Calculate your maximum loanable amount, monthly amortization, and home affordability with current Pag-IBIG rates
Dreaming of owning your own home in the Philippines? The Pag-IBIG Fund offers one of the most affordable and flexible housing loan programs available to Filipino workers. Our comprehensive Housing Loan Calculator helps you determine how much you can borrow, estimate your monthly payments, and plan your home purchase budget using the latest 2025 interest rates and guidelines.
Whether you’re a first-time homebuyer or looking to upgrade your current home, this calculator provides accurate estimates based on official Pag-IBIG formulas and current lending policies.
How to Use This Calculator
Our Pag-IBIG Housing Loan Calculator offers three powerful calculation modes:
1. Maximum Loan Based on Income
- Enter your gross monthly income
- Choose your preferred loan terms
- See how much you can borrow
2. Required Income for Loan Amount
- Input your desired loan amount
- Select repayment and pricing periods
- Find out the minimum income needed
3. Loan Coverage Based on Property Value
- Enter the property’s estimated value
- Calculate maximum loan coverage
- Determine your equity requirement
Each calculation provides detailed breakdowns including monthly amortization, total interest, and affordability ratios.
Calculator
🏠 Pag-IBIG Housing Loan Calculator
Calculate Maximum Loan Based on Your Income
Calculate Required Income for Desired Loan Amount
Calculate Loan Coverage Based on Property Value
Your Housing Loan Calculation:
Monthly Amortization
Total Interest
Total Amount
Debt-to-Income
Loan Details:
- Maximum loanable amount: ₱6,000,000
- Monthly amortization should not exceed 35% of gross monthly income
- Interest rates are subject to repricing after the fixed period
- Additional fees and insurance premiums may apply
How Pag-IBIG Housing Loans Work
The Home Development Mutual Fund (Pag-IBIG Fund) is a government-owned corporation that provides affordable housing financing to Filipino workers. Established in 1978, it offers some of the most competitive interest rates and flexible terms in the Philippine housing finance market.
Key Features of Pag-IBIG Housing Loans
Maximum Loan Amount
- Up to ₱6,000,000 per borrower
- Based on income capacity and property value
- No hidden charges or fees
Flexible Loan Terms
- Repayment period: 1 to 30 years
- Fixed pricing periods from 1 to 30 years
- Early payment allowed without penalties
Competitive Interest Rates
- Starting from 5.75% per annum (1-year repricing period)
- Rates increase with longer repricing periods
- Special subsidized rates for low-income earners
Loan-to-Value Ratios
- Up to 95% for properties within economic housing limits
- Up to 90% for higher-value properties
- Maximum coverage depends on property appraisal
Current Pag-IBIG Housing Loan Interest Rates (2025)
Based on the latest rates effective July 2024, here are the current interest rates by repricing period:
| Repricing Period | Interest Rate | Monthly Rate |
|---|---|---|
| 1 year | 5.75% | 0.479% |
| 3 years | 6.25% | 0.521% |
| 5 years | 6.5% | 0.542% |
| 10 years | 7.125% | 0.594% |
| 15 years | 7.75% | 0.646% |
| 20 years | 8.5% | 0.708% |
| 25 years | 9.125% | 0.760% |
| 30 years | 9.75% | 0.812% |
Understanding Repricing Periods
The repricing period is the duration during which your interest rate remains fixed. After this period, Pag-IBIG may adjust your rate based on prevailing market conditions. Key points:
- Shorter periods = Lower initial rates but more frequent adjustments
- Longer periods = Higher initial rates but more stability
- Rate adjustments can go up or down depending on economic conditions
- You can choose the repricing period that best fits your risk tolerance
Eligibility Requirements
To qualify for a Pag-IBIG housing loan, you must meet these requirements:
Basic Qualifications
- Pag-IBIG member for at least 24 months
- Age requirement: Not more than 65 years at application, 70 years at loan maturity
- Contribution record: At least 24 monthly contributions
- Good credit standing: No delinquent accounts with Pag-IBIG
- Capacity to pay: Monthly amortization should not exceed 35% of gross monthly income
Special Programs
Affordable Housing Program (AHP) For low-income earners:
- NCR: Monthly income up to ₱15,000
- Outside NCR: Monthly income up to ₱12,000
- Special rate: 3% per annum for loans up to ₱580,000
- Condominium projects: Up to ₱750,000 at subsidized rates
4PH (Pambansang Pabahay para sa Pilipino) Program
- Government’s flagship housing program
- Additional subsidies and benefits for qualified beneficiaries
- Coordination with DHSUD for affordable housing projects
Loan Calculation Formula
Our calculator uses the standard amortization formula used by Pag-IBIG:
Monthly Payment Formula:
PMT = P × [r(1+r)^n] / [(1+r)^n - 1]
Where:
- PMT = Monthly payment
- P = Principal loan amount
- r = Monthly interest rate (annual rate ÷ 12)
- n = Total number of payments (years × 12)
Maximum Loanable Amount Formula:
Max Loan = (0.35 × Monthly Income) × [(1+r)^n - 1] / [r(1+r)^n]
This ensures your monthly payment doesn’t exceed 35% of your gross monthly income.
Required Documents
When applying for a Pag-IBIG housing loan, prepare these documents:
Personal Documents
- Pag-IBIG Housing Loan Application Form with recent photos
- Valid government-issued IDs (primary and secondary)
- Marriage certificate (if married)
- Birth certificates of dependent children
Income Documents
For Employed Members:
- Certificate of Employment with gross monthly income
- Latest Income Tax Return (ITR)
- Three months of recent payslips
- Employment contract (if applicable)
For Self-Employed/Business Owners:
- Business registration documents
- Latest ITR with supporting documents
- Bank statements for the last 6 months
- Audited financial statements (if applicable)
For OFWs:
- POEA contract or work permit
- Certificate of Employment from foreign employer
- Latest ITR or tax documents from host country
- Special Power of Attorney (if represented)
Property Documents
- Title documents or Contract to Sell
- Tax Declaration and updated tax receipts
- Property location map and vicinity map
- Building permits (for construction loans)
- Property appraisal report (conducted by Pag-IBIG)
Loan Application Process
Step 1: Pre-Application Assessment
- Use this calculator to determine your loan capacity
- Check your Pag-IBIG contribution records
- Gather all required documents
- Choose your preferred repricing period
Step 2: Loan Application
You can apply through:
- Virtual Pag-IBIG (online application)
- Pag-IBIG branches nationwide
- Accredited developers (for new properties)
- Housing Business Centers
Step 3: Document Submission and Evaluation
- Submit complete application with requirements
- Property appraisal by Pag-IBIG
- Credit investigation and verification
- Income and capacity assessment
Step 4: Loan Approval
- Receive Notice of Approval (NOA) and Letter of Guaranty (LOG)
- Complete post-approval requirements within 90 days
- Submit additional documents as specified in NOA
Step 5: Loan Release
- Final document verification
- Loan proceeds released within 10 working days
- Begin monthly amortization payments
Insurance Requirements
All Pag-IBIG housing loans include mandatory insurance coverage:
Mortgage Redemption Insurance (MRI)
- Coverage: Outstanding loan balance
- Beneficiary: Pag-IBIG Fund
- Purpose: Pays off loan in case of borrower’s death or total disability
- Premium: Included in monthly amortization
Fire and Allied Perils Insurance (FAPI)
- Coverage: Property value up to loan amount
- Protection: Fire, lightning, explosion, typhoon, flood, earthquake
- Renewal: Annual renewal required
- Premium: Separate from monthly amortization
Monthly Payment Options
Pag-IBIG offers several convenient payment methods:
Automatic Deduction
- Salary deduction (for employed members)
- Automatic debit arrangement (ADA) from bank accounts
- Most convenient and ensures no missed payments
Over-the-Counter Payments
- All Pag-IBIG branches nationwide
- Authorized payment centers
- Bayad Centers and other partners
Online Payments
- Virtual Pag-IBIG portal
- Partner banks’ online platforms
- Mobile banking applications
Other Payment Channels
- Accredited collecting partners
- LBC, M. Lhuillier, and other remittance centers
- Bank deposit to Pag-IBIG accounts
Tips for Loan Approval
Improve Your Approval Chances
- Maintain good credit record - Pay all existing loans on time
- Complete documentation - Submit all required documents properly
- Stable employment - Avoid job changes during application
- Realistic loan amount - Apply within your actual capacity
- Choose appropriate terms - Balance monthly payment with loan period
Common Reasons for Denial
- Insufficient income relative to requested loan amount
- Poor credit history or delinquent accounts
- Incomplete or inaccurate documentation
- Property issues (title defects, zoning violations)
- Exceeding maximum age requirements
Loan Enhancement Strategies
- Increase contributions to build higher Total Accumulated Value (TAV)
- Add co-borrower to increase household income
- Choose shorter loan terms for better approval odds
- Consider smaller loan amount within comfortable payment capacity
Frequently Asked Questions
Can I get a Pag-IBIG loan if I’m a minimum wage earner?
Yes, even minimum wage earners can qualify for Pag-IBIG housing loans. Those earning up to ₱15,000 monthly (NCR) or ₱12,000 (outside NCR) may qualify for the Affordable Housing Program with subsidized 3% interest rates.
How much can I borrow with a ₱50,000 monthly salary?
With a ₱50,000 monthly income, you can typically borrow between ₱2.5-4.5 million, depending on your chosen loan term and repricing period. Use our calculator above for precise estimates.
Can I pay my loan early without penalties?
Yes, Pag-IBIG allows early payment and full pre-termination without penalties. This can significantly reduce your total interest payments.
What happens if I can’t pay my monthly amortization?
Contact Pag-IBIG immediately to discuss restructuring options. Delinquent accounts may face penalties, and prolonged default could lead to foreclosure proceedings.
Can I apply for multiple housing loans?
You can only have one active housing loan at a time. However, you may apply for a new loan after fully paying your existing one.
Do interest rates change during the loan term?
Interest rates are fixed during your chosen repricing period. After this period, rates may be adjusted based on prevailing market conditions.
Related Resources
- SSS Pension Calculator - Plan your retirement income alongside housing expenses
- Senior Citizen Discount Calculator - Calculate savings for senior homeowners
- Virtual Pag-IBIG Calamity Loan Application Guide - Emergency loan options for Pag-IBIG members
For official Pag-IBIG services and information:
- Virtual Pag-IBIG: www.pagibigfundservices.com/virtualpagibig
- Official Website: www.pagibigfund.gov.ph
- Hotline: 1-724-7244 (1-PAGIBIG)
- Email: info@pagibigfund.gov.ph
Official Sources and Legal Basis
This calculator and information are based on:
- Republic Act No. 9679 - Home Development Mutual Fund Act of 2009
- HDMF Circular No. 459 - Current housing loan guidelines and policies
- Presidential Communications Office Press Release - July 2024 interest rate reductions
- Pag-IBIG Fund Official Guidelines - Housing loan requirements and procedures
- Department of Human Settlements and Urban Development (DHSUD) - 4PH Program coordination
Disclaimer: This Pag-IBIG Housing Loan Calculator provides estimates based on current guidelines and interest rates as of 2025. Actual loan approval, terms, and amounts depend on Pag-IBIG’s comprehensive evaluation including creditworthiness, property appraisal, income verification, and compliance with all requirements. Interest rates are subject to change based on market conditions and Pag-IBIG policies. For official loan computation and application, visit your nearest Pag-IBIG branch or use the official Virtual Pag-IBIG platform. PinoyBenefits.ph is not affiliated with Pag-IBIG Fund and does not guarantee loan approval or accuracy of estimates.