#LANDBANK PHILIPPINES

Land Bank of the Philippines (LANDBANK) has expanded the coverage of its direct loan program for students, covering the purchase of electronic gadgets they need for online learning. Under the enhanced I-STUDY (Interim Students’ Loan for Tuitions towards Upliftment of Education for the Development of the Youth) Lending Program, LANDBANK is now offering a loan of up to PHP 50,000 per student to finance the purchase of learning gadgets such as laptop, desktop or tablet. Moreover, students of legal age are now eligible to apply for the LANDBANK I-STUDY Program if they meet eligibility 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," said LANDBANK President and CEO Cecilia C. According to LANDBANK, this move of expanding the I-STUDY credit facility comes at the heels of recent government pronouncements for the continued implementation of distance learning as a step against the spread of COVID-19. Meanwhile, LANDBANK has approved loans amounting to PHP 531.5 million to 16 educational institutions through the ACADEME (ACcess to Academic Development to Empower the Masses towards Endless Opportunities) Lending Program as of February 16, 2021. Read more in our articles including "LANDBANK offers PHP 50K loan for online class gadgets" and "vivo Y31d now officially available, price, specs in PH".