Pag-IBIG Housing Loan Calculator
Calculate Pag-IBIG housing loan amounts, monthly payments, and income requirements
Calculate Pag-IBIG Housing Loan
Loanable Amount Based on Property Value
Maximum value: ₱6,000,000 (Pag-IBIG limit)
Loan and Repayment Details
Maximum: ₱6,000,000
Interest rate: 9.750%
Income Details
Example Calculation
Sample Pag-IBIG Loan
Property Value: ₱3,000,000
Loan Amount: ₱2,700,000 (90% LTV)
Repayment Period: 30 years
Interest Rate: 9.75% (30-year fixed)
Gross Monthly Income: ₱60,000
Results
Monthly Principal & Interest: ₱23,197.18
Monthly Insurance: ₱607.50
Total Monthly Payment: ₱23,804.68
Required Income: ₱68,013.36/month
Income Qualification: Not qualified (needs ₱8,013 more)
Pag-IBIG Interest Rates
Loan Limits & Requirements
Maximum Loan Amount
₱6,000,000
LTV Ratios
• Economic Housing: 95%
• Above ₱2.5M: 90%
Income Requirement
Monthly payment ≤ 35% of gross income
Insurance
0.0225% of loan amount monthly
Pag-IBIG Loan Tips
Choose longer fixed periods if you expect rates to rise
Keep monthly payment under 35% of gross income
Consider property value vs. income limitations
Factor in insurance premium costs
Prepare equity for down payment
Understanding Pag-IBIG Housing Loans
What is Pag-IBIG Fund?
The Pag-IBIG Fund (Home Development Mutual Fund) is a government-owned corporation in the Philippines that provides affordable financing options for Filipino homebuyers. "Pag-IBIG" stands for "Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno" (Working together in the Future: You, Banks, Industry, and Government).
Key Features
- •Maximum loan amount: ₱6,000,000
- •Repayment terms: 1 to 30 years
- •Fixed interest rates for chosen periods
- •Income-based qualification (35% rule)
Calculation Formulas
Monthly Payment
Income-Based Loan Amount
Monthly Insurance
P = Principal, M = Monthly Income, i = Monthly Interest Rate, n = Number of Months