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Pag-IBIG Housing Loan – Can I Pay for 24 Months Savings To Qualify?

Guide on Pag-IBIG Housing Loan Qualifications for Application

PAG-IBIG HOUSING LOAN – Here is a guide on whether or not you may pay for a lump sum 24 months savings to qualify for this Pag-IBIG Fund loan offer.

One of the biggest government agencies in the Philippines is Pag-IBIG Fund. Many Filipinos are members of the said agency that has a lot of offers for its members.

Every month, a member remits P100.00 to Pag-IBIG Fund as monthly savings. There is a decade-long proposal to increase the monthly contribution but it is put on hold now due to the COVID-19 crisis.

Accumulated monthly savings is part of the qualification in availing the offers of Pag-IBIG Fund. It has exclusive benefits for its members and as well as Pag-IBIG Fund loans.

Pag-IBIG Housing Loan

One of the most popular loan offers of the government agency is the Pag-IBIG Housing Loan. In fact, it is initially mainly known for the said loan offer to its members. It aims to help its member acquire affordable housing loan options.

There are qualifications in applying for the said loan offer. To be eligible to apply for it, the applicant must:

  • have paid at least 24 months savings
  • not be more than 65 years old upon the loan application and not more than 70 years old upon the loan maturity
  • have the legal capacity to acquire and “encumber real property”
  • have passed the satisfactory background and employment checking of Pag-IBIG Fund
  • have no outstanding Pag-IBIG Fund Short Term Loan (STL) in arrears at the time of the application
  • have no foreclosed Pag-IBIG Home Loan

In case you have not reached the required 24 months savings in applying for Pag-IBIG Housing Loan, according to the government agency, a lump sum payment is allowed to qualify for the loan offer.

You may apply for this Pag-IBIG loan offer online now amid the COVID-19 pandemic. Feel free to visit – Apply Pag-IBIG Housing Loan Online – Who May Apply For It Online.

Thank you for visiting our website. We hope we have helped you with regards to this savings program offered by the Pag-IBIG Fund. You may keep coming back for more informative guides and you may also visit other articles published in this finance website.

READ ALSO: PAG-IBIG FUND LOANS – Full List of Loans Offered By Pag-IBIG Fund

{ 9 comments… add one }
  • Liza R.Sale June 6, 2021, 3:18 pm

    Magkanu po pag hulogan every month good for 20yrs

  • Joan Poot Badiola-Quipid June 7, 2021, 7:33 am

    Good morning! I am actually one of those who have availed your housing loan and is currently paying for it. At the onset of the pandemic, i lost track of my payment status as i fear of going to Legazpi to transact f2f in offices. The only means i have is thru my gmail account which i submitted to PagIBIG. Unfortunately, i cannot access it anymore and so i have to switch to my new one
    [email protected]
    As a result, i do not receive the notifications/reminders pertaining to my loan account. I also have no idea as to how i may update my info for the office to reach me, until i saw this add. May i therefore seek assistance that my email account be updated so i may receive again important information and communication from your office. I also have arrears to settle ASAP so i hope i can be helped on this concern. Thank you so much and God bless.

  • Lilibeth Simporios Balbero July 11, 2021, 2:51 pm

    Can I qualify for a loan even if Ive no longer contributing my monthly premium?

  • Ludivina Lopez July 11, 2021, 2:54 pm

    I would like to apply for a housing loan , what are the requirements?

  • Kadir Samad Aslion July 11, 2021, 2:56 pm

    I want to but how is the procedures

  • Maricel Anoya Olan July 12, 2021, 4:03 am

    Im ofw i want to apply housing loan ..how to apply???

  • Maricel Anoya Olan July 12, 2021, 4:04 am

    Im ofw i want to apply housing loan

  • Maricel Anoya Olan July 12, 2021, 4:07 am

    Im ofw i want to apply housing loan

    Im ofw i want to apply housing loan

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