PAG-IBIG, or HDMF, is a Philippine government agency that provides housing and financial assistance to Filipinos. Although having a home can be an esteemed dream for many Filipinos, our agency is designed to turn your dreams into reality. To fulfill your dreams, you must understand the PAG IBIG requirements that are essential to gain your loan and prepare your affordable houses.
Therefore, in challenging times, many Filipinos explore additional income sources or venture into entrepreneurship to meet financial obligations. This valuable loan approach is considered by various workers who want to grow peacefully. Well, it’s a key factor to know the prerequisites and perks of our agency that are accessible to all Filipinos.
Once you’re interested in qualifying for our PAG IBIG loan, you must be a member of our organization. This membership is accessible to a huge diversity of Filipino citizens. These can be self-employed individuals, employed either locally or abroad, voluntary contributors, including overseas Filipinos and non-working spouses.
What are the PAG IBIG Loan Requirements?
We’re enlisting all the requirements for personal Principal Candidates, Spouses, and Atty-in-Fact vary depending on whether they are locally overseas Filipino workers (OFWs), self-employed, or employed.
Additionally, you also prepare and submit certain PAG IBIG documents along with specified requirements.
Personal Requirements
Four pieces of 1 x 1 ID photos
PAG IBIG contribution printout
Two Valid IDs with accurate Signatures (Government issued)
Special Power of Attorney along with Attorney-in-Fact – Valid ID (if applicable)
Contract of Tenancy – Valid ID of Landlord (for renters)
PAG IBIG House Loan Application (PHLA)
Postdated Checks (for Monthly and Amortization Downpayment)
Approved Membership Status Verifications Slip (MSVS)
For Self-Employed
Tax Payment Contract
Mayor’s Permit / Business Permit
Verified Financial Statement (must be from the previous year)
SEC or DTI Registration
Certificate of Secretary (if applicable)
Income Tax Return (ITR) – (Previous 1 years)
Local Employed Individuals
Up-to-date Income Tax Return (ITR)
Service Record – for Government Employee
Valid Employment and Compensation Certificate
Last Three Months Pay-slip
ESAV with 24 Months Contribution – Copy
Oversea Filipino Workers; OFWs
Photocopy of Passport
Updated ESAV with 24 months of contribution – Copy
Remittance Proof Contract (for the last three months)
Power of Attorney – Verified and Valid
Job Contract (must Verified by POEA) and English translation (in case it’s in a foreign language)
Income Proof – Photocopy or Original. It must be validated for PAG IBIG loan processing. Meanwhile, it must be verified by the Information Officer in the country where you’re working.
Employment and Compensation Certificate (Consularized) – required if no Job Agreement is available
Attorney-in-Fact (Authorized Representative)
Tax Identification Number (TIN)
Recent ID photograph
Two valid IDs (Government-Verified)
Residence Certificate – Photocopy
Buyer isn’t present in Bacolod City
Two valid IDs of appointed attorney-in-fact (SPA)
Special Power of Attorney (SPA)
Resident certificate of the appointed attorney-in-fact (SPA)
Requirements for PAG IBIG Multi-Purpose Loan
Branch Code and Agency Code
Employer – Company Name
Two valid Photos
Latest Salary Slip
Two signature-bearing IDs
Contract of Authorized Representative/ Head Officer
SSS/GSIS No.
Filled multi-purpose PAG Loan Application
Documents Required for PAG IBIG Loan
Certificate of Loan Application Acceptance
Disclosure Contract on Loan Transactions
Promissory Note (PN)
PAG House Loan Application
Specimen Signature
Conformity
Preliminary Loan Counseling Questionnaire
Deed of Restriction Contract
Contract to Sell
Loan & Mortgage Agreement (LMA)
Absolute Sales Deeds (H4-75 & H4-74)
Certificate of Housing with Lot Acceptance (CHLA)
Medical Questionnaire (Applicable just when loaner is up to 60)
Agreement of the Sell Contact to Conformity
Deed of Assignment (DOA) along with Special Power of Attorney
PAG IBIG Loan Requisites for Email Submission
For email submission, you must prepare these requirements:
Two Valid attested IDs
Driver’s License
Postal ID
Company ID
PAG IBIG Loyalty Card
Voter’s ID
ID of Integrate-Bar of the Philippines (IBP)
Overseas Filipino Worker (OFW) ID
Passport – issued by a Foreign Government or Government of the Philippine
Senior Citizen Card
Professional Regulatory Commission (PRC) ID
Social Security System (SSS) Valid Card
Overseas Workers – Worker Welfare Administration’s (OWWA) ID
Government Service Insurance System (GSIS) – eCard
Government Office & GOCC ID (AFP ID)
NSO Copy of your Birth Certificate. Please scan and email this documentation.
Seafarer Identifications – Record Book (SIRB)
Must obtain the Barangay Clearance – You may transfer its copy or bring the authorized representative with you physically.
Must Share your PAG Contribution Printout by scanning and emailing this document
Local Employees: COE document’s scanned copy with your two-month scanned salary slip
Self-employed/OFWs/Seaman: Scanned Job Contract, Passport, and Seaman’s Book
What are the Required Documents Printing Instructions?
Print 5 back-to-back copies for both PHLA1 and PHLA2
You must complete the borrower’s data in a single copy of PHLA1, as our office will type the others
Sign all 5 copies of PHLA2 without including the date
Print and sign 5 copies of the Special Power of Attorney
Return all original documents to the in-person branch or mail. The address is:
Bacolod City 6100, Burgos Streets, Bacolod South-Home Corporation
What to do if I don’t enroll for PAG IBIG?
If you have a stable source of employment and supporting documents, you can still secure a housing loan.
If you’re not a loaner of our PAG Agency,
Must open our official link and register yourself
If you’ve got an account, then you may share your PAG MID Number
Accomplish your 24 months contribution
Our PAG IBIG Team must coordinate with you
If you’re a member of PAG IBIG, but your payouts are not updated:
Visit our branch or open the website, and enroll in your account
You need to complete your 24 months contribution to PAG IBIG
You can check your account or take the assistance of our expert and analyze your account status now to determine whether any other documents are required or not.
Rates of Interest for PAG IBIG House Loan
Our PAG IBIG Loanable amount is over 6 Million
Duration
Rate of Interest
3 years
7.985%
5 years
8.895%
10 years
9.750%
15 years
10.375%
20 years
11%
25 years
11.5%
30 years
12%
Conclusion
However, when you’re considering a PAG IBIG Loan, it’s vital aspect to know all its requirements. Then, you may assess your financial comfort and repayment ability. Fortunately, our PAG IBIG agency offers competitive interest rates with flexible repayment periods that are extended up to 30 years. However, you need to understand all the requirements and then move to become a member of our excellent PAG IBIG community.
Marina Aguilar is a freelance writer and editor with a passion for personal finance and real estate. She has been writing about finance and housing for over five years and has worked with various clients, including banks, financial institutions, and real estate developers. Marina believes that everyone deserves access to affordable housing and is committed to helping Filipino workers achieve their dream of homeownership through the Pag-IBIG Fund's housing loan program. In her free time, Marina enjoys hiking, reading, and spending time with her family.
