Thursday, March 23, 2023

LANDBANK HOME LOAN – Can I Apply For It for House Construction?

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Guide on Whether the Landbank Home Loan Is Open for House Construction or Not

LANDBANK HOME LOAN – Here is a guide on whether you can apply for the said loan offer of the Landbank of the Philippines for the purpose of house construction or not.

One of the wisest and the best investments you can ever have is a house and lot. Living in a place you can call your own really brings a lot of benefits – you have the right over the house rules, you can secure your loved ones’ safety, you will always have a comfort zone, etc.

Also, if you have your own house, you are not wasting your money on rent. It is another benefit apart from the fact that value of the residential properties only goes higher as years pass by.

Admittedly, buying a house and lot is costly. You will need thousands or even millions depending on what you want. In fact, even though you are going for house construction only as you already have a lot, it may require a huge amount of money.

Meanwhile, there are a lot of turn-tos. One of them is the Landbank Home Loan. It is not only open to assist a purchase of a house and lot but as well as to fund a house construction.

Landbank Home Loan

Do you want to know how much you can borrow under it? Your income can be a factor. You may visit – Landbank Housing Loan – How Much You Can Borrow Based On Income.

Like in other loans, there are eligibility qualifications in applying for the said Landbank loan offer. Meanwhile, the qualifications are minimal. To be eligible to apply for it, the applicant must be:

  • a Filipino citizen
  • at least 21 years old but not more than 65 years old upon the maturity of the loan
  • employed or self-employed

Are you planning to pursue an application to Landbank? Here is the list of the requirements that you must prepare – Landbank Home Loan – List of Requirements in Applying for It.

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 LOAN OFFERS – List of Loans Offered by Land Bank of the Philippines


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