Landbank Salary Loan – review 2026
Pros
- Annual rate of 10% to 12%, well below typical unsecured commercial personal loan pricing
- Automatic payroll deduction reduces the risk of missed payments
- Repayment terms up to 60 months for manageable monthly amounts
- Open to employees of accredited private corporations as well as government agencies
Cons
- Only available where the employer has an existing payroll arrangement with Land Bank
- Loan processing depends partly on employer HR turnaround, not Land Bank alone
- Employees who change employers may need to review how the remaining balance is handled
Land Bank of the Philippines offers salary loans to employees of government agencies and accredited private corporations, with amounts from PHP 10,000 to PHP 500,000 at annual rates of 10% to 12% and repayment terms of up to 60 months. The program runs through the employer, which signs on with Land Bank to facilitate payroll-deducted repayment rather than leaving collection to the individual borrower.
Who it suits
Employees of local government units, state universities and colleges, and other Land Bank-accredited institutions who want a bank-grade rate with automatic payroll repayment are the primary audience. Because the employer must have an existing arrangement with Land Bank, availability depends on where the borrower works rather than on applying individually at any branch.
Applying and repayment
Eligible employees apply through their employer's designated HR or payroll channel, which coordinates with Land Bank to process documentation and release funds. Repayment is deducted directly from the employee's monthly salary and remitted to Land Bank, continuing automatically for the life of the loan.
Note: the specific rate and amount figures above are general-market indicators, not confirmed from this lender's current published rate card -- always verify the exact rate, amount and fees directly with the provider before applying.Requirements
- Employment with a government agency, LGU, SUC or Land Bank-accredited private corporation
- Minimum length of service as required by the specific institutional agreement
- Valid government-issued ID and employment certification
- Employer coordination to set up payroll deduction repayment
- Satisfactory standing with no disqualifying existing loan defaults
Provider contacts
- Name
- Land Bank of the Philippines
- Address
- 1598 M.H. Del Pilar corner Dr. J. Quintos Streets, Malate, Manila, Philippines
- Reg. number
- Government Financial Institution – BSP Supervised
- Website
- https://www.landbank.com
- Online application
- Apply now →
- Regulator
- Bangko Sentral ng Pilipinas (BSP)
Information in this review is based on publicly available sources and is for informational purposes only. Finatino.com is not a financial product broker. Before signing any contract, we recommend reading the provider's terms and conditions.