Landbank offer new emergency loan to all Government Employees, Pensioners

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PeER -New loan offers of Landbank to Government employees
Landbank, the state-owned bank, launched a new loan offer for all eligible government employees and pensioners. This is to help government employees in times of emergency expenses and other urgent financial requirements. The Pension and Emergency Relief (PeER) loan facility offers from 20,000 pesos up to 100,000 pesos. Landbank will add a 10% per year interest rate to your loan. Which is lower than other emergency loans offered by the financial sector like 5-6, OLA's, and e-wallets.
 
All interested individuals are encouraged to visit any Landbank branches nationwide and/or call the Landbank hotline number to help in facilitating the offer.
 
On the report of Abante, the House Committee on Labor and Employment chairperson at Rizal Rep. Fidel Nograles said, "Maganda po ang bagong loan program na ito upang may legal na malalapitan ang ating mga kawani ng pamahalaan at pensiyonado sa halip na lumapit sa mga nagpapa-'5-6'.”
 
Nograles believes that PeER will help all government employees in times of financial difficulties. 
 
The pension loan will be offered to all government employees with pension accounts at Landbank, and the emergency relief loan can be availed of by eligible employees with payroll accounts at Landbank who have at least accumulated 1 year of service in the government.
 
The PeER will become a significant player in the growing financial sectors, offering emergency loans with no collateral.

For more info visit: Landbank of the Philippines website

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