7.24.2013

Pag-ibig Housing Loan and Income Requirement

How much can you borrow from Pag-ibig to buy a home?

The amount of Pag-ibig Housing Loan that you can get is dependent on 3 factors, one of which is your Gross Monthly Income

The other 2 factors of your Pag-ibig Housing Loan amount are:
 . the value of the house you are planning to buy and
 . your monthly Pag-ibig contribution.

If your monthly contribution is low, Pag-ibig allows you to increase it so that you can qualify for your desired loan amount. Pag-ibig will help you compute the minimum monthly contribution amount.

If your Gross Monthly Income is Lower, you will be required to have a longer Loan Term.

If you want to pay your loan faster, your Gross Monthly Income should be higher.

LoanGross Monthly    No. of Years to Pay
AmountIncome(Loan Term)
in Pesosin Pesos
500,00010,468 30
11,012 25
11,936 20
13,640 15
17,322 10
28,957 5
1 Million       20,935 30
22,024 25
23,872 20
27,280 15
34,643 10
57,913 5
2 Million48,848 30
51,389 25
55,701 20
63,653 15
80,833 10
135,129 5
3 Million73,272 30
77,08325
83,551 20
95,479 15
121,249 10
202,693 5
4 Million 97,696 30
102,777 25
111,401 20
127,305 15
161,665 10
270,257 5
5 Million122,120 30
128,471 25
139,252 20
159,132 15
202,081 10
337,821 5
6 Million146,544 30
154,165 25
167,102 20
190,958 15
242,497 10
405,385 5

Source: Pag-ibig handout titled "Salient Features of the Amended Guidelines on the Pag-ibig Fund End-User Home Financing Program (Circular No. 310)", from Pag-ibig Makati, July 2013
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