Guide on Pag-IBIG Home Equity Appreciation Loan Requirements You Must Submit To Apply
PAG-IBIG HOME EQUITY APPRECIATION LOAN REQUIREMENTS – For self-employed members of the Fund, here are the documents required for application.
The Pag-IBIG Fund is one of the state entities that is operating in the Philippines for decades already. It has millions of members from across the nation as well as members in the different countries abroad.
The Fund is most popular for the Pag-IBIG Housing Loan offer. It can lend you up to P6 million for the purpose of financing any of the following:
- residential property acquisition
- house construction
- home renovation
- home loan take-out
- combined loan purposes
Truth be told that many individuals who have acquired the Housing Loan ran out of budget for their other goals. There might be many expenses before, during, and after getting a house built.
Meanwhile, the Pag-IBIG Home Equity Appreciation Loan or the HEAL gives you an access to cash for your other goals. It is based on the net value of the property you mortgaged to the Fund.
The Pag-IBIG Home Equity Appreciation Loan or HEAL is open not only for locally-employed individuals who are Housing Loan borrowers but as well as the self-employed individuals. Here are the requirements for the self-employed Housing Loan borrowers who wish to apply for the HEAL:
- 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:
- ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
- Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
- Bank Statements or passbook for the last 12 months (in case income is sourced from foreign remittances, pensions, etc.)
- Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
- Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs)
- Certificate of Engagement issued by owner of business
- Other document that would validate source of income
- 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 document or card accepted by the Fund as a proof of identity, here is a list of the IDs that can be presented within their validity period:
- 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 — Get your Pag-IBIG Home Equity Appreciation Loan requirements for application ready. Make sure your ID is within its validity period.
Step 2 — Access your Virtual Pag-IBIG account and tap/click the “Apply for and Manage Loans” to begin your loan application.
Step 3 — Enter 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 for 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 Notice of Approval (NOA). The NOA and the other loan documents are accessible online. The Pag-IBIG Fund may also notify you about your documents 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.