Guide on Pag-IBIG Housing Loan Online Application Requirements You Must Prepare
PAG-IBIG HOUSING LOAN ONLINE APPLICATION – Here is a guide on the requirements you need to prepare in applying for Pag-IBIG Housing Loan.
One of the best purchases or goals you can achieve is by having your own house and lot. It can be a bungalow house, an apartment-type, or simply a vacant lot where you can build your dream house for yourself and your family. As long as it is something you can call yours, it is already a big thing.
However, truth be told that a residential property purchase requires a huge amount of money. Not everyone is ready for it most especially if the monthly salary is quite close to the expenses that must be covered in a month. This is usually true for those who are working not just for themselves but for their family.
Meanwhile, there are options that you can turn to. If you are working, you are surely a member of certain government agencies that have a lot of offers and privileges for their active members. It is one good move to avail of their offers or make use of the fund you have contributed for years.
If you are a member of Pag-IBIG Fund, there is a huge chance that you can turn to the government agency in case you want to acquire a residential property but you need some financial assistance. It will depend on your total monthly contribution to the agency.
Do you want to check if you are qualified to apply for a housing loan to the agency? You may visit – PAG-IBIG HOUSING LOAN – Who Are Eligible To Apply For It.
Due to the COVID-19 pandemic nowadays, several companies and agencies including the Pag-IBIG Fund looked for ways on how to continue delivering their services to their members. They put up an online platform where members can avail their services.
In the case of Pag-IBIG Fund, you may now apply for a loan even without going to a branch office of the government agency. You can do it online but you have to prepare the requirements or documents needed first. Here’s a list of the things you need to prepare in applying for a housing loan online.
- Duly-accomplished Pag-IBIG Housing Loan Application with your “1×1” ID photo
- Proof of Income
- For locally employed…
- “Notarized Certificate of Employment and Compensation (CEC) Indicating the gross monthly income and monthly allowances or monthly monetary benefits received by the employee.
- Latest Income Tax Return (ITR) For the year immediately preceding the date of loan application with attached BIR Form No. 2316 stamped received by the BIR.
- Certified One (1) Month Payslip Within the last three (3) months prior to date of loan application.”
- For self-employed…
- “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”
- For overseas Filipino workers (OFWs)…
- Employment Contract:
- Employment Contract between employee and employer; or
- POEA Standard Contract
- Certificate of Employment and Compensation
- 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
- Employment Contract:
- Income Tax Return filed with Host Country/Government
- For locally employed…
- One valid ID with signature
- Selfie photo showing your ID card
Pag-IBIG Fund has set a requirement on the income depending on the member-borrower’s target property. To check on it, you may visit – Pag-IBIG Housing Loan – How Much Is the Required Income Based on Target Property.
Thank you for visiting our website. Hopefully, we have helped you on the requirements for a house loan offered by Pag-IBIG Fund.
READ ALSO: PAG-IBIG HOUSING LOAN – How To Apply For This Loan Offer Online
