Pag-IBIG Fund’s Affordable Housing Program

Pag-IBIG Fund makes it possible for minimum-wage and low-income earners to own a home. They offer housing loan options to their members and it includes Pag-IBIG Fund’s Affordable Housing Program. This program is perfect for all members who are minimum-wage earners whose monthly gross income does not exceed P17,500.

If you’re a minimum-wage earner member and you wanted to know how to apply for this program. This might help you.

Purposes of the Loan:

• Purchase of lot
• Construction
• Improvement
• Refinancing an existing housing loan

Who are Eligible to Apply?

• Not more than 65 years old
• Member who have at least 24 months savings
• Has legal capacity to acquire and encumber property
• No foreclosed loan
• Payment must be updated (if with existing short term loan)

What are the Requirements Needed?

• For Self-employed
  • Valid IDs
  • Loan Application
  • Income tax return
  • Proof of income
  • Bank Statement
  • Copy of Lease Contract and Tax Declaration
  • Commission Vouchers reflecting the issuer’s details 
  • Certified True Copy of Transport Franchise
  • Certificate of Engagement
• For Employed
  • Valid IDs
  • Loan Application
  • Proof of income
  • Notarized Certificate of Employment and Compensation
  • Income tax return
  • Payslip
• For OFWs
  • Valid IDs
  • Employment contract
  • Certificate of Employment and Compensation (CEC)
  • Income tax return

How to Apply?

• Prepare all the requirements needed
• Visit the nearest Pag-IBIG branch in your location
• Submit all the requirements
• Afterward, you need to wait for at least 17 working days before you receive the Notice of Approval and the Letter of Guaranty
• Once received, you need to accomplish the Notice of Approval requirements within 3 months including the transfer of title and annotation of mortgage
• Go back to Pag-IBIG and receive loan proceeds
• Lastly, start paying the monthly housing loan amortization

What are the modes of payment?

• Post-dated checks
• Salary deduction through employer
• Payment to an accredited developer
• Auto debit arrangements
• Collection partners
  • Overseas remittance
  • Local remittance

If you’re a Pag-IBIG member who is a minimum-wage earner, take advantage of the affordable housing program they offer. Be able to own your dream house now with the help of Pag-IBIG Fund’s program.

For more information, you may contact Pag-IBIG using this hotline: 8-724-4244

READ:
Pag-IBIG Fund Membership Main Benefits
Pag-IBIG Multi-Purpose Loan Application