Guide on Pag-IBIG Housing Loan 2023 — Here’s How Much You May Borrow
PAG-IBIG HOUSING LOAN 2023 – You can check the details below for the minimum and maximum loanable amounts under the offer.
Are you a Pag-IBIG Fund member who has yet to have your own house? Maybe it is time for you to get your own residential property that will shelter you and your family come rain or shine. Your membership can help you achieve the goal in an affordable way.
Aside from the Pag-IBIG Multi-Purpose Loan 2023 offer, the government agency also offers the Pag-IBIG House Loan. Undeniably, the Fund is most popular for this type of offer that has helped countless Filipinos get a residential property not only for themselves but also for their families.
Millions of Filipinos are members of the Pag-IBIG Fund. These are employed and self-employed individuals, overseas Filipino workers (OFWs), and voluntary members among others. To qualify for the Housing Loan offer of the government agency, the member-borrower must meet the following eligibility criteria:
- active member with least 24 months savings
- not more than 65 years old at the date of loan application
- not more than 70 years old at the date of loan maturity
- Legal capacity to acquire and encumber real property
- No Pag-IBIG housing loan foreclosed, cancelled, bought back, or voluntarily surrendered
- If with existing Pag-IBIG Housing account or Short Term Loan (STL), payments must be updated
Under the Pag-IBIG Housing Loan, the minimum loanable amount is not stated but you can borrow up to the maximum loanable amount of P6 million. All applications are subject to the approval of the government agency.
If you want to secure a huge loanable amount, the Pag-IBIG Fund allows up to three (3) members combining their accounts for a loan. You can repay the loan for up to 30 years thus light monthly installments is really possible.
The requirements in applying for the Pag-IBIG Fund loan offer depends on the purpose of application. You may refer to the lists below:
- For Lot Purchase — Pag-IBIG Housing Loan Requirements 2023 for Purchase of Lot
- For House Construction — Pag-IBIG Housing Loan Requirements 2023 for House Construction
- For Lot Purchase & House Construction — Pag-IBIG Housing Loan Requirements 2023 for Purchase of Lot with House Construction
- For Refinancing — Pag-IBIG Housing Loan Requirements 2023 for Refinancing
The application to Pag-IBIG Fund may take months. Meanwhile, its loan offer is undeniably one of the most affordable options most especially for middle range-earners and low-income individuals.
