Guide on Pag-IBIG HEAL Loan Requirements You Must Prepare & Submit
PAG-IBIG HEAL LOAN REQUIREMENTS 2024 – Locally-employed members of the Pag-IBIG Fund may check here the documents required for application.
Many Filipinos are members of the Pag-IBIG Fund, one of the state agencies that is operating in the country for decades already. Its membership is open not only for Pinoys residing in the country but as well as overseas Filipino workers (OFWs).
The Pag-IBIG Fund has several loan offers for members with good account standing. Undeniably, it is most popular for its Pag-IBIG Housing Loan that can finance residential property acquisition, house construction, home renovation, and home loan take-out. It also offers a Multi-Purpose Loan as well as a Calamity Loan.
While the above-mentioned loans are the popular offers of the Fund, through the years, it has continuously grew its offers. It also has the Pag-IBIG Home Equity Appreciation Loan or the Pag-IBIG HEAL now which you may have yet to hear about.
The Pag-IBIG Home Equity Appreciation Loan is designed to assist the members with existing Housing Loan accounts in achieving their other goals like buying a car. The loan offer is open for the locally-employed, self-employed, and OFW members of the Fund.
What are the Pag-IBIG HEAL Loan requirements for application? The requirements may vary depending on the source of income of the member-borrower. If you are a locally-employed member of the Fund, here are the documents that you need to submit:
- 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 ID you can use in applying for the Home Equity Appreciation Loan offer of the Pag-IBIG Fund? You may choose from any of the following to include to your Pag-IBIG HEAL Loan requirements:
- 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.
As mentioned, the Pag-IBIG Fund has many other loans for its members.