Guide on Pag-IBIG Home Equity Appreciation Loan Requirements You Must Submit To Apply
PAG-IBIG HOME EQUITY APPRECIATION LOAN REQUIREMENTS – For locally-employed members of the Fund, here are the documents required for application.
Have you heard about the Pag-IBIG Home Equity Appreciation Loan? More popularly called HEAL, this loan offer is not as popular as the other offers of the Fund but it brings a huge advantage. It gives another access for a loan to existing Housing Loan borrowers of the Fund.
The state entity is most popular for its Pag-IBIG Housing Loan offer that finance a residential property acquisition, a house construction, a home renovation, a take-out of an existing home loan, or the combined loan purposes. If you are an existing Housing Loan borrower, you may apply for the loan to finance your other purposes.
Under the Pag-IBIG Home Equity Appreciation Loan, you may borrow some money based on the net value of the property mortgaged to the Fund. It is open for locally-employed members of the Fund. Here are the documents required from the locally-salaried members who want to apply for the loan offer:
- duly-accomplished Pag-IBIG Home Equity Appreciation Loan (HQP-HLF-858)_V01
- duly-accomplished Pag-IBIG Home Equity Appreciation Loan, for co-borrower/s (HQP-HLF-868)_V01
- Proof of Income (any of the following):
- Certificate of Employment and Compensation (CEC), indicating the gross monthly income and monthly allowances or monthly monetary benefits received by the employee (1 original copy) duly signed by the authorized signatory of the employer
- atest Income Tax Return (ITR) for the year immediately preceding the date of loan application, with attached BIR Form No. 2316, duly acknowledged by the BIR or authorized representative of employer
- one (1) Month Payslip, within the last three (3) months prior to date of loan application with name and signature of the authorized signatory of employer
- one (1) valid I.D.
- updated Real Estate Tax Receipt/s as of the quarter immediately preceding the date of application
- Health Statement Forms
- Conformity Form for New/Subsequent Housing Availment (HLF409_V03), for co-borrowers who need to express their consent to the new HEAL application
With regards to the identification cards or documents, there is a quite long list that a member can choose from. You may submit any of the following:
- Philippine Identification (PhilID) Card
- Passportincluding those issued by foreign governments
- Driver’s License
- Professional Regulation Commission (PRC) ID
- National Bureau of Investigation (NBI) Clearance
- Police Clearance
- Postal ID
- Voter’s ID
- Tax Identification Number (TIN) ID
- Barangay Certificationor Barangay IDs or similar documents bearing picture of the Member
- Government Service Insurance System (GSIS) e-Card
- Social Security System (SSS) Card
- Senior Citizen Card
- Overseas Workers Welfare Administration(OWWA) ID
- Overseas Filipino WorkerID
- Seaman’s Book or Seafarer’s Identification and Record Book (SIRB)
- Alien Certification of Registration/Immigrant Certificate of Registration
- Government Office and GOCC ID, e.g. AFP ID, Pag-IBIG Fund Loyalty Card
- ID issued by the National Council on Disability Affairs (NCDA)
- Department of Social Welfare and Development (DSWD) Certification
- Integrated Bar of the Philippines ID
- Company ID issued by Private Entities or Institutions Registered with or supervised or regulated either by the BSP, SEC or IC
- PhilHealth Health Insurance Card ng Bayan.
How To Apply for Pag-IBIG Home Equity Appreciation Loan?
Step 1 — Prepare the Pag-IBIG Home Equity Appreciation Loan requirements for application.
Step 2 — Log in to your Virtual Pag-IBIG account and ytap/click the “Apply for and Manage Loans” button to start your application.
Step 3 — Key in your Pag-IBIG Housing Account Number (HAN) and other required information for us to assess your eligibility
Step 4 — Upload your requirements and submit them.
Step 5 — Pay the Pag-IBIG HEAL processing fee via Virtual Pag-IBIG or our accredited collecting partners such as the following:
- SM Business Service Centers
- SM Hypermarket
- Savemore
- Bayad Center and its authorized partners
- LANDBANK
- Metrobank
- ECPay (thru 7-Eleven stores and merchant partners)
- M Lhuillier
- CashPinas Moneygment App (Credit to Account, DragonPay, ECPay, PayPal and 7-Eleven stores)
- GCash (mobile payment)
Step 6 — Wait for your NOA or your Notice of Approval. The NOA and the other loan documents can be accessed online. You may also be notified by the Pag-IBIG Fund via text or email.
Step 7 — Download, print, and sign your post-approval requirements. Visit a branch of the Fund to complete your loan application.