00:00Land Bank of the Philippines has introduced a loan facility offering financial support
00:04to pensioners and government employees. The Pension and Emergency Relief Loan provides
00:09loans ranging from P20,000 to P100,000 for emergencies, medical needs, and other urgent
00:16expenses. The loan comes with an interest rate of 10% per annum. There are two loan options,
00:22the Pension Loan for pensioners with land bank accounts, and the Emergency Relief Loan for
00:26regular government employees with land bank payroll accounts and at least one year of service.
00:31Interested clients can apply at any land bank branch or through the Customer Service Hotline,
00:39and Land Bank aims to make financial relief more accessible during critical situations.
00:44Land Bank President and CEO Lynette Ortiz emphasized that the peer loan facility is
00:49designed to provide timely assistance to clients in urgent need and expanding the bank's accessible
00:54services for diverse customers.
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