The actual power motive of PAG IBIG is to provide Housing loans to Filipinos. How much can I Loan in PAG IBIG Housing? Your maximum loan amount is primarily based on your employment status, what property you’re pursuing your home, and your desired contributions. However, PAG IBIG offers a maximum amount of 6,000,000 for housing loans.
Suppose you’re a PAG IBIG housing loan borrower; you must know the loanable revenues. Without knowing it, you may wonder about the actual payments. Though, there is a comprehensive guide on how much amount you can acquire from PAG housing loan payments.
However, your house loan depends on whether you qualify for it:
However, PAG IBIG delivers the maximum loanable fund that’s directly associated to:
Furthermore, there are two additional aspects:
CHECK: How Much Can I Loan in PAG IBIG?
Entire Loanable Amount in PAG IBIG
The remarkable loan terms and amount may vary as per the type of loan. PAG IBIG offers various sorts of loans, including housing, calamity, and Multi-purpose loans. Hence, to know about housing loans, you need to overview the whole term of it. How PAG IBIG figures out the loan amount for all kinds. Entire elaborated Loan Types:
Multi-purpose Loan – MPL:
You can get about 80% of your savings in emergency conditions. However, your loan amount can be 5,000-500,000 pesos. However, this MPL comes with interest rates of 10.5% per annum, and loan terms are accessible for two years.
Calamity Loan:
This maximum calamity amount is PHP 20,000, granted to damaged communities.
Housing Loan
You’ve seen that PAG IBIG brings the maximum and minimum interest rates for qualifying borrowers. Though from affordable lower interest rates to higher rates of PHP 6 million loans. This loan payment is accessible for 30 year time period. Fortunately, a housing loan is available to you even if you’re under 65.
Furthermore, your average necessities and amount for the authenticity of your desired loan can vary accordingly. The overall payment comes to around 6 million regarding maximum aspects.
CHECK: How Much First Loan In Pag ibig?
The Whole Housing Loan amount of the PAG IBIG Organization
| Monthly Contribution | Loanable Amount |
| 200 | >PHP 500,000 |
| 250 | 500,000 – 600,000 |
| 300 | 600,000 – 700,000 |
| 350 | 700,000 – 750,000 |
| 400 | 800,000 – 900,000 |
| 450 | 900,000 – 1,000,000 |
| 500 | 1,000,000 – 1,100,000 |
| 1000 | 2,000,000 – 2,100,000 |
| 1500 | 3,000,000 – 3,100,000 |
| 2000 | 4,000,000 – 4,100,000 |
| 2500 | 5,000,000 – 5,100,000 |
| 2950 | 5,900,000 – 6,000,000 |
FAQs
How can I determine my reliability in getting a House loan from PAG IBIG?
You’re proficient in analyzing the genuine criteria for your housing loan. It depends on your credit history, income, loan interest, and employment status. After analyzing this criterion, you can determine your loan by your property value and payment capacity.
What happens If I don’t pay the housing loan payment?
Once you’ve missed the housing loan payment, you must undergo the additional penalties and a potential impact on your membership creditability.
How much Loanable amount can I receive for an education loan and housing loan?
PAG IBIG delivers the PHP 300,000 maximum loan for academic requirements yearly. Meanwhile, it also offers a PHP 6,000,000 higher amount for housing loans.
Final Thoughts
PAG IBIG organization was established to provide funding for constructing dream houses for Filipinos. This housing loan is granted to all workers whether you are applying as a self-employed, local employer, or OFW member. You need to know the qualifying measures for a housing loan on account of your current status (OFW, self-employer, or local employer). Ultimately, you can enjoy the heavy amount with a flexible return time of around 25 – 30 years.
