#LOAN FOR GADGETS

Land Bank of the Philippines (LANDBANK) has recently revealed the expanded coverage of its Interim Students’ Loan for Tuitions towards Upliftment of Education for the Development of the Youth (I-STUDY) program, covering the purchase of electronic gadgets that students need for online learning. I-STUDY Lending Program: What you need to know Under the enhanced I-STUDY Lending Program, LANDBANK now offers a loan of up to PHP 50,000 per student to finance the purchase of learning gadgets such as laptops, desktops, or tablets.  Formerly, the I-STUDY program only covers tuition or enrolment-related fees. This can be included in the maximum loanable amount of PHP 150,000 per student or PHP 300,000 per parent borrower to cover payment for tuition or enrollment-related fees. The loan comes with a 5% interest per annum, which is fixed for the entire term of the loan. Meanwhile, the penalty for loan default is at 24% per annum. 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. Read more in our articles including "Landbank gadget loan: How to apply" and "LANDBANK offers PHP 50K loan for online class gadgets".