How to Apply For Landbank Gadget Loan

LANDBANK will offer gadget loan to support students need  in the implementation of distance learning.

“LANDBANK recognizes the need to support students in adapting to distance learning modalities. While we await the resumption of in-person classes, we hope that the I-STUDY Program can help students cover the financial requirements to purchase needed learning equipment and participate in online classes,” said LANDBANK President and CEO Cecilia C. Borromeo.

How to Apply For Landbank Gadget Loan

  • Prepare copies of required documents (listed below)
  • The borrower must have a LANDBANK deposit account where repayment of the loan shall be debited.
  • School documents to prove the student’s enrolment with any DepEd/CHED accredited private educational institution for the current school year and that school is into an online teaching module.Applicants may submit their applications together with the complete pre-loan processing documents to the nearest LANDBANK Lending Center.
  • To find the nearest lending center near you, click here.
  • Landbank gadget loan 2

Post-Release Requirements

  • Valid student ID issued by the institution immediately within 5 days from the date of issuance (for students).
  • Authority to debit account.
  • Photocopy of issued official receipts within five (5) calendar days from the date of transaction for the purchase of electronic gadgets.

Who may apply for a Landbank gadget loan and required documents

Parents, guardians, and co-borrowers are generally required to have Filipino citizenship, be of legal age, have proof of permanent residence, or have resided in the area of residence for a minimum of 2 years, with established repayment capacity.

Requirements for salaried individuals

  • A duly accomplished loan application form obtained from Landbank
  • certificate of employment or contract of employment
  • copy of 3 months latest pay-slip
  • latest BIR-filed Income Tax Return

Requirements for self-employed individuals

  • A duly accomplished loan application form obtained from Landbank
  • copy of your business permit
  • latest BIR-filed Income Tax Return
  • Valid Government-issued ID
  • Proof of billing address and payment record from at least utility/ service companies

For students

  • A student must be a Filipino citizen, of legal age and not over 50 years old at the time of application.
  • A duly accomplished loan application form obtained from Landbank
  • Admission slip or Enrollment Form with Student ID issued by an educational institution or technical vocational institution (for incoming student) or proof of enrollment (present or latest enrollment or registration form for continuing student.)
  • Form 138 or Certified True Copy of Grades during previous semester attended.
  • Certificate of Good Moral Character from the dean or guidance counselor or any authorized personnel from the school.
  • Scholars whose scholarships do not fully cover tuition fees are eligible to apply for a loan.

Note: Some documents need not be submitted if the same shall already be provided by the school

Source: Landbank