Land Bank of the Philippines introduced a new loan facility designed to offer accessible financial assistance specifically to pensioners and government employees.
Through the LandBank Pension and Emergency Relief (PeER) loan facility, eligible borrowers can secure loans ranging from P20,000 to P100,000 at an affordable interest rate of 10 percent per annum, for emergency expenses, medical needs, and other urgent financial requirements.
“We are committed to expanding our accessible services for our diverse clientele, including extending financial relief during critical circumstances. The new PeER Loan Facility provides timely financial assistance tailored to help them in times of urgent need,” said LandBank president and chief executive Lynette Ortiz.
The LandBank PeER loan facility offers two loan options: the pension loan, offered to qualified clients with LandBank pension accounts, and the emergency relief loan, available to regular government employees with LandBank payroll accounts and at least one year of service.
Interested clients can apply for the PeER Loan at any LandBank branch or by contacting LandBank’s customer service hotline.
The PeER loan facility is part of LandBank’s continuing commitment to promote financial security and resilience, empowering clients to better manage unforeseen expenses with confidence.
LandBank is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the bank provides accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
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