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Sa PAG-IBIG, ang pinaghirapan may katuparan

BENEFITS AND PROGRAMS
Housing Loan Availment
Two (2) modes of applying for a Pag-IBIG housing loan:
(a) Developer-Assisted - the developer assists the member in his/her housing loan application and
(b) Retail - the member applies directly to the Fund.

Eligibility Requirements
To qualify for a Pag-IBIG housing loan, a member shall satisfy the following requirements:

1.

On Pag-IBIG Membership

Must be a member under the Pag-IBIG I, Pag-IBIG II or Pag-IBIG Overseas Program (POP) for at least twenty-four (24) months, as
evidenced by the remittance of at least 24 monthly contributions at the time of loan application.

A member with less than the required number of contributions applying for a Pag-IBIG housing loan shall be allowed to make lump
sum payment based on the mandatory monthly membership contribution rates (both EE and ER share) to meet the said
requirement at point of loan application provided he has been a contributing member of the Fund for at least twelve (12) months.
Lump sum payment of membership contributions shall be considered a single contribution for the applicable month as of the
payment date.

A member whose loan exceeds P500,000.00 shall be required to pay the upgraded membership contribution rates upon housing
loan approval and onwards.

A member who has contributed for at least two (2) years and whose loans exceed P500,000.00 shall be required to pay the
upgraded contribution rates upon housing loan approval and onwards.
For purposes of satisfying the required two (2) years membership contributions, the member may opt to pay in lump sum any
amount short of the said requirement. In addition, the period corresponding to the TAV applied earlier to an outstanding loan shall

also be considered when counting the total number of monthly contributions, provided the remaining TAV after offsetting does not
fall below the equivalent amount of two (2) years membership contributions.

Not more than sixty-five (65) years old at the date of loan application and must be insurable; provided further that he is not more
than seventy (70) years old at loan maturity;

Has the legal capacity to acquire and encumber real property;

Has passed satisfactory background/credit and employment/business checks of the Pag-IBIG Fund;

Has no outstanding Pag-IBIG housing loan, either as a principal borrower or co-borrower;

However, should a co-borrower in a tacked loan signify an intention to avail of a Pag-IBIG housing loan for himself, he shall be
allowed to do so provided the tacked loan is updated and the amount proportionate to his loan entitlement has been fully paid.
Hence, the co-borrower shall be released from the original obligation and shall be allowed to avail of his own Pag-IBIG housing loan,
subject to standard evaluation procedures.

Had no Pag-IBIG housing loan that was foreclosed, cancelled, bought back due to default, or subjected to dacion en pago, which
shall include cases where the borrower is no longer interested to pursue the loan and surrenders the property;

Has no outstanding Pag-IBIG multi-purpose loan in arrears at the time of loan application. A member whose multi-purpose loan is in
arrears shall be required to pay his arrearages over the counter to update his account.

Processing Fee

P1,000 - upon filing of housing loan application with required documents (non-refundable)
P2,000 - to be deducted from loan proceeds

Basic Requirements
1. Pag-IBIG Housing Loan Application Form (PHLAF)
2. Membership Status Verification Slip (MSVS)

Documents Required Upon Loan Application

A. Documentary Requirements

1.

Housing Loan Application with recent ID photos of borrower

2.

Membership Status Verification Slip

3.

Proof of Income
3.1 For Locally Employed, any of the following:
a.

Notarized Certificate of Employment and Compensation (Pag-IBIG format)

b.

Notarized Certificate of Employment and Compensation (Employers format) and latest one (1) month payslip

c.

Income Tax Return/Certificate of Tax Withheld (BIR Form No. 2316) and latest one (1) month payslip

3.2 For Self-Employed/Other Sources of Income

d.

ITR, Audited Financial Statements and Official Receipt of tax payment from bank supported with DTI Registration and Mayors
Permit/Business Permit

e.

Commission Vouchers reflecting the issuers name and contact details (for the last 12 months)

f.

Bank Statements or passbook for the last 12 months (in case income is sourced from foreign remittances, pensions, etc.)

g.

Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)

h.

Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other Public Utility
Vehicle or PUVs)

i.

Certificate of Engagement issued by owner of business

j.

Other document that would validate source of income

3.3 For Overseas Filipino Workers (OFWs), any of the following:

k.

Employment Contract (with English translation if in foreign language)

l.

Original Employers Certificate of Income (with English translation if in foreign language). If document submitted is photocopy, it

shall be duly validated and certified/initialed by HDMF Information Officer assigned in the country where the member works
m. Other Proofs of Income, whether original or photocopy, shall be duly validated and certified/initialed by HDMF Information Officer
assigned in the country where the member works
4.

5.

Photocopy (back-to-back) of one (1) valid ID of Principal Borrower and Spouse, Co-Borrower and Spouse, and Attorney-In-Fact, if applicable.
The same ID must be presented during the conduct of borrowers validation.
Authorization to Conduct/Credit Background Investigation

6.

For OFW members, Special Power of Attorney notarized prior to date of departure or duly certified and authenticated by the Philippine
Embassy or Consulate in the country where the member is staying, if abroad

7.

Insurance Coverage
a.

b.

Health Statement Form (Medical Questionnaire)

OFW members over 60 years old

Loans over P2.0 M to P3.0 M and for borrowers aged up to 60 years old

Health Statement Form (Medical Questionnaire) and Full Medical Examination

Borrowers over 60 years old

8.

Marriage Contract (For all married borrower/s, co-borrower/s, spouse, family member/s included on the computation of aggregate income)

9.

Birth Certificate or any proof of relationship, if with co-borrower/s or family member/s included on the computation of aggregate income

The Pro-forma Health Statement Form (Medical Questionnaire) is available at the Members Services Support Division-Servicing Department for NCR
or at any Pag-IBIG Regional Branch or downloadable from the Pag-IBIG website, www.pagibigfund.gov.ph.

B. Technical Requirements
a.

Certified true copy of TCT/CCT by the Registry of Deeds (latest title)

b.

Location Plan and Vicinity Map

c.

Photocopy of Tax Declaration and Real Estate Tax Receipt

Additional Requirements Depending on the Loan Purpose

For Purchase of Residential Unit, Purchase of Lot and Construction of House, Purchase of Lot
1.

Contract to Sell or similar agreement between the buyer and the seller

For Refinancing
1.

Statement of Account on outstanding loan balance, indicating loan purpose

2.

Any of the following documents:

Official Receipt for the past 12 months

Subsidiary Ledger

Any valid proof of payment for the past 12 months

For Purchase of Lot and Construction of House, Construction of House, Home Improvement
1.

Building Plans, Specification and Bill of Materials duly signed by the Licensed Civil Engineer or Architect

Documents Required Prior to Loan Release

1.

TCT/CCT in the name of the borrower with proper mortgage annotation in favor of the Pag-IBIG Fund (owners copy)

2.

Certified true copy of the TCT/CCT in the name of the borrower with proper mortgage annotation in favor of the Pag-IBIG Fund (RDs copy)

3.

Photocopy of New Tax Declaration in the name of the borrower and updated Real Estate Tax Receipt

4.

Collection Servicing Agreement with Authority to Deduct or Post Dated Checks, if applicable

5.

Proof of Billing Address

Pag-IBIG Documents
6.

Notarized Loan and Mortgage Agreement (LMA) with original RD stamp

7.

Notarized Promissory Note (PN)

8.

Disclosure Statement on Loan Transaction (DSLT)

Additional Requirements Depending on the Loan Purpose

1.

Occupancy Permit (for Purchase of New Residential Unit, Purchase of Lot and Construction of House, Construction of House, Home
Improvement)

2.

Building Plans/Electrical/Sanitary Permits duly approved by building officials (for Purchase of Lot and Construction of House/House
Construction/Home Improvement)

3.

Deed of Absolute Sale (DOAS) with original RD stamp (for Purchase of Residential Unit, Purchase of Lot, Purchase of Lot and Construction of
House)

Procedure for House Construction or Home Improvement with Staggered Releases

 Housing Programs
Disposal of Pag-IBIG Fund Acquired Assets
Magaang Pabahay, Disenteng Buhay Program
In celebration of the National Shelter Month last October 2006 and in compliance with Memorandum Circular No. 112
signed by President Gloria Macapagal Arroyo, the Fund implemented the Magaang Pabahay, Disenteng Buhay
Program.
Under this program, the Funds acquired assets are put up for sale, initially to government employees, at reduced
rates. Discounts of 15% and 20% are given to interested buyers who will purchase properties through housing loan
and through cash payment, respectively. An additional discount of 5% is granted to the buyers if the properties they
are acquiring are illegally occupied. Buyers who are opting to pay through housing loan enjoy 6% interest rate for
the entire term of the loan.
Documents Required Upon Loan Application

Housing Loan Application with recent ID photos of borrower

Proof of Income

2.1 For Locally Employed, any of the following:

Notarized Certificate of Employment and Compensation (Pag-IBIG format)

Notarized Certificate of Employment and Compensation (Employers format) and latest one (1) month payslip
Income Tax Return/Certificate of Tax Withheld (BIR Form No. 2316) and latest one (1) month payslip

2.2 For Self-Employed

ITR and Audited Financial Statements and Official Receipt of tax payment from bank, DTI Registration,
Mayors Permit

2.3 For Pag-IBIG Overseas Program (POP) Members

Employment Contract or Employers Certificate of Income (with English translation if in foreign language) or
other valid Proof of Income
Contract to Sell or similar agreement between the buyer and the seller
For POP Members, Special Power of Attorney notarized prior to date of departure or duly certified and
authenticated by the Philippine Embassy or Consulate in the country where the member is staying, if
abroad
Insurance Coverage
If availing of loans over P2.0 M to P3.0 M and aged up to 60 years old, Health Statement Form (Medical
Questionnaire)
If over 60 years old, Health Statement Form (Medical Questionnaire) and Full Medical Examination
If POP member over 60 years old, Health Statement Form (Medical Questionnaire)

* Pro-forma Health Statement Form (Medical Questionnaire) is available at Servicing Department of 409 JELP Business Solutions Bldg., Shaw Blvd.,
Mandaluyong City or at any Pag-IBIG Regional Office or downloadable at Pag-IBIG website, www.pagibigfund.gov.ph.

PURCHASE OF ACQUIRED ASSETS UNDER THE MAGAANG PABAHAY, DISENTENG BUHAY PROGRAM
(Cash Basis)
(Complex Transaction)
Processing Fee
P1,000.00 - reservation fee (non-refundable)

Magaang Pabahay, Disenteng Buhay Program Procedure

Stage 1: Inquire on List of Properties for Sale and Property Inspection

Stage 1: Inquire on List of Properties for Sale and Property Inspection

STEP
1

Go to the Pag-IBIG NCR/Regional Branch.

For NCR, proceed to the Acquired Assets Department servicing counter. For Regional Branch, proceed to
the Loans and Contribution Management and Recovery Division servicing counter.

Person
Responsible

Marketing Specialist/ Accounts

Management Specialist

Inquire on the list of acquired assets for sale.

Note: The list of acquired assets for sale is available at the bulletin board and downloadable from the PagIBIG website, www.pagibigfund.gov.ph.

STEP
2

STEP
3

Attend briefing.

Get Instructions to Buyers and Reservation Form (2 copies).

Submit duly accomplished Reservation Form (2 copies).

Get duly acknowledged Reservation Form.

Inspect the property.

Note: Come back to the Pag-IBIG Fund after property inspection.

Stage 2: Submit Purchase Offer and Pay Required Deposit

Stage 2: Submit Purchase Offer and Pay Required Deposit

STEP 1

Go to the Pag-IBIG NCR/Regional Branch.

Proceed to the Acquired Assets Department servicing counter.

For Regional Branch, proceed to the Loans and Contribution Management and Recovery Division servicing counter.

Get Payment Order Form (POF)

Person
Responsible

Marketing
Specialist/
Accounts
Management
Specialist

STEP 2

Proceed to the Cash Division-Loans Management Group servicing counter.

For Regional Branch, proceed to the Cash and Administrative Services Division servicing counter.

Present POF and pay reservation fee.

Get Pag-IBIG Fund Receipt (PFR, copy 1).

Note: Come back to Pag-IBIG Fund within 15 days from payment of reservation fee to pay required deposit.

STEP 3

For NCR, proceed to the Acquired Assets Department servicing counter.

For Regional Branch, proceed to the Loans and Contribution Management and Recovery Division servicing counter.

Present PFR (payment of reservation fee) and get Offer to Purchase (3 copies).

Submit duly accomplished Offer to Purchase (3 copies).

Get Offer to Purchase (copies 2 and 3) and Payment Order Form (POF).

For NCR, proceed to the Cash Division-Loans Management Group servicing counter.

STEP 4

Marketing
Specialist/
Accounts
Management
Specialist

Cashier II

For Regional Branch, proceed to the Cash and Administrative Services Division servicing counter.

Present Offer to Purchase (copy 3) and POF.

Get PFR (copy 1).

Notes:
1.

STEP
5

STEP
6

The deposit is equivalent to at least 5% of the selling price.

2.

Payment shall either be in cash or managers check.

3.

Come back to Pag-IBIG Fund after 5 working days to pick up

Receive telephone/cellphone call regarding approval.

For NCR, proceed to the Acquired Assets Department servicing counter.

Marketing
Specialist/
Accounts
Management
Specialist

For Regional Branch, proceed to the Loans and Contribution Management and Recovery Division servicing counter.

Sign Conforme portion of Notice of Approval of Sale (NOAS).

Get NOAS (copy 1).

Notes:
1.

Come back to Pag-IBIG Fund for the payment of the remaining balance within 30 days.

2.

In case of withdrawal of offer, prepare and submit letter within 30 calendar days from receipt of NOAS.

3.

The refund of deposit shall be processed within 3 working days from submission of the letter.

Stage 3: Pay Remaining Balance of the Selling Price

Marketing
Specialist/
Accounts
Management
Specialist

Stage 3: Pay Remaining Balance of the Selling Price

STE
P1

Go to the NCR/Regional Branch.

Proceed to the Acquired Assets Department servicing counter.

Person
Responsible

Marketing Specialist/ Accounts

Management Specialist
For Regional Branch, proceed to the Loans and Contribution Management and Recovery Division servicing
counter.

STEP
2

Get Payment Order Form (POF)

Cashier II

For NCR Branch, proceed to the Cash Division-Loans Management Group servicing counter.

For Regional Branch, proceed to the Cash and Administrative Services Division servicing counter.

Present POF and pay remaining balance

Get Pag-IBIG Fund Receipt (PFR, copy 1).

Note: Come back to the Pag-IBIG Fund after the following period for the DOAS:

3 working days for Cash Payment

5 working days for Local Personal/ Managers Check

7 working days for Regional Personal/Managers Check

STEP
3

Receive telephone/cellphone call on the availability of the Deed of Absolute Sale (DOAS).

Marketing
Specialist/
Accounts
Management
Specialist

STEP
4

Go to the NCR/Regional Branch.

For NCR Branch, proceed to the Acquired Assets Department servicing counter.
For Regional Branch, proceed to the Loans and Contribution Management and Recovery Division servicing
counter.

STEP
5

Get and sign Deed of Absolute Sale (DOAS, 6 copies).

Proceed to Notary Public for the notarization of DOAS.

Submit notarized DOAS (5 copies).

Note: Come back to the Pag-IBIG Fund on the 12th of the following month for the release of title, since the
payment of Expanded Withholding Tax (EWT) is due on the 10th of the following month per BIR ruling.

Marketing
Specialist/
Accounts
Management
Specialist

Stage 4: Get the Title

Stage 4: Get the Title

STEP
1

Person Responsible

Go to the Atrium of Makati/Regional Branch.

For NCR Branch, proceed to the Acquired Assets Department servicing counter.

For Regional Branch, proceed to the Loans and Contribution Management and Recovery Division
servicing counter.

On the 12th of the following month, get the title and the following documents:

Marketing Specialist/ Accounts

Management Specialist

*
*
*
*
*
*

DOAS (copies 1 and 2)

Original Receipt (OR) of Expanded Withholding Tax (EWT)
Original TCT/CCT
Tax Declaration
Real Estate Tax Receipts
Deed of Assignment (if applicable)

Notes:
1.

The buyer shall be the one to get the Certificate Authorizing Registration (CAR) from the
Bureau of Internal Revenue (BIR).

2.

For registration and transfer of title, please refer to the Guide on the Registration and
Transfer of Title.