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Save for Your Dream Home with Pag-IBIG Home Loan Calculator
You’re shopping for a new home and spotted the perfect property. It seems like a good deal, but you’re not sure if you can afford it.
If you’re a member of Pag-IBIG—the national savings and mutual fund program—you can apply for home loans with lower interest rates. You can use the Pag-IBIG home loan calculator to find out how much you can borrow and estimate your monthly payments.
Start crunching the numbers! Learn how to use this free online tool to find a dream home that fits your budget.
Choose What You Want to Calculate
Go to Pag-IBIG's housing loan calculator. Click on the first field and select from three options in its dropdown menu.
- How much income is required for your loan value: Choose this option if you know how much you need but want to check if you qualify for the loan.
- How much you can borrow based on your income: Get an estimate of your maximum loan amount based on your current salary.
- How much you can borrow based on property value: Check how much of the property cost can be covered by a Pag-IBIG loan, so you know if you need additional financing.
Fill out the fields for a personalized quote. You can also plug in different values for various financial scenarios to help with financial planning. You can even print out and compare results.
Option 1: Find Out if You Qualify for the Loan Amount
If you know your maximum Pag-IBIG loan amount, you can look for homes that fall within that price range.
Image Credit: Pag-IBIG Housing Loan Affordability Calculator
Do you meet the minimum income requirements? Select the option “How much income is required for your loan value” and fill out the following fields.
- Loan amount: the principal loan or how much you will borrow from Pag-IBIG, not including interest. The maximum amount is ₱6,000,000.
- Preferred repayment period: how long you will be paying off the loan. Select from 1 to 30 years.
- Preferred fixed pricing period: the time you enjoy fixed interest rates, regardless of market fluctuations. The longer the pricing period, the higher the interest rate.
The calculator automatically provides the income requirement and a breakdown of your monthly amortizations. If you fall short of the required salary, try choosing lower payment and fixed pricing periods.
Option 2: Use Your Income Level to Set a Budget
Use your monthly income as a starting point for computing your Pag-IBIG loan and checking if you can afford the monthly payments.
Image Credit: Pag-IBIG Housing Loan Affordability Calculator
You don’t need a high income to get a Pag-IBIG housing loan. Even minimum wage or low-income members who earn up to ₱15,000 a month can qualify.
However, your salary determines how much you can loan in Pag-IBIG. Use the option “How much you can borrow based on your income” for financial planning. You can set a budget before house hunting or estimate how much you need to earn to afford your dream home. This can be your career motivation!
Just fill in the fields to calculate your maximum Pag-IBIG loan amount.
- Gross monthly income: your salary before taxes and other deductions
- Preferred repayment period: how long you’ll be paying off the loan
- Preferred fixed pricing period: the time you enjoy fixed interest rates
Option 3: Know the Loanable Amount Based on Property Values
Get a quick estimate of how much your Pag-IBIG loan covers and what you need to do to raise the remaining amount.
Image Credit: Pag-IBIG Housing Loan Affordability Calculator
Can your Pag-IBIG loan cover most buying costs? Use Option 3 or “How much you can borrow based on the property value” to find out. Fill in the fields to get a rough calculation.
- Estimated value of the property: the selling price. However, the calculator sets the limit at ₱6,000,000—you'll need to find other financing for any amount beyond that.
- Preferred repayment period: how long you’ll be paying off the loan
- Preferred fixed pricing period: the time you enjoy fixed interest rates
Pag-IBIG home loan calculator will then generate your maximum loan amount, estimated equity, and minimum monthly income to qualify for the loan.
If your dream home costs more than ₱6,000,000, or if you can’t meet the minimum income or amortization requirements, you can explore other options. Talk to banks (which can cover higher percentages of the loan but may have higher interest rates) or ask your developer about other financing.
Buying a home is a long-term financial commitment. Use the Pag-IBIG home loan calculator to know what you can afford. Though it only gives rough estimates, you can plan your finances or look for properties within your price range.
Take time to prepare your finances (like saving for a downpayment) and research your options. Use the internet to shop for properties, monitor Pag-IBIG housing loan rates, learn how to apply for a Pag-IBIG housing loan, and check your Pag-IBIG loan status.
Simplify your house hunting process with powerful internet connection. Choose from GFiber Prepaid or GFiber Postpaid to find one that meets your data needs. Once you’ve found your dream home and secured your loan, you can use GCash to pay for your monthly amortization.
With the right information and preparation, you can make better financial decisions and buy a home without breaking your budget.
