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LandBank business loans for October 2022 in the Philippines

Get a business loan at LandBank. On 03.10.2022 there are 3 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.

Offers: 3

Updated:
26.08.2022
08:10
LandBank
OFW reintegration program
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
₱100,000 - ₱5,000,000
Rate
i

Effective interest rate on the product

7.5% per annum
Term
i

Loan term for the financial product

up to 7 years
Submit your loan application online
Submit your loan application online

Take advantage of our business loan selection system with a free credit check!

LandBank
Power/Water/Utilities
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to 90% of the project cost
Term
i

Loan term for the financial product

up to 15 years
LandBank
General/small & medium enterprises
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to 80% of the actual need
Rate
i

Effective interest rate on the product

from 5%
Term
i

Loan term for the financial product

up to 5 years

Business loan application in the Philippines

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Specify the desired loan amount

100000 ₱
10000000 ₱
Loan term
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1
72
Business loan application
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Loan amount
0 ₱
Loan term
0 month
Loan comission
29 246
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Other types of business loans

How to get a business loan

Fill out your application
Fill out your application

On our website you can fill out a short application form for a loan.

Pass a credit check
Pass a credit check

We will offer you to check your credit score online for free.

Send your application online to the suggested companies
Send your application online to the suggested companies

After checking your credit rate, you will be able to send your loan application to the appropriate companies.

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Wait for a response from the lender

If necessary, the lender will contact you to clarify the details.

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LandBank business loans for October 2022

The Landbank business loan program can assist you in obtaining the additional finance, increased output, or operational growth you require for your agribusiness.

Types of Landbank business loans

General/small & medium enterprises loans

With the help of its loan initiatives, entrepreneurs are provided the assistance they need to launch a new firm or grow an existing one, thanks to its presence in all 81 provinces.

Depending on the specific loan type under the general/small and medium enterprises loans, loanable amounts may be up to 80% of the actual need provided to the total loan. The loan term could be up to 5 years, with a maximum of 2 years grace period on the principal payment, which will depend on the cash flow. The annual interest rate starts at 5%, and there are also options that provide fixed interest rates for the first 3 years.

The list of loans offered by the bank under this category are:

  • Term loan facility.

  • Working capital and Landbank liquidity support facility.

  • Exporters' production support facility.

  • Farm tourism financing program.

  • Emerging FILIPINA lending program.

  • Franchising lending program.

  • Lending program for former rebels.

  • PFI-ACCORD.

  • SPEED PUV loan program.

  • I-RESCUE BUS lending program.

  • I-RESCUE lending program.

  • Innovation and technology lending program.

Landbank power/water/utility business loan

Under this program, there are two other programs:

  • Go Green, inclusive financing program. Landbank's Green, inclusive financing program for SMEs and LGUs reduces your electricity costs while promoting environmental protection. The loanable amount is up to 90% of the project cost.

  • BRIGHTNESS program. Landbank seeks to deliver inclusive growth to every family through national electrification support services. It is intended to offer loan support to increase the capacity of the rural power industry. The loan term can be up to 15 years.

OFW reintegration program

Business prospects are made available to overseas Filipino workers (OFWs) thanks to this program partnership between Landbank and the Overseas Workers Welfare Administration (OWWA). With the bank’s credit support, you can start and run your own business in place of your abroad employment.

Business loans for farmers

Whether you need additional finance, more production, or operational expansion for your agribusiness, Landbank can help you. Under this business loan, they have:

  • Sulong saka.

  • Agricultural credit support project.

  • Agricultural and fishers financing program.

  • DA sikat saka program.

  • ARISE-ARBs program.

  • Agricultural competitiveness enhancement fund (ACEF).

  • SWINE lending program.

  • PALAY ng lalawigan.

  • Enhanced partnership against hunger and poverty (EPAHP).

  • Young entrepreneurs from school to agriculture program (YESAP).

Business loans for fishers

This business loan is strictly for fishers. Under this, they have:

  • Agricultural credit support project.

  • Agricultural and fishers financing program.

  • Pagsasakang pantubig.

  • Financing program for commercial fishing vessels.

How to apply?

To apply for a loan, visit the Landbank website and download the application form specifically for the type of loan you want, fill it out, and take it to the nearest branch to complete your loan application.

Landbank business loan requirements

The requirements vary depending on the type of business loan you are applying for, but the general conditions are:

  • Application form for a business loan from Landbank.

  • Biographical information with a passport-size photo.

  • Copy of the registration certificate from the department of trade and industry.

  • Mayor's permission.

  • Internal tax revenue copy and audited form (BIR-received).

  • A three-year financial statement.

  • Most recent interim financial report.

  • Fundamental assumptions, projected income statement, balance sheet, and cash flow statement.

  • A concise history of the company.

You can visit the Landbank website to check the entire requirement depending on the type of business loan you want to apply for.

Pros and cons

Here are some pros and cons of Landbank business loans.

Pros

  • It provides a boost for cash flow.

  • With the loan, you would still maintain the business ownership.

  • There are a lot of business loans to choose from.

Cons

  • A very long list of requirements.

  • Loan applications can be very stressful.

How to repay?

Only in-person repayment of Landbank business loans at the branch where you submitted your application and executed the contract is permitted, or repayment via an automatic debit arrangement (ADA).

FAQ

Who is eligible for the OFW reintegration program at Landbank?

  • OFWs who have received OWWA certification for membership and capacity building.

  • Successful initiatives in the following industries include franchising, agri and non-agri production and marketing, construction, renting, service, trading, and transportation.

What are the credit facilities for the Landbank BRIGHTNESS program?

  • Stand-by letter of credit.

  • Short-term loan.

  • Term loan.

What are the loan purposes for the i-tech lending program at Landbank?

  • Working capital.

  • Purchasing fixed assets, making capital investments, and purchasing supplies.