Pag-IBIG Home Equity Appreciation Loan Requirements for OFW Members

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Guide on Pag-IBIG Home Equity Appreciation Loan Requirements You Must Submit To Apply

PAG-IBIG HOME EQUITY APPRECIATION LOAN REQUIREMENTS – For overseas Filipino worker (OFW) members of the Fund, here are the documents required for application.

Have you heard that some Housing Loan borrowers of the Pag-IBIG Fund have availed another loan that helped them obtain cash for another goa? Yes, it is now possible through the HEAL offer of the Fund.

Pag-IBIG Home Equity Appreciation Loan Requirements
Photo from Lamudi

The Pag-IBIG Housing Loan is undeniably the most popular loan offer of the Fund. For decades now, the Fund has been a turn to of countless members in its pursuit to finance a residential property acquisition, home renovation, house construction, or a home loan take-out. It is even open to finance a combination of loan purposes.

Pag-IBIG Fund
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However, truth be told that any of the aforementioned purposes under the Pag-IBIG Housing Loan offer may use up even your extra funds. This is true in most cases. Meanwhile, if you still have other goals, you can actually get some funds for them through the Pag-IBIG Home Equity Appreciation Loan.

Also called HEAL, the Pag-IBIG Home Equity Appreciation Loan was crafted for Housing Loan borrowers to have an access to another loan for their goals. The loanable amount depends on the net value of the property mortgaged to the Fund.

Who are qualified to apply for the HEAL? It is not only open for locally-employed and self-employed Housing Loan borrowers but as well as overseas Filipino workers (OFWs). Here are the documents that the Fund requires from OFW members for application:

  • 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:
    • Employment Contract:
      • Employment Contract between employee and employer; or
      • POEA Standard Contract
    • Notarized Certificate of Employment and Compensation (CEC)
      • CEC written on the Employer/Company’s official letterhead; or
      • CEC signed by employer (for household staff and similarly situated employees) supported by a photocopy of the employer’s ID or passport
  • 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

There is a long list of IDs that you can choose from on the ID to present for your application. Make sure that the document is within its validity period. Here’s a guide:

  • 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 — Check and get your Pag-IBIG Home Equity Appreciation Loan requirements for application ready. Take note of your Pag-IBIG Housing Account Number (HAN) as well.

Step 2 — Log in to your Virtual Pag-IBIG account. Click or Tao the “Apply for and Manage Loans” button to start your application.

Step 3 — Key in your HAN or your Pag-IBIG Housing Account Number and other required information for the Pag-IBIG Fund to check 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 loan documents including the NOA may be accessible 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.

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