WHEN YOU APPLY FOR A HOUSING LOAN TAKE NOTE OF THIS PLEASE !
Eligibility requirements
- A Pag-IBIG member for at least 24 months and has remitted 24 monthly contributions
- Not more than 70 years old at loan maturity and must be insurable
- Has no outstanding Pag-IBIG housing loan either as principal or as co-borrower
- Has legal capacity to acquire and encumber real property
- Has passed satisfactory background/credit and employment/business checks
- Has no Pag-IBIG multi-purpose loan in arrears at the time of application
- Has no Pag-IBIG housing loan that was foreclosed, cancelled, bought back or subjected to dacion en pago
Schedule of Loans
Monthly Member’s Contribution Loan Entitlement
200 Up to P500,000
250 Over P500,000 to P600,000
300 Over P600,000 to P700,000
350 Over P700,000 to P800,000
400 Over P800,000 to P900,000
450 Over P900,000 to P1M
500 Over P1M to P1.1M
550 Over P1.1M to P1.2M
600 Over P1.2M to P1.3M
650 Over P1.3M to P1.4M
700 Over P1.4M to P1.5M
750 Over P1.5M to P1.6M
800 Over P1.6M to P1.7M
850 Over P1.7M to P1.8M
900 Over P1.8M to P1.9M
950 Over P1.9M to P2M
Processing Fee P3,000.00
Pay P1,000.00 upon filing
Pay balance of P2,000.00 upon loan take-out
AFFORDABLE MONTHLY AMORTIZATIONS (comparative from old to new rate)
Loan Package Monthly Payment Savings
P300,000 P1,798.65 (before P2,413.87) P 615.22
P500,000 P3,326.51 (before P4,38.86) P1,061.35
HAVE YOU THOUGHT OF THIS ? - for those of you still renting a house probably your rental is higher than this amortization rate. REMEMBER : RENTING IS NOT OWNING THE HOUSE. HURRY ! You still have enough time before you reach the age of 70, by then you will no longer qualify … Your time is now so grab this !
INTEREST RATES (Comparative from old to new rates)
Amount New Interest Rates
Up to P300,000 6% (before 9 %)
Over P300,000 to P750,000 10% 7% (before 10%)
Over P750,000 to P2 M 10.5% (before 11-12%)
Visit or call these Pag-IBIG Branch Offices for details
Davao Branch HOUSING DIVISION
2F Pryce Tower Condominium
JP Laurel Avenue, Davao City
Tel No. (082) 2241793
Tagum Branch HOUSING DIVISION
2F Ramos Bldg., Arellano Street, Tagum City
Tel. No. (084) 4004700
General Santos Branch HOUSING DIVISION
2F RD Bldg., Santiago Blvd. General Santos City
Tel. No. (083) 5545468
Cotabato Branch HOUSING DIVISION
6F CYM Bldg., Don Rufino Alonzo St., Cotabato City
Tel. No. (064) 4216946
The Pag-IBIG Housing Loan Program can either be for
Ø Construction of a Residential Unit
Ø Lot Purchase
Ø Purchase of a Residential Unit
Ø Lot Purchase and House Construction
Ø Home Improvement
Ø Refinancing
Ø Combination of Loan Purposes
Repayment Period
Maximum of 30 years
October 5, 2008 at 7:22 am |
hi, im looking for a house rent to own maybe, sumwer in qc or makati, i work in taguig so, there. pagibig housing loan, im very intrested with that. i just dont know where and how to apply for it and ofcourse, which house. i hope u could help me? :) thanx!
October 5, 2008 at 3:22 pm |
hi donna
I am furnishing you contact numbers of Makati I and Makati II Branch Offices of Pag-IBIG Fund so you can check with them directly your interest of RTO and their housing loan. Take note also of the procedures in availing of the housing loan.
Makati I Branch Office of the Manager Severa A. Buquid (loc) 201 814-0454
other number 814-0446
Secretary Fatima Sultan local 202 893-6815
OIC, Operations Olivia V. Zerrudo 814-0451
Provident Benefits Div. Rodrigo C. Gumera local 203 814-0452
Marketing & Enf. Div. Joey D. Omillo local 204 813-2570
or local 205 894-2454
Makati Branch II
Office of the Manager Erlinda O. Romulo local 401 817-1057
Secretary local 402 812-1962
OIC, Operations M. I. Castillo local 403 817-4418
Marketing & Enforcement Div. M. Francisco local 405 817-2637
Thanks for the visit. Feel free to leave feedback re your transaction with the Makati branch offices.
October 9, 2008 at 6:35 pm |
i just want ask about rent to own. yun na i-rent ba within 5 years ay ideduct ba sa total price if i purchase the unit? at may available pa bang unit sa davao city ngayon?
October 11, 2008 at 2:50 pm |
hi arvin
yes it will be deducted based on percentage wherein if you purchase the unit earlier the bigger the amount will be deducted. If you decide to buy the property on the 5th year only a small percentage will be deducted. You can check the list of acquired assets on sale in Davao City Acquired Asset Unit at Pryce Tower Condo, JP Laurel Avenue tel no. (082)2244733. I hope I answered your query. Thanks for the visit !
October 15, 2008 at 8:00 am |
i happened to apply for a housing loan at Pag-Ibig. It was already approved. However, we realized that we cannot afford to pay P4,700 monthly for the house. Part of your eligibility requirement is that “no Pag-ibig housing loan that was canceled’. I am interested with the very affordable monthly housing amortization for only P3,300 but i cannot pass the said requirement. Will Pag-ibig re consider this?
October 24, 2008 at 5:22 pm |
dear madam/ sir:
nakatira po ako sa general santos city at may lote po ako na gusto ko pong patayuan ng bahay kaso kulang po ang pera namin mag asawa at gusto po naming magloan sa pag^ibig dito po kami sa japan ano po ba ang gawin namin? sans po matulungan ninyo kami tnx!
October 24, 2008 at 5:27 pm |
gusto ko pong magtanong kung paano po kami maka avail ng financing loan sa inyo gusto po naming kayo mag finance ng house na ipatayo namin tnx!
October 26, 2008 at 3:04 pm |
hi joanne
plase check status of your loan whether it was really canceled kasi pag na “take out” na that would fall under bad loan. Having such you will no longer qualify. Thanks for dropping.
November 27, 2008 at 3:39 am |
hi, i already passed all the documents… i’ve heard na matagal daw ang appraisal…. is there a possible way na mapabilis sya bcoz i already made a downpayment on the property. acquired asset kc siya ng bangko, im giving the bank a letter of extension pero sana mas mapabilis ang transaction, nung nov 19 ako nag-pass ng docs… again, is there a way to speed up the process? saka hanggang kelan kaya ang ggawin kong extension since the bank’s deadline is only until december 7… tnx :)
November 27, 2008 at 5:21 am |
hi francis
can you please indicate your location here in southern mindanao. Or is the property within the coverage of Pag-IBIG Southern Mindanao Group. Thank You.
January 7, 2009 at 7:50 am |
hi!
How will i know my actual premiums online?
Is there a website that i can browse about it?
Thanks.
January 7, 2009 at 9:49 am |
Hi meg there is no site yet where you can browse your premium online as of this time. Will post info on that as soon as it’s available. Thanks for dropping.
January 23, 2009 at 7:22 am |
hello sir/mam
pwede po ba mag loan sa pag i-ibig ng pang business// im asking lng po.. thanks po
January 27, 2009 at 1:34 am |
hi ang loan na ma avail mo ay ang multi-purpose loan to start up a small business but the proceed will depend on your salary and contribution. kindly check this with the pag-ibig office where your contribution is being remitted by your office. thanks for dropping.
May 3, 2009 at 12:22 pm |
gud pm..
wen wil be the next posting of acquired assets (davao)?
puno na po ksi halos lahat..di na po kmi mkapili ng medyo maayos..salamat po!
May 19, 2009 at 6:34 am |
hi dada just call the office from time to time the staff would be glad to assist you and give u latest info on acquired assets. thanks for dropping
May 21, 2009 at 12:45 am |
Fantastic site.. Hope to come back again
June 1, 2009 at 5:25 pm |
thank you and thanks for dropping yes please do u are always welcome here !
February 17, 2009 at 7:50 am |
hi jhia … yes that’s correct the list of foreclosed properties in davao was published last feb 13 and payment of reservation fee will start on feb 24 to give time for interested buyers to check on the property and review the conditions on the Fund’s disposal of acquired assets.
thanks for dropping.
May 19, 2009 at 6:31 am |
hi may san kau na branch nag apply ng loan?