Landbank in the Philippines

Agricultural Credit Support Project Contributing to the National Government’s goal of poverty reduction, the Agricultural Credit Support Project (ACSP) offers loan funds toward increasing investments, creating new job opportunities, and improving agricultural productivity in the rural areas. The ACSP provides credit support to agriculture and agri-related projects within a value chain. Let LANDBANK’s ACSP help […]

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32/F, LANDBANK Plaza 1598 M.H. del Pilar Dr. J. Quintos St. Malate, Manila
(+632) 8-405-7000 (Customer Care Hotline ), (02) 8-405-7000 or 1-800-10-405-7000 (Domestic Toll Free), customercare@mail.landbank.com
Interest rate 0.54% - 1.33%
Loan tenure from 12 to 84 months
Approval duration Up to 120 hours
Min. monthly income

Head Office

32/F, LANDBANK Plaza 1598 M.H. del Pilar Dr. J. Quintos St. Malate, Manila

Product Features

Min. financing amount ₱ 300000
Max.financing amount ₱ 1000000
Min. loan tenure 12 months
Max. loan tenure 84 months

Credit

Easy Home loan

Interest Rates:  6,5% per annum
Minimum loan amount: 500 000 PHP
Maximum loan amount: Up to 80% of assessed value
Payment terms: Up to 20 years
Total gross monthly income (minimum): 50 000 PHP
Collateral: residential/commercial real estate
Approval time: 5- 21 banking days

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Academe lending program

Scheme for students “study now, pay later”
The lending program is available until June 30, 2021
Interest Rates: 3% per annum
Maximum loan amount:
Schools can borrow as much as 70% of the sub-promissory note per semester and subject
Payment terms: Up to 3 years
Approval time: 5- 21 banking days

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OFW Reintegration Program

OFWs certified by OWWA on membership and capacity building program attended
Interest Rates:  7,5% per annum
Minimum loan amount: 100 000 PHP
Maximum loan amount: Maximum of 80% of TPC
Payment terms:
• Short Term – maximum of 1 year
• Term Loan – based on cash flow but not to exceed 7 years, inclusive of a maximum two years grace period on principal
Collateral:
Object of financing and/or other collaterals/securities acceptable to the bank

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Agricultural Credit Support Project

Pass-On Rate to Sub-Borrowers: 
15% per annum for Short-term Loans
16% per annum for Term Loans
Interest Rates: 
8.5% per annum* for short term loans
9.5% per annum* for term loans
* inclusive of 2% interest rebate for prompt payment andadherence to prescribed pass-on rates
Maximum loan amount: Up to 80% of the total project cost
Payment terms: From 1 to 7 years
Approval time: 5 banking days

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Agricultural and Fishers Financing Program

For Individual Borrowers
Interest Rates:  15% per annum
Minimum loan amount: 20 000 PHP
Maximum loan amount: 300 000 PHP
Payment terms: Up to 5 years
Approval time: 5 banking days

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Agricultural Competitiveness Enhancement Fund (ACEF)

Interest Rates:  6% per annum
Minimum loan amount: 1 000 000 PHP
Maximum loan amount: ong 5 000 000 PHP
Payment terms: Up to 3 years
Processing fee: 2 000 PHP
Approval time: 5 banking days

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I-Rescue Lending Program for Coops, SMEs and MFIs

Interest Rates: 
5% per annum fixed for three (3) years,
and subject to annual repricing thereafter based on one (1) year BVAL reference rate plus a spread based on credit
Maximum loan amount: ong
– Up to 85% of actual need provided the total loan
Payment terms: Up to 10 years
Grace period: Up to 3 years
Collateral: If Sub-PNs are already available at the time of loan release:
– Assignment of Notes Receivables/ Subborrower’s PNs with at least 100%
– Assignment of Proceeds of guarantee claims from the Philippine Guarantee Corporation, Credit Surety Fund and insurance claims, from the Philippines
If sub-PNs are not yet available at the time of loan release:
– PDCs to cover principal and interest amortizations for each PN
Approval time: 5 banking days

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Electronic Salary Loan (eSL)

For qualified government officials aged 18 to 64 with a LANDBANK ATM payroll accounts
Interest Rates: 0,83% per month
Maximum loan amount: 1 000 000 PHP
Payment terms: Up to 5 years
Approval time: 5- 21 banking days

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Land Bank of the Philippines – Provides credit, manages fund and administers loans
Eligible Borrowers:
Agrarian Reform Beneficiaries Organizations (ARBOs)
Farmers Organizations (FOs) other than ARBOs
Peoples Organizations (POs)
Other Conduits such as Co-ops, Rural Banks and NGOs

 

Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Borrower requirements

Eligibility:
– Photocopy of Registration Certificate, Articles of Cooperation/Incorporation and Constitution/By-Laws (for and to be submitted by the Service Conduit)
– Endorsement letter from the DA designated endorser agency/unit (DA-RFU/BFAR/PCA) of eligible Service Conduit
– Endorsement letter from Service Conduit of its members with certification that: a) its members are non-ARBs or known to the – – – Service Conduit (if not yet a member); and b) they have no outstanding loan with any financing institutions for the same project being applied for
– Copy of Purchase Order/Marketing Agreement with buyers
– Farm Plan and Budget (if applicable)
– Business Plan (if applicable)

FAQ

The longest loan period is 20 years.

Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check need to check the documents for the land or property you are buying, as well as make an assessment of it.

There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.

– Private/Non-DepEd Junior/Senior High Schools with permit to operate by DepEd
– Private TVET Institutions in partnership with and being regulated by the Technical Education and Skills Development Authority (TESDA)
– Private HEIs such as Colleges and Universities with undergraduate programs authorized by CHED and that the HEIs must be accredited by any of the following:

  • Philippine Accrediting Association of Schools, Colleges and Universities;
  • Philippine Association of Colleges and Universities’ Commission on Accreditation;
  • Association of Christian Schools, Colleges and Universities Accrediting Association Inc.;
  • Federation of Accrediting Agencies of the Philippines

Yes, students can start paying off the loan after graduation. However, it is worth considering the maximum loan term – 3 years.

No, schools can borrow as much as 70% of the sub-promissory note per semester and subject.

DOCUMENTARY REQUIREMENTS:
Pre-processing
a. Masterlist of sub-PNs to be assigned
b. DepEd or CHED’s Permit to Operate as an education institution
c. Securities and Exchange Commission-certified Registration Papers
d. List of major owners and officers and their official designation in the Institution with their personal data and 2×2 ID pictures
e. Board Resolution authorizing the school’s representative to obtain, negotiate, mortgage, sign and enter into a loan agreement with LANDBANK
f. Audited BIR-filed Financial Statements for the past 3 years plus the interim Financial Statements
Note: Applicable only if the above-listed documents are not on LANDBANK’s file.

Pre-release
a. Letter-request to avail from the approved LANDBANK loan signed by the school’s authorized signatories, indicating among others the following:
1) Amount of loan to be availed based on the sub-PNs to be refinanced
2) 3-year term of the loan
3) Loan purpose
b. PDCs to cover principal and interest amortizations
c. The school shall maintain custody of all sub-borrower PNs including underlying collateral, if any. The school shall submit a notarized undertaking to keep custody of the sub-borrower’s PN and its underlying collaterals which had been assigned in favor of LANDBANK, and that the same are open for inspection and audit by LANDBANK representative, anytime at the Bank’s discretion.
d. Authority to debit account for loan repayment

Contacts

Full company name
Address 32/F, LANDBANK Plaza 1598 M.H. del Pilar Dr. J. Quintos St. Malate, Manila
Phone number (+632) 8-405-7000 (Customer Care Hotline ), (02) 8-405-7000 or 1-800-10-405-7000 (Domestic Toll Free)
E-mail customercare@mail.landbank.com
Social networks

Agricultural Credit Support Project
Contributing to the National Government’s goal of poverty reduction, the Agricultural Credit Support Project (ACSP) offers loan funds toward increasing investments, creating new job opportunities, and improving agricultural productivity in the rural areas. The ACSP provides credit support to agriculture and agri-related projects within a value chain.
Let LANDBANK’s ACSP help you meet your financial needs in agribusiness, be it for your additional capital, production increase, or operational expansion.
The Department of Agriculture, Department of Agrarian Reform, Department of Environment and Natural Resources and Land Bank of the Philippines partnered to provide credit assistance to Agrarian Reform Beneficiaries (ARBs) through their respective organizations and support their on-farm and off-farm activities whether individual or communal projects.

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2 weeks ago

mr

i want to apply loan but im here in qatar

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