Guide on the Requirements in Applying for Landbank Home Loan
LANDBANK HOME LOAN – Here is a list of the requirements in applying for the housing loan offer of the Landbank of the Philippines.
Nowadays, getting your own house is far easier compared before. It is possible even if you don’t have a huge amount of savings that can buy a house and lot. There are government agencies, lending companies, and banks that may assist you.
One of the banks that is willing to provide assistance for house purchase is the Landbank of the Philippines. It is open for the purchase of any of the following:
- Vacant Residential Lot
- House and Lot
- Condominium Unit
Under the said Landbank loan offer, you may borrow at least Php 500,000.00 or half a million pesos. The loan amount is subject to the approval of the bank.
In fact, prior to your loan application, you may check on how much you can borrow based on your target monthly due. Feel free to visit – Landbank Loan – How Much You Can Borrow Based on Desired Monthly Due Under Home Loan.
Are you planning to apply for the said Landbank loan offer? To be eligible for it, the applicant must be:
- a Filipino citizen
- at least 21 years old but not more than 65 years old upon the loan maturity
- employed or self-employed
With regards to the requirements in applying for the Landbank Home Loan, it depends on whether you are employed or self-employed. Here are the lists of what you need to prepare:
For employed applicants…
- 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
For self-employed applicants…
- Business Registration and Licenses
- BIR-stamped Financial Statements and Income Tax Returns for the last three years
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: Landbank Housing Loan – How Much You Can Borrow Based On Income