Guide on Pag-IBIG Heal Loan 2025 Features & Application
PAG-IBIG HEAL LOAN 2025 – Do you have other goals but you are now limited by the payment you have to make in living in your dream house?
Are you one of the members of the Pag=IBIG Fund with a Housing Loan offer? You do not have to keep your other goals waiting. After five (5) years of paying for your Housing Loan, you may take the steps towards your other goals. It is buying a new car? Launching a business? Going on an international vacation?
The Pag-IBIG Fund, through the many Pag-IBIG loans that members may apply for, want the best life situations for its members. Thus, through the years, it has continually grow its offers.
Aside from the Pag-IBIG Housing Loan, Multi-Purpose Loan, and Calamity Loan, the Fund also has the Pag-IBIG Home Equity Loan or Pag-IBIG Heal Loan. It is designed for members with existing Housing Loan accounts who want to achieve their other goals in life.
The Pag-IBIG Home Equity Loan or Pag-IBIG Heal Loan is open to finance any of the following:
- fund a home improvement project
- additional working capital for business
- capital for livelihood
- pay educational fees
- cope with health and wellness expenses
- purchase appliances / furniture / electronic gadgets
- pay utility bills
- travel expenses
- other life goals
Who are qualified to apply for the Pag-IBIG Home Equity Loan or Pag-IBIG Heal Loan offer? The Fund has set some qualifications in applying for the offer. Here are the eligibility criteria that a member should meet:
- an active member, or with at least one (1) monthly membership savings within the last six (6) months
- not more than sixty-five (65) years old at the date of application and not more than seventy (70) years old at loan maturity
- having the legal capacity to acquire and encumber real property, whenever applicable
- having an existing Pag-IBIG Housing Loan that has been approved or taken out for at least five (5) years as of date of application
- The existing housing loan/installment account/s must have been paid regularly and on time, within the last twelve (12) months immediately prior to the date of application. This applies whether the borrower is a principal borrower/buyer or co-borrower of the loan.
- have passed the satisfactory background/credit and employment/business check of the Pag-IBIG Fund
- have no outstanding Pag-IBIG Short-Term Loan (STL) in arrears at the time of application. If STL is in arrears, it must be updated first.
With regards to the loanable amounts under the Pag-IBIG Heal Loan, according to the Fund, the borrowing amount may be “based on the net value” of the home. The offer is packed with low interest rates for the members.
In applying for the Pag-IBIG HEAL, the documentary requirements that you need to prepary depend if you are locally-salaried, non-salaried, or an overseas Filipino worker (OFW). Here is a guide: