Pag-IBIG Housing Loan Calculator: Estimate Your Borrowing Capacity

If you are planning to purchase a new house in the Philippines, the Pag-IBIG Housing Loan Calculator can assist you in calculating how much you can borrow and the number of your monthly payments. However, before we explain how to use this calculator, let us first discuss what Pag-IBIG Fund is.

Pag-IBIG Housing Loan Calculator

Use this formula: P = 0.35 x M x [(1+i)^n -1] / (i x (1+i)^n)

P = Loanable Payment
M = Gross monthly income
i = Monthly interest rate
n = Term duration in months

What Is Pag-IBIG Fund?

Pag-IBIG Fund, also known as the Home Development Mutual Fund or HDMF, is a government-controlled corporation that aims to offer affordable financing options to Filipinos seeking housing loans. Its establishment dates back to 1978 when it was created to provide low-cost housing options to Filipinos. The funding for Pag-IBIG Fund comes from contributions table made by its members, loan interest, and investments.

One of the most significant services provided by Pag-IBIG Fund is its housing loan program, which helps Filipinos to finance the purchase or construction of their homes. This loan program offers competitive interest rates, flexible payment terms, and transparent charges. Apart from the housing loan program, Pag-IBIG Fund also offers other financial products and services, including multi-purpose loans, calamity loans, and savings programs.

How To Use The Pag-IBIG Housing Loan Calculator?

This Pag-IBIG housing loan calculator has three different functions:How To Use The Pag-IBIG Housing Loan Calculator?

To determine the maximum loan amount you can borrow from Pag-IBIG based on the property’s value, input the estimated property value into the calculator. The result will show you the maximum loanable amount available.

To calculate your monthly amortization, follow these steps:

  1. Enter the loan amount you wish to borrow. Remember that this amount cannot exceed the maximum loanable amount calculated earlier.
  2. Select your preferred repayment period from the options provided, which range from one to thirty years.
  3. Choose your desired fixed pricing period. During this period, the interest rate is fixed regardless of economic conditions. For example, if you select a five-year fixed pricing period, the repayment interest rate will be 6.625%. After the fifth year, Pag-IBIG will provide you with a new interest rate, which could be higher or lower than 6.625%.
  4. The calculator will then display your monthly amortization during the selected repayment period, as well as the calculated loan interest. Click the “Advance mode” button below the calculator to view this information.

To determine how much you can borrow based on your income and chosen monthly interest rate under a fixed pricing period, you will need to input your income and the desired monthly interest rate into the calculator. The result will show you the maximum loan amount you can borr

  • P = Loanable amount
  • M = Gross monthly income
  • i = Monthly interest rate

n = Term duration in months

This equation merges the modified version of the typical monthly loan payment formula with the gross income prerequisite specified by Pag-IBIG. As per the guidelines of Pag-IBIG, you can borrow a maximum amount equivalent to 35% of your gross monthly income, excluding insurance, towards your monthly amortization payments.

you’ll need to provide photos of the property you’re planning to build considerations

Before Applying For A Pag-IBIG Loan

Eligibility:In order to qualify for a housing loan from Pag-IBIG, you need to have been a member of the fund for at least 24 months and have a reliable source of income. Additionally, you must not have any outstanding Pag-IBIG loans, have completely paid off any prior loans, and be below the age of 65.
Fees:A Pag-IBIG housing loan entails multiple fees, which include a processing fee of P 1,000 that is non-refundable, as well as an appraisal fee of P 2,000.
Documents:In order to apply for a Pag-IBIG housing loan, you will be required to furnish proof of income, identification documents, evidence of ownership or a contract to sell, as well as photographs of the property.
Interest rates:The interest rate applicable to a housing loan from Pag-IBIG depends on the chosen fixed pricing period. You can opt for a fixed pricing period of 1, 3, 5, 10, 15, 20, 25, or 30 years, as previously stated. The interest rate for each fixed pricing period can be found on the Pag-IBIG website.
Repayment terms:The duration for paying back a housing loan from Pag-IBIG may vary from one to thirty years, depending on your income and the amount of the loan.

By utilizing the Pag-IBIG Housing Loan Calculator, you can compute your borrowing capacity and monthly payments. This tool can assist you in making informed decisions about your potential purchases and whether they are within your budget.

Pag IBIG Housing Loan Requirements

If you’re planning to build your dream home, you’ll need to meet the following requirements for a Pag-IBIG housing loan:

Valid contract to sell: To sell the house for construction, it is necessary to have a valid contract.
Detailed cost estimate: Provide a detailed assessment of the house’s construction costs.
Detailed plans and specifications: A detailed plan and specification must be provided before work begins on the house.
Photos of the property: 


There are several fees associated with a Pag-IBIG housing loan for house construction, including:

A no-refund processing fee of P 1,000.

An assessment of P 2,000.

A handling fee of P 2,000 will apply to any additional loan proceeds that are issued.

To apply for a Pag-IBIG housing loan for house construction, you’ll need to provide the following documents:

Pag IBIG housing loan form with photo ID.

Sketch of the house/property and a map of the area.

Tax declarations and real estate tax receipts.

Latest true and certified copy of the Transfer Certificate of Title (TCT).

Self-employed need: To prove your employment and compensation, you can use a Certificate of Employment and Compensation (CEC), a signed document from your employer, or their passport or ID. Your company’s CEC letters are also acceptable. If you have income tax returns from the country you’re living in, you can use them as proof, but make sure to translate them into English if they’re in another language. If you’re co-borrowing, you’ll need photocopies of your spouse’s ID, the seller’s ID, and the title owner’s ID.

Here are the accepted IDs by the agency:

Passport (It can either be Philippine or foreign)

Professional Regulation Commission (PRC) ID

Company ID

Government Service Insurance System (GSIS) eCard

Integrated Bar of the Philippines (IBP) ID


Social Security System (SSS) ID

Government Office and GOCC Identity Cards such as AFP ID or Pag IBIG loyalty card

How To Apply Pag Ibig Housing Loan?

HDMF, or Pag IBIG, offers a variety of housing loan options to suit your needs. Here’s a guide to help you apply for a Pag IBIG housing loan:

Determine your housing loan plan:To begin, select either an affordable or regular housing loan plan based on your income level. Then, utilize the Pag IBIG loan calculator to estimate the amount you can borrow based on your preferred loan amount, repayment period, and fixed pricing period. Keep in mind that this calculator is only meant to serve as a guide, and the actual loanable amount will be determined by Pag IBIG.

Check your eligibility:Make sure you meet all the requirements on the Pag IBIG website.
Submit the required documents:You can apply online through the virtual Pag IBIG portal or in person at a regional office.

For online applications:

To apply for a Pag IBIG housing loan, you must first create an account on the Pag IBIG virtual portal if you haven’t done so already.

Once you’ve logged in, click on “Manage Loans” and select “Apply for a Housing Loan.”

Fill out the housing loan form with your personal and credit information, as well as your preferred branch.

Review all the details you’ve entered and confirm that everything is accurate.

Submit your housing loan application.

After submitting your application, you’ll receive a reference number and an email with instructions on how to schedule an appointment at the nearest Pag IBIG office.

For in-person applications: Please visit a regional office and bring copies of your application form and all necessary documents. You will also need to pay the processing and appraisal fees and submit the receipt to the Members’ Services Support department.

Approval pending:

Typically, the verification process requires approximately 17 days to complete. In case your request is not accepted, you will be issued a Notice of Disapproval. However, if your request is approved, you will receive an email notifying you to collect your Notice of Approval (NOA) and Letter of Guaranty (LOG).

Sign the loan documents:

Once you have received the LOG and NOA, it is important to visit the Members’ Services department and speak with a customer care representative regarding your credit obligations. Before signing the Pag-IBIG loan form, it is crucial that you have a complete understanding of all the terms and conditions outlined in the promissory note, disclosure statement on the credit transaction, and loan and mortgage agreement.

Complete the NOA prerequisites: Submit the NOA within 90 days of issuance to access the credit.
Claim the loan proceeds:“If you have completed all the necessary steps accurately, you should now be eligible to apply for your Pag-IBIG housing loan.”

Pag IBIG Housing Loan Verification

To proceed with your loan application, it is essential to receive a Notice of Approval and Loan Verification Notification. This notification confirms that your application has been accepted, and you can now begin tracking the progress of your loan. In the case of a Pag IBIG loan, you can contact the hotline or send a private message online to obtain this information.

How To Avail PAG IBIG Housing Loan?

“HDMF members have the privilege to access the benefits provided by PAG-IBIG membership, including the opportunity to apply for housing loans, savings payment, and short-term participation. The primary objective of PAG-IBIG is to address the fundamental requirements of Filipinos such as shelter and savings programs. It was established through Presidential Declaration #1530.”

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