PAG IBIG Housing Loan Computation

Need help with your Pag IBIG Housing Loan computation? Our comprehensive guide will show you how to calculate your monthly amortization, interest rates, and other important factors to help you make an informed decision on your housing loan application.

Building your permanent shelter is the purpose of PAG-IBIG. Relying on the PAG loan Agency, customers must analyze the response of routine users. Various Filipino families are associated with our company and also performing other programs in the State. Therefore, the agency has customized some check and balance rules to maintain the standard. It’s required that the customers would not be detrimental while amortization the loan. 

CHECK: Pag ibig housing loan Interest Rate

Likewise, PAG IBIG Housing Loan has an efficient Computation system. It’s an incredible factor among various others that employers are free of spending hours making a few lines’ statements. The whole loan management is automated and fulfilling your requirements. You are capable of achieving the final output of simple and logical inquiries. These inquiries are indispensable to ensure the company about your professional behavior. 

PAG-IBIG Housing Loan Computation

Filipino community can enjoy our loan offer with flexible facilities. The sum of the loan is usually from PHP100,000-3,000,000. Being adoring this great offer, you must keep these factors in mind on which Loan Computation depends:

You can compute your acquired loan by determining these significant factors. You must add according to your capacity, and then IBIG evaluates your requirements.

Computational Capacity of PAG Loan

Filipino inhabitants can get contributions by monthly specifics about loans about how much they want to achieve. Suppose a borrower is interested in getting an amount of more than PHP 500,000; his monthly payment will be PHP 200. Meanwhile, for that member who wants to get the PHP-900,000 -1,000,000 Housing Loan Computation, his contribution will be PHP 400 per month. Although, if you need to contribute a big bonus and want to get PHP-1,900,000 – 2,000,000, the net PHP-950 is the monthly contribution for this offer. 

CHECK: Pag Ibig Housing Loan Calculator Philippines

How do you get the loan Payment?

You are able to get over 40% of their net disposable amount. Hence, your repayment plan would be the total balance plus your declared yearly package by the sum of years. Once you divide the loan by the sum of years, another step is to factor your desired rate year-wise. As a result, you obtain the 40% of your package.

Documentation for PAG IBIG Housing Loan Computation Application

How to Process the Computation File?

PAG IBIG House Loan enables millions of people to live in their own houses. The PAG’s Computation brings various easy options for payments and repayments.

The entire computation of your payments is quickly accomplished in the following significant ways for local, OFW, self-employing customers, etc. 

1.  The personal and technical documentation must be verified and valid 

Local Customers:

A verified and valid employment letter must be according to PAG IBIG’s recommendation.

Valid employment slips would be in customer format with at least one-month payment slips.

A withdrawal tax receipt will also be with a month’s payment slip verification

For OFW computation:

Overseas Filipino Worker’s employment agreement

Individual’s income credential. It can be an assigned copy of the PAG-IBIG verified validated letter.

HDMF verified further proof, photocopy of income source, and work pay lists.

Self-employing borrowers:

2.  ID photocopy of the main loaner, co-partner, and other developer or counsel. This ID should validate during applying for the loan.

3.  OFW must get the verified date, day, or time of departure through the Philippine Embassy. You have to confirm your details from Embassy.

4.  Background investigation legally.

5.  Borrowers’ insurance for health. This insurance coverage conveys the order of your age limit up to 60 years old.  

6.  Loan’ Computation requires the whole family background, and marriage certification for your verification.

7.  Hence, after detailed confirmation, the computation of your demanding income includes your birth authorization. 

8.  Furthermore, employers have to verify their residential units. Their agreement with the company is officially indicated. Their location for property construction and other purposes are investigated.

Note: OFW participants have to figure out their $US payment to PHP.

Well, PAG IBIG’s software to compute the data is reliable and convenient. Based on official work, comprehensive details of PAG IBIG Housing Loan monthly repayments and Loan Computation is represented to our borrowers who’ve PAG membership. They have the details of the computation on their loan application. Sometimes, customers request to renew the loan payments before the transaction date. Eventually, their required amount is delivered from the remaining charges, and this emergency amount is deducted. Meanwhile, their details are mentioned here, they get the notification of emergency payment, and the remaining payment is computed. 

Moreover, Employers have complete computational data if they default on the loan.