▪ Cities and Highly Urbanized LGUs
▪ Other entities with proposed viable technology projects in city or in highly urbanized LGUs like SMEs, corporations, coops/associations, GOCCs/GAs with borrowing authority and NGOs with legal personality to borrow

▪ Project preparation, Research and Development Expenses, policy and framework planning
▪ Working Capital
▪ Permanent Working Capital
▪ Capital Expenditures

▪ Up to 90% for LGUs/GOCCs/GAs, depending on the borrowing capacity
▪ Up to 80% for private borrowers

▪ Prevailing LANDBANK interest rate at the time of availment

▪ Business Permit
▪ Copy of Articles of Incorporation and By-laws/SEC/DTI Registration
▪ Pre/Feasibility Study, if applicable
▪ Business Plan
▪ Financial Documents
➢ For existing business; audited 3 years F/S, Interim F/S, projected income statement, balance sheet and cash flow assumptions
➢ For start-up businesses; projected financial statement, balance sheet and cash flow with basic assumption

▪ Valid certificates/permits/licenses/clearances from government entities
▪ Brief History of Business

SMART in City Development is LANDBANK’s loan program for projects that aim to make urban living safer and more convenient by using advanced technologies like internet of things (IoT), automation, and AI in line with the 4th industrial revolution.

Cities and highly urbanized local government units and other entities with proposed viable technology projects in a city and highly urbanized LGUs like SMEs, corporations, coops and associations, GOCCs and government agencies (GAs) with borrowing authority and NGOs with legal personality to borrow.

Eligible projects include any viable IoT, robotics or AI technology project that aims improve the quality of life in urban areas, promote sustainable environment or that would lead to a competitive economy. Eligible loan purpose includes project preparation, research and development expenses, policy and framework planning, working capital requirement permanent working capital and capital expenditures.

For private companies, up to 80% of the actual need or project cost. For LGUs, GOCCs, and government agencies, up to 90% for project cost.

For short term facilities, repayable within a year. For term loans, up to fifteen years depending on the project to be financed.