QUEZON CITY, (PIA) — The Land Bank of the Philippines (Landbank) has introduced a new loan facility aimed at providing accessible financial assistance to pensioners and government employees facing urgent financial needs.
The new Landbank Pension and Emergency Relief (PeER) Loan Facility allows eligible borrowers to secure loans ranging from P20,000 to P100,000 at an affordable interest rate of 10% per annum.
The funds can be used 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,” said Landbank President and CEO Lynette V. Ortiz.
“The new PeER Loan Facility provides timely financial assistance tailored to help them in times of urgent need,” Ortiz added.
The PeER Loan Facility offers two loan options: the Pension Loan for clients with Landbank pension accounts and the Emergency Relief Loan for regular government employees with Landbank payroll accounts who have at least one year of service.
Interested clients can apply for the PeER Loan at any Landbank branch or by contacting its Customer Service Hotline at 02 8405 7000.
This initiative is part of Landbank’s ongoing 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 Philippines, dedicated to promoting financial inclusion, digital transformation, and sustainable national development.
The bank operates in all 82 provinces across the country, providing accessible and responsive financial solutions to empower Filipinos from countryside to countrywide. (AVS/PIA-NCR)
