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Pag-IBIG housing loan computation
Monthly amortization, total interest and the share of your pay, with a documents checklist
Borrower: [YOUR NAME]
Property: [HOUSE AND LOT OR CONDO, ADDRESS]
Date: [DATE]
1. The loan
What Amount
Selling price (total contract price) ₱ [AMOUNT]
Down payment (equity) ₱ [AMOUNT]
Loan amount ₱ [AMOUNT]
Interest rate per year (from my offer) [RATE] %
Term [YEARS] years
Monthly payments [N]
2. Monthly amortization
What Amount
Monthly amortization (principal and interest) ₱ [AMOUNT]
Interest in the first payment ₱ [AMOUNT]
Total of all payments ₱ [AMOUNT]
Total interest over the term ₱ [AMOUNT]
Share of our gross monthly income [PERCENT] %
Gross income at which the payment is 35% of pay (Pag-IBIG limit) ₱ [AMOUNT]
3. Balance year by year
Year Paid that year Of which interest Balance at year end
1 ₱ [AMOUNT] ₱ [AMOUNT] ₱ [AMOUNT]
2 ₱ [AMOUNT] ₱ [AMOUNT] ₱ [AMOUNT]
3 ₱ [AMOUNT] ₱ [AMOUNT] ₱ [AMOUNT]
5 ₱ [AMOUNT] ₱ [AMOUNT] ₱ [AMOUNT]
10 ₱ [AMOUNT] ₱ [AMOUNT] ₱ [AMOUNT]
…
4. Documents to prepare
Done To do
☐ Housing loan application form, filled in and signed (with your co-borrower, if any)
☐ Two valid IDs, your Pag-IBIG MID number and your record of monthly savings (ask how many months are required)
☐ Proof of income: certificate of employment and compensation, latest payslips or ITR; for OFWs, contract and payslips abroad
☐ Copy of the title (TCT or CCT) and the latest tax declaration of the property
☐ Contract to sell, reservation agreement or deed of sale with the developer or seller
☐ Location plan and vicinity map; for construction, the building plans and the bill of materials
☐ Marriage certificate (PSA), if married; special power of attorney if someone files for you
☐ Proof of billing address and your bank details for the auto-debit or post-dated cheques
The rules A Pag-IBIG member in good standing may apply for a housing loan on the terms set by the Board of Trustees, taking into account ability to pay (Republic Act No. 9679, section 11). The amortization here is the standard formula: equal monthly payments; each month interest is charged on the balance left, and the rest of the payment reduces the loan. The interest rate, how long it stays fixed, the repricing, the loanable amount and the promos come from Pag-IBIG and change. Use the rate in your offer and check at the start of the year. Insurance (fire and property, mortgage redemption) is usually added to the monthly payment — ask how much, it is not in this calculation. Pag-IBIG limits the loanable amount so that the monthly repayment is not more than 35% of gross monthly income (Pag-IBIG Circular No. 402, 2018); Pag-IBIG decides how much you can borrow.
5. From my offer
Ask and write down Answer
Interest rate and how long it is fixed
Repricing period after that
Loanable amount approved
Insurance added to the monthly payment
First payment date and how to pay
A loan worksheet, not financial advice. The rate is the one you enter; Pag-IBIG sets rates, repricing, loanable amounts and insurance. Checked 21 October 2026.