorship
• P5 million for group of OFWs (partnership, corporation, or cooperative)


INTEREST RATE
Short Term Loan and Term Loan - 7.5% per annum fixed for the duration of the loan


LOAN REPAYMENT
• Short Term - maximum of one year
• Term Loan - based on cash flow but not to exceed seven years, inclusive of a maximum two years grace period on principal


COLLATERAL
• Object of financing and/or other collaterals/securities acceptable to the bank


HOW TO AVAIL OF A LOAN
1. Visit the nearest OWWA Office and undergo orientation/eligibility screening and processing/necessary training
2. Secure the required OWWA certification for submission to LANDBANK
3. Visit the LANDBANK Lending Center/ Lending Unit nearest to your place of residence or business for more information and evaluation of project proposal.

Mission
To our Clients and Publics:

We provide accessible and best technology solutions to deliver timely and responsive financial and support services to meet the needs of our clients, especially Small Farmers and Fishers (SFFs), Micro, Small and Medium Enterprises (MSMEs), Countryside Financial Institutions (CFIs), Local Government Units (LGUs) and government agencies, while promoting sustainable development anchored on good governance.

To Our Employees:

We are the employer of choice.

We develop and nurture talents who exemplify the highest standards of ethics, social responsibility and service excellence.

We support diversity and cultivate a healthy work environment with equal opportunity for professional growth and advancement.

Vision
By 2023, LANDBANK shall be the leading universal bank that promotes inclusive growth, especially in the unbanked and underserved areas, through the delivery of innovative financial products and services powered by digital banking platforms.

What are the other Business Loans?

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Customer Care Hotline
(+632) 8 405-7000
PLDT Domestic Toll Free
1-800-10-405-7000
Email Address
customercare@mail.landbank.com

Where to find a LANDBANK Lending Center?

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