Guide on Pag-IBIG HEAL Loan Requirements You Must Prepare & Submit
PAG-IBIG HEAL LOAN REQUIREMENTS 2024 – Self-employed members of the Pag-IBIG Fund may check here the documents required for application.
Are you one of the members of the Pag-IBIG Fund? Undeniably, if you are a Filipino, one wise move you can make is to maintain an active membership to the state entities that provide benefit and loan offers like the Pag-IBIG Fund. In this way, you have a safety net in several situations.
The Pag-IBIG Fund is known for its many loans that members may apply for. The Pag-IBIG Housing Loan has helped countless Filipinos achieve a house of their own under low monthly amortizations. However, truth be told that not everyone is financially-prepared enough to reach for their other goals while paying for a Housing Loan.
To help the members with an existing Housing Loan reach for their other goals, the Fund has crafted the Pag-IBIG Home Equity Appreciation Loan or HEAL.
Under the Pag-IBIG Home Equity Appreciation Loan or HEA, members of the Pag-IBIG Fund with an existing Housing Loan account in good standing may have access to funds for their other goals. It is open for Housing Loan member-borrowers who have paid at least five (5) years of their monthly amortization.
The Pag-IBIG HEAL is open not only for the locally-employed members of the Fund but as well as the self-employed members. In the case of the self-employed members who want to apply for the loan offer, here are the Pag-IBIG HEAL requirements 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:
- 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
To apply for the loan, you need to submit a valid ID as a proof of identity which also happens in other loan offers’ application. You may choose from the following in completing the Pag-IBIG HEAL requirements for application:
- 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.