To those of you who are planning to avail of a Pag Ibig Housing Loan and are first-timers at it, kindly take note that the maximum loanable amount for a Pag Ibig House Loan is P3 million pesos. Also, most of the applicants of Pag-Ibig are usually borrowing P400,000 to P700,000, and you will get the lowest interest rates of these amounts. Hence, Pag ibig housing loans are actually more ideal for middle-income earners.
Below is the Interest Rate table for the corresponding Pag-ibig Loan Amount (30 year maximum loan term):
| Up to P400,000 |
6% |
| Over P400,000 upto P750,000 |
7% |
| Over P750,000 upto P1,000,000 |
8.5% |
| Over P1,000,000 upto P1,250,000 |
9.5% |
| Over P1,250,000 upto P2,000,000 |
10.5% |
| Over P2,000,000 upto P3,000,000 |
11.5% |
In addition, take note of these guidelines when applying for a Pag ibig housing loans…
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