For those Who Plan to Avail a Pag Ibig Housing Loan…
Monday, November 9th, 2009To 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…