Pag-IBIG Housing Loan Step-by-Step
The most affordable path to homeownership in the Philippines. Everything you need to know about qualifying, applying, and getting approved.
Why Pag-IBIG is your best option
Pag-IBIG offers housing loans at 5.75% annual interest — roughly half the rate of commercial bank loans (7–10%). Maximum loan amount is P6,000,000 with a term of up to 30 years. This makes monthly amortization significantly lower than bank alternatives.
Eligibility requirements
To qualify for a Pag-IBIG housing loan, you need:
- •At least 24 monthly Pag-IBIG contributions (not necessarily consecutive)
- •Not over 65 years old at the time of application
- •No outstanding Pag-IBIG housing loan
- •Legal capacity to acquire property
- •Adequate income to cover amortization (debt-to-income ratio assessed)
Tip
Start tracking your Pag-IBIG contributions now. After 24 months, you're eligible. The Contributions Tracker shows exactly how many months you have.
Required documents
Prepare these before visiting the Pag-IBIG office:
- •Housing Loan Application Form
- •Two valid government IDs
- •Proof of income: payslips (3 months), ITR, Certificate of Employment
- •Pag-IBIG loyalty card or MID number
- •Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT)
- •Current real estate tax receipt and tax declaration
- •Vicinity map and lot plan of the property
Sample computation
For a P2,000,000 property with 10% down payment and a 20-year loan at 5.75%:
- •Loan amount: P1,800,000
- •Monthly amortization: ~P12,636
- •Total amount paid over 20 years: ~P3,032,640
- •Compare with bank loan at 8%: monthly amortization ~P15,053 (P2,417 more per month)
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