Bahay Para sa Bagong Bayani (3B)

Eligible Borrowers

  • Filipino citizens
  • OFWs holding a live contract from a reputable company
  • 21 years old but not more than 65 years of age upon loan maturity
  • Clear of adverse credit finding with other creditors

Eligible Loan Purpose

Purchase of:

  • Residential Lot
  • House and Lot
  • Residential Units/Condominium/Townhouse
  • Construction/improvement or renovation of existing residential unit owned by OFW
  • Refinancing of an existing housing loan of the OFW on "CURRENT" status
  • Assumption by an OFW an existing housing loan by another borrower either with LANDBANK or another creditor

Loan Amount

Lowest of the paying capacity of the OFW or loan value of collateral with loan value of 80% provided that:

  • Financing will be for the principal residence or dwelling of the borrower OFW; and
  • The title should be under the name of the OFW

Tenor

  • 20 years: for OFW with co-borrower
  • 15 years : for OFW without co-borrower

Collateral

  • Primary, the Object of Financing or separate prime property if warranted
  • Others that may be accepted in addition to the object of financing:
    • Deposit with Hold-out

Interest Rate

  • Variable : Based on the posted rates at the time of availment
  • Subject to yearly repricing1
  • Fixed: Based on posted rates at the time of availment2
    • 2-3 years
    • 4-5 years
    • 6-7 years
    • 8-10 years
    • 11-15 years
    • 16-20 years
  • For Socialized Housing: 1% below the posted EHL rates at the time of availment subject to annual repricing3

Note:
1 , 2 Applicable to EHL, END-BUYER'S TIE-UP and 3B
3 Applicable to END-BUYER'S TIE-UP only

DOCUMENTARY REQUIREMENTS
For Credit Analysis:
  • Duly accomplished loan application form with 1" X 1" photo
  • Copy of employment contract
For Appraisal:
  • Photocopy of TCT/CCT
  • Photocopy of Tax Declaration (land improvements)
  • Latest Real Estate Tax Receipts
  • Certified by a Geodetic Engineer
  • Lot Plan
  • Location and vicinity map
For Construction and Renovation:
  • Photocopy of TCT/CCT

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