PAG-IBIG HOME LOAN 2024 – You can check the steps below on how to apply for the loan offer of the Fund as well as the requirements.
Nowadays, there is a way to achieve your target residential property without paying for it under a one-time cash payment. You can do so through the Pag-IBIG Home Loan offer if you are a member of the Pag-IBIG Fund.
Pag-IBIG Housing Loan Application Process 2024
Guide on the Pag-IBIG Housing Loan Application — How To Apply
PAG-IBIG HOUSING LOAN APPLICATION 2024 – Detailed below are the steps in applying for the popular loan offer of the Pag-IBIG Fund.
Are you interested to apply for the Housing Loan offer of the Pag-IBIG Fund? It is one of the excellent options that you can turn to in achieving your residential property project provided that you qualify for the loan offer.
Under the Pag-IBIG Housing loan, you may apply for the offer to finance a purchase of a vacant lot or a residential unit, a house construction, a home renovation, or a home loan take-out. The loan provider offers a maximum loan term of up to 30 years thus you really have a choice for light monthly installments.
Millions of Filipinos are members of the Fund and there are countless members who achieved their goal to have their own house with the help of the loan offer. Although the Pag-IBIG Housing Loan application process may take months, below, you can find the steps to ensure a smooth process.
The Pag-IBIG Housing Loan amount varies although the Fund has posted the maximum borrowing amount it allows. It considers the amount of the property as well as the capacity of the member-borrower. The Pag-IBIG Housing Loan interest depends on the fixing term chosen by the member-borrower and it applies until the loan is fully paid.
Here are the steps for the Pag-IBIG Housing Loan application process 2024:
Step 1 — Check the qualifications for the Pag-IBIG Housing Loan application. Also, make sure that the property involved in the loan offer does not fall on any of the following:
- 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
Step 2 — Prepare the requirements for Pag-IBIG Housing Loan 2024 application. Make sure you have the original copies of all the documents required by the Fund for application as the government office requires the presentation of original documents.
Step 3 — Go to Pag-IBIG Fund and submit the documents required for application. Wait for around three (3) weeks for the result of your loan application.
