Guide on Pag-IBIG HEAL Features & Requirements for Application
PAG-IBIG HEAL 2025 – You can achieve both your dream house and your dream car under this Pag-IBIG Fund loan offer.
One of the loan-providing giants in the Philippines is the Pag-IBIG Fund. Are you one of its members? Through the years, it has continuously better and widen its offers so its members have multiple resources that they can turn to.
Undeniably, the Pag-IBIG Housing Loan is the most popular offer of the Fund. Truth be told that countless Filipinos from different walks of life were able to achieve their dream house through the offer.
However, truth be told that there are also several Filipinos with an existing housing loan who finds it hard to achieve their other goals in life because most of their budget goes to the monthly amortization. Meanwhile, for the member-borrowers of the Pag-IBIG Housing Loan offer, there is the Pag-IBIG HEAL that you may apply for.
The Pag-IBIG HEAL or the Pag-IBIG Home Equity Loan was crafted for members with an existing Housing Loan accounts who want to achieve their other goals in life. A member-borrower may apply for it to finance any of the following:
- personal purchases
- fund a home improvement project
- additional working capital for business
- capital for livelihood
- pay educational fees
- cope with health and wellness expenses
- purchase appliances / furniture / electronic gadgets
- pay utility bills
- travel expenses
- other life goals
Just like in other Pag-IBIG loans, there are qualifications under the offer of the Fund. To qualify for the Pag-IBIG HEAL, here are the eligibility requirements that a member-borrower must meet:
- an active member, or with at least one (1) monthly membership savings within the last six (6) months
- not more than sixty-five (65) years old at the date of application and not more than seventy (70) years old at loan maturity
- having the legal capacity to acquire and encumber real property, whenever applicable
- having an existing Pag-IBIG Housing Loan that has been approved or taken out for at least five (5) years as of date of application
- The existing housing loan/installment account/s must have been paid regularly and on time, within the last twelve (12) months immediately prior to the date of application. This applies whether the borrower is a principal borrower/buyer or co-borrower of the loan.
- have passed the satisfactory background/credit and employment/business check of the Pag-IBIG Fund
- have no outstanding Pag-IBIG Short-Term Loan (STL) in arrears at the time of application. If STL is in arrears, it must be updated first.
How much you may borrow under the Pag-IBIG Fund loan offer? The loanable amount under the Pag-IBIG HEAL depends on the “net value” of the home of the member-borrower. The Fund has set low interest rates for the members.
With regards to the requirements in applying for the Home Equity Loan offer, the documents required by the Fund vary depending if the member-borrower is locally-salaried, non-salaried, and overseas Filipino workers (OFWs). Here is a guide on the requirements: