PAGIBIG Housing Loan: Requirements, Fees and Processing Time

You’ve been eyeing a house and you’ve wanted to buy it for some time now. You managed to save some money, but still not enough to pay the purchase price in full. The best option right now might be to get a loan. Why not avail of a PAG-IBIG housing loan?

Here’s everything you need to know about the PAG-IBIG housing loan — from the list of documents you must submit to the application process that you must undergo to the fees that you need to pay. These are updated and valid for the year 2020.



Read on and, who knows, you might be able to buy and own that dream house of yours soon!

How to apply for PagIBIG Housing Loan

The Home Development Mutual Fund of the Philippines, more commonly known as PAG-IBIG, has been one of the usual options of Filipinos when looking for an affordable home loan.

Good news for members: PAG-IBIG has recently simplified the application steps and reduced the application requirements to make it easier for you to get a PAG-IBIG home loan! Check it out below.

Can I use PAG-IBIG Loan for my housing needs?

Of course, we all know that you can get a Pag-IBIG housing loan if you want to purchase a house, house and lot, or even a condo unit. But did you know that a Pag-IBIG loan can be used for other housing-related purposes as well, including buying a parking slot or renovating your current home?

Here’s a list of instances and cases that can be financed by a PAG-IBIG housing loan.

1. Purchase of a fully developed residential lot or adjoining residential lots, not exceeding 1,000 square meters, which should be within a residential area;

2. Purchase of a residential house and lot, townhouse or condominium unit, inclusive of a parking slot, which may be:

  • Old or brand new;
  • A property mortgaged with the Fund;
  • An acquired asset of the Pag-IBIG Fund; or
  • Adjoining houses and lots/ townhouse/ row houses/ condominium units.

Take note that the the subdivision project where said residential units are located must have complied with all required facilities pursuant to BP No. 220, or the law on Economic and Socialized Housing in the Philippines.

3. Construction or completion of a residential unit on a residential lot owned by the borrower or a relative of the borrower based on accommodation of mortgage;

4. Home improvement on the house owned by the borrower, such as alteration/s in an existing residential unit intended by the borrower to be a permanent integral part thereof, which will enhance its durability and material value;

5. Refinancing of an existing housing loan with an institution acceptable to the Fund, provided that, the account is updated at least one (1) year old upon application as supported by the borrower’s official receipts or by a Statement of Account issued by the financing institution signed by the Manager or Account Officer.

6. Combination of loan purposes, which shall be limited to the following:

  • Purchase of a fully developed lot not exceeding 1,000 square meters and construction of a residential unit thereon;
  • Purchase of a residential unit, whether old or new, with home improvement;
  • Refinancing of an existing mortgage with home improvement;
  • Refinancing of an existing mortgage, specifically a lot loan, with construction of a residential unit thereon.

7. Combination of loan purposes plus cost of transfer of title, which shall be limited to the following:

Purchase of residential unit and transfer of title in favor of the retail borrower;

  • Purchase of a residential unit with home improvement, and transfer of title in favor of the retail borrower;
  • Purchase of residential lot and transfer of title in favor of the retail borrower;
  • Purchase of residential lot with house construction, and transfer of title in favor of retail borrower.

Am I eligible to apply for Pag-IBIG Housing Loan?

If your housing needs is one of the reasons listed above, you may decide to take out a loan from Pag-IBIG. But are you eligible? Check below if you satisfy the following requirements and conditions.

1. Of course, first and foremost, you must be a Pag-IBIG member in order to apply. Specifically:

  • You 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 monthly membership savings (MS). Similarly, a member with less than 24 MS may pay his MS for the lacking months. For both cases, the lump sum payment shall be based on MS that correspond to the loan amount applied for.
  • For Overseas Filipino Workers (OFWs) who are Pag-IBIG I members, their Pag-IBIG Overseas Program (POP) MS shall be considered in counting the total number of MS for availment of housing loans.

2. Not more than sixty-five (65) years old at the date of loan application and must be insurable; and not more than seventy (70) years old at loan maturity;

3. Has the legal capacity to acquire and encumber real property;

4. Has passed satisfactory background/credit and employment/business checks of Pag-IBIG Fund;

5. If with existing Pag-IBIG housing account, either as principal or co-borrower, said loan must be updated;

6. Has no outstanding Pag-IBIG short-term loan in arrears at the time of loan application;

7. Had no Pag-IBIG housing account that was foreclosed, cancelled, bought back due to default, or subjected to dacion en pago.

What are Pag-IBIG’s Housing Loan Requirements?

Interested to apply? Here are the documents that you need to prepare to avail of a Pag-IBIG Housing Loan.

I. Basic Requirements of Pag-IBIG Housing Loan

  1. Two (2) copies of Pag IBIG Housing Loan Application, with recent ID photo of the borrower/co-borrower (you may get this from PAG IBIG);
  2. One (1) valid ID (Photocopy, back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse, Seller and Spouse and Developer’s Authorized Representative and Attorney-In-Fact, owner of title (for Accommodation Mortgage), if applicable.
  3. For OFW members: Special Power of Attorney (SPA) notarized prior to date of departure. For OFW member abroad, a SPA notarized by a Philippine Consular Officer, or SPA notarized by a local notary (of the country where the member is working) but duly authenticated by the Philippine Consulate.
  4. Certified True Copy of the latest Transfer Certificate of Title (TCT) of the property. For Condo Units, the applicant must present TCT of the land and Certified True Copy of the Condominium Certificate of Title (CCT);
  5. Latest Tax Declaration of the property;
  6. Photocopy of latest receipt for Real Estate Tax (Amilyar);
  7. Vicinity Map/Sketch of the Property
  8. Insurance Coverage
  • A. Health Statement Form (Medical Questionnaire)
  • For borrowers over 60 years old
  • For borrowers up to 60 years old, if loan is over P2.0 M to P6.0 M
  • B. Health Statement Form (Medical Questionnaire) and Copy of the result of medical examination conducted prior to assignment overseas as required by the employment agency
  • For OFW borrowers over 60 years old

II. Proof of Income Documents

In addition to the basic requirements above, applicants must also submit the following “Proof of Income” documents depending on their employment type or source of income.

A. If you are employed in the Philippines, any of the following may be submitted as Proof of Income:

  1. Notarized Certificate of Employment and Compensation (CEC), indicating the gross monthly income and monthly allowances or monthly monetary benefits received by the employee;
  2. Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application, with attached BIR Form No. 2316, stamped received by the BIR;
  3. Certified One (1) Month Payslip, within the last three (3) months prior to date of loan application (For government employees, the Certified One (1) Month Payslip within the last three (3) months prior to date of loan application, must be submitted together with CEC or ITR.)

B. If you are self-employed in the Philippines, any of the following documents are accepted as Proof of Income:

  1. Income Tax Return (ITR), Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit;
  2. Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months);
  3. Bank Statements or passbook for the last 12 months (in case income is sourced from foreign remittances, pensions, etc.);
  4. Copy of Lease Contract and Tax Declaration (if income is derived from rental payments);
  5. Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs);
  6. Certificate of Engagement issued by owner of business;
  7. Other document that would validate source of income

C. If you are an Overseas Filipino Worker (OFW), any of the following may be submitted as Proof of Income:

1. Employment Contract

  • Employment Contract between the employee and employer; or
  • POEA Standard Contract

2. Certificate of Employment and Compensation (CEC)

  • CEC written on the Employer/Company’s official letterhead; or
  • CEC signed by employer (for household staff and similarly situated employees) supported by a photocopy of the employer’s ID or passport;

3. Income Tax Return filed with Host Country/Government

Prepare the following documents because Pag-IBIG may require OFW applicants to submit any or all of the following:

  • Payslip indicating income received and period covered
  • Valid OWWA Membership Certificate
  • Overseas Employment Certificate (OEC)
  • Passport with appropriate visa (Working Visa)
  • Residence card/permit (permit to stay indicating work as the purpose)
  • Bank remittance record
  • Professional License issued by Host Country/Government

NOTE: If any of the above are in foreign language/s, English translation of the document is required.

III. Requirements upon Loan Approval and Prior to Release of Loan Amount

  1. TCT/CCT in the name of the borrower/co-borrower/s (if applicable) with proper mortgage annotation in favor of Pag-IBIG Fund (Owner’s Duplicate Copy);
  2. TCT/CCT in the name of the borrower/co-borrower/s (if applicable) (Certified True Copy) with proper mortgage annotation in favor of Pag-IBIG Fund (RD’s copy);
  3. Updated Tax Declaration (House and Lot) and Updated Real Estate Tax Receipt (Photocopy) in the name of the borrower/co-borrower/s, if applicable;
  4. Loan Mortgage Documents, including:
  • a. Loan and Mortgage Agreement duly registered with Registry of Deeds with original RD stamp;
  • b. Deed of Absolute Sale duly registered with Registry of Deeds with original RD stamp;
  • c. Duly accomplished/notarized Promissory Note; and
  • d. Disclosure Statement on Loan Transaction.

How to Apply for Pag-IBIG Housing Loan?

Here’s an infographic summarizing the application steps that you need to undergo if and when you’ll apply for a Pag-IBIG housing loan. Details of each step are also explained below.

Step 1. Application

Download or secure a copy of the Housing Loan Application (HLA) which you must fill out in two (2) copies. You may also complete the application form online (via www.pagibigfund.gov.ph) but you still need to print the copies and you have to choose a scheduled date of submission that you will visit your preferred Pag-IBIG branch.

With your HLA (2 copies) and other required documents on hand, go to any Pag-IBIG branch to submit the requirements. You are also required, at this stage, to pay the P1,000 processing fee and P2,000 appraisal fee, plus the remainder of the lump-sum Membership Savings (assuming you haven’t completed the required 24 MS).

Get the Pag-IBIG Fund Receipt (PFR) and Payment Order Form (POF) after you have paid. Photocopy the PFR and submit 1 copy to Pag-IBIG’s Mortgage Loans Specialist/ or Member Services Officer. You will then be given a copy of the Housing Loan Application Acknowledgement Receipt (HLAAR) which serves as your proof of received application.

Step 2. Processing

Within six (6) working days from the submission of your application, you will receive a call or notice from Pag-IBIG regarding the results of Credit Investigation and Property Appraisal. This is not yet about the results of your loan application, but more on the results of evaluation regarding your credit-worthiness or your ability to pay the monthly amortizations.

If you passed the Credit Investigation (CI), you will then receive another call this time regarding the schedule of the appraisal of the property. After the property appraisal, this is the time you will be informed if your housing loan is approved or disapproved.

Step 3. Release of Loan Proceeds

If approved, you will be asked to visit the Pag-IBIG office to receive and sign the following documents:

  • Notice of Approval (NOA)
  • Letter of Guaranty (LOG) (applicable to all loan purposes except for Construction of House and Home Improvement)
  • Disclosure Statement on Loan Transaction (DSLT)
  • Loan and Mortgage Agreement (LMA)
  • Promissory Note (PN)

Take note, at this point, you’re still not yet going to receive the loan proceeds. You will be required to submit all documents identified in the NOA. You are given ninety (90) days or three (3) months to submit all requirements, although of course, the earlier you submit the documents, the earlier you can also get the money you need.

Once you have completed and submitted all required documents, congratulations! The loan proceeds check will now be prepared. To pick up the check, you must present two (2) valid IDs plus either of the following which will authorize the payment of your monthly loan amortization:

  • Twelve (12) post-dated checks to cover the first 1-year monthly amortization; or
  • Signed “Authority to Deduct” form which will be used to deduct your monthly amortization from your salary / payroll

What are Pag-IBIG housing loan fees that I need to pay?

Unfortunately, applying for a PagIBIG housing loan is not free. Applicants are required to pay the following upon submission of the loan application:

  • P1,000 Processing Fee – upon filing and submission of the housing loan application with required documents. Take note, this amount is non-refundable.
  • P2,000 Appraisal fee – also to be paid upon filing of loan application.

Upon loan take-out, the following fee is charged:

  • P2,000 to be deducted from the loan proceeds, once the loan is approved and ready for release.

What is the Loan Processing Time?

The actual time it will take to process and release your loan proceeds will depend on when you will be submitting all required documents. All in all, though, assuming you’re able to submit all required documents within just one or two days, you can expect the loan proceeds to be released within one (1) month!

As per Pag-IBIG, for transactions that they will perform on their part, it will take them the following processing times:

RankBANK / INSTITUTIONUITFJan-Apr 2019 Gain (Loss) %
1Union BankUnionBank High Net Worth Medium-Term Peso Fixed Income Fund6.38%
2Union BankUnionBank Philippine Peso Fixed Income Portfolio5.96%
3Asia United BankPeso Investment Trust Fund4.88%
4BDO Unibank, Inc. BDO MERIT FUND MEDIUM TERM PORTFOLIO4.54%
5Maybank Philippines Inc.Maybank Tiger Peso Bond Feeder Fund4.03%
6BDO Unibank, Inc. BDO PERA BOND INDEX FUND3.45%
7BDO Unibank, Inc. BDO PESO BOND FUND3.37%
8BPI Asset Management and Trust CorporationOdyssey Peso Medium Term Bond Fund3.14%
9BDO Unibank, Inc. BDO GS FUND3.11%
10Metropolitan Bank & Trust Co.Metro Max-5 Bond Fund3.10%
11Metropolitan Bank & Trust Co.Metro Aspire Bond Feeder Fund2.99%
12Manulife Asset Management and Trust Corporation (MAMTC)Manulife Asia Dynamic Bond Feeder Fund (PHP Unhedged Class A)1.80%
13Philippine Business BankDiamond Fund----

The key, therefore, to getting the loan proceeds released as soon as possible is to submit all complete and correct requirements. Get details from the Pag-IBIG staff regarding the documents that you’re supposed to submit so that you won’t have to go back and forth the Pag-IBIG fund office and for the processing of your application to not be delayed.

What are Pag-IBIG Housing Loan Rates?

Here are the latest published interest rates that Pag-IBIG charges on their housing loans. These interest rates are charged annually, and would vary depending on the fixed pricing period that you will choose.

Loan Duration (Fixed Pricing Period)Interest Rate per Year
1 Year5.375%
3 Years6.375%
5 Years7.270%
10 Years8.035%
15 Years8.585%
20 Years8.800%
25 Years9.050%
30 Years10.000%

The interest rates are explained in detail, with sample computation of monthly amortization, in this article: PAGIBIG Housing Loan Interest Rates

If you have questions or clarification, visit or contact a Pag-IBIG office near you. Hope you can own your dream property soon!

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46 thoughts on “PAGIBIG Housing Loan: Requirements, Fees and Processing Time”

  1. There is too many lending company nowadays and it’s hard for my father to choose which is the best. I hope some one from this page can help me. My father is an ofw for over a decade and he is planning to put up a dream business. Please help us guys!

  2. Timely post ! I loved the facts , Does anyone know where my assistant can access a fillable PH HQP-SLF-001 document to fill out ?

  3. I and my husband got married this Dec 04,2017. My contribution in Pagibig reached more than 24 months already however my husband is now planning to apply for it . Based on the requirements for housing loan ,I am qualified .But my question is since we both planning to get a housing loan and wants to combine our contributions ,will it be possible ?

  4. May lot po ako nabinenta at yung buyer gusto po iloan sa pag ibig 50%lng muna ibabayad nya at ako hintayin ko yung gauranteed letter mula sa pag ibig gano pa katagal at pag release ng gauranteed letter

  5. Diane Crizeth Garro

    Hi po.Ask ko lang need ko pa po magpasa ng itr.since wala naman po any deduction from may employer.i’m a on call wedding coordinator po.worried po ako regarding this matter.Nakapag pa-reserve na po ako ng unit last month.On going na po yung completion of requirements ko.Only ITR lang po ang wala ako. Ini-update ko na din po yung contribution ko thi year as self-employed.Anu pa po yung mga need ko iready?

    Your acknowledgement is highly appreciated.

    Thanks and God bless 🙂

  6. jonalyn b. valera

    dear maam/sir:
    Good Day!
    i want to avail housing loan, possible location is plaridel or baliwag bulacan.
    thank you.

  7. We would like to speak with Pag Ibig representative directly for assistance meeting the requirements for a loan Pag Ibig Mortgaged Property.

  8. Hi,

    Would like to ask if apartment construction (e.g. 10 door apartment) can be used to apply for a pagibig loan

  9. — Please update your info
    Ask ko lang po kc may kinukuha kaming rent to own house then fully paid n namin ang downpayment kompleto n din ang ang documents namin ang problema nga lang is hindi pa agad masubmit ng developer Ng documents namin dahil may inaayos p daw cla pero pauwi n po kc ang husband ko n ofw sa saudi at mag end of contract n din sya ngaung may by april pa daw masubmit nf developer ang documents namin sa pag ibig possible ba na hindi maaprobahan ang housing load namin

  10. Jethro Masinlang

    Hi. Tanong ko lang po, kapag nag loan po ako sa PAGIBIG, buo ko po makukuha yung pera? Ex: Loan amount ko ay P2,000,000, marerelease po ba ng buo yung P1,998,000?

  11. Arcel harry rayan

    May gusto po kmi bilin lote na may nakatayo n unfinished house,900 sq.m ang lote..ano po ang requirements?

  12. Good day maam/sir gusto ko po mag apply ng housing loan.member since year 2000 to present ako ng pag ibig at ofw po ako ask ko po kung may meron po kayung mga residential house and lot sa goodwill 2 subdivision sucat paranaque cit na puwede ko po apply ng pag ibig loan. Salamat po.

  13. Good day maam/sir gusto ko po mag apply ng housing loan.member since year 2000 to present ako ng pag ibig at ofw po ako ask ko po kung may meron po kayung mga residential house and lot sa goodwill 2 subdivision sucat paranaque cit na puwede ko po apply ng pag ibig loan. Salamat po.

  14. Almost 4 years na po ako member ng Pag-ibig,public teacher po ako…Gusto ko po sana mg housing loan pra mka pg paggawa ng bahay costs 500 000,yung lupang nbili ko hndi pa ntransfer ang title sa akin..deed of sell lang po hawak ko..ano po dapat ko gawin para mka avail ng housing loan?from Masbate po ako.salamat.

  15. hello po,
    gusto po sana nang husband ko na mag loan kaso naka co-borrower siya sa loan nang kapatid niya noong single pa siya at na foreclose ang ni loan nang kapatid niya pwede po ba na maka loan ang husband ko?

  16. hi, i have MPL way back 2015 and nastop ako sa payment since iresigned. im still employed as of this day. mkaka avail ba ako ng housing loan?

  17. pano pag sa parents ko nakapangalan yung titulo ng bahay na ipapa ayos ko. pwede ba yon or kelangan ilipat na ang pangalan sa akin?

  18. Hi!..tanong ko lang sana kung pwede po ako mka pag housing loan sa pag ibig singapore PR po ako at house wife.tapos singaporean husband ko.sya mag guarantor mag bayad nang monthly payment sa loan.pls advice thank u!

  19. Good day!

    Tanong ko lang po if pwede po ba mag-add ng home improvement loan if i still have an Housing Loan(acquired asset)?

    Hoping for your fast response.

    Thank you

  20. Good day! Hiwalay kami ng asawa ko..kaso di pa kami separated. Since wala naman akong financial support sa asawa ko at ako lamg naman magbabayad ng kukunin kong foreclosed property, pwede ko ba ideclare ma searated kami para di ko na sya papirmahin? Ayaw.ko rin malaman nya na kukuha ako ng bahay. Thank you.

  21. Hello, I want to share with you this Honest Loan lending company that lend me a loan to start up a business and pay up my bills with low credit. i am very happy now. contact Email: Halifaxloan@fastservice. com

  22. Hi there,
    i just wanted to ask am I eligible for housing loan? possible location San Mateo Sorrento Subdivision phase I am planning to buy house & lot

  23. Hello po, matagal na po namin gusto kumuha ng Bahay sa pagibig kaso po medyo naguguluhan po ako, pag nag housing loan po ba kailan po yung balak ko po bilhin na Bahay nalipat na yung mother title sa name ko po bago i file sa inyo ang loan ? O hbng finafile ko po ang loan ko?

  24. Ongoing poh Yung papers ko for House and lot loan sa pag-ibig. Seaman poh ano SA ngyon kc nasa bakasyon ako at wala pang date kung kailan ulit ang Sampa. Tumawag sakin yung developer ko kailangan dw AKO mgprovide Ng latest COE. Nabigay ko n yung last COE ko sa previous contract ko. Ngyon wala ako maprovide kc wala p ako schedule ng next sakay ko. Kailangan dw with in 10 days maprovide ko Yung bago Kong COE. Kung Hindi ica2ncel ng pag-ibig yung loan ko. Ano pwede kong gawin?

  25. I have a lot purchased from SSS in 2017 payable for 10 years..can I avail for home construction in pagibig? if I’m qualified, how much is the loanable amount/percentage of the loan per annum and what is the requirements?

    1. Hi ask ko lang.. Kumuha kasi ung friend ko ng bahay 5 years ago then iniwan din nya kase malayo at mag isa lang nya ask lang nya from 5 years balak sana nya mag loan sa pag ibig uli makakapag loan paba sya ng pera? Still nagwwerk naman sya.. Or blocklisted na sya dina pwede magloan?

  26. magandang araw sa lahat. sana may maka sagot sa tanong ko. isa po akong ofw dito sa saudi. ang gross monthly income ko po ay nasa 45k. ito po yung tanong may nagbbenta ng lypa samin worth 150k. plano ko po sana i. apply sa pagibig at mag loan ng 500k. para sa pagbili ng lupa at papatau narin ng maliit na bahay. pwdw po kaya yun?

  27. My brother, JoJo Lampa, is trying to pay off this loan with the Pag-IBIG Fund- Collection-Accounting Billing & Ledger Office

    HLIDNO- 316013498016 MID No: xxxxxxxxxxxx
    BORROWER: TESTON, MAY TAMBA PROG_CD: EHCT99 PROGRAM: CTS
    PURPOSE: Full Payment CIRCULAR: 232
    ORIGINATOR: HOME DEVELOPMENT STATUS:
    MUTUAL FUND
    PROP. LOCATION: Lot 46 Blk 15B CITIHOMES RESORTVILLE BRGY LANKAAN,
    DASMARINAS CAVITE

    The last payment the owner made on this property was on 8/22/2018
    under PFR # ER20152017 in the amount of P28.88.

    So the owner, Tamba May Teston, was behind on her payments and is trying to sell this property. So my brother, JoJo Lampa who is renting a home just a few houses away, gave $3,000. USD for a down payment and has the final payment ready to pay. However, Tamba May Teston’s husband signed the sale document.

    I dont believe he has the legal right to sell his wife’s property because ONLY HER NAME is on the loan document with Pag-IBIG Fund.

    Now he says his wife is in Thailand and he needs the rest of the money to bring her back to Phillipines to sign !!!

    I believe he is trying to sell Pag-IBIG’s home illegally, and my brother has already paid $3,000. USD how can my brother put a lien on this property ?

  28. Hello Pag-Ibig, pwede po ba ako mag apply ng pag-ibig housing loan pang renovate/pang tapos sa house namin sa province,,, hindi ko sakin naka name ang titulo sa parents po ng husband ko … pwede po kaya yun.salamat

  29. We’ve already applied a loan, we are about to purchased a land in Antipolo the problem was the land was very problematic and the we ask Pagibig for an extensions while we working on the problems although it was a clean title but because it was too old we had to iron out some problems with it. And now Pagibig canceled our application.. can we re apply it.. we really need your advise on this.. thank you.

  30. Hello po,
    May lote po akong binili 35 sq.meter po,,pwde po ba eloan para matayuan ng bahay,tapos pwde malaman magkano din maavail ko sa laon?

  31. Hi. Kapag approved ka na sa housing loan ng Pagibig at nagsimula ka na magbayad ng monthly amortization, kailan po ba ibinibigay yun true copy ng TCT na nakapangalan na sa borrower?

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