Pag-IBIG Housing Loan Interest Rates — Here’s A Guide based on the Loan Term

Guide on Pag-IBIG Housing Loan Interest Rates Members Must Be Aware Of

PAG-IBIG HOUSING LOAN INTEREST RATES – Below is a guide on the interest implemented by Pag-IBIG Fund on its Housing Loan offer based on the loan term.

The Housing Loan is the most popular loan offer of Pag-IBIG Fund that has assisted countless Filipinos acquire residential properties. They applied for a loan to Pag-IBIG and the offer encompass the financing of the following purposes:

Pag-IBIG Housing Loan Interest Rates
Photo Creditt: The Manila Times
  • a residential property purchase
  • financing of a house construction
  • financing of a home renovation
  • home loan take-out

The Fund has generously posted details about the loanable amounts under the Pag-IBIG Housing Loan offer. It has aided several small and big housing loan transactions.

Under the Pag-IBIG Housing Loan offer, the member-borrower may repay the loan for up to 30 years. That is why members really have the option to fit the term that won’t be financially burdensome to them. With regards to the Pag-IBIG Housing Loan interest rates, it depends on the fixing period.

Pag-IBIG Housing Loan
Photo Credit: BusinessMirror

Pag-IBIG Housing Loan Interest Rates

Rates per Repricing Period, effective 01 January 2022
1-Yr* Fixing5.750%
3-Yr Fixing6.375%
5-Yr Fixing6.625%
10-Yr Fixing7.375%
15-Yr Fixing8.000%
20-Yr Fixing8.625%
25-Yr Fixing9.375%
30-Yr Fixing10.000%

Pag-IBIG Housing Loan Application

Step 1 – Are you qualified? For the member-borrower to qualify for the loan offer, the Pag-IBIG member must:

  • have posted at least 24 monthly savings
  • be 65 years old and below upon the loan application and not more than 70 years old upon the loan maturity
  • having no outstanding Pag-IBIG Short-Term Loan in arrears
  • have no loan foreclosed, cancelled, or bought back due to default

Step 2 – Gather the documentary requirements. There are specific documentary requirements for the Pag-IBIG Housing Loan offer application.

Step 3 – Visit a branch of the Pag-IBIG Fund. Go to a government agency office and submit your documents for evaluation. The loan application evaluation may take a few weeks before you will be informed about the status of your application.

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