Here’s a guide on determining how much loan can a Pag-IBIG member borrow.
Many Filipinos rely on Pag-IBIG to help them build home they can call their own. Just like any other loaning institution, there are a number of requirements to comply with to guarantee that members do not default in their monthly amortizations. Below are some ways to know the total amount you’re entitled to.
Related Question: How much is monthly Pag-IBIG contribution?
Generally, members can get a housing loan from Pag-IBIG from P100,000 to P3,000,000. The total loan amount each member is entitled to will depend on two factors. The first is the monthly contribution that a member can comfortably pay Pag-IBIG. The second factor is the member’s net disposable income. Pag-IBIG will review these conditions to determine your capacity to pay the monthly amortizations.
Capacity to Pay Pag-IBIG Loan
A table is provided, which will show the total loan that each member is entitled to, based on their monthly contributions.
For example, a monthly contribution of P200 will let people loan up to P500,000, while P400 will allow individuals to loan between P900,000 and P1,000,000. A monthly contribution of P950 a month will allow them P1,900,000 to P2,000,000 and a monthly contribution of P1,450 will allow members to avail of the maximum amount range of P2,900,000 to P3,000,000. POP or OFW members will have to convert the figures from US Dollars to Philippine Peso.
As a rule, Pag-IBIG members are entitled to a loan with a monthly amortization amounting only up to 40% of their net disposable income. A table will also be provided to properly guide members the range that they will fall into.
Calculate the total loan plus interest per year by the total number of years you plan to pay the full amount. Divide the loan amount by the period (years divided by 12) and then factor in the interest rate per year. Get 40% of your net disposable income. If the monthly amortization is less than 40% of the net disposable income, you are eligible for the amount.
General Requirements
1. Member has complied with minimum number of 24 monthly contributions
2. Member has sufficient disposable income and should have no outstanding housing loan from Pag-IBIG or have a Pag-IBIG loan that was canceled, foreclosed, bought back by Pag-IBIG or made into a dation in payment.
3. Members must have no multi-purpose loans in arrears upon application. The age limit for applicants is 65 years old at the time of loan application.
dapat sana 55yrs old pwedi ng mag avail ng retirement, sana e amend nla ang dating batas
pano ko malaman kung ilang taon na aq nag hulog sa pad ibig number q palage kc aq kinal tasan tuweng sahod nung nasa chowking pa aq.panu q malaman kung mag kano na po nahulog q 6yrs na po aq nag hulog
do i get pensions from pag- ibig same with SSS if i will continue my monthly contributions and how much ill receive w/ a 500peso monhtly contributions?
good afternoon.. sir madam aq po ay isang OFW d2 xa saudi finish 2yrs contract this coming July pwedi po ba aq mag avail ng loan true PAGIBG
sir madam incase ayaw kong magloan dito pede po bang i lumpsum ko pag nag 4 good na ko
wish to work-out for housing loan this year thank you.
paano mag avail ng haousing loan ang isang ofw? maari ba na ang kanyang benificiary sa pinas ang mag fill-up ng forms and other porcess
If your spouse has a outstanding loan upon death who pays for it?
ilang taon ba bago makapagloan nang pag ibig
Help nio po aq pno po mgloan ang ofw s pg ibig grazie
goodmorning. how many years the maximum paying of pag-ibig?please reply.thanks
Pwede b mg
Is this the same PAG-ibig organizations that is in question related to Binay’s inquiry. No wonder he is in charge of the OFWS, with those membership money the OFW are paying. I am getting suspicious again. When it comes to money matter, that’s a big organization. I wish that woman in charge of that organization to keep tab on the collections and start asking if any money is being channeled some place else.
pwede po ba malaman namin dto f may contribution sa pag ibig ang name na ito.? leynn altavano……plssss! OFW po ito
how can i apply pag ibig loan sample housing loan.what is the procedure?
What if we don’t want to loan we just want
What if cash ang kunin ko pwdi bah yun? Kasi ipapagawa ng bahay?
panu po yan ofw po ako gusto ko sana na magloan ng pera para makuha ko ung lupa na gusto kng bilhin samin pwd po ba ako makaloan anu po ba ung dapat kong gawin pwd nyo ba ako bigyan ng advise para nmn may makita ako sa pinaghirapan ko bilang ofw
pnu po mgaply ng house loan?
gusto ko lang itanong sa pag-ibig management as an pag-ibig if sakaling gusto kung magloan para sa multi purpose loan magkanu ba ang maximum amount na puedi kung maavail..?
Pano po tanong lang nghulog po ako noon NASA Qatar pa ako
Pwede po. Kaya ako mag loan or kailngan magbayad uli
hello po gusto ko po sanang mag home improvement loan.. ano po ang kailangan pra mag apply?sa dec,ang uwi ko sa maynila po ako nagpa member pwede po bng sa cdo ako mag apply ng loan ko,thank you more power po
ask ko lang po what are the requierements needed to apply for cash loan cuz my sister is an ofw member,?
ako po ay ofw d2 sa saudi ask ko lng pwde d2 nq mg process for housing loan
Pag sakali bang mag loan Ako ng cash sa pagibig magkaano ba mhihiram ko ang contribution ko ay1,000ph.per mnt.at ang salary ko ay 40,000 a mnt.30 months na akong naghuhulog sa contribution ko.ilan mints bgo mrerelease ang pera OFW po ako
Please reply it as soon as possible Thank you
Hi Sir /Ma’am
Isa po akong OFW at gusto ko po sana mag cash loan po… kung babayarang ko po yung mga months na hind ko po nabayaran entitle po ba ako??Please response po..Thank you