Pag-IBIG Housing Loan

Consolidated Housing Loan Program
Pag-IBIG Housing Loan Program
For End-User Financing (Cir. 213)


The Pag-IBIG housing loan may be used to finance any one or a combination of the following:

  1. Purchase of a fully developed lot not exceeding 1,000 square meters, which should be within a residential area;
  2. Purchase of a lot and construction of a residential unit thereon;
  3. Purchase of a residential house and lot, townhouse or condominium unit, inclusive of a parking slot, which may be:
    • old or brand new
    • a property mortgaged with HDMF; or
    • an acquired asset which is disposed of through sealed Public Bidding or Negotiated Sale, Rent-to-Own Program.
  4. Construction or completion of a residential unit on a lot owned by the member;
  5. Home improvement; i.e., any alteration in an existing residential unit intended by a homeowner to be a permanent integral part thereof, which will enhance its durability and material value;
  6. Refinancing of an existing mortgage loan with an institution acceptable to HDMF, provided that the loan to be refinanced is current and updated at the time of loan application; and the account reflects a perfect repayment history for at least 2 years, as supported by the borrower’s official receipts.
  7. Combination of loan purposes shall be limited to the following:
    • purchase of a fully-developed lot not exceeding 1,000 square meters and construction of a residential unit thereon
    • purchase of a residential unit, whether old or new, with home improvement; or
    • refinancing of an existing mortage, specifically a lot loan, with construction of a residential unit thereon.


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

  1. Must have made at least 24 monthly contributions at the time of loan application as evidenced by the remittance of at least 24 monthly contributions at the time of loan application; or
  2. Not more than 65 years old at loan maturity and must be insurable;
  3. Has the legal capacity to acquire and encumber real property;
  4. Has passed satisfactory background/credit and employment/ business checks of the developer and Pag-IBIG Fund;
  5. Has no outstanding Pag-IBIG housing loan, either as a principal borrower or co-borrower;
  6. Has no outstanding Pag-IBIG MPL in arrears at the time of loan application. A member whose MPL is in arrears shall be required to pay his arrearages over the counter to update his account.


Maximum of P2,000,000.00 Million, which shall be based on the lowest of the following: the member’s actual need, his loan entitlement and the loan-to-collateral ratio.

  1. Loan Entitlement Based on Pag-IBIG Contributions


    POP Pag-IBIG I & II
    US$ equivalent at point of availment
    P100 Up to P125,000
    200 Over P125,000-P250,000
    300 Over P250,000-P375,000
    400 Over P375,000- P500,000
    600 Over P500,000 - P750,000
    800 Over P750,000 - P1,000,000
    1,000 Over P1,000,000- P1,250,000
    1,200 Over P1,250,000-P1,500,000
    1,400 Over P1,500,000-P1,750,000
    1,600 Over P1,750,000- P2,000,000



The ratio of the loan amount to the appraised value of the collateral shall not exceed the following rates:

Loan Amount With Buyback Guaranty Without Buyback Guaranty
Up to P300,000 100% 100%
Over P300,000 to P750,000 100% 90%
Over P750,000 to P1M 90% 80%
Over P1M to P2M 90% 70%


    Loan Amount If payment is made on or before due date If payment is made after due date
    Up to P150,000 6% 8%
    Over P150,000 to P180,000 7% 9%
    Over P180,000 to P300,000 9% 11%
    Over P300,000 to P500,000 10% 12%
    Over P500,000 to P750,000 11% 13%
    Over P750,000 to P2M 12% 14%



The Pag-IBIG housing loan shall be repaid according to the following schedule:

Loan Amount Term of Loan
Up to P750,000 Maximum of 30 years
Over P750,000 - P2,000,000 Maximum of 20 years


  • Over-the-Counter (OTC)
  • Salary Deduction
  • Issuance of Postdated Checks (PDCs)
  • Auto Debit Arrangements with Banks


  • First Real Estate Mortgage (REM)
  • Contract-to-Sell (CTS)


A processing fee of P3,000.00 which shall be paid as follows:

    1. P1,000.00 upon filing of the loan application, which shall be non-refundable if the loan is disapproved;
    2. P2,000.00 upon loan takeout.

Other expenses such as standard appraisal fees, registration expenses, notarial and documentation fees, as well as taxes pertinent to the sale and transfer of the property to the borrower.

SSS Individual Housing Loan

What is the Individual Housing Loan Program?
The Individual Housing Loan Program is a lending program of the Social Security System (SSS) established to provide funds thru SSS-accredited participating financial institutions (PFIs).

Drawdowns will be done by the PFI in batches of ten applications for review by the SSS Real Estate Department.

What are the eligible purposes of the loan?
Loans may be used to:
  • Construct a new house or dwelling unit on a lot owned by the applicant free from liens/ encumbrances;
  • Purchase a lot and construction thereon of a new house or dwelling unit;
  • Purchase an existing residential unit which may be a house and lot, a condominium unit or a townhouse; and
  • Purchase an existing residential unit foreclosed by SSS, GSIS, HDMF (Pag-Ibig), HGC and other GFIs.
  • A rowhouse or townhouse unit is allowed provided the units are separated by a minimum of 4” thick CHB common wall extended up to roof lines and 6” thick CHB and walls extended beyond the building and roof lines by at least one meter.
  • A core house is allowed as long as it has four walls and a roof, enclosed toilet and bathroom, kitchen and door and window covers. Four-inch CHB exterior walls are allowed provided they are constructed with concrete columns and beams.

Who may borrow under the loan program?
A member is qualified to borrow if:
  • he is an active SSS member and has paid at least twelve (12) months continuous contributions or at least twenty-four (24) months total contributions;
  • he is not more than 65 years old;
  • he has not been previously granted a housing loan by the SSS, either directly or through conduit institutions, refund of contributions, retirement or total permanent disability benefit;
  • he is up-to-date in the payment of all SSS contributions and other loan amortizations; and
  • if employed, his employer must be up-to-date in the payment of monthly contributions and loan remittances.

How much is the loanable amount?

The maximum loanable amount is P1,000,000.00, or, whichever is the lowest of the amount applied for, the amount justified by the paying capacity, the loan value of the collaterals, and the actual need as determined by the bank.

What is the term of the loan?

The loan is payable in multiples of five (5) up to a maximum of thirty (30) years, but, not to exceed the economic life of the house, and, the difference between the age of the applicant and 70.

What is the interest rate of the loan? 

  1. Up to P300,000.00 – 9% p.a. fixed for the term of the loan
  2. Over P300,000.00 up to P500,000.00 – 13% p.a. subject to review every five (5) years. 
  3. Over P500,000.00 up to P1,000,000.00– 14% p.a. subject to review every five (5) years.
Can the borrower avail of the interim financing for his loan?
The individual borrower (for an owner-built house only as differentiated from a turn key arrangement with a developer/ contractor) may avail of interim financing from the bank.
The bank must file the loan application with the SSS within the 120-day period from the time the interim financing was granted.
Who will appraise the property?
The PFI will appraise the lot and the house to be constructed thereon.

What are the allowable collaterals for the loan?
The loan shall be secured by a first mortgage on the house and lot to be financed. However, the lot must be: 
  1.  registered under the Torrens System in the name of the applicant and/or his spouse;
  2.  without any liens or encumbrances; and
  3. accessible thru an existing road, the development of which should be at least macadam with the drainage system, with at least two meters right-of-way, graded and passable.

What are the required insurance coverages for the loan?

The loan should be duly covered by Mortgage Redemption Insurance and Property Insurance.

What are the required documents for the loan?
The following documents should be submitted upon application:
  • Loan application
  • Certificate of employment and compensation or updated employment contract
  • Certificate of Loan Eligibility (CLE) – (P100 Service Fee)
  • Authenticated copy(ies) of latest income tax return(s) with W-2 or financial statements for the last three years if income is from business
  • Authenticated copy of transfer certificate of title (TCT) including encumbrance of real estate mortgage
  • Tax declaration and latest tax receipt
  • Lot plan (with vicinity map) of the project site
  • Building plans (floor plans and elevation only) and specifications
  • Building permit
Where should a member file his application?
Application forms should be filed with any of the following SSS-accredited PFIs:*

Page last updated 15 March 2006