Knowledgebase

Got questions about Loansolutions.ph? you're in the right place!

How to loan for a pag-ibig housing

It’s not easy to own a home. Unless you have huge savings amounting to millions, it’s impossible to buy a house or any real estate without getting a loan. While some would prefer to apply for a loan via Banks or Private Lenders, for majority of the Philippine employees, they rely on Pag-ibig or Home Development Mutual Fund to secure a loan for an affordable housing.

Here is a simple step by step guide on how to loan for a Pag-ibig Housing.

Step 1

Get your Housing Loan application form, checklist of all the requirements, and other forms at the servicing department. Before filing, acquire the following forms:

  • Health Statement Form and Full Medical Examination (for borrowers over 60 years of age)
  • Health statement form (For OFW members aged 60 years old and for loans over 2 million to 6 million PHP aged 60 years of age)
  • Step 2

    Submit your housing loan application to the Pag IBIG Fund with the complete requirements. Pay a partial processing fee of Php1,000. You can also apply online at www.pagibigfund.gov.ph.

    Step 3

    Get a Letter of Guaranty (LOG) or a Notice of Approval (NOA) and sign all your loan documents.

    Step 4

    Accomplish all your NOA requirements to enable check release. In a 90- day period, you are to accomplish the following:

    To buy a house and lot, condominium, or lot alone

    • Give the LOG to the seller
    • Go to BIR to pay for the Documentary Stamp Tax and the Capital Gains Tax. BIR then issues a Certificate Authorizing Registration
    • Go to the LGU or Local Government unit for Transfer Tax payment
    • Next, go to the RD or Registry of Deeds for the transfer of title and mortgage annotation
    • Go back to LGU for the transfer of Tax Declaration
    • Submit the complete requirement to Pag- IBIG Fund
    • To buy a House and Lot with Pag- IBIG Fund

      • Go to BIR to pay for the Documentary Stamp Tax and the Capital Gains Tax. BIR then issues Certificate Authorizing Registration
      • Go to the LGU or Local Government unit for Transfer Tax payment
      • Proceed to the Pag IBIG office to schedule appointment with the RD or Registry of Deeds for transfer of title and mortgage annotation
      • Go back to LGU for the transfer of Tax Declaration
      • Submit the complete requirement to Pag IBIG Fund To construct a house or do home improvement
      • Go to BIR to pay for the Documentary Stamp Tax
      • Go to the RD or Registry of Deeds for the mortgage annotation
      • Submit the complete requirement to Pag IBIG Fund For refinancing purposes
      • Go to the bank to give the Loan and Mortgage Agreement (LMA) and the Letter of Guaranty (LOG)
      • Go to the RD or Registry of Deeds for the mortgage annotation
      • Submit the complete requirement to Pag- IBIG Fund
      • Step 5

        Receive the loan proceeds at the Pag IBIG Fund. Make sure to bring two (2) valid IDs and twelve (12) Post Dated Checks, only if payment is not through Salary Deduction.

        Step 6

        Start the payments of your monthly amortization which starts one (1) month from Check Date.

         

        Need a Quick Loan Alternative? Apply at Loansolutions.ph Now!