Landbank Salary Loan – Things You Need To Know

Want to buy a car, buy a house, go on a trip or throw a big party for family and friends? Salary loans are the perfect answer. It helps you to pay in monthly installments instead of having to pay a huge debt in one go.

Do you want to find a bank or a reputable lending facility to be able to pay bills of such large value as above? Landbank Salary Loan will provide all services related to what you are wondering. Let’s dig in for more details.

Landbank Salary Loan

What Is Landbank Salary Loan?

Landbank Salary Loan is an electronic product created by LANDBANK – the private government office of the Philippines. It can be called ESL, delivering the employees with Salary Loan services and transactions.

Customers will be offered several services related to salary loans, accompanied by authentic invoice documents. Loan transaction history is also provided fully and in detail through Landbank’s application, SMS, or internet-banking service.

More specifically, according to Landbank’s policy, the bank’s employees, as well as customers can be informed about their loan details.

Alternatively, they can request loan payments directly or through an internet banking application. The bank also allows them to look up the payment history of their loans.

This is very beneficial if they forget important information in their past transactions. Their trust in this bank is also strengthened through these services.

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Landbank Salary Loan – Things You Need To Know 

Interest Rate, Loan Terms, And Loan Amount

The bank can provide a salary advance loan from ₱‎3 million to ₱‎5 million, varying with the conditions of each customer. After confirming that the customer meets the requirements for a salary advance loan, this request will be approved and sent via SMS or notification on mobile banking.

The loan repayment period can be from 3 months to 3 years, depending on the amount of advance and the financial condition of each person. This amount will be deducted directly from the employee’s salary.

The official interest rate that the bank provides is 0.83% per month and the loan application processing time is about 3 days. Landbank charges lower interest rates than other salary advance companies. Paying loans directly to the salary and the bank’s services ensures absolute safety in both personal information and information on advance loans of customers.

The advance of salary supports employees in force majeure cases. It helps workers lacking money at the beginning of the working month. The salary advance process also becomes seamless over time. Quick loan processing time makes many people satisfied.

Landbank Salary Loan - Things You Need To Know 


Landbank sets certain requirements for employees as well as employers. To successfully apply for a Landbank salary loan, they need to follow the following process and requirements properly.

Employees need to provide a legally valid credit agreement, one main identity card (Driver’s License, Passport, etc.) or two secondary IDs (Social Security Card, Health Insurance Card, etc.)

In addition, it necessitates phone numbers that the borrower frequently uses. They also need two witnesses for the contract signing process.

Employers need a memorandum of agreement (MOA). It is one of the legal documents recognized by the state. It allows parties to work together and endorse service agreements, training, etc.

In addition, employers must have a Secretary Certificate or other certifications/certifications from their superiors (who have high authority in the company).


If you are an employee and want to apply for a salary loan at Landbank, your age should be over 21 and under 65 when the salary loan is due. It proves that you have the ability, conditions, and capacity to be responsible for all your legal actions.

It would help if you were confirmed by the company that you can apply for the loan. You can apply for a certificate at the official office of the company.

Landbank’s loan term is the same for Filipinos and foreigners. All loan terms and legal validity of the loan contract are no different on the subject matter.

Borrowers need at least 6 months of salary credit and must work monthly (BPO-₱‎20 million for 1st to 4th loan and ₱‎15 million for 5th loan onwards).

For employers, their business must be registered in the Philippines and have a minimum of 100 qualified employees of working age and full working capacity.


Steps To Apply For Landbank Salary Loan

To apply for a Landbank salary loan, you need to access the Landbank Online Loan Application to get loan application verification. On the main screen, provide your Loan Reference Number and date of birth. Click on the reCAPTCHA.

After checking all the information, you will receive the loan via your email or the phone number you used to apply. If you apply for a loan via a Mobile Banking application, a notification can be sent through this application or SMS.

Otherwise, you can go to Lanbank’s branch where you live to make the loan process. Bank staff will help you access the salary loan as quickly as possible.


What Are The Pros And Cons Of These Salary Loans?

One of the plus points of the Landbank Salary Loan is getting the money instantly. As long as you provide complete and accurate personal information and meet the bank’s requirements, all requests will be resolved quickly.

In addition, payments are calculated every month. It helps the bank to know the borrower’s ability to repay their loans.

The disadvantage of this salary loan is that the process of application takes quite a long time.

What Are The Pros And Cons Of These Salary Loans?

How To Apply Landbank Salary Loan For Teachers?

Teachers who want to apply for salary loans must visit Landbank’s official website. Click on the application form as above and choose DeptEd Livelihood Loan.

You need to print out this loan application form and write all your personal information. Please ensure that the information you provide is completely accurate.

The employer certificate is required in the application form, so you need to contact your employer or an authorized person in your company to get it. Finally, you must visit the local Landbank branches to submit the complete form.


Overall, the Landbank Salary Loan provides borrowers with all the necessary services in the most optimal time frame. Requirements, and eligibility have been fully provided to you in this article.

Steps to apply for a Landbank salary loan is also simple for those who want to borrow. Hope you found this post useful. See you in the next posts.

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