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Pag-IBIG Fund home loan for february 2024

Get a home loan at Pag-IBIG Fund. On 24.02.2024 there are 1 options available to you. Increase your chances of getting a loan — fill out an application with a free credit rating check.
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Pag-IBIG Fund
Pag-IBIG Housing Loan
Rating by Finanso®

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
up to ₱6,000,000

Effective interest rate on the product

5.75% - 10% per year

Loan term for the financial product

1 - 30 years
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30 years
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The Pag-IBIG housing loan has lower interest rates and more flexible payment terms of up to 30 years. You can use this loan to pay for a residential home and lot, a townhouse, condominium unit, construction or remodeling of a home, or refinancing an existing mortgage.

You can select a Home Saver Program if you have fallen behind on your mortgage payments. With the help of the Pag-IBIG Fund Home Saver program, you can select whether you have missed payments for three to nine months or more than nine months.

Then you can restructure your mortgage loan with the bank's representative and spread out your unpaid monthly amortizations over the remainder of the loan term. Additionally, you might be able to lower your monthly payment by extending the loan term for a maximum of 30 years, but you should not be 65 years.

Types of Pag-IBIG house loans

  • Pag-IBIG Home Equity Appreciation Loan (HEAL). In accordance with the net value of their home, HEAL enables qualified Pag-IBIG Housing Loan borrowers to borrow money at incredibly low-interest rates.

  • Affordable Housing Loan for Minimum-Wage Earners. People who earn less than the minimum wage and those with low incomes can purchase a home with down payments as low as ₱2445, thanks to the Pag-IBIG Fund's Affordable Housing Program (AHP).

How to apply?

You can apply for a mortgage loan online or at a bank branch. For online applications, go to Virtual Pag-IBIG. Click the Apply for or Manage Loans button. Then, complete the required fields, and click Submit.

Follow these steps to apply at the branch: first, download the House Loan application form. Then fill in the house loan form and attach the documents required. After this step, you will submit your housing loan application to a Pag-IBIG Housing business center or branch near you. AFter that, if your application is complete, you will receive a Notice of Approval (NOA) and a Letter of Guaranty (LOG). Then, you can complete the requirements stated in your NOA within 90 days. Lastly, allow at least 10 days for funds to be disbursed and reflected in your account.


To be eligible for a Pag-IBIG home loan, you must meet the following requirements.


  • You must be an active member with a deposit of at least 24 months.

  • You cannot be older than 65 when the loan is due when applying for a home loan.

  • You must have the legal ability to purchase and mortgage real estate with no prior Pag-IBIG housing loan cancellations, buybacks, foreclosures, or voluntary surrenders.

Documentary requirements

  • Housing loan application and attach a recent ID photo of the borrower and co-borrower, if applicable, and two copies ofHQP-HLF- 068 or HQP-HLF- 069 forms.

  • Income documentation and one valid ID photocopy, for all parties involved including the house developer.

  • Title Transfer Certificate (TCT) and a Certified True Copy for the most current title.

  • Photocopy of the real estate tax receipt and an updated Tax Declaration for the house and lot.

  • Sketch map of the area surrounding the property subject to the loan.

List of some of the acceptable IDs

  • Driver's license

  • Passport

  • PRC license from the Professional Regulation Commission

  • Barangay Certificate

  • Voter's ID

  • Postal ID

Pros and cons

Although Pag-IBIG house loans have low-interest rates, they also have some drawbacks. Therefore, weigh the advantages and cons before applying for one to determine whether the loan is appropriate for you.


  • You can use the home loan to pay for expenses related to your home.

  • You can get help from the home saver program to deal with late payments.

  • You are covered by insurance when you borrow money to purchase a home.


  • If you are over 65 years, you cannot qualify for the house loan.

  • If you need money quickly to buy a house or renovate it, you will have to wait a few days because the bank takes time to evaluate and approve home loans.

How to repay?

If employed, you can pay your Pag-IBIG housing loan through a collection servicing agreement with your employer, who will then send your monthly payments to the Pag-IBIG Fund. You can also pay your monthly amortizations using Virtual Pag-IBIG, postdated checks, or an Auto-Debit Arrangement (ADA) with a Pag-IBIG Fund partner bank. Your house loan can also be repaid at any nearby Pag-IBIG Fund branch, at any location run by a bank's accredited collecting partners, or online.


What are the interest rates of the Pag-IBIG Housing Loan?

The interest rate on a home loan varies depending on the repayment period. The lowest rate is 5.750 % if repaid in one year and 10% if repaid in 30 years. 

Does the Pag-IBIG Housing Loan carry insurance?

Yes. A Mortgage Redemption Insurance or Sales Redemption Insurance, as well as Fire and Allied Perils Insurance, will protect your Pag-IBIG Housing Loan. 

What can I do with a Pag-IBIG Housing Loan?

Pag-IBIG Housing loan can be used to finance the purchase of a house and lot for a primary residence, a townhouse, a condominium unit, the building or remodeling of a house, or the refinancing of an existing mortgage.