PAG IBIG House Construction Loan (Requirements, Calculator, Form)

• PAG IBIG prefers to check your area of interest, like your work plans towards
• The lot and Home Purchase
• Lot property purchasing offer only
• House construction loan

• What calculation would you like to perform?

  How much income is required for your desired loan value?How much you can borrow based on your income?How much you can borrow based on the value of the property?

  Desired Loan Amount:

  Preferred Repayment Period:30 years29 years28 years27 years26 years25 years24 years23 years22 years21 years20 years19 years18 years17 years16 years15 years14 years13 years12 years11 years10 years9 years8 years7 years6 years5 years4 years3 years2 years1 yearLoan Tenure (Monthly)Desired Fixed Rate Term:

  Select Pricing Period

  Calculate

  We are going to guide you about pag ibig house construction loan, its requirement

• House renovation and improvement loan
• “We are talking about a loan for managing a house that covers all the essential needs for building a home. The PAG IBIG loan can be used for basic renovation needs.”PAG ensures that customers don’t spend their money somewhere else than the purpose of the loan
• PAG IBIG Assists You In Sponsoring Required Projects
• Let’s know about your financial capacity before acquiring any loan, either home or another purpose. Make your assets, liabilities, monthly income, and further payslips for borrowing. Prequalified doesn’t represent your loan’s pre-approval, but it’s related to preparing yourself for enhancing your loan acceptance chances. You can use a Tax Calculator to estimate your tax obligations and plan your finances accordingly before applying for a loan.

Pre-Approval For Loan

After organizing your most recent income tax returns, recent bank statements, employment certification, and any additional bank records, you have finally obtained the chance to apply for the loan you want. As a result, your loan application may now be preapproved.

PAG IBIG Housing Loan

You can obtain a loan for constructing a house in the Philippines, based on your standard of living. PAG IBIG facilitates a series of loan payments with minimal requirements and affordable interest rates, enabling workers to easily secure a loan and build a home. PAG IBIG has partnered with various organizations, applications, and even banks through its official centers, all geared towards providing assistance and streamlining the loan attainment process.

Interest Rates For Loan

You have the whole guide of interest rates, and now you can pick your suitable interest rate according to your loan. Consider your monthly amortization, title transfer fees, taxes, and related housing loan fees.

Customers Must Need To Know The House Construction Loan

One of our clients shared their experience with obtaining a home construction loan. They researched various banks and assessed their requirements and income sources, including East West Bank and other organizations. However, they found that PAG IBIG was the most reliable option, despite requiring more documentation for loan approval. PAG IBIG also offers customer-friendly packages. As a result, the client decided to pursue a loan with PAG IBIG.

They then prepared and submitted various documents, including identification cards, vicinity maps, employment certificates, tax declarations, proof of income, bank statements, income tax returns, and other pay slips as required by the PAG IBIG application form.

The official website instructed us to wait for our loan approval letter, and we received it after two months. Later, official managers visited our locality to verify our documents, and we eventually received an installment of about P6 Million with 30 years of relaxing loan amortizations. With this amount, we constructed a furnished home in a well-suited location.

During this process, we discovered that other organizations offer payments based on the progress of your construction. To avail of this option, you must start your construction before applying for a loan. However, we proceeded with our application to PAG IBIG and received payment slips immediately, staying in touch with their official counter for further instructions. Within a short period, we moved into our newly constructed and fully equipped home.

We enjoy discussing with our friends how acquiring a housing loan from PAG IBIG can help make your dream life a reality.

FAQs

How Many Days Are Required To Process A House Construction Loan?