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GUIDELINES ON PAG-IBIG FUND/HDMF END-USER HOME FINANCING

PROGRAMCir. No. 247
A. BORROWER ELIGIBILITY
To qualify for a Pag-IBIG housing loan under the Program, a Pag-IBIG member shall
satisfy the following requirements:
Pag-IBIG Membership
a. Must be a member under the Pag-IBIG I; Pag-IBIG II or Pag-IBIG Overseas
Program (POP) for at least 24 months as evidenced by the remittance of at
least 24 monthly contributions at the time of loan application;
b. A member, whether new or with existing monthly contributions that are still
short of the 24-month membership requirement, shall be allowed to make
lump sum payment based on the mandatory monthly membership
contribution rates (both EE and ER share) to meet said requirement at point
of loan application. Lump sum payment of membership contributions shall be
considered a single contribution for the applicable month as of the payment
date.
c. A member whose loan exceeds Five Hundred Thousand
Pesos (P500,000.00) shall be required to pay the upgraded membership
contribution rates upon housing loan approval and onwards.
d. A member who has contributed for at least two (2) years shall be required to
pay the upgraded contribution rates upon housing loan approval and
onwards.
e. For purposes of satisfying the residency requirement, the period
corresponding to the Total Accumulated Value (TAV) applied earlier to a
member s outstanding loan (offsetting) shall be considered when counting
the total number of monthly contributions, provided that the remaining TAV
after offsetting does not fall below the equivalent amount of 24 monthly
contributions.
f. Has the legal capacity to acquire and encumber real property;
g. Not more than 65 years old at the date of loan application and must be
insurable; provided further that he/she is not more than 70 years old at the
date of loan maturity;
h. Has passed satisfactory background/credit and employment/business checks
of the developer and Pag-Ibig/HDMF;
i. Has no outstanding Pag-IBIG housing loan, either as a principal borrower or
co-borrower;
However, should a co-borrower in a tacked loan signify an intention to avail
of a Pag-IBIG housing loan for himself, he shall be allowed to do so provided
the tacked loan is updated and the amount proportionate to his entitlement
has been fully paid. Hence, the co-borrower shall be released from the
original obligation and shall be allowed to avail of his own Pag-IBIG housing
loan subject to standard evaluation procedures.
j. Had no Pag-IBIG housing loan that was foreclosed, cancelled, bought back
due to default, or subjected to dacion en pago, which shall include cases
where the borrower is no longer interested to pursue the loan and surrenders
the property;
k. Has no outstanding Pag-IBIG multi-purpose loan in arrears at the time of
loan application.

B. LOAN AMOUNT
A qualified Pag-IBIG member be allowed to borrow an amount up to a
maximum of Three Million Pesos (P3,000,000.00), which shall be based on
the lowest of the following: the member s actual need, his loan entitlement
and the loan-to-collateral ratio.

000.1 M Over P 2.3 M Over P 2.7 M P 1.1 M P 2. Loan Entitlement based on Pag-IBIG Contributions A member s loan entitlement shall be proportionate to his Pag-IBIG contributions (inclusive of the employer counterpart contributions).250 M P 2 M Over P 2 M P 3 M Repricing Int.4 M P 1.3 M Over P1. C.3 M P 2.-Rate 9% 9% 10.7 M Over P 1. which shall be based on the following schedule: Loan Entitlement Based on Pag-IBIG Contributions: Pag-IBIG Membership Contributions POP Pag-IBIG I & II US & 5 200 250 300 350 400 450 500 US $ equivalent at 550 point of availment 600 650 700 750 800 850 900 950 1000 1050 1100 1150 1200 1250 1300 1350 1400 1450 LOAN AMOUNT Up to P500.9 M Over P 2.000 Over P700.000 P900.8 M P 2.9 M Over P 1.8 M Over P 1.C. Over P 2.6 M P 2.250 M Over P 1.5% 11.00 Over P500.2 M.5% Loan Amount Over 400 K 750 K same Over 750 K 1 M Over 1 M 1.1 M Over P1.9 M P 2 M Over P 2 M P 2.6 M Over P 2.4 M P 2.5 M Over P 1.000 P800.000 Over P 400 K P 750 K Over P 750 K P 1 M Over P 1 M . which shall not be lower than the original rates provided under current interest rate as mentioned above in the repricing rate.4 M Over P 1.7 M P 2.2 M P 2.P 1.9 M P 3 M Loan Entitlement Based on Capacity to Pay Monthly repayment on principal and interest shall not exceed forty (40%) of the member s net disposable income.000 P600.000 P700.6 M Over P 1.000. Pag-ibig Fund may reprice the interest rate of the loans every Three (3 ) years provided that it shall not exceed the original rate.000-P 3M.2 M P 1. Pag-ibig Fund shall reprice the interest rate of loans every Three (3) years at rates based on the prevailing market rates at point of repricing.8 M Over P 2. .5 M P 1.2 M Over P1. For Loans over P400.000 P 1M Over P 1M P 1. as supported by Income tax Return or Latest Payslip.3 M P 1.250M Over P 120 M P 2 M Over P 2 M 3 M Interest Rate 6% 7% 8.5% 13.000 Over P900.5% 9.5 M P 2.1 M P1.5% 10.7 M Over P 2.5% Note: For loans up to P400.000 Over P600.5 M Over P 2.000 Over P800.4 M Over P 2. INTEREST RATE & REPRICING Loan Amount Up to P 400.6 M P 1.8 M P 1.5% 12.5% 11.

f. . E.00) which shall be paid as follows: For Window 1 a.000) upon loan take-out. pls See par. For OCW Latest POEA Contract G. Duly notarized Certificate of Employment and Compensation. Loans counseling from HDMF duly endorsed by Developer.) Three Thousand Pesos (P 3. ITR w/ W2 or BIR form 2316 duly received by the employer. g. Marriage Contract b. Current 1 x 1 picture 3 pcs. Upgrade Contribution if necessary ( depending on loan amount desire. REQUIREMENTS Certificate of Monthly Remittance from the employer. and shall in no case exceed the difference between the present age and age seventy (70) of the principal borrower. Note Loan term shall depend on the age of the borrower and should not be more than 70 years old at loan maturity except for POP member whose loan term shall depend on years of membership in Pag-ibig. MONTHLY AMORTIZATION WITH NET PAY REQUIREMENT Please find Annexes A & B for the monthly amortization with Net Pay requirement including its corresponding loan term schedule. Latest Service Record. MSVS Form (Pag-IBIG form endorsed by developer used in loans counseling) Pag-IBIG loans counseling questionnaire ( To be given by Pag-IBIG after the loans counseling).) One Thousand Pesos (P 1. B Loan amount) Minor Documents Required a.00) up front. Birth Certificate c.000.D. Two Thousand Pesos (P 2. For Window 2 a) b. DECS latest payroll duly authenticated by Head Office. LOAN TERM The housing loan shall be repaid at a maximum term of thirty (30) years. TIN card optional d. e. Updated Payslip including spouse if working.000) up front.000. Certificate as to Salary deduction in paying the monthly amortization (if applicable). The borrower shall be allowed to lengthen or shorten the loan term only once during the existence of the loan. LOAN CHARGES A processing fee of Three Thousand Pesos (3. affidavit of waiver to avail DECS housing loan. PNP and other members of the AFP Latest Service Record. F.

16 34.494.28 27.90 8.66 6.610.224.01 5.482.90 29.701.60 5.57 2.768.853.72 6.21 10.842.16 3.513.43 4.533.916.26 4.92 12.651.20 2.438.43 2.63 5.547.45 4..08 1.86 716.427.392.368.55 4.834.14 6.328.75 1.28 1.880.64 1.81 13.316.484.86 9.326.933.07 19.226.995.850.MONTHLY AMORTIZATION AND NET DISPOSABLE INCOME REQUIREMENTS (Cir.432.199.268.38 5.43 644.488.06 3. 2009) Loanable Amount 100K Interest Rate 6% 200K 6% 300K 6% 350K 6% 400K 6% 450K 7% 500K 7% 550K 7% 600K 7% 650K 7% 700K 7% 750K 7% Loan Term (Years) 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 Monthly Amort.383.51 2.255.605.77 5.062.05 2.09 4.93 5.127.496.23 4.80 5.332.474.979.73 12.900.235.373.77 Monthly Net Disposable Income 4.659.968.20 8.84 8.82 3.29 7.953.811.887.910.164.90 1.41 .507.60 1.97 4.885.111.180.20 2.16 11.718.65 24.11 7.870.97 4.832.991.947.90 3.63 16.798.72 2.531.326.56 11.57 7.666.109.51 22.26 7.300.098.82 8.28 13.485.86 1.71 1.24 8.80 17.993.35 13.220.79 4.16 10.62 2.79 37.63 11.714.34 16.74 8.51 5.84 4.10 20.358.652.14 3.567.03 14.67 3.860.84 3.72 2.799. 247 Effective April 1.51 10.14 3.582.770.991.318.443.102.05 8.951.25 21.657.594.440.51 2.805.50 2.598.88 4.536.49 10.240.577.74 5.398.416.35 9.932.51 2.28 3.81 12.29 3.63 14.751.149.989.865.890.044.291.943.30 599.60 8.75 6.601.691.741.44 4.729.29 1.147.48 3.964.60 6.86 13.276.642.551.43 7.89 10.687.039.21 5.246.876.51 2.176.65 6.36 9.775.76 14.660.833.814.866.31 6.791.03 4.330.867.99 15.42 11. (P+1)* 1.54 5.55 3.54 6.95 18.96 12.733.708.20 9.88 9.41 1.69 9.264.722.637.375.11 14.56 2.50 14.05 5.73 3.11 12.80 11.40 5.110.221.127.499.61 11.629.12 4.21 843.385.288.219.50 3.85 3.10 5.65 15.252.498.21 9.997.78 7.53 32.49 13.

5% 3M 11.893.40 46.252.467.86 7.63 41.158.03 26.87 80.68 27.69 69.726.68 51.73 Note: * P+1 = Principal & Interest (excluding Insurances) 41.70 11.95 137.602.00 47.53 35.63 26.630.891.50M 10.597.688.247.31 61.942.14 18.240.247.376.30M 10.14 19.261.09 42.97 34.920.68 19.387.981.853.30 17.011.111.55 14.90 30.685.862.50 67.60 23.5M 11.85 29.07 17.304.37 11.896.03 29.494.925.5% 1.129.355.943.18 43.13 50.73 13.58 6.721.855.398.649.46 18.921.439.978.13 73.62 35.70 31.37 32.09 27.413.5% 950K 8.25 79.06 24.85 20.406.651.25 16.370.5% 1.490.99 14.83 65.53 12.847.24 17.244.218.61 30.541.678.58 20.75 26.76 29.204.944.439.977.90 15.918.441.43 6.441.729.70 13.757.5% 900K 8.992.40 8.83 42.26 43.80 17.98 19.269.83 .88 35.21 10.66 7.174.22 19.81 11.117.694.41 7.975.411.996.46 16.987.59 13.107.151.94 12.925.015.27 7.303.967.33 16.65 19.88 63.32 13.235.92 6.64 10.48 37.30 33.71 8.73 18.844.33 30.55 87.07 29.808.66 7.610.162.64 9.75 25.464.148.339.810.052.535.61 17.23 8.695.60 18.045.80 26.95 49.50 55.40M 10.5% 1.5% 1.104.228.052.091.13 26.475.35 32.130.58 105.67 20.378.54 48.10 45.618.660.987.83 34.227.919.178.271.25 38.73 24.57 9.291.222.54 15.276.78 22.92 29.65 47.5% 2M 10.538.872.32 7.78 8.43 24.209.70 14.452.516.453.600.03 8.81 87.356.19 164.800K 8.48 11.78 54.436.346.614.046.29 7.25 35.5% 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 5 10 15 20 25 30 16.02 75.25 76.156.632.04 6.96 20.19 27.25M 9.22 9.510.977.5% 850K 8.18 74.124.47 32.00 22.446.446.877.5% 1M 8.19 12.5% 2.778.05 10.02 18.294.698.76 18.300.370.447.797.580.162.81 40.50 6.302.64 18.708.890.75 32.55 12.883.80 19.240.82 6.526.35 30.736.033.28 65.71 107.942.529.07 16.982.651.469.58 20.50 21.88 66.