Pag-IBIG Fund Home Improvement Loan: Here’s How Much You May Borrow under the offer

Guide on Pag-IBIG Fund Home Improvement Loan Loanable Amounts

PAG-IBIG FUND HOME IMPROVEMENT LOAN – Here is a guide on how much you may borrow under this loan offer of Pag-IBIG Fund.

Are you planning to get your house improved or install solar panels so you can save money from your electricity bills? If you are a Pag-IBIG Fund member with at least 24 months savings, you may apply for the Pag-IBIG Fund Home Improvement Loan offer.

According to Pag-IBIG Fund, under its offer, there are premiums should you push through with green projects like the installation of solar panels. You can check the loanable amounts under the offer below.

Pag-IBIG Fund Home Improvement Loan
Photo Credit: JustPayroll

With regards to the loanable amounts under the Pag-IBIG Fund Home Improvement Loan, according to the government agency, you can borrow up to P6 million but there are factors considered by Pag-IBIG Fund such as the following:

  • your actual need;
  • your desired loan amount;
  • your loanable amount based on your capacity to pay; and
  • Loan-to-Appraised Value ratio

You can repay the amount you borrowed from one (1) year up to 30 years. The interest rate depends on your chosen loan term and the amount you borrowed from the government agency. The following are the interest rates set by the agency based on the fixing period:

Rates per Repricing Period, effective 01 January 2022
1-Yr* Fixing5.750%
3-Yr Fixing6.375%
5-Yr Fixing6.625%
10-Yr Fixing7.375%
15-Yr Fixing8.000%
20-Yr Fixing8.625%
25-Yr Fixing9.375%
30-Yr Fixing10.000%

There are documents that you need to submit in applying for this loan offer of Pag-IBIG Fund. To check on the documentary requirements, you may visit – Requirements for Pag-IBIG Home Improvement Loan – List of Documents You Must Submit.

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You may also visit – Pag-IBIG Personal Cash Loan – Here’s How Much You May Borrow under it

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