Easy Home Loan

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

Return to Housing and Mortgage Programs