Pag-IBIG Housing Loan Interest Rate 2023 — A Guide for Member-Borrowers

Details about the Pag-IBIG Housing Loan Interest Rate 2023 based on Fixing Period

PAG-IBIG HOUSING LOAN INTEREST RATE 2023 – Here is a guide for the member-borrowers of the Pag-IBIG Fund on the loan interest.

In the Philipines, the Pag-IBIG Fund remains to be the most popular government agency when it comes to Housing Loans. It has helped countless Filipinos acquire residential properties in pocket-friendly ways.

Pag-IBIG Housing Loan Interest Rate 2023
Photo Credit: Medium

The Pag-IBIG Housing Loan offer is open to finance a purchase of a vacant lot or a residential unit, house construction, home renovation, lot purchase with house construction, and refinancing of an existing home loan. It is open for members who have posted at least 24 monthly savings with good account records.

Pag-IBIG Fund
Photo Credit: iMoney

The Fund has not set the minimum loanable amount under the Pag-IBIG Housing Loan 2023 but it has the maximum amount allowed for borrowing. You can repay the amount you borrowed for up to 30 years paving the way for low monthly amortizations.

The Pag-IBIG Housing Loan Interest Rate 2023 is actually based on the repricing period that you choose. Meanwhile, the government agency makes sure that the interest rates are not a big burden to the borrowers as it is in the pursuit of helping its members acquire a residential property.

Here is a list of the Pag-IBIG Housing Loan Interest Rate 2023 per repricing period:

1-Year Fixing5.750%
3-Year Fixing6.375%
5-Year Fixing6.625%
10-Year Fixing7.375%
15-Year Fixing8.000%
20-Year Fixing8.625%
25-Year Fixing9.375%
30-Year Fixing10.000%

The Pag-IBIG Fund has several accredited local remittance collection partners as well as overseas remittance collection partners. You may refer to the list below on where you can pay for your loan monthly amortization:

Local Remittance Collection Partners

  • Asia United Bank (AUB)
  • Landbank
  • Globe GCash
  • CashPinas
  • SM Bills Pay
  • Bayad Center
  • UCPB
  • Maya
  • Metrobank
  • ECPay
  • M Lhuillier

Overseas Remittance Collection Partner

  • iREMIT
  • Asia United Bank (AUB)
  • Ventaja PayRemit
  • CashPinas
  • PNB

The requirements in applying for the Pag-IBIG Housing Loan offer vary depending on the purpose of applying for the loan. You can check the reference provided below to see the list of documents needed in applying for the loan offer:

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