Guide on Requirements for Pag-IBIG Home Improvement Loan – Here’s What You Need To Prepare
REQUIREMENTS FOR PAG-IBIG HOME IMPROVEMENT LOAN – Here is a list of the documents that you need to submit in applying for Pag-IBIG House Improvement Loan.
Pag-IBIG Fund offer several types of loans for its eligible members. One of these is the Pag-IBIG Home Improvement Loan which is under the Housing Loan offers of the government agency.
The Home Improvement Loan offer covers several purposes including the installation of solar panels and other “green projects”. Below, you can check the documents that you will need in applying for the loan offer.
Basic Requirements. Here is a list of the documents that you need to prepare and submit upon the application for Pag-IBIG Home Improvement Loan:
- Housing Loan Application with recent ID photo of borrower/co-borrower (if applicable) (2 copies, HQP-HLF-068/069)
- one (1) valid ID (Photocopy, back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse
- Updated Real Estate Tax Receipt and Updated Tax Declaration and (photocopy), if applicable
- Building Plans, Specification with Bill of Materials duly signed by the Licensed Civil Engineer or Architect
- proof of Income:
- If you are employed, submit any of the following:
- Certified One (1) Month Payslip, within the last three (3) months prior to
date of loan application - Notarized Certificate of Employment and Compensation (CEC)
- Latest Income Tax Return (ITR) for the year immediately preceding the
date of loan application, with attached BIR Form No. 2316, stamped
received by the BIR
- Certified One (1) Month Payslip, within the last three (3) months prior to
- If you are self-employed, submit any of the following:
- Commission Vouchers reflecting the issuer’s name and contact details
(for the last 12 months) - Copy of Lease Contract and Tax Declaration (if income is derived from
rental payments) - Certificate of Engagement issued by owner of business
- ITR, Audited Financial Statements, and Official Receipt of tax payment
from bank supported with DTI Registration and Mayor’s
Permit/Business Permit - Bank Statements or passbook for the last 12 months
- Certified True Copy of Transport Franchise issued by appropriate
government agency (LGU for tricycles, LTFRB for other PUVs) - Other document that would validate source of income
- Commission Vouchers reflecting the issuer’s name and contact details
- If you are an overseas Filipino worker (OFW), submit any of the following:
- Employment Contract
- Employment Contract between employee and employer; or
- POEA Standard Contract
- Certificate of Employment and Compensation (CEC)
- CEC written on the Employer/Company’s official letterhead; or
- CEC signed by employer
- Income Tax Return filed with Host Country/Government
- Employment Contract
- If you are employed, submit any of the following:
Requirements for Pag-IBIG Home Improvement Loan Prior to Loan Release. Here is a list of the documents that you must prepare and submit prior to the releasing of your loan:
- Updated Real Estate Tax Receipt and Updated Tax Declaration (Photocopy), if applicable
- Building Plans/Electrical/Sanitary Permits duly approved by the building official
- Loan Documents
- Notarized Loan Agreement (For ROPA Accounts with House Construction or Home Improvement) (HQP-HLF-
596) - Duly accomplished/notarized Promissory Note (For ROPA Accounts with House Construction or Home
Improvement) (HQP-HLF-597) for each loan release - Disclosure Statement on Loan Transaction (HQP-HLF-085)
- Notarized Loan Agreement (For ROPA Accounts with House Construction or Home Improvement) (HQP-HLF-
- Occupancy Permit
Aside from the Home Improvement Loan, Pag-IBIG also offers a cash loan – the Pag-IBIG Multi-Purpose Loan. You may visit – Pag-IBIG Cash Loan Requirements: Here’s What You Need to Prepare in Applying.
