Experience Effortless Banking

Eligible Borrowers

• 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

Loan Purpose

For the purchase of:

• Townhouse
• Condominium unit
• Lot, House and lot
• Other residential unit
• 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"

Loanable Amount

Minimum of P500,000.00

For Private Applicants:
The borrowing capacity of the individual borrower and his/her spouse (if applicable) shall be based on the 30% of the verified Gross Monthly Income for private applicants gross monthly income

For Government Employees:
The borrowing capacity shall be based on the amount as required by GAA, after housing loan amortization

Tenor

The loan shall have a maximum term of 20 years, provided the combined age of the borrower and the term loan shall not exceed 65 years

Collateral

The loan shall be secured by residential/commercial real estate properties acceptable to LANDBANK

DOCUMENTARY REQUIREMENTS

Employed individuals:

• Personal Information Data Sheet
• Certificate of employment
• Latest pay slip indicating net take home pay of borrower
• Any two of the following latest Billing Statements:
  • Electric Bill
  • Phone Bill
  • Water Bill
  • Credit Card Bill
  • TV Subscription Bill

Private individuals owning their business / With established source of income:

• Business Registration and Licenses
• Biodata
• BIR-stamped Financial Statements and Income Tax Returns for the last three years

Others

Applicable for both employed and private individuals with business

• For Condos:
  • Master Deed of Restriction
  • Building and Unit Floor Plan
  • HLURB Permit to Sell
  • HLURB Locational Clearance