Landbank Housing Loan
How to apply in 4 Easy Steps
Are you considering the Landbank housing loan offers? Discover a hassle-free application process with our step-by-step guide tailored for both employed and self-employed individuals.
If you’re looking for affordable ways to acquire residential properties, Landbank’s Easy Housing loan is designed to assist Filipinos in achieving their homeownership dreams. This government bank provides various loan options, including financing for vacant lots, residential units, home construction, and even refinancing existing housing loans from other lenders.
Landbank – A Trusted Financial Partner
When it comes to housing loans, the Landbank of the Philippines stands as a reliable choice. As one of the largest government banks in the country, Landbank not only offers credit card services but extends its support to various sectors, including specialized loan programs for fisherfolks and farmers.
Landbank Easy Housing Loan Overview: Tailored for Your Needs
The Easy Home Loan by Landbank caters to both locally employed and self-employed individuals, providing financial assistance for diverse purposes such as residential property acquisition, house construction, and refinancing existing home loans.
Landbank Housing Loan Application Process
In pursuit of your housing dreams, understanding the requisites for the Landbank Easy Home Loan is crucial. We present a comprehensive guide to the necessary documents required for a seamless application and guide you in our step-by-step guide through the whole process. To kickstart your application, ensure you meet the eligibility and get the required documents sorted.
Step 1: Confirm Your Eligibility
Before diving into the application, verify that you meet the eligibility criteria outlined:
- Filipino citizenship
- Age between 21 and not exceeding 65 upon loan maturity.
- Gainfully employed or engaged in a lawful and profitable business.
Step 2: Document Preparation
Gather the necessary documents based on your employment status and property type. Whether you are locally employed or self-employed, and whether the property is a condominium unit or not, Landbank has specific document requirements for a smooth application process.
Requirements for Locally-Employed Individuals: Your Checklist
For those employed locally, submitting the following documents is essential to initiate your Easy Home Loan application with Landbank:
- Personal Information Data Sheet
- Certificate of Employment
- Latest pay slip indicating net take-home pay of the borrower.
- Any two of the following latest Billing Statements:
- Electric Bill
- Phone Bill
- Water Bill
- Credit Card Bill
- TV Subscription Bill
Requirements for Self-Employed Individuals: Your Business Essentials
If you are a self-employed individual seeking the Easy Home Loan, ensure the submission of the following documents to Landbank:
- Business Registration and Licenses
- BIR-stamped Financial Statements and Income Tax Returns for the last three years
Requirements for Condominium Units: A Specific Checklist
For those considering a condominium unit, a popular choice for many, Landbank requires the following documents to process your loan application:
- Master Deed of Restriction
- Building and Unit Floor Plan
- HLURB Permit to Sell
- HLURB Locational Clearance
Step 3: Submission of required documents
Visit the nearest Landbank branch in your area or head to the service lending center of the government bank in your region. Submit the required documents for evaluation.
Step 4: Await the Result
Now, the anticipation begins. Sit back and relax as you await updates from Landbank or the service lending center regarding the status of your Landbank housing loan application. While it may take several days to a few weeks for the result, rest assured that their team is working diligently to provide you with the best outcome.
Landbank is committed to provide financial solutions that align with your housing aspirations. By adhering to these requirements, you pave the way for a swift and successful Easy Home Loan application.