How Much First Loan In Pag IBig?

When it comes to securing a loan, the Home Development Mutual Fund (Pag-IBIG Fund) is one of the top choices for many Filipinos. It offers a range of loans including housing, personal, and multi-purpose loans. But if you’re a first-time borrower and wondering how much you can loan in Pag-IBIG, then this post is for you.

In this post, we’ll discuss everything you need to know about how much you can loan in Pag-IBIG for the first time.

Know the Basic Eligibility Requirements

Before you can determine how much you can loan in Pag-IBIG for the first time, it’s essential to know the basic eligibility requirements. You must be an active member of Pag-IBIG for a minimum of 24 months.

You should not be more than 65 years old at the time of loan application and not more than 70 years old at the loan’s maturity. You must have sufficient income to pay the monthly amortizations, and you should not have any Pag-IBIG housing loan arrears, multi-purpose loan defaults, or foreclosed accounts.

Understand the Loan-to-Value Ratio (LTV)

The Loan-to-Value Ratio (LTV) is the amount you can loan relative to the value of the property you’re buying or refinancing. For first-time borrowers, the LTV for a Pag-IBIG housing loan is up to 90% of the property’s appraised value. For example, if the property value is PHP 1,000,000, the maximum loanable amount is PHP 900,000. The LTV for a multi-purpose loan is up to 80% of the total accumulated value (TAV) of your Pag-IBIG contributions.

Check the Loanable Amount Ceiling

The loanable amount ceiling is the maximum amount you can loan in Pag-IBIG based on your income bracket. The limit differs by location, property type, and income range. In Metro Manila, the ceiling is PHP 6,000,000 for a house and lot, PHP 3,000,000 for a townhouse or duplex, and PHP 1,700,000 for a condominium unit. For multi-purpose loans, the ceiling is PHP 500,000. However, keep in mind that these figures are subject to change; make sure to confirm the latest regulation with Pag-IBIG.

Compute Your Loan Entitlement

To compute your loan entitlement, use the Pag-IBIG Fund Housing Loan Calculator ( You’ll need to enter your basic information, including your employment status, monthly income, loan amount, loan term, and interest rate. The calculator will then give you an estimated monthly amortization, which you can adjust based on your budget.

Prepare Your Loan Requirements

Once you’ve determined how much you can loan in Pag-IBIG for the first time, the next step is to prepare your loan requirements. The basic requirements include a filled-out loan application form, a copy of two valid IDs, a job contract or certificate of employment, proof of income, and a certified true copy of the Transfer Certificate of Title (TCT) and Tax Declaration. You also need to pay the processing fee upfront. Make sure to double-check the requirements and submit them on time.

Final Thoughts

Knowing how much you can loan in Pag-IBIG for the first time is an important step in securing your dream house or addressing your immediate financial needs. By understanding the eligibility requirements, the loan-to-value ratio, and the loanable ceiling, and computing your loan entitlement, you can make an informed decision on how much you can afford to borrow.

Just make sure to prepare all the necessary requirements and comply with the regulations to avoid any delays or complications.

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