Planning to apply for a Landbank housing loan? We break down the full requirements for government employees, OFWs, and private workers — plus show you how to compare rates for free before you commit.
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Why this matters
Landbank of the Philippines is one of the most popular home loan lenders for government employees, military and uniformed personnel, and OFWs — largely because of its government-backed stability and familiarity. Its housing loan program covers a wide range of purposes including purchase of a house and lot, condominium unit, vacant lot, home construction, and refinancing of existing loans. Basic eligibility requirements include Filipino citizenship, a minimum age of 21 (and not exceeding 65 years old at loan maturity), and a stable source of income. Government employees typically need to present a Certificate of Employment with compensation and the latest payslips, while OFWs are required to submit a valid Overseas Employment Certificate (OEC), POEA contract, and proof of remittance history. All borrowers must provide a government-issued ID, a duly accomplished application form, and the relevant property documents such as a Transfer Certificate of Title (TCT) and tax declaration. Note: the rates shown on this page are approximate figures based on publicly available information and are subject to change — always verify current rates directly with Landbank before applying.
Interest rates at Landbank are typically offered on a fixed-to-floating basis, with fixing periods of 1, 2, 3, 5, or 10 years. After the fixed period ends, your rate reprices to Landbank's prevailing reference rate, which can mean a significant jump in your monthly amortisation. Many borrowers who took out a Landbank loan several years ago are now paying rates of 8% to 10% or more — well above what is available in the market today. If you are already an existing borrower, it is worth reviewing whether refinancing your Landbank home loan to a lower rate through a Nook partner bank could generate meaningful savings. For a deeper look at loan calculators and full rate tiers, see our Landbank housing loan 2026 rates and calculator guide.
Nook is the Philippines' first digital mortgage broker, and our service is completely free to borrowers. Rather than spending weeks submitting separate applications to multiple banks, Nook lets you compare verified offers from leading Philippine banks in one place — with no fees, no obligation, and no guesswork. Whether you are a first-time buyer exploring Landbank or an existing borrower wondering if you can do better, Nook gives you a clear, unbiased picture of the market so you can make the most informed decision for your family.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
Filipino citizens aged 21 to 65 years old at loan maturity with a stable source of income are generally eligible. This includes government and private employees, self-employed individuals, and OFWs with a verified employment contract and remittance history. Co-borrowers such as a spouse can be included to boost the qualifying loan amount.
Government employees typically need to submit a Certificate of Employment with compensation, the latest three months of payslips, and a government-issued ID. Additional documents required by Landbank include a duly accomplished application form, a marriage certificate if applicable, and the complete property documents such as the TCT, tax declaration, and location map of the property.
OFWs need to present a valid Overseas Employment Certificate (OEC), a POEA-verified employment contract, and proof of remittance for the past three to six months. A Special Power of Attorney (SPA) is also required if the OFW cannot appear in person to sign documents, and it must be authenticated by the Philippine consulate in the country where the OFW is based.
Landbank offers fixed interest rates for initial periods of 1, 3, 5, or 10 years, after which the rate adjusts to the bank's prevailing reference rate. Approximate published rates have ranged from around 7% to 9% or higher depending on the fixing period and loan amount, but these figures are subject to change and should be confirmed directly with Landbank. If you are comparing options, Nook partner banks currently offer rates starting at 5.99% p.a., which could result in significant savings over the life of your loan.
Yes — refinancing is a common and practical option for Landbank borrowers whose fixed-rate period has ended and whose rate has repriced to a higher floating rate. By refinancing to a Nook partner bank at a lower rate, many borrowers can reduce their monthly amortisation by thousands of pesos. Nook's refinancing service is 100% free to borrowers, and you can check your potential savings in minutes without affecting your credit standing.
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