Pag-IBIG Housing Loan Calculator - Calculate Monthly Amortization
Free Pag-IBIG calculator for Philippine housing loans. Calculate monthly payments, total interest, and LTV ratio
Pag-IBIG Housing Loan Calculator
Loan Results
What is a Pag-IBIG Housing Loan Calculator?
A Pag-IBIG housing loan calculator is a free financial tool specifically designed for Philippine Home Development Mutual Fund (Pag-IBIG Fund) housing loans. It calculates monthly amortization, total interest, loan-to-value ratio, and down payment requirements based on current Pag-IBIG policies and rates.
This calculator helps with:
- Monthly payment planning - Calculate affordable amortization based on income and loan terms
- Loan affordability - Determine maximum loan amount you qualify for under Pag-IBIG
- Budget preparation - Plan total housing costs including down payment and monthly amortization
- LTV compliance - Ensure loan-to-value ratio meets Pag-IBIG requirements (typically 80-90%)
- Interest comparison - Compare Pag-IBIG rates across different loan brackets and terms
For general mortgage payment calculations, use our mortgage calculator to compare Pag-IBIG financing against bank mortgages and other loan products available in the Philippines.
To determine how much home you can afford with your income, our home loan calculator helps you evaluate maximum purchase price based on monthly payment capacity.
For comprehensive home buying budget analysis, our house affordability calculator factors in all costs including down payment, closing fees, and ongoing homeownership expenses.
How Pag-IBIG Loan Calculation Works
Pag-IBIG housing loans use standard amortization formulas:
Monthly Amortization Formula:
M = P × [r(1+r)^n] / [(1+r)^n - 1]
Where:
M = Monthly payment
P = Loan amount (PHP)
r = Monthly interest rate
n = Number of months (up to 360)
LTV Ratio Calculation
LTV = (Loan Amount ÷ Property Value) × 100
Pag-IBIG typically allows 80-90% LTV depending on member contribution history and property type.
Interest Rate Tiers
• ₱400,000 - ₱3,000,000: 5.5%
• ₱3,000,001 - ₱4,500,000: 6.375%
• ₱4,500,001 - ₱6,000,000: 7.375%
Key Pag-IBIG Concepts Explained
HDMF/Pag-IBIG Fund
Home Development Mutual Fund is Philippine government corporation providing affordable housing loans to Filipino workers and OFWs.
MWE Contributions
Minimum Working Experience requirement of 24 months contributions for employees or 5 years for self-employed/voluntary members.
LTV Limit
Loan-to-Value ratio maximum is typically 90% for regular members, meaning 10% minimum down payment required.
Tiered Rates
Interest rates increase with loan amount: 5.5% for loans up to ₱3M, higher rates for larger loans up to ₱6M maximum.
How to Use This Pag-IBIG Calculator
Enter Property Value
Input property purchase price (e.g., ₱3,000,000)
Enter Loan Amount
Input desired loan (e.g., ₱2,700,000 for 90% LTV)
Select Interest Rate
Choose rate based on loan amount tier (5.5-7.375%)
Choose Loan Term
Select term in years (maximum 30 years)
Calculate Amortization
Click Calculate to see monthly payment and totals
Verify Affordability
Ensure monthly payment fits within your budget
Benefits of Using Pag-IBIG Calculator
- • Accurate Planning: Calculate exact monthly amortization based on current Pag-IBIG rates and policies.
- • Budget Confidence: Know if monthly payment fits your income before applying for loan.
- • LTV Compliance: Verify loan amount meets Pag-IBIG loan-to-value requirements automatically.
- • Rate Comparison: Compare costs across different loan amounts and interest rate tiers.
- • Down Payment Planning: Calculate exact down payment needed for desired loan amount.
- • Long-Term Cost Visibility: See total interest and payment over entire loan term.
Factors That Affect Pag-IBIG Loan
1. Loan Amount Tier
Higher loan amounts have higher interest rates. Staying under ₱3M gets lowest 5.5% rate.
2. Contribution History
At least 24 months of contributions required. More contributions may qualify for higher LTV and better terms.
3. Property Location
Property must be in Philippines. Location affects appraisal value and LTV approval.
4. Income Capacity
Monthly amortization should not exceed 30% of gross monthly income for approval.
5. Age Limitation
Age plus loan term should not exceed 70 years. Older borrowers may need shorter terms.
Frequently Asked Questions
What is Pag-IBIG housing loan?
Pag-IBIG housing loan is a home financing program by the Philippine Home Development Mutual Fund (Pag-IBIG Fund) offering affordable interest rates (currently 5.5-7.375% depending on loan amount) with terms up to 30 years for eligible Filipino workers and overseas Filipino workers.
How much can I borrow from Pag-IBIG?
Pag-IBIG maximum loanable amount is PHP 6 million. The actual amount depends on your income, age, property value, and loan-to-value (LTV) ratio, which varies from 80-90% depending on your contributions and property type. Minimum loan is PHP 400,000.
What is the current Pag-IBIG interest rate?
As of 2024, Pag-IBIG interest rates are: 5.5% for loans up to PHP 3 million, 6.375% for loans PHP 3-4.5 million, and 7.375% for loans PHP 4.5-6 million. Rates are subject to change based on Pag-IBIG policies.
What are Pag-IBIG housing loan requirements?
Requirements include: at least 24 months of Pag-IBIG contributions (MWE) or 5 years contributions (non-MWE), Filipino citizenship or permanent residency, steady employment or business income, good credit standing, and acceptable collateral or property to be purchased.
How long does Pag-IBIG loan approval take?
Pag-IBIG housing loan processing typically takes 2-4 weeks after submitting complete documents. Timeline varies based on completeness of requirements, property verification, credit check results, and current application volume at your branch.