Pag-IBIG Fund Housing Loan 2023 — How To Apply & the Requirements

Guide on the Pag-IBIG Fund Housing Loan 2023 Application Process

PAG-IBIG FUND HOUSING LOAN 2023 – Outlined below are the steps in applying for the loan offer of the government fund to eligible members.

Are you looking for a loan offer that can help you get your dream house or, at least, a home you can call your own? If you are a member of the Pag-IBIG Fund, you can actually turn to the government agency for financial assistance.

Pag-IBIG Fund
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The Pag-IBIG Fund offers a Housing Loan that serves multiple purposes. You may apply for it for the financing of 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.

Pag-IBIG Fund Housing Loan 2023
Photo Credit: NoBroker

With regards to the loanable amounts under the Pag-IBIG Housing Loan 2023, the government has detailed the maximum borrowing amounts under the offer. The maximum loan term is 30 years.

With regards to the Pag-IBIG Housing Loan 2023 interest rate, it depends on the repricing period that you have chosen. If you are interested to apply for the Pag-IBIG Fund Housing Loan 2023 offer, here are the steps that you may borrow:

Step 1 – Ensure your Qualification to the Loan

Make sure you are qualified to the loan offer. The member-borrower must meet the following eligibility criteria for application:

  • 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
Step 2 – Prepare the Requirements

The requirements in applying for the Pag-IBIG Fund Housing Loan 2023 depends on the purpose of your loan application. Here’s a guide…

Step 3 – Go to the Pag-IBIG Fund

Visit a branch of the Pag-IBIG Fund in your area and submit your documents. Make sure to bring all the original copies for presentation to the Fund.

Step 4 – Wait for an Update

The Pag-IBIG Fund updates loan applicants regarding the status of their loan application.

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