HOUSING LOAN
AFFORDABILITY CALCULATOR
Everyone has a dream to build or purchase a beautiful house for their family. But not everyone can afford to buy or build a house. Now, feel happy because everyone across the Philippines can realize their dreams by taking out a loan through the Pag IBIG Housing Loan scheme. Yes, this is a very good scheme, so stay tuned with us for more information about loans and to calculate how much you borrow the loan and the number of the monthly installment.
We are offering an online calculator called “Pag-IBIG Housing Loan Calculator” that is very helpful and can be used for free. You can easily calculate all aspects of the loan that you can get. With the help of the calculator that shows how much you can borrow the money and how you can return the money in a specific time period that this scheme offers. So, before explaining let’s talk first what Pag-IBIG Fund is?
What is Pag IBIG Loan?
Pag-IBIG stands for “Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno,” which means “Working together for the future. You, the Bank, Industry, and the Government.” Interestingly, “Pag-ibig” also means “love” in Filipino.
Pag-IBIG Fund or Loan is also called Home Development Mutual Fund (HDMF). This is a government controlled corporation that is really good for Philippines locals. The main purpose of this corporation is to give affordable financing options to Filipinos who want to own a house.

This corporation has been operating since 1978 and continues to do so today, with thousands of users having already benefited from the scheme. The Pag-IBIG Fund is financed through member contributions, earnings from loan interests, and returns on various investments.
By the way Pag-IBIG offers loans for multiple purposes, but we will talk about its housing loan program. That’s why thousands of locals already purchased their homes for their sweet families. This loan program has low interest rates, easy payment options, and clear fees. Besides housing loans. That’s why it has become popular now.
What is Pag-IBIG Housing Loan Calculator?
As we already discussed in the above section about the PagIBIG calculator, Pag IBIG is a housing loan scheme that works under the government policies. People take out loans as they need to build or purchase their own home. That’s why our provided “Pag IBIG Housing Loan Calculator” is best to calculate the different aspects of the loan.
PagIBIG loan calculator is designed to help potential borrowers estimate their monthly mortgage payments and assess their financial readiness for a housing loan. It simplifies the process of understanding loan affordability by providing quick calculations based on user inputs.
Pag-IBIG Housing Loan Monthly Amortization Table (Estimated)
Loan Amount (PHP) | 5 Years (6.5%) | 10 Years (6.5%) | 15 Years (6.5%) | 20 Years (6.5%) | 30 Years (6.5%) |
---|---|---|---|---|---|
₱500,000 | ₱9,784 | ₱5,687 | ₱4,355 | ₱3,730 | ₱3,160 |
₱1,000,000 | ₱19,568 | ₱11,374 | ₱8,710 | ₱7,460 | ₱6,320 |
₱1,500,000 | ₱29,352 | ₱17,061 | ₱13,065 | ₱11,190 | ₱9,480 |
₱2,000,000 | ₱39,136 | ₱22,748 | ₱17,420 | ₱14,920 | ₱12,640 |
₱3,000,000 | ₱58,704 | ₱34,122 | ₱26,130 | ₱22,380 | ₱18,960 |
Notes:
How To Use Pag-IBIG Housing Loan Calculator?
Using this calculator is very simple and straightforward. The PagIBIG loan calculator has three different functions. To find out how much you can borrow from Pag-IBIG based on the property’s value, just enter the estimated value into the calculator. It will then show you the highest loan amount you can get.
To find out your monthly payment, just follow these steps:
To find out how much money you can borrow, just enter your income and the monthly interest rate you want into the calculator. It will then show you the highest loan amount you can get during the fixed interest period.
Choose What You Want to Calculate
Find Out if You Qualify for the Loan Amount
Use Your Income Level to Set a Budget
Gross Monthly Income: Your pay before taxes and other amounts are taken out.
Preferred Repayment Period: How much time it will take you to finish paying back the loan.
Preferred Fixed Pricing Period: The period when your interest rate stays the same.
After applying these steps to the Pag-IBIG Housing Loan Calculator, it will generate the maximum housing loan amount for you, estimated equity, and the minimum monthly income required to qualify for the loan.
If you want to get a loan of up to ₱6,000,000 and can’t meet the minimum income or amortization requirements, then talk to banks or ask your developer about other financing options.
Buying a house costs a lot and takes years to pay off. You can use the Pag IBIG Housing Loan Calculator to get an idea of what you can afford. It only gives a rough estimate, but it can help you budget and find homes that fit your money situation.
How to Calculate How Much You Can Borrow Based on Your Income
P = Loanable Amount
M = Gross Monthly Income
i = Monthly Interest Rate
n = Term Duration in Months
This formula combines a basic monthly loan payment calculation with Pag-IBIG’s income rule. According to Pag-IBIG, your monthly loan payment (not including insurance) can be up to 35% of your gross monthly income.
How to Calculate the Loan Amount You Can Get Based on the Property Value
According to the Pag-IBIG Housing Loan Calculator, people can take a loan of up to 95% of their property value. If they have a higher-value property, the percentage will be 90% based on the economic housing limit. These percentage values show the LTV ratio, which means how much of the property’s value is being borrowed through a loan. The table below gives a clear view of this.
Appraised Value of Property | LTV Ratio |
---|---|
Up to the economic housing limit | 95% |
Over the economic housing limit and up to ₱6,000,000 | 90% |
Our provided online Pag-IBIG loan calculator uses an economic housing limit of ₱2,499,999.99. This means that if the property’s value is within the allowed limit, you can borrow up to 95% of it through a loan.
Purpose of PAG IBIG Loan
Before Applying For A Pag-IBIG Loan
Eligibility
You should be eligible for a PagIBIG loan, in order to qualify for the loan, you need to have been a member of the fund at least 24 months and also have a reliable source of income. Also, you must not have any unpaid Pag-IBIG loans, should have finished paying any old ones, and be younger than 65.
Fees
To apply for the Pag-IBIG house loan, it includes multiple fees. It starts with P 1,000 that is non-refundable, as well as an appraisal fee of P 2,000 that is called processing fees.
Documents
Legal documents are very necessary to get the Pag-IBIG housing loan. You need to show proof of your income, ID documents, papers that show you own the property or a contract to sell, and photos of the property.
Interest Rates
The interest rate for a Pag-IBIG loan depends on how long you choose to keep the rate fixed. You can choose to fix it for 1, 3, 5, 10, 15, 20, 25, or 30 years. The rates for each option are listed on the Pag-IBIG website.
Repayment Terms
You can pay back aPag IBIG Housing Loan Calculator over a period of 1 to 30 years, depending on how much you earn and how big your loan is.
Pag-IBIG Housing Loan Calculator Requirements
Here are Accepted IDs By Agency
How to Apply for Pag-IBIG Housing Loan
You need these documents to apply for the loan. Before applying for the loan, use the Pag-IBIG Housing Loan Calculator to estimate the different aspects of the loan.
FAQs
Conclusion
Now, it’s time to make your dream come true by building a house or buying a new one through the Pag-IBIG housing loan scheme. This loan requires a stable income source, valid IDs, and other important documents, including the repayment terms. That’s why we offer an online Pag-IBIG Housing Loan Calculator that is user-friendly and free to use.
It can estimate the loan amount, interest rate, monthly payments, and other important details you need to know before borrowing. So, use this calculator to help you decide how much loan you can afford easily.