LAND BANK of the Philippines (LANDBANK) has launched a loan facility for pensioners and government employees.
“We are committed to expanding our accessible services for our diverse clientele, including extending financial relief during critical circumstances. The new PeER (Pension and Emergency Relief) Loan Facility provides timely financial assistance tailored to help them in times of urgent need,” LANDBANK President and Chief Executive Office Lynette V. Ortiz said in a statement on Thursday.
Eligible borrowers can secure loans between P20,000 to P100,000 at an interest rate of 10% per annum.
The PeER Loan Facility aims to offer accessible financial assistance to pensioners and government employees as the bank looks to promote financial security for its clients.
Funds from the loan can be used for emergency expenses, medical needs, and other urgent financial requirements.
“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,” the state-run lender said. — Aaron Michael C. Sy
