LANDBANK provides interest rate subsidy to LGUs

As part of measures to help communities bounce back from the impact of the COVID-19 pandemic, the Philippine government, through state-run Land Bank of the Philippines (LANDBANK), is providing an interest rate subsidy of 2% per annum on new and existing loans of Local Government Units (LGUs) for their response and recovery intervention projects for their constituents. LANDBANK has been allotted a P1-billion interest subsidy fund by the national government for loans secured by LGUs.


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