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Pag-IBIG Fund loan calculator online in the Philippines in 2022. How to figure out the loan yourself? A handy tool that will show whether you can pay off a loan, help you choose lending with affordable payments.

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The Home Development Mutual Fund (HDMF), also known as the Pag-IBIG (Pagtutulungan sa Kinabukasan, Ikaw, Bangko, Industriya at Gobyerno) Fund, is a government-owned and monitored corporate entity that is responsible for the administration of the federal savings scheme and affordable housing financing for Filipinos.

The Pag-IBIG Fund was established by Presidential Decree No. 1530, signed by President Ferdinand E. Marcos on June 11, 1978, in response to the national need for a savings program and affordable home finance. Its original objective was to serve as a provident fund to encourage Filipinos to save. The fund was operated by the National Home Mortgage Finance Company (NHMFC), starting in March 1979. A government corporation is tasked with increasing house loan availability to Filipino workers.

The Pag-IBIG Fund's most popular program is its housing loans, which assist its members by providing affordable finance for their housing needs. HDMF achieves this through collaborating with local real estate developers and offering cheap loans for home purchasers (Pag-IBIG members).

The loan had a lower interest rate than the market rate and was due over an extended period. Pag-IBIG Fund provides a house loan with a low-interest rate of 4.5% (for a loan of ₱450,000) and a loan period of up to 30 years. A qualifying member is eligible for a loan of up to ₱6 million. They also have a loan calculator for the housing loan, which we will focus on in this article.

The Pag-IBIG loan calculator will estimate your monthly installment based on your principal balance, interest rate, and repayment term. When you take out a Pag-IBIG loan, you repay more than the loan amount. The monthly loan payment includes interest, which is the cost of borrowing money when the loan matures.

It isn't easy to assess the exact cost of your monthly payments with the different interest rates. You may not know the precise amount until you receive the loan. However, you should have a solid idea of your monthly payments before signing on the dotted line to ensure you don't borrow more than you can afford. Before you apply, you can use the Pag-IBIG loan calculator to determine the terms of your loan.

This loan calculator is a fantastic resource for any Pag-IBIG member wishing to acquire a loan. Input your loan details, such as the desired loan proceeds, your minimum gross monthly income, the loan length, the monthly installment payment schedule you like, and the total amount you would repay shows. Essentially, this can help you determine whether a loan is worthwhile. Note that other loans on the website, like the multi-purpose loan, the calamity loan, the short-term loan, the salary deduction loan, etc., do not have a loan calculator.

When a Filipino citizen has decided on a loan, they may go to the Pag-IBIG website and select the loan calculator. Then input the necessary information, such as the down payment amount, loan period, etc. Following that, the outcome will be displayed practically quickly.

First and foremost, you must specify what you want the calculator to accomplish, and then you will see the below inputs:

**Desired loan amount.**The desired loan amount is usually the principal amount, but it can also be the amount still owed on the loan. For example, the principal of a ₱1,000,000 Pag-IBIG loan is ₱1,000,000. The remaining primary loan is now ₱200,000 if you pay off ₱800,000. The principal influences how much you pay for a loan based on your interest rate. When you make monthly loan payments, the money is applied to your principal first, then to the collective interest charges. Paying down a loan's principal is the only way to reduce the amount of interest that accrues each month.

**Gross monthly income.**Individual gross income (sometimes known as gross pay on a paycheck) is the total earnings of an individual (primarily self-employed) before taxes or other deductions. This comprises all sources of income, not only labour, and is not limited to monetary earnings; it can also include property or services gained. Gross income is equivalent to gross margin or gross profit in the business world. As reported on the income statement, a corporation's gross income is the money from all sources less the firm's expenditures for items sold (COGS). The gross income is requested on a monthly basis in the Pag-IBIG loan calculator.**Estimated value of property.**This is the total cost of the property you intend to finance with the loan. The calculator can now calculate the maximum loan amount you are qualified for based on the price of the home you want to buy and your monthly income.**Preferred repayment period.**This refers to how much time you have to repay the debt. The longer the loan term, the lower your monthly payment, but the higher the overall interest paid. The shorter your loan term, the higher your loan EMI and the lower your general interest paid. For the Pag-IBIG housing loan, the bank provides terms of up to 30 years.**Preferred fixed pricing period.**The interest rate is the cost of borrowing money represented as a percentage of the total amount. The higher the percentage for a particular loan, the higher the amount you must repay. Even little changes in interest rates can have a significant impact. Keeping track of whether they rise, fall, or remain steady is vital. The tool will ask you how long you want your mortgage interest rate to stay fixed.

The outputs you will see while using the tool are listed below:

**Required minimum income.**The income necessary for your preferred loan amount is about the minimum monthly interest you are estimated to generate for your chosen loan terms. This implies that you must earn this much or more to be eligible for the terms you've chosen; otherwise, you'll have to change the inputs you've supplied before.**Principal and interest.**The principal and interest payment on a mortgage is most likely the bulk of your monthly mortgage payment. The principal is the amount you borrowed and must repay, while interest is the fee charged by Pag-IBIG for lending you the money. Most borrowers' monthly payment to their mortgage company includes items such as market vendors association, appraisal fee, updated tax declaration, homeowners insurance, and taxes, which may be stored in an escrow account.**Monthly amortization.**This monthly payment is made to Pag-IBIG on a specific calendar day each month to fulfill their commitment. Monthly amortizations pay the interest rate and principal until the loan is paid off fully over a specified period. Following the entry of all necessary information, such as loan amount, loan length, and interest rate, the monthly payment will be presented instantaneously, displaying the amount you must pay at the end of each month.**Highest loanable amount.**This is the maximum loan amount or the total amount a borrower is permitted to borrow on a Pag-IBIG mortgage. When establishing the maximum loan amount, the lender considers an applicant's debt-to-income ratio, credit history, and financial profile.**Estimated equity.**This is another way of saying downpayment. The more your equity in the home, the more serious you are about repaying the debt. If you paid 30% of the purchase price before securing a loan, you own 30% of the property. The lender holds the remaining 70%. When you pay off your debt, your equity builds over time.**Gross monthly income.**This is the needed minimum gross income to borrow up to the estimated value of your chosen property.**Appraised value of the property.**An appraised value, often known as a mortgage valuation, is the assessed worth of real estate in the judgment of a certified appraiser or valuer. Pag-IBIG commonly utilizes it as a pre-qualification and risk-based pricing component in issuing mortgage loans.

Apart from calculating the terms of a loan, applicants must be sure they fulfill all the loan requirements before going on to get the housing loan application form. An example is ensuring they won't be more than 70 on loan maturity. They must also have their documents in place. Examples are the following documents: transfer certificate, municipal mayor certificate, medical certificate, supporting documents, etc., because there is no need to calculate if you are not eligible.

The Pag-IBIG mortgage EMI calculator is an internet tool that estimates your monthly loan EMI payment. You may calculate your EMIs with Pag-IBIG housing's easy-to-use home loan EMI calculator. Input the loan amount, fixed interest rate duration, and loan term into the calculator and click **Calculate**. The EMI calculator will generate an estimate based on your input. The computer avoids human errors and time-consuming computations and may be used to arrange your mortgage in seconds. Contact the Pag-IBIG customer service representatives for further information and guidance on housing loans.

You can use their housing loan calculator to figure your monthly payment or do it manually if you're ready to do some arithmetic. The following is a typical formula for manually computing your monthly mortgage payment:

M = {P[(1+R)^(Nx12)]}/[(1+R)^(Nx12) -1]

Where:

M = Monthly EMI

P = Total loan amount

R = Interest rate

N = Loan tenure

The financial institution calculates the monthly payment based on the principal, interest to be paid, and loan term. Because the principal amount is significant in the loan's early years, interest due accounts for a large portion of the EMI. The interest component of the loan decreases as the loan matures, while the principal component climbs continuously.

Pag-IBIG offers just one loan calculator, the housing loan calculator. However, this single loan calculator can be used for three distinct purposes:

It can be used to determine how much income is required for your desired loan value.

It can be used to determine how much you can borrow based on your income.

It can also be used to determine how much you can borrow based on the value of the chosen property.

Assuming you already know the price of the home you want to buy, you're not sure how much your minimum monthly interest should be. The Pag-IBIG loan calculator will determine the monthly interest necessary to qualify for the loan. It will show you the projected monthly amortization that you will be paying after the loan is authorized and the gross monthly income requirement that you should include in your proof of income.

This calculator helps in calculating the income required for your desired loan amount. You must fill in all the input data, like the desired loan amount, the preferred repayment period, and the fixed pricing period. To determine the income required for your desired loan amount on the Pag-IBIG housing loan calculator, follow the steps below:

Visit the Pag-IBIG website.

Hover your mouse around

**Programs & benefits**, and click on**Pag-IBIG housing loan**.Scroll down to access the

**Housing loan affordability calculator**.Click on

**Click here to select what you want to compute**, and select**How much income is required for your desired loan value?**Input your desired loan amount, your preferred repayment period, and your preferred fixed pricing period. Your loan calculator output will be displayed immediately.

You could consider borrowing, but you're unsure if your salary qualifies. The Pag-IBIG loan calculator can also determine how much you may borrow depending on your gross monthly interest. It will offer you an estimate of the loanable amount you can seek.

This calculator helps in determining your maximum loanable amount. You must fill in all the input data, like your gross monthly interest, the preferred repayment period, and the fixed pricing period. To determine how much you can borrow based on your income on the Pag-IBIG housing loan calculator, follow the steps below:

Visit the Pag-IBIG website.

Hover your mouse around

**Programs & benefits**, and click on**Pag-IBIG housing loan**.Scroll down to access the

**Housing loan affordability calculator**.Click on

**Click here to select what you want to compute**and select**How much you can borrow based on your income?**Input your gross monthly income, your preferred repayment period, and your preferred fixed pricing period. Your loan calculator output will be displayed immediately.

You discovered the property you want to buy, believe you are qualified for a housing loan via Pag-IBIG or have been repaying for a home and want to continue it through a Pag-IBIG housing loan. The Pag-IBIG loan calculator can calculate the maximum loanable amount you may borrow from Pag-IBIG, the projected gross monthly interest requirement that should be included in your proof of income, and the expected monthly loan amortization that you would pay after the loan is authorized.

This calculator helps determine your maximum borrowing amount based on the appraised value of the property you want. You must fill in all the input data, like the estimated value of the Property, the preferred repayment period, and the preferred fixed pricing period. To determine how much you can borrow based on the appraised value of the property on the Pag-IBIG housing loan calculator, follow the steps below:

Visit the Pag-IBIG website.

Hover your mouse around

**Programs & benefits**, and click on**Pag-IBIG housing loan**.Scroll down to access the

**Housing loan affordability calculator**.Click on

**Click here to select what you want to compute**, and select**How much you can borrow based on the value of the property?**Input the estimated value of property, your preferred repayment period, and your preferred fixed pricing period. Your loan calculator output will be displayed immediately.

Some of the advantages of using the Pag-IBIG loan calculators are as follows:

**It enables you to experiment.**You can use the Pag-IBIG loan calculator to play around with the variables that affect your monthly payments and make an informed decision. The loan amount, loan length, and monthly interest rate all have an impact on your monthly payment. This is because monthly amortization is related to the loan amount: the more significant your loan amount, the higher your monthly payment. Furthermore, a more extended loan period reduces monthly payments, but a shorter term increases them. Of course, a higher interest rate equals a more outstanding monthly payment. You may use the calculator to experiment with different loan amounts and loan durations to find the optimum loan amount to take out without experiencing financial hardship and the period over which you can comfortably repay your loan.

**It saves you a lot of time.**The Pag-IBIG loan calculator provides rapid and reliable results. The tool is available online, which saves you the time and effort of going to the bank, waiting in lines, and calculating your loan conditions. In addition, the time-consuming procedure of filling out paperwork or calling an agent to determine loan amounts and interest rates is avoided. Calculators are widely available online, which allows you to use them while strolling, taking a break at work, or even on vacation in far-flung corners of the globe. You only need a dependable and secure Internet connection.**It produces accurate results.**One of the most significant benefits of utilizing the Pag-IBIG loan calculator is the accuracy of the findings. There is always the possibility of making mistakes while manually calculating the loanable amount. You are not required to utilize pen and paper and risk wrongly calculating the loanable amount. You also don't have to waste time testing on your own with various effective interest-rate combinations, desired loan rates, and loan tenures. The loan calculator saves time, providing precise and rapid answers for various loan possibilities in seconds. The algorithm allows you to experiment with different loan terms and tweak the components of your loan without negatively impacting your credit score.**It will widen your options.**Experimenting with various scenarios will give you a better idea of how Pag-IBIG works and the criteria on which its estimates are based. You can choose the payback time and the highest interest rate you are willing to pay. As a result, these loan calculators make it easy to select and negotiate your loan conditions.**It can help you save money.**You will evaluate which alternatives reflect your greatest value by considering variables such as interest rates, amortization, and a downpayment. This is useful when it comes to negotiating a mortgage.

Below are some of the functions you will likely see as you are using the tool:

**Percentage.**A percentage is a relative quantity that represents one-hundredth of a sum. Because one percent (symbolized 1%) is the hundredth part, 100 percent represents the entire amount, and 200 percent represents double the provided quantity. For example, 1 percent of ₱2,000,000 equals 1/100 of ₱2,000,000 or ₱20,000, and 20 percent of the number equals 20/100 of ₱2,000,000 or ₱400,000. When the Pag-IBIG loan calculators ask for your preferred fixed pricing period, they employ percentages. This input must be entered as a percentage.**Addition.**The process of determining the total, or sum, by adding two or more variables is known as an addition (must be on the consent of all the variables). Calculators employ this function throughout the computation process, such as when adding one and the interest rate (1+R).**Brackets.**Brackets are a collection of symbols that, like parentheses, are used to surround a group of words, things, services, or variables. Any terms included in brackets must be viewed as a group. In the tool, for example, we have the equation (1+R)(Nx12), where (1+R) and (Nx12) are enclosed in brackets, suggesting that they must be considered as one.

**Example 1. **If you want a Pag-IBIG housing loan with the following terms, and you want to calculate how much is your required income:

**Desired loan amount:**₱2,500,000.00**Preferred repayment period:**10 years**Preferred fixed pricing period:**5 years; 6.625%

Inputting the above data into the calculator, we have the following output:

First, select **How much income is required for your desired loan value?**, and then input the data. You will then have:

The income required for your desired loan amount is approximately: ₱81,560.73.

Other indicative figures:

**Principal & interest:**₱28,546.25**Monthly amortization:**₱29,121.25

**Example 2. **You want a Pag-IBIG housing loan with the following terms, and you want the tool to determine how much you can borrow based on your income:

**Gross monthly income:**₱250,000.00**Preferred repayment period:**20 years**Preferred fixed pricing period:**15 years; 8.000%

Inputting the above data into the calculator, we have the following output:

First, select **How much you can borrow based on your income?**, and then input the data. You will then have:

You can approximately loan ₱6,000,000.00 based on your gross monthly interest.

Other indicative figures:

**Principal & interest:**₱50,186.40**Monthly amortization:**₱51,566.40

Considering a Pag-IBIG housing loan with the following inputs:

**Gross monthly income:**₱4,000,000.00**Preferred repayment period:**30 years**Preferred fixed pricing period:**15 years; 8.000%

The borrower wants to know how much they can borrow based on the property's value, so they select this option and input the above data. They will have the below output:

You can approximately loan ₱3,600,000.00, based on the property's appraised value.

Other indicative figures:

**Principal & interest:**₱26,415.52**Monthly amortization:**₱27,243.52**Estimated Equity:**₱400,000.00**Gross Monthly Income:**₱75,472.93