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What is LANDBANK ACADEME Lending Program?

“If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.”

-Henry Ford-

LANDBANK ACADEMELANDBANK is here to offer their LANDBANK ACADEME Lending Program to students who want to complete employable and meaningful education. Every Filipino citizen has the right to access an education. One of the keys to unlocking a person’s full potential is education. Unfortunately, due to rising poverty levels and rising educational costs, many people have never been able to afford to complete an employable and meaningful education.


What is LANDBANK ACADEME Lending Program?


This photo was taken from: LANDBANK


The LANDBANK ACADEME (Access to Academic Development to Empower the Masses towards Endless Opportunities) Lending Program is in support to the government’s aim of nation building and the dedication of the state to provide quality education to every Filipino citizen.

The LANDBANK ACADEME Lending Program allows parents or benefactors of students to refinance or rediscount promissory note issued for school loans. On a semester-by-semester basis, eligible schools can borrow up to 70% of the sub-promissory notes, subject to a maximum amount depending on the school’s net borrowing capacity.

The LANDBANK ACADEME Lending Program will provide credit to private/non-DepEd high schools, private Technical Vocational and Education Training (TVET) institutions, and private Higher Education Institutions (HEIs), such as colleges and universities, in order to provide continuing education to their students through a study now, pay later scheme.

LANDBANK has reserve a total program fund of PhP 3 Billion in credit support for private high schools, private TVET institutions, and private HEIs including colleges and universities to provide continuing education to their students.

With a PhP 3 Billion program fund in credit support, a very low fixed interest rate of only 3% per year, and payable depending on the maturity of the sub-promissory notes but not to exceed three (3) years, the program provides “3-3-3” features. It is part of LANDBANK’s social investment plan, which aims to enable students to continue and complete their education.

“Given the financial constraints brought about by the COVID-19 Pandemic, LANDBANK is financing interventions to ensure that students will be able to enroll in school when classes finally resume. The LANDBANK ACADEME Lending Program supports the education sector in providing students greater access to quality education amid the health crisis we are all facing,” LANDBANK President and CEO Cecilia C. Borromeo said.


Am I eligible for LANDBANK ACADEME Lending Program?

As per the guidelines released by LANDBANK, students of the following types of education institutions are eligible to apply for the LBP’s “study now, pay later” program. Types of educational institutions are as follows:

  1. Private/Non-DepEd Junior/Senior High Schools with permit to operate by DepEd
  2. Private TVET Institutions in partnership with being regulated by Technical Education and Skills Development Authority (TESDA)
  3. Private HEIs such as universities and colleges with undergraduate programs authorized by CHED and must be accredited by any of the following:
  • Philippine Accrediting Association of Schools, Colleges, and Universities
  • Philippine Association of Colleges and Universities’ Commission on Accreditation
  • Association of Christian Schools, Colleges, and Universities Accrediting Association Inc.
  • Federation of Accrediting Agencies of the Philippines


How much can I borrow under LANDBANK ACADEME Lending Program?

The maximum loan amount under LANDBANK ACADEME Lending Program is up to 70% of the tuition per semester as indicated on the promissory note issued by the parents or the benefactors. Additionally, LANDBANK will also determine the school’s net borrowing capacity to see if they can grant lower or higher than the 70% total loan amount.


What is the maximum term for LANDBANK ACADEME Lending Program?

As per LANDBANK, the program is payable up to three years.


What is the interest rate of LANDBANK ACADEME Lending Program?

LANDBANK prescribed 3% interest rate per annum for LANDBANK ACADEME Lending Program.


How will LANDBANK release the funds to the beneficiaries?

LANDBANK will directly disburse the loan amount to the school’s account with the state bank. In addition, funds will either be released in lump sum or installment basis per semester.


When will the LANDBANK ACADEME Lending Program become available to the public?

According to LANDBANK, the program will be available to students seeking financial assistance on June 30, 2021.


For more information about LANDBANK ACADEME Lending Program features and application requirements, interested borrowers may contact the nearest open LandBank Lending Center or Branch nationwide. You may also call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.

For more updates, you may visit official LANDBANK Facebook and Instagram accounts (@landbankofficial) and Twitter (@LBP_Official) or the LandBank website.




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