ELIGIBILITY

☑  Active member with least 24 months savings

☑  Not more than 65 years old at the date of loan application and is not more than 70 years old at the date of loan maturity

☑  Legal capacity to acquire and encumber real property

☑  No Pag-IBIG housing loan foreclosed, cancelled, bought back, or voluntarily surrendered

☑  If with existing Pag-IBIG Housing account or Short Term Loan (STL), payments must be updated

LOAN PURPOSE

☑  Purchase (plus cost of transfer) of residential lot or adjoining residential lots (max 1,000 sq.m.)

☑  Purchase (plus cost of transfer) of residential house & lot, townhouse or condominium unit (old or brand new, property mortgaged w/ the Fund, adjoining houses/units) inclusive of a parking slot

☑  Construction of house

☑  Improvement of house

☑  Refinancing of an existing housing loan

☑  Combined Loan Purposes

REQUIREMENTS

FROM BORROWER

☑  Housing Loan Application with recent ID photo of borrower/co-borrower (if applicable) (2 copies, HQP-HLF- 068/HQP-HLF- 069)

☑  Proof of Income

• For Locally Employed

• For Self-employed

• For Overseas Filipino Workers (OFW)

☑  One (1) valid ID (Photocopy, back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse, Seller and Spouse and Developer’s Authorized Representative and Attorney-In-Fact, (if applicable)FROM SELLER (and/or BORROWER)

☑  Transfer Certificate of Title (TCT) (latest title, Certified True Copy). For Condominium Unit, present TCT of the land and Condominium Certificate of Title (CCT) (Certified True Copy).

☑  Updated Tax Declaration (House and Lot) and Updated Real Estate Tax Receipt (photocopy

☑  Vicinity Map/Sketch Map leading to the Property subject of the loan

BY LOAN PURPOSE

• For Purchases through Pag-IBIG Accredited
    Developers

• Purchase of Lot/Residential Unit

• House Construction/Home Improvement

• Purchase of Lot with House Construction

• Refinancing

MODES OF PAYMENT

☑  Salary deduction through Employer Collection Servicing Agreement (CSA)

☑  Post-dated checks

☑  Auto debit arrangement with banks

☑  Accredited collection partners»  Local Remittance»  Overseas Remittance

COLLATERALS & LIMITATION

COLLATERALS

☑  Clean Title (TCT/OCT/CCT)

»  Not accepted as collateral:

•  “Rights”

•  Free Patent not covered by RA10023

•  With disputes, claims in the court

LIMITATIONS

✗  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

ADVISORY

ATTENTION TO ALL HOUSING LOAN BORROWERS

As mandated by R.A. 9510 pr the Credit Information Systems Act (CISA), the Pag-IBIG Fund is required to submit its housing loan borrower's Basic Credit Data and other credit information to the Credit Information Corporation (CIC).

CISA aims to address the need for a comprehensive, centralized and reliable credit information system, thereby establishing the creditworthiness of the borrower.

All data submitted to the CIC shall be covered by strict confidentiality and shall be used only for the declared purpose of the Act.

Thank you.

SOURCE:

https://www.pagibigfund.gov.ph/Availmentofnewloan.html