1.

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.

2. 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.

3. How much can a member borrow?

A qualified Pag-IBIG member may borrow up to a maximum amount of Seven Hundred Fifty Thousand
Pesos (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 lower.
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 400,000

100%

Over 400,000 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 400,000 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. The borrower shall be given the option
to choose the succeeding re-pricing period, whether it will be every three (3), five (5), ten (10) or fifteen (15) years.
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?

A non-refundable processing fee of 1,000.00 is collected upon filing of loan application and an additional 2,000.00
upon loan take-out/approval.

8. What are the requirements?

For the checklist of requirements, choose Benefits and Program on the sites homepage, then 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, click E-Services on the sites
homepage, then click Housing Loan Application or you may go to the Pag-IBIG NCR/Regional Branch that has
territorial jurisdiction over the property subject of the loan.

10. What is the Processing Time?

Provided the borrrower has submitted all the necessary requirements, the regular processing time for a
housing loan application is 15 working days.
Contents last updated on November 3, 2013.