Loans in Pag IBIG
The Home Development Mutual Fund (HDMF), commonly known as Pag-IBIG Fund, is a government-owned and controlled corporation in the Philippines that provides various loan programs to its members. These loan programs are designed to assist members in financing their housing, multi-purpose, and calamity-related expenses, as well as to support the needs of Overseas Filipino Workers (OFWs). With at least 24 months of contribution to Pag-IBIG Fund, members are eligible to apply for a loan and enjoy competitive interest rates, flexible repayment terms, and convenient repayment options.
Pag-IBIG Fund (Home Development Mutual Fund) offers several loan programs for its members, including:
- Pag-IBIG Housing Loan: This is a loan program offered by the Home Development Mutual Fund (HDMF) in the Philippines to assist members in acquiring a residential property. The loanable amount is based on the member’s total accumulated savings, with a maximum loanable amount of Php 6 million. Repayment terms range from 1 to 30 years, depending on the loan amount and the member’s capacity to pay.
- Multi-Purpose Loan: This is a loan program offered by Pag-IBIG Fund for its members, which can be used for various purposes such as home improvement, debt consolidation, and education. The loanable amount is based on the member’s total accumulated savings and the member’s capacity to pay.
- Calamity Loan: This is a loan program offered by Pag-IBIG Fund to assist its members who were affected by a declared calamity or disaster. The loanable amount is based on the member’s total accumulated savings and the amount required to address the calamity-related expenses.
- OFW Loan: This is a loan program offered by Pag-IBIG Fund specifically for Overseas Filipino Workers (OFWs) to help them finance their various needs. The loanable amount is based on the member’s total accumulated savings and the member’s capacity to pay.
- Eligibility: To be eligible for a loan from Pag-IBIG Fund, a member must have at least 24 months of contribution to the Fund.
- Interest Rates: Interest rates for Pag-IBIG loans are based on the prevailing Pag-IBIG Fund rate, which is periodically reviewed and adjusted by the Pag-IBIG Board of Trustees.
- Requirements: To apply for a loan from Pag-IBIG Fund, a member must submit a loan application form, proof of income, certificate of employment, and latest pay slips, among other requirements.
- Repayment Options: Repayment of Pag-IBIG loans can be made through payroll deductions, automatic debit arrangements, or over-the-counter payments.
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Loan type
Short termFor a period of
180 daysRate ()
0.00% / dayLoan amount
25000 ₱Approval in
15 minutesFirst loan free
no