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1.

What are the loan purposes?


The Pag-IBIG housing loan may be used to finance any one of the following:
Purchase of a fully developed residential lot or adjoining lots not exceeding 1,000 square meters;
Purchase of a residential house and lot, townhouse, or condominium unit;
Construction or completion of a residential unit on a lot owned by the member.

2. Who are eligible to apply for Affordable Housing Program?


The program may be availed of by members who satisfy the following requirements:
Must have remitted 24 monthly contributions under Pag-IBIG I Membership Program. New members may pay
the 24 monthly membership contributions in lump sum, corresponding to the loan amount applied for;
Has a gross monthly income not exceeding 17,500.00 for those working in the NCR and 14,000.00 for
workers in other regions;
Not more than 65 years old;
Has no outstanding Pag-IBIG housing loan;
Has no outstanding multi-purpose loan in arrears;
Had no Pag-IBIG housing loan that was foreclosed, cancelled, bought back due to default or subjected to Dacion
en Pago.

3. How much can a member borrow?


A qualified Pag-IBIG member may borrow up to a maximum amount of 750,000.00, depending on the
members actual need, his loan entitlement based on gross monthly income, his loan entitlement based on
capacity to pay, and the loan-to-appraisal value ratio, whichever is the lowest.
A maximum of three (3) qualified Pag-IBIG members may be tacked into a single loan provided they are related
within the second civil degree of consanguinity or affinity.

4. What is the loan to appraisal value ratio?



The loan to appraisal value ratio is:
Loan Amount

Loan-to-Appraisal Value Ratio

Up to 450,000

100%

Over 450,000 to 750,000

90%

5. What are the interest rates


For the first ten years of the loan, interest rate for loans of up to 450,000 is 4.5% provided the gross monthly income
is 15,000 for those working in the NCR and 12,000 for workers in other regions. For loans of up to 750,000, the
interest rate is 6.5%, provided the gross monthly income for those working in the NCR is not more than 17,500, and
not more than 14,000 for workers in other regions.
At the end of the ten-year period, the interest rate shall be re-priced based on the prevailing interest rate in the Funds
pricing framework or it shall be increased by 2%, whichever is lower. Said interest rates shall be re-priced periodically
depending on the chosen fixed pricing period of the borrower. The base rate for succeeding re-pricing shall be the
interest rate for the immediately preceding re-pricing period.

6. How long is the repayment term?


The maximum repayment period for the loan is thirty (30) years.

7. Are there any charges collected?


The borrower shall pay a processing fee of 3,000: 1,000 is paid upon filing of the loan application and the remaining
2,000 will be paid upon loan takeout.

8. What are the requirements?


For the checklist of requirements, choose Benefits and Programs on the Pag-IBIG Fund websites homepage, click
Housing Loan Program, then click Requirements under Housing Loan Availment.

9. Where to file Housing Loan Application?


Housing loan application may be filed online at www.pagibigfund.gov.ph, by clicking E-Services on the PagIBIG Fund websites homepage, then clicking Housing Loan Application.
Housing Loan applicants may also go to the Pag-IBIG NCR/Regional Branch that has territorial jurisdiction over
over the property subject of the loan.

10. What is the Processing Time?



The regular processing time for a housing loan application is fifteen (15) working days, provided the borrower has
submitted all the necessary requirements.
Contents last updated on July 28, 2014

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