Guide on How To Apply for Pag-IBIG Housing Loan / House Loan to HMDF Fund
PAG-IBIG HOUSING LOAN – Here is a simple guide on how to apply for a house loan to Pag-IBIG Fund.
Aside from the Pag-IBIG Salary Loan, another loan offered by the Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno (Pag-IBIG) Fund to its members is a house loan.
This loan offer is visibly in line with the goal of the government agency to provide affordable shelter financing to the Filipino people. Most working citizens are members of the said government agency and can avail the loan.
Are you interested in the Pag-IBIG Housing Loan? You may begin with checking on the purposes and the qualifications set by the Pag-IBIG Fund or Home Development Mutual Fund (HMDF) for the house loan.
To avail the Pag-IBIG Housing Loan, here is a list of the qualifications set for the house loan as posted on the government agency’s official website:
You may avail the Pag-IBIG Housing Loan for the purpose of any of the following:
- For the purchase of a residential lot area not more than 1,000 square meters
- For the purchase of residential property including a townhouse or a condominium unit with a parking lot
- For the construction or completion of a residential property
- For home improvement
- For refinancing
- For combined purposes like purchase of a residential lot and construction of the housing unit; refinancing and home improvement; purchase of a residential unit and improvement; and refinancing and construction
The applicant must be…
- a member of Pag-IBIG I, Pag-IBIG II or Pag-IBIG Overseas Program (POP) and has paid at least 24 months contribution (In case you have not reached it yet, you may pay a lump sum to avail the loan.)
- less than 65 years old at the time of loan application
- qualifying the legal capacity to acquire a real property
- free from outstanding Pag-IBIG loan as borrower or co-borrower and Pag-IBIG multi-purpose loan and has good records
- earning not more than Php 17,500.00 gross monthly income
How to Apply for the Pag-IBIG Housing Loan?
Step 1 – Obtain a copy of the Housing Loan Application Form from the nearest Pag-IBIG Fund office or branch office.
Step 2 – Provide factual and accurate information to the Housing Loan Application Form and prepare all the needed requirements.
For the full list of requirements, visit – Pag-IBIG Fund Housing Loan Requirements.
Step 3 – Submit your duly-accomplished Pag-IBIG Housing Loan Form together with all the other requirements to the Pag-IBIG Fund office where you wish to apply for the loan.
Step 4 – The receiving personnel of Pag-IBIG Fund will be checking your qualification and all your documents. You will be assisted with the processing procedure depending on the office.
Thank you for visiting our website. Hopefully, we have helped you on how you may apply for a house loan offered by Pag-IBIG Fund.
How much is loanable under the Pag-IBIG Housing Loan offer?
According to Coins, the loanable amount under the housing loan offer depends on the monthly contribution of the member. Here is a list of the maximum loanable amounts based on membership contribution per month:
Membership Contribution: Php 200.00 per month
Loanable Amount: Up to Php 500,000.00
Membership Contribution: Php 250.00 per month
Loanable Amount: Up to Php 600,000.00
Membership Contribution: Php 300.00 per month
Loanable Amount: Up to Php 700,000.00
Membership Contribution: Php 350.00 per month
Loanable Amount: Up to Php 750,000.00
Membership Contribution: Php 400.00 per month
Loanable Amount: Up to Php 900,000.00
Membership Contribution: Php 450.00 per month
Loanable Amount: Up to Php 1,000,000.00
Membership Contribution: Php 500.00 per month
Loanable Amount: Up to Php 1,100,000.00
Membership Contribution: Php 550.00 per month
Loanable Amount: Up to Php 1,200,000.00
Membership Contribution: Php 600.00 per month
Loanable Amount: Up to Php 1,300,000.00
Membership Contribution: Php 650.00 per month
Loanable Amount: Up to Php 1,400,000.00
Membership Contribution: Php 700.00 per month
Loanable Amount: Up to Php 1,500,000.00
Membership Contribution: Php 750.00 per month
Loanable Amount: Up to Php 1,600,000.00
Membership Contribution: Php 800.00 per month
Loanable Amount: Up to Php 1,700,000.00
Membership Contribution: Php 850.00 per month
Loanable Amount: Up to Php 1,800,000.00
Membership Contribution: Php 900.00 per month
Loanable Amount: Up to Php 1,900,000.00
Membership Contribution: Php 950.00 per month
Loanable Amount: Up to Php 2,000,000.00
Membership Contribution: Php 1,000.00 per month
Loanable Amount: Up to Php 2,100,000.00
Membership Contribution: Php 1,500.00 per month
Loanable Amount: Up to Php 3,100,000.00
Membership Contribution: Php 2,000.00 per month
Loanable Amount: Up to Php 4,100,000.00
Membership Contribution: Php 2,500.00 per month
Loanable Amount: Up to Php 5,100,000.00
Membership Contribution: Php 2,950.00 per month
Loanable Amount: Up to Php 6,000,000.00
READ ALSO: PAG-IBIG LOAN REQUIREMENTS: List of Requirements for Salary Loan