Pag-IBIG housing loan calculator

• Late amortization: 1/20 of 1% of the unpaid amount for every day of delay (Circular No. 396). On a ₱12,641.36 amortization that is ₱6.32 a day, about ₱189.62 for 30 days. One month's amortization is set aside from the loan proceeds as a Housing Loan Reserve Payment and, if unused, is credited to your last amortization; Pag-IBIG says it keeps your insurance active and guards against late-payment penalties during an unforeseen delay. Pay through salary deduction, post-dated checks or auto-debit so the due date is never missed.
• Applying for more than your income supports. Pag-IBIG approves the lowest of your need, the amount you ask for, your capacity to pay and the loan-to-appraised value. Size the loan in the calculator first so the approved amount matches your plan.

Pag-IBIG Housing Loan page

Before you start

• 24 monthly Pag-IBIG savings (a lump-sum payment of the missing months is allowed).
• The property details: title (TCT or CCT), tax declaration and the Contract to Sell or similar agreement with the seller.
• Proof of income and a government ID for you and any co-borrower, from the list below.
• ₱1,000 for the processing fee and ₱2,000 for the appraisal fee, which you may be asked to pay when you file.

Filing route: Submit the accomplished form and requirements at any Pag-IBIG Fund branch or through the accredited developer you are buying from. You can start the application in Virtual Pag-IBIG. In Virtual Pag-IBIG: click the Apply for or Manage Loans tab and choose Apply for a Housing Loan.

Steps

1. Submit the accomplished Housing Loan Application and the requirements at the nearest Pag-IBIG branch, or through your accredited developer; you may be asked to pay the ₱1,000 processing fee and ₱2,000 appraisal fee.
2. Wait for Pag-IBIG to schedule the inspection of the property. You receive an SMS and a call from Pag-IBIG Fund with the inspection schedule.
3. Wait for the result after the inspection. The result arrives by SMS and email at your registered number and address.
4. If approved, claim your Notice of Approval (NOA) and loan documents at the branch, read and sign them, and submit the NOA requirements within 90 calendar days. If disapproved, you get a Notice of Disapproval (NOD) instead; read the reason and comply with its requirements within 30 calendar days.
5. Wait for the release of the loan proceeds. You and the seller each receive an SMS and email that the proceeds are available for release.
6. Start paying your amortization through Pag-IBIG's payment partners. Your Monthly Billing Statement arrives by mail, or by email if you enrol in paperless billing.

Pag-IBIG, Purchase a residential unit: Steps to Apply

Documents

Requirements below are Pag-IBIG's list for buying a house and lot, townhouse or condominium unit from an individual seller. Developer, construction and refinancing loans have their own lists.

1. Two copies of the Housing Loan Application (HQP-HLF-068), with a recent 1x1 ID photo of the borrower and any co-borrower
2. Proof of income, employed: a Certificate of Employment and Compensation, or your latest ITR with BIR Form 2316, or one payslip from the last 3 months
3. Proof of income, self-employed: ITR (BIR Form 1701) with audited financial statements and tax receipt, DTI registration and business permit, or another listed income document
4. One Philippine government valid ID with signature (photocopy, back to back) for the borrower, spouse, co-borrower and co-borrower's spouse
5. Two complete photocopies of the latest title (TCT or CCT) of the property
6. Updated tax declaration and real estate tax receipts, two photocopies
7. Contract to Sell or similar agreement with the seller, one original
8. Vicinity map or sketch of the property, one original
9. Health Statement Form if you are over 60 or the loan is over ₱2 million

The property: A residential lot needs at least 28 square meters, an access road at least 1.5 meters wide and a frontage of at least 3.5 meters; a condominium unit needs at least 18 square meters; the title must be free from liens and encumbrances.

Form: HQP-HLF-068 Housing Loan Application (V09, 03/2024). Pag-IBIG, Purchase a residential unit: Loan Application Requirements

Who can apply

• At least 24 monthly membership savings (a lump-sum payment of the required savings is allowed)
• Not more than 65 years old when you apply and not more than 70 at loan maturity
• Legal capacity to acquire and encumber real property
• Pass Pag-IBIG's background, credit and employment or business checks
• No Pag-IBIG short-term loan in arrears, and no Pag-IBIG housing loan that was foreclosed, cancelled, bought back for default or settled by dacion en pago

Your regular Pag-IBIG contribution counts toward the 24 monthly savings, and missing months can be paid in a lump sum. Circular No. 396

For a title, tax or contract question on the property, ask a lawyer or the Registry of Deeds; for your own application or billing, contact Pag-IBIG Fund at contactus@pagibigfund.gov.ph or your nearest branch. Pag-IBIG contact details

Buying the property brings taxes that the loan does not cover. The sale of a house and lot is taxed with documentary stamp tax on the deed, and capital gains tax (or creditable withholding tax when the seller sells in the course of business), plus the local transfer tax; the deed of sale says who pays which. Once the title is yours, real property tax is due every year.

• Documentary stamp tax calculator
• Capital gains tax calculator
• Real property tax calculator