PAG IBIG House Renovation Loan (Requirements + Calculator Guide)

PAG IBIG is a reputable organization that serves millions of Filipino employees on a regular basis. They offer a wide variety of loans, including the House Improvement loan, which can be used to renovate your dream home. To access this loan, you will need to activate your account. PAG IBIG House Renovation Loan (Requirements + Calculator Guide)

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?
Select what you want to compute.

Desired Loan Amount:

Preferred Repayment Period:

30 years
29 years
28 years
27 years
26 years
25 years
24 years
23 years
22 years
21 years
20 years
19 years
18 years
17 years
16 years
15 years
14 years
13 years
12 years
11 years
10 years
9 years
8 years
7 years
6 years
5 years
4 years
3 years
2 years
1 year
Loan Tenure (Monthly)Desired Fixed Rate Term:

1 Years; 5.75%
3 Years; 6.375%
5 Years; 6.625%
10 Years; 7.375%
15 Years; 8%
20 Years; 8.625%
25 Years; 9.375%
30 Years; 10%
Select Pricing Period


1 Years; 5.75%
3 Years; 6.375%
5 Years; 6.625%
10 Years; 7.375%
15 Years; 8%
20 Years; 8.625%
25 Years; 9.375%
30 Years; 10%
Select Pricing Period

The PAG-IBIG house renovation loan calculator is a sophisticated tool that connects customers with our official PAG agency. It helps you calculate your house loan interest, amortization, and obtain your desired loan. This software is beneficial for saving time for both you and the PAG company, as well as facilitating better collaborations.

PAG IBIG House Renovation Loan

The Home Development Mutual Fund (HDMF) is a loan provider corporation owned by the Filipino government. Its main objective is to provide professional, affordable, and profitable loan services for the construction of shelters. The corporation also offers guidance on how to apply, save, and manage your loan payments.

To help you create a suitable payment plan, the corporation has developed an excellent tool. You can input your estimated requirements for house renovation and determine how much payment you can afford. Your income tax, future plans, and overall debt ratio will be presented alongside the calculation steps. Before delving into the calculation process, let’s first examine the purpose of this tool.

Purposes Of PAG Housing Renovation Loan

  • Loan for buying the residential lot
  • House renovation
  • Small business investments and precise calculations
  • Home furnishing and construction 
  • Purchase the condominium lot, townhouse, and even official places of construction
  • Multiple loans for diverse purposes
  • Educational, billing expenses
  • Debt consolidation
  • Car, travel expenditures 
  • House improvements and facelifts

Renovation Loan Calculator Guide


The initial and crucial step in the accurate calculation process is for the employer to determine the value of the property. Your loan payments are directly linked to the property rates in the location where you plan to renovate your shelter. By simply assessing the property and estimating its value, this information can be added to the calculator. It will then instantly calculate the maximum loan amount that you can receive, allowing you to commence building your house promptly. It is important to note that this loan amount is based on PAG IBIG Company. Additionally, the PAG loan calculator will provide you with information on your regular amortization. To proceed, please follow the steps outlined below:

To use the PAG-IBIG calculator, follow these steps:

  1. Search for the PAG-IBIG calculator on our official website.
  2. Open the calculator and input the amount you want to borrow for your desired property.
  3. The calculator will give you an estimate of your monthly PAG-IBIG payments based on the amount you entered.
  4. Choose a repayment period that suits your needs, ranging from 1 to 30 years.
  5. Select a fixed pricing period for a more stable repayment plan, with options ranging from 1 to 5 years.
  6. Note that after the fixed pricing period, the interest rate may vary and your payments may increase or decrease accordingly.
  7. Enjoy the benefits of using PAG-IBIG loans, especially when the interest rates are low.
Download the Renovation Loan Form PDF

If you’re looking to download a Renovation Loan Form in PDF format, you can use our Loan Calculator to determine how much you’ll need to repay during your desired amortization period. Our calculator is reliable for calculating interest rates and repayment amounts, so simply click on the provided button to start exploring the world of loans.

With the PAG-Housing calculator, you’ll need to provide information about your monthly income and gross annual income to determine if you qualify for the desired loan and PAG’s offered plan. Keep in mind that PAG offers loans up to ₱6,000,000.00, and our calculator will alert you if your requested amount exceeds this limit.

Loan Calculation According To Property Value

PAG offers more than 95% expense of the total property value of a customer. You can get your requisite percentage:

Evaluated Property Value Loan-to-Value ratio (LTV)
For economic housing renovation limit 95%
The economic housing limit is over the limited amount of ₱6,000,000 90%


The housing limit in the Philippines is generally set at ₱1,888,889 and our system operates on this economic limit. Therefore, if you visit a property zone and wish to buy a property, the loan-to-value ratio (LTV) will likely be around 95%.

What Is The Defined Formula For Calculating Income?

PAG-IBIG Loan calculator formulates accurate results for your calculations via specific formulas. You are skilled in selecting the rate of monthly interest by fixed-pricing criteria.

The formula of Amortization Calculation:

The formula of interest Calculation:

Here:P: PrincipalI: Interest

  • P: Principal
  • I: Interest
  • Ƥ: Gross Payment per month 
  • r: Interest Rate
  • t: Time duration
  • n: Net payment per month of a year

This formula generally calculates the monthly loan payment and repayments.


How Can You Calculate Your Pag-IBIG Housing Renovation Loan?

PAG provides a loan of up to 80% of your Total Accumulated Value (TAV) savings. To determine your loan amount, you need to consider property charges and other criteria. This amount includes both your monthly contributions and repayments, which are calculated based on your annual pay slips. Your regular savings contribution is the most critical factor in determining the amount of your loan.

Why Is The PAG-IBIG Calculator Required, Mentioned Via The House Renovation Loan Calculation Example?

Suppose you borrow a PAG-IBIG loan of ₹10,00,000 with an annual interest rate of 7.2%, which applies for a period of 12 months. To calculate your Equated Monthly Installment (EMI), you would need to use the formula: EMI = ₹10,00,000 * 0.006 * (1 + 0.006)120 / ((1 + 0.006)120 – 1) = ₹11,714

However, manually computing each payment can be a cumbersome task. That’s where the PAG-IBIG Loan Calculator comes in handy, as it can provide you with the results instantly.

How Does PAG-IBIG Calculator Work For Monthly Home Loan Payments?

In essence, the backend of the calculator operates by taking your loan amount and multiplying it by the interest rate. The resulting figure is then divided by the total number of days in a year to obtain the per-day charge for the loan. This value is used to calculate the monthly and annual charges, and the final statement displays the total amount owed.

This process typically continues until the loan has been fully repaid and the principal balance is zero. As your payments mature, the calculations come to an end. To ensure a smooth and trouble-free experience, it is important to carefully follow the instructions provided by the lending agency.

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