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Money Matters

Here’s How To Apply For A Pag-IBIG Housing Loan

Unsure of how to go about your first home loan? This complete Pag-IBIG guide will clue you in on the requirements and application processes.

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Photography: Hans Fausto & Pixabay (Main Photos)

Congratulations! After months of house or condo hunting, you’ve finally found the one. Now it’s time to take it to the next level with the L-letter word: Loan.

One popular housing loan is the Home Development Mutual Fund (HDMF), or much more commonly known as the Pag-IBIG (Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno) Fund. It is the country’s national savings program that aims to help Filipino workers afford shelter financing.

Pag-IBIG Fund offers a variety of housing loan depending on your needs and capacity to pay. For instance, they have the Pag-IBIG Fund Affordable Housing Program, a more affordable type of loan exclusively offered to minimum-wage earning members with a gross monthly income not exceeding P17,500. And if you need support only for a minor home improvement or renovation project, you may want to avail of their Multi-purpose Loan with a smaller loanable amount and much shorter loan term of 24 months.

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Here, we’ll give you a rundown of the eligibility, basic requirements and the steps for the standard housing loan for end-user financing. Note that this feature serves as a basic guide for planning purposes only. It would be best to consult the Pag-IBIG Fund or visit their nearest branch to address your specific concerns.   

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Who are eligible to avail of the Housing Loan?

All active Pag-IBIG Fund members, including OFWs, may avail of the loan provided they meet the following:  

  • Must be a Pag-IBIG Fund member with contribution of at least 24 months. The lump sum payment of the required monthly contribution is allowed.
  • Not more than 65 years old at the date of application, and not more than 70 years old at loan maturity.
  • Has the legal capacity to acquire and encumber real property.
  • Has passed satisfactory background/credit and employment/business checks of the Pag-IBIG Fund.
  • Has no outstanding Pag-IBIG housing loan, either as a principal borrower or co-borrower. 
  • Has no outstanding Pag-IBIG multi-purpose loan in arrears at the time of loan application.
  • Has no Pag-IBIG housing loan that was foreclosed, cancelled, bought back due to default, or subjected to dacion en pago (giving back the property mortgaged to the lender). If with an existing Pag-IBIG loan, either as principal or co-borrower, it must be updated.
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How much money can I loan? The maximum loanable amount is P6 million.

How long is the loan term? The loan is payable for a maximum of 30 years.

What are the basic loan requirements?

  • Accomplished Housing Loan Application (HLA) with recent ID photo of borrower or co-borrower.
  • Proof of income.
  • One valid ID (photocopy, back-to-back) of Principal Borrower and Spouse, Co-borrower and Spouse, Seller and Spouse and Developer’s Authorized Representative and Attorney-In-Fact, if applicable.
  • Latest title and Certified True Copy of Transfer Certificate of Title (TCT). For condominium unit, present TCT of the land and Condominium Certificate of Title (CTC).
  • Updated Tax Declaration and Updated Real Estate Tax Receipt.
  • Contract-to-Sell or similar agreement between the buyer and seller.
  • Vicinity map or sketch of the property.
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These are the basic requirements, though you should read the comprehensive checklist of requirements here. 



Here’s how to go about the application process:

  • Secure a schedule online for submitting your HLA and supporting documents, or personally lodge your application over the counter at any Pag-IBIG branch office. Note that there is a special lane dedicated to those with an online schedule, and are prioritized over walk-in applicants.
  • Submit HLA with complete requirements, and pay the non-refundable processing fee of P1,000.00.
  • Wait for the Notice of Loan Approval or Letter of Guarantee and sign the loan documents.
  • Proceed to (a) Bureau of Internal Revenue for payment of documentary stamps and capital gains tax, (b) Registry of Deeds for transfer of the title and annotation of mortgage.
  • Submit the Original Transfer Certificate Title—in the name of the applicant with annotated mortgage—for the release of loan proceeds.
  • Pay the first monthly amortization on the month immediately following the final loan release.
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For more information, check out the FAQs on Pag-IBIG end-user Home Financing program (as of January 2018).

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