Are you planning to buy a house soon? Have you considered getting one through a Pag-IBIG housing loan?
Here are some facts and figures that could help you decide on availing a real estate property through your Pag-IBIG membership.
- Lower interest rates for Regular Housing Loan
Effective February 14, 2018, the Pag-IBIG began offering home loan interest rates for as low as 5.67% per annum (from 5.5%) for a 1-year fixing period, and 6.37% per annum (from 6.5%) for a 3-year fixing period. This applies to members who are willing to pay a 25% equity upfront.
Members can borrow up to P6-million, depending on their monthly salary and the loan may be payable up to 30 years.
Pag-IBIG boasts that their interest rates are at an all-time low this year (2018) and therefore, is the best time to avail of a housing loan from the agency.
- More affordable pabahay for minimum-wage earners.
Lowest interest rate at 3% per annum.
Roughly P1,897.22 monthly amortization for the first five years of a P450,000 loan, over a 30-year repayment period).
For developer-assisted housing loans up to the prevailing maximum limit for socialized housing loan, the LTV ratio shall be 100% provided the developer’s License to Sell is for a socialized housing project and the loan purpose is for the purchase of a residential unit.
Longer loan term of up to 30 years.
Only 7 documents to apply!
- Pag-IBIG offers Online Housing Loan Application.
You have the option to submit your application online at http://www.pagibigfund.gov.ph/HousingLoan
- Housing Loan Programs Orientation
- Every Saturday at 2/F JELP Business Solutions Building, 409 Shaw Blvd., Mandaluyong City
- Every 2nd Saturday of the month at 3/F Lecture Hall B, Legislative Building, Quezon City Hall.
- Every 3rd Saturday of the month at Rizal Provincial Capitol Multi-purpose Hall, Antipolo City
All orientation programs run from 9Am to 11AM and are given for free to all interested housing loan applicants.
For more information about Pag-IBIG housing loans, you may call their hotline at 02-724-4244 or visit their website at www.pagibigfund.gov.ph