Raya Garden in ParaƱaque City, Metro Manila
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Financing

In-House

Direct Bank

Regular Bank

Bank Financing For High-Rise Condo

Requirements

Bank Financing Process

Pag-IBIG

 

 

Pag-IBIG Financing

The Pag-IBIG housing loan may be used to finance any of the following:

Borrower Eligibility

Loan Amount

Maximum of P2M, which shall be based on the lowest of the following:

Loan Entitlement Based on Pag-Ibig Contributions

Loan Entitlement Based on Capacity to Pay

Shall be limited to an amount for which the monthly amortization shall not exceed 40% of the member's Net Disposable Income (NDI).

Tacking Provision

Maximum of three (3) qualified Pag-Ibig members who are related within the first civil degree of consanguinity or affinity. Ex:

Interest Rate

Loan Package Interest Rate
Up to 300T 6%
Over 300T - 750T 7%
Over 750T - 2M 10.5%

Repricing

Loan Package Interest Rate
Over 300T - 750T 9%
Over 750T - 2M 12.5%

Loan Term

Membership Program Pag-IBIG I, II & POP

Loan Bracket Term
Up to 2M Maximum of 30 years

Insurance

Mortgage Redemption Insurance (MRI)

Fire and Allied Perils Insurance

Second Availment

A Pag-IBIG member may avail himself of a second Pag-IBIG housing loan provided he has fully paid his first housing loan, whether as a principal borrower or as a co-borrower.

Additional Loan

A qualified Pag-IBIG member who has an existing housing loan may avail himself of an additional housing loan for the following purposes:

Loan Charges

Pag-IBIG Financing Requirements

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