How much is the down payment for PAG-IBIG housing loan?
Before applying for a housing loan, you should already have saved up at least 20% of the property’s value for the down payment. The higher the down payment you can afford to pay, the more likely your housing loan application will get approved.
How long does it take for my pag-ibig housing loan to be approved?
within 17 days
How Long Does Pag-IBIG Housing Loan Processing Take? According to Pag-IBIG Citizens Charter 2020, the processing of a housing loan application takes around 20 working days. When you submit your complete Pag-IBIG housing loan requirements, your loan will be processed within 17 days.
Can I avail two housing loan in Pag-ibig?
YES. A qualified Pag-IBIG member who has an existing housing loan may avail himself of an additional housing loan for the following purposes: Purchased of lot / house and lot / condominium unit / townhouse / row house adjacent to the property mortgaged with the Fund.
How will I know if I qualify for PAG-IBIG housing loan?
You must have the following to qualify for the loan: At least twenty-four (24) monthly membership savings (a lump sum payment of the required monthly membership savings is allowed); No Pag-IBIG Housing Loan that was foreclosed, cancelled, bought back due to default, or subjected to dacion en pago.
Who is eligible for PAG-IBIG housing loan?
AGE: At least 18yrs old and a regular employee but not more than sixty-five (65) years old at the date of loan application and must be insurable; provided further, that he is not more than seventy (70) years old at loan maturity; 4. Has the legal capacity to acquire and encumber real property; 5.
How much is the monthly payment in PAG-IBIG?
The monthly Pag-IBIG Savings is pegged at just Php100. This savings rate is based on the corresponding provisions of Republic Act No. 9679. Employed members immediately double their monthly savings with the counterpart share of their employees.
How much is the monthly payment in Pag-IBIG?
Who is eligible for Pag-IBIG housing loan?
Must be a member under Pag-IBIG I Membership Program for at least twenty-four (24) months, as evidenced by the remittance of at least 24 membership savings (MS) at the time of loan application. A new member who wishes to apply for a housing loan shall be required to pay in lump sum the required 24 MS.
Who is entitled for Pag-IBIG housing loan?