I haven’t decided on which property to buy yet. (+632) 815 1888 5. The best part of being a Pag IBIG member is you get to keep all your contributions into your own savings account. A link will be emailed to their e-mail address. What is the process of applying for a Land Bank loan? Pag IBIG will notify you regarding the status of your housing loan application within 17 days. Choose the Pag IBIG housing loan program that matches your current income level. Sooner or later, the house you’ve loaned for would be an investment that you can leave to your family and that if you’ll retire, you no longer need to think of where you should live or what business should you have for you have long invested and saved on it before your retirement. You can use the Pag-IBIG loan. Contrary to popular belief, a Pag IBIG housing loan isn’t only used to finance the construction of a new house. Submit complete requirements to Pag IBIG Fund. Basically, it refers to the monthly payments that you’ll make for the next coming months and years to pay off the Pag IBIG housing loan. conducted by the Pag IBIG Fund. d. Has passed the background checks (credit/employment/business, etc.) Ideally, the loan amount shouldn’t exceed your three-year salary while your mortgage or monthly amortization shouldn’t go beyond 20-30% of your gross monthly income. A Pag-IBIG member can borrow a maximum of P6,000,000, but the actual amount you can borrow is based on your need and your capacity to pay. Metrobank and BDO) and up to 6.50% for a 3-year fixed pricing period. Notarized Certificate of Employment and Compensation (CEC) showing your gross monthly income, allowances, or monetary benefits. Required fields are marked *. Thank you for this article! Qualifications: Pag IBIG only offers housing loans to its members. This is to assist them with their credit needs and to help them recover from damages caused by natural calamities. a. Php 2,000 upon loan take-out (to be deducted from loan proceeds). Surety bond (for properties that are subject to the lien imposed by Section 4 Rule 74 of the Rules of Court). Return to the Pag IBIG upon consumption of the 10 PDCs (exclusive of the remaining 2) to issue another 12 checks. These include assured market, extension and administrative services, irrigation. For this reason, Pag IBIG housing loan can now compete with banks that offer housing loans with a similar interest rate of 5.5% for the first year (e.g. Buy a fully-developed lot not exceeding 1,000 sq.m. 9. f. Carefully assess your current income and determine how much of it you can set aside for the monthly amortization. Even the 2020 pandemic is not a hindrance to avail of the government’s low-cost housing loan. Other documents that can validate or prove your source of income. eval(ez_write_tag([[300,250],'ofwmoney_org-banner-1','ezslot_3',142,'0','0']));Telephone: (+632) 405-7000, 1-800-10-405-7000 (PLDT Domestic Toll Fee), e-mail: email@example.com. Pag-IBIG Home Development Mutual Fund (HDMF). Land Bank’s Agrarian Reform Program seeks to give credit assistance to farmers and farmworkers an equitable distribution and ownership of land, so as to give them the opportunity to enhance their dignity as well as the quality of their lives through a greater productivity of their agricultural lands. During that visit, ask for a copy of your Membership Status Verification Slip (MSVS).
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