Professional Documents
Culture Documents
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.
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.
Up to 450,000
100%
90%
The maximum repayment period for the loan is thirty (30) years.
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.
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.
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