Details about the Pag-IBIG Housing Loan Amount for Members
PAG-IBIG HOUSING LOAN AMOUNT 2024 – You can check the details below on how much a Fund member may borrow under the Housing Loan offer.
Are you looking for an entity where you can apply for a housing loan? If you are a member of the Pag-IBIG Fund, its offer can be an excellent option for you. It is no secret to the public that the Pag-IBIG Housing Loan is one of the most popular housing loan offers in the country.
The Pag-IBIG Housing Loan can finance several purposes related to residential properties. You may apply for it to fund a residential property acquisition, a house construction, a home renovation, or a home loan take-out.
One of the best features of the Fund’s loan offer is the option for light monthly installments through extended loan term of up to 30 years.
Under the loan offer of the Pag-IBIG Fund, here is a list of the collaterals that are accepted by the government agency:
- Clean Transfer of Certificate of Title (TCT)
- Clean Original Certificate of Title (OCT)
- Clean Condominium Certificate of Title (CCT)
Aside from a clean title, the residential property involved in the loan application must not belong to any of the following conditions:
- Less than 28 sq. m. lot area
- Less than 18 sq. m. condominium floor area
- Properties with road right of way less than 1.5 meters
- Land types classified other than residential use
- Residential buildings must be compliant to the National Building Code, PD958 or BP220 as the case may be
Aside from the criteria for the residential property involved in the loan application, there are also qualifications for the Pag-IBIG Housing Loan application. Meanwhile, there is a minimal list of eligibility criteria.
With regards to the Pag-IBIG Housing Loan amount, a member may borrow up to P6 million. The maximum loanable amount is dependent on the age of the member-borrower.
With regards to the payment of the Pag-IBIG Housing Loan amount, here are the options provided by the Fund:
- Salary deduction through Employer Collection Servicing Agreement (CSA)
- Post-dated checks
- Auto debit arrangement with banks
- Accredited collection partners
- Asia United Bank (AUB)
- Landbank of the Philippines
- Globe GCash
- CashPinas
- SM Bills Pay
- Bayad Center
- UCPB
- Maya
- Metrobank
- ECPay
- Metrobank
- ECPay
- M Lhuillier
- Accredited Collection Partners
- iRemit
- Asia United Bank (AUB)
- Ventaja PayRemit
- CashPinas
- Philippine National Bank (PNB)
To apply for the offer, prepare the documentary requirements for Pag-IBIG Housing Loan 2024 application. Make sure you have the original copies of all the documents required by the Fund in applying for the loan offer.