If you’re an active PAG IBIG Fund member, you can explore the appropriate ways to check loanable amount of Pag IBIG. It’s a favorable approach to buying your dream house through managing your PAG-IBIG housing loan. PAG IBIG’s loanable amount is enough to assist you in current crises.
PAG-IBIG Fund was established in 1978 to create a national savings program and affordable shelter financing for Filipinos. After some years, our government owned HDMF has undergone some alterations to changing administrations and rules. It happens as the government’s response to providing the best financing and housing opportunities for ordinary Filipinos.
Helpful for you: Salary Loan Calculator
Contents
PAG IBIG Loanable Funds’ Purpose
What is the maximum Loanable amount of PAG IBIG?
A qualified member can obtain a maximum of PHP6,000,000.00. Eventually your loan eligibility is determined by your contributions. For instance, for every P100.00 payout, you may be entitled to a loan amount of P125,000.00.
An individual with a P1,450.00 monthly contribution is capable of a maximum loanable amount of over P3,000,000.00. Meanwhile, someone with a P2,950.00 contribution is eligible for the loanable amount of P6,000,000.00.
However, your loanable amount is eventually based on these factors:
CHECK THIS: PAG IBIG Loan Status
How is one eligible to Borrow PAG IBIG Funds?
Helping: How to Check PAG IBIG Loan Balance?
How can you Calculate your Loanable Amount in PAG IBIG?
The first aspect is to know the value of the property that you’re going to purchase. So, to determine the maximum loanable amount from PAG-IBIG that you can acquire. You can input the approximate property value into the system and know your amount. Now you can calculate your monthly amortization by following these steps:
When you go for a 5-year fixed pricing period, your repayment interest rate is 6.625% during your initial 5 years. Then, from the 6th year, PAG IBIG may ask for a new interest rate, which may vary from the initial 6.625%.
Alternatively, for a 30-year repayment period, you can select the 30-year fixed pricing period if you consider that future interest rates surpass 10%.
How to check your Loanable Amount According to Praoperty Value?
Our PAG IBIG agency limits borrowing to 95% of the property value for most cases. Meanwhile, this decreases to 90% if the property exceeds the economic housing limit. These percentages are known as the LTV ratio, representing the loan-amounts-to-appraise-value ratio. You can take it as:
| Property’s Appraised value | LTV ratio |
| More than ₱6,000,000 (economic housing limit) | 90% |
| Up to the economic houses limit | 95% |
Our PAG IBIG Affordability calculator confirms this calculation, that is, computing the housing loanable amounts. It considers the economic housing limits of about ₱1,888,889.00. Suppose your estimated value of the property falls at or below this limit; we apply an LTV ratio of 95%.
Well, for your convenience, we’ve enlisted the maximum contribution payments that you can avail of as your housing loan amount.
| Membership Monthly Contribution -Pesos | Loan Amount |
| 2950 | Up to 5,900,000 – 6,000,000 |
| 2500 | Up to 5,000,000 – 5,100,000 |
| 2000 | Up to 4,000,000 – 4,100,000 |
| 1500 | Up to 3,000,000 – 3,100,000 |
| 1000 | Up to 2,000,000 – 2,100,000 |
| 950 | Up to 1,900,000 – 2,000,000 |
| 900 | Up to 1,800,000 – 1,900,000 |
| 850 | Up to 1,700,000 – 1,800,000 |
| 800 | Up to 1,600,000 – 1,700,000 |
| 750 | Up to 1,500,000 – 1,600,000 |
| 700 | Up to 1,400,000 – 1,500,000 |
| 650 | Up to 1,300,000 – 1,400,000 |
| 600 | Up to 1,200,000 – 1,300,000 |
| 550 | Up to 1,100,000 – 1,200,000 |
| 500 | Up to 1,000,000 – 1,100,000 |
| 450 | Up to 900,000 – 1,000,000 |
| 400 | Up to 800,000 – 900,000 |
| 350 | Up to 700,000 – 750,000 |
| 300 | Up to 600,000 – 700,000 |
| 250 | Up to 500,000 – 600,000 |
| 200 | Up to P500,000 |
Further ways to check your Loanable Amount in PAG IBIG
FAQs
What is a higher loanable amount for a Calamity (short-term) Loan?
If you’re fulfilling the criteria for a Calamity loan, you may achieve up to 80 percent of your Total Accumulated Values (TAV). This value is calculated as the sum of monthly contributions made when you’re applying for the Calamity Loan application.
What is the eligible loan amount for a property estimated at PHP3 million?
When your property is valued at ₱3 million, the loanable amount is ₱2.7 million. You can calculate it by multiplying the property value of ₱3,000,000 by the LTV ratio of 90% (or 0.9), resulting in ₱2,700,000.
However, an LTV of about 95% is applied to all properties that have less or equal to the economic housing limit, which is approximately ₱1,888,889.00.
Final Words
If you’re eligible for a PAG IBIG loan, you may obtain 80% of your entire regular savings. It comprises your employer contributions, monthly contributions, and accumulated dividends.
You are able to check your loanable amount of PAG IBIG via call at (02) 724-4244. Then, you must provide your registered MID information. Ultimately, you may access your loanable amount on the official platform.
