Requirements for Pag-IBIG Housing Loan – Here’s What You Will Need to Apply

by in Categories Loans

Guide on Requirements for Pag-IBIG Housing Loan Offer Application

REQUIREMENTS FOR PAG-IBIG HOUSING LOAN – Here is a list of the documents that you will need in applying for Pag-IBIG Housing Loan.

Millions of Pinoys are members of Pag-IBIG Fund, a government agency that is mainly known for its housing loan offer. Its loan offer serves several purposes including the financing of a residential property acquisition, loan take-out, and house construction.

requirements for Pag-IBIG Housing Loan
Photo Credit: iMoney

Under the Pag-IBIG Housing Loan offer for members who have posted at least 24 monthly savings, the loanable amount depends on the approval of the government agency. There are requirements for Pag-IBIG Housing Loan application. Here are the documents that you must submit upon the loan application:

  • two (2) copies of duly-accomplished Housing Loan Application Form
  • recent ID photo of borrower/co-borrower
  • one (1) valid ID
  • Proof of Income:
    • If the applicant-borrower is employed:
      • Latest Income Tax Return (ITR)
      • Certificate of Employment and Compensation (CEC) (It must contain the gross monthly income of the applicant and all the monetary benefits received)
      • one-month payslip
    • If the applicant-borrower is self-employed:
      • Certificate of Engagement issued by owner of business
      • Commission Vouchers reflecting the issuer’s name and contact details
      • Certified True Copy of Transport Franchise
      • ITR, Audited Financial Statements, and Official Receipt of tax payment from bank
      • Copy of Lease Contract and Tax Declaration
      • other document that would validate the source of income
  • Transfer of Certificate of Title
  • Updated Tax Declaration and Real Estate Tax Receipt
  • Vicinity Map / Sketch Map leading to the property subject of the loan

To apply for the loan offer, bring your documents to Pag-IBIG Fund and submit them. The loan processing may take up to 20 days since the day that you completed all the requirements and they were received by the government agency.

You may visit – Pag-IBIG Cash Loan Offered To Members through Multi-Purpose Loan

Leave a Comment