Students can now borrow up to Php 50,000 to buy gadgets for their distance learning, the Land Bank of the Philippines (LANDBANK) officially announced on Wednesday, March 3, 2021.
“LANDBANK is now offering a loan of up to P50,000 per student to finance the purchase of learning gadgets such as laptop, desktop or tablet, that can be included in the maximum loanable amount of P150,000 per student or P300,000 per parent-borrower to cover payment for tuition or enrolment-related fees.”
The offer is under its enhanced Interim Students’ Loan for Tuitions towards Upliftment of Education for the Development of the Youth (I-STUDY) Lending Program.
When the LANDBANK I-STUDY Lending Program was launched last year, only parents and guardians of students could apply for financial assistance, but on March 3, 2021, it was also bared that students of legal age are already eligible to apply if they meet the requirements.
“LANDBANK recognizes the need to support students in adapting to distance learning modalities. While we await the resumption of in-person classes, we hope that the I-STUDY Program can help students cover the financial requirements to purchase needed learning equipment and participate in online classes.”
– Cecilia Borromeo, LANDBANK President and CEO
For more details on the I-STUDY lending program, the Land Bank of the Philippines has provided a contact detail for you to reach: the LANDBANK Programs Management Department II at (02) 8405-7198.
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