How to Apply for LandBank i-STUDY Lending Program

LandBank offers the Interim Students’ Loan for Tuitions towards Upliftment of Education for the Development of the Youth (I-STUDY) program to support students affected by the pandemic. 

This program provides financial assistance to help parents, guardians, or benefactors send students to school. 

landbank i-study loan
Credits: LandBank

Overview of the I-STUDY Program

The I-STUDY program is designed to assist Filipino citizens in financing tuition and other educational-related expenses. 

The program offers two types of loans: a short-term loan for pre-school, primary, and secondary education, and a term loan for tertiary education.

Eligibility Criteria


Eligible borrowers include parents, guardians, benefactors, and students of legal age. The following criteria must be met:

  • Must be a Filipino citizen of legal age with established repayment capacity.
  • If the principal borrower is over 60 years old or has no established repayment capacity, a co-borrower is required.
  • Must have a good credit history and standing.
  • Must be a permanent resident or have resided for at least two years in the area of residence.
  • Must have a combined monthly net take-home pay of at least PHP 10,000 per enrolled student after loan amortization.


Co-borrowers must meet these criteria:

  • Must be a Filipino citizen not older than 60 years.
  • Must have established repayment capacity and a good credit standing.
  • Must be a permanent resident or have resided in the area of residence for at least two years.


Students must meet the following criteria:

  • Must be a Filipino citizen not over 50 years old at the time of application.
  • Must meet the admission and retention requirements of schools or technical vocational institutions recognized or accredited by CHED, TESDA, or DepEd.
  • Must have good moral character as certified by the school.
  • Must be non-scholar students in private pre-school, primary, and secondary schools, or not a current beneficiary of the Universal Access for Quality Tertiary Education Act or any scholarship program covering full tuition fees.
  • Scholar students whose tuition fees and other enrollment-related fees are not fully covered by scholarship benefits and/or need funds to purchase electronic gadgets for online learning.

Loan Details

Loan Purpose

The loan can be used for:

  • Tuition or enrollment-related fees.
  • Purchase of electronic gadgets as educational aids for online distance learning.

Loanable Amount

  • The maximum loan amount is the equivalent of one school year or two semesters, or PHP 150,000 per student, with a cap of PHP 300,000 per borrower.
  • Included in the maximum loanable amount is up to PHP 50,000 per student for purchasing gadgets.

Loan Tenor

  • Short-term loans are payable within one year via a 360-day promissory note.
  • Term loans are payable up to a maximum of three years, including a one-year grace period on the principal.

Mode of Release

  • Tuition or enrollment-related fees will be released in lump sums and credited directly to the school’s account.
  • Funds for purchasing electronic gadgets will be credited directly to the borrower’s LANDBANK account.

Interest Rate

The interest rate is fixed at 5% per annum for the entire term of the loan.

Penalty for Loan Default

A penalty of 24% per annum will be applied in case of loan default.

Step-by-Step Application Procedure

Pre-Processing Requirements

For Parents, Guardians, Benefactors, or Co-Borrowers:

  • Duly accomplished loan application form.
  • Certificate of Employment or Contract of Employment.
  • Copy of the latest three months’ pay slips.
  • Latest BIR-filed Income Tax Return.
  • For self-employed individuals, a copy of the Business Permit and the latest BIR-filed Income Tax Return.
  • Valid government-issued ID.
  • Proof of billing address and payment records from at least two utility or service companies.

For Students:

  • Admission slip or enrollment form with student ID or proof of enrollment.
  • Form 138 or a certified true copy of grades from the previous semester.
  • Certificate of good moral character from the dean, guidance counselor, or authorized personnel from the school.
  • Schedule of payment of school fees and other enrollment-related expenses certified by the registrar or authorized personnel of the educational institution.

Pre-Release Requirements

  • Opening of a LANDBANK deposit account by the borrower.
  • Schedule of payment of school fees and other enrollment-related fees for the current term certified by the registrar or authorized personnel of the institution.
  • Authority for LANDBANK to receive copies of documents from the school related to the student’s records issued by the borrower.
  • Consent to disclose credit information to other banks and financial institutions.

Post-Release Requirements

No more than five calendar days after completing enrollment:

  • Photocopy of validated enrollment assessment form or registration form and teller-validated accomplished copy of the bills payment slip.
  • Valid student ID issued by the institution.
  • Official receipts as proof of payment of tuition fees and other enrollment-related school fees.
  • Authority to debit account.
  • Photocopy of official receipts for the purchase of electronic gadgets within five calendar days from the date of transaction.

Within two weeks from the end of the term or as soon as available:

  • Certificate of completion from educational institutions or an equivalent document from a technical-vocational institution certified by the registrar or equivalent.

Where to Apply

Applications can be submitted to the nearest LANDBANK Lending Center after completing the enrollment assessment made by the schools and gathering all required pre-loan processing documents.

Implementation Arrangements

The school where the student plans to enroll should have a Memorandum of Agreement with LANDBANK to facilitate the loan process.


The LandBank i-STUDY program provides essential financial assistance for students during challenging times. 

By meeting the eligibility criteria and following the application process, students and their families can secure the necessary funds to support their education. 

For more details and to start your application, visit the nearest LANDBANK Lending Center.

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