Posted by: girlie | February 20, 2009

How to apply for HDMF Housing Loan

Here’s a quick reminder for those who want to apply for HDMF Housing Loan thru Abot-Kamay Pabahay program

1.  Pag-IBIG members must satisfy the following requirements to qualify for a
housing loan:

  • Must be a member under the Pag-IBIG I, Pag-IBIG II or Pag-IBIG Overseas Program (POP) for at least twenty-four (24) months, as evidenced by the remittance of at least 24 monthly contributions at the time of loan application.
  • A member, whether new or with existing monthly contributions that are still short of the 24-month membership requirement, shall be allowed to make lump sum payment based on the mandatory monthly membership contribution rates (both EE and ER share) to meet said requirement at point of loan application. Lump sum payment of membership contributions shall be considered a single contribution for the applicable month as of the payment date. Said member shall be required to pay the upgraded membership contribution rates upon housing loan approval and onwards.
  • A member who has contributed for at least two (2) years shall be required to pay the upgraded contribution rates upon housing loan approval and onwards.
  • For purposes of satisfying the residency requirement, the period corresponding to the Total Accumulated Value (TAV) applied earlier to a member’s outstanding loan (offsetting) shall be considered when counting the total number of monthly contributions, provided that the remaining TAV after offsetting does not fall below the equivalent amount of 24 monthly contributions.
  • Not more than sixty-five (65) years old at the date of loan application and must be insurable; provided further that he/she is not more than seventy (70) years old at loan maturity;
  • Has the legal capacity to acquire and encumber real property;
  • Has passed satisfactory background/credit and employment/ business checks of the developer and Pag-IBIG Fund;
  • Has no outstanding Pag-IBIG housing loan, either as a principal borrower or co-borrower;
  • Had no Pag-IBIG housing loan that was foreclosed, cancelled, bought back, or subjected to dacion en pago;
  • Has no outstanding Pag-IBIG multi-purpose loan in arrears at the time of loan application. A member whose multi-purpose loan is in arrears shall be required to pay his arrearages over the counter to update his account.

2. A member’s loan entitlement shall be proportionate to his Pag-IBIG contributions (inclusive of the employer counterpart contributions), which shall be based on the following schedule:

Pagibig Membership Contributions

POP Pag-IBIG I & II Loan Amount
US $5 P200 Up to P500,000
250 Over P500,000 – P600,000
300 Over P600,000 – P700,000
350 Over P700,000 – P800,000
400 Over P800,000 – P900,000
450 Over P900,000 – P1,000,000
500 Over P1,000,000 – P1,100,000
US $ equivalent 550 Over P1,100,000 – P1,200,000
at point of 600 Over P1,200,000 – P1,300,000
availment (250-950)
650 Over P1,300,000 – P1,400,000
700 Over P1,400,000 – P1,500,000
750 Over P1,500,000 – P1,600,000
800 Over P1,600,000 – P1,700,000
850 Over P1,700,000 – P1,800,000
900 Over P1,800,000 – P1,900,000
950 Over P1,900,000 – P2,000,000

3. With the Fund’s move to make home financing more affordable to Pag-IBIG members, the loan-to-collateral value ratio was increased. At present, the following rates are in effect:

Loan Amount With Buyback Guaranty Without Buyback Guaranty

/ Retail Account

Up to P300,000 100.00% 100.00%
Over P300,000 to P750,000 100.00% 90.00%
Over P750,000 to P1M 95.00% 85.00%
Over P1M to P2M 90.00% 80.00%

4. The Pag-IBIG Abot-Kamay Pabahay Program shall bear interest at the following rates per annum:

Loan Amount Interest rate
Up to P300,000 6.00%
Over P300,000 to P750,000 7.00%
Over P750,000 to P2,000,000 10.50%

5. The loan shall be repaid at a maximum term of thirty (30) years, and shall, in no case, exceed the difference between the present age and age seventy (70) of the principal borrower.

6. The borrower shall pay a Processing Fee of Three Thousand Pesos (P3,000.00), which shall be paid as follows:

  • One Thousand Pesos (P1,000.00) upon filing of the loan application, which shall be non-refundable if the loan is disapproved;
  • Two Thousand Pesos (P2,000.00) upon loan takeout.

For comprehensive guidelines of the “Abot-Kamay Pabahay” Program, check Pagibig Fund Circular No. 233



  1. am glad for posting the details since i haven’t attended yet the seminar at makati atrium. dat would save the time and energy. am luking 4 a foreclosed house loanable thru hdmf. tenks

  2. thanks so much..i want to loan up to 2M, does that mean i have to pay 950/month for 24months?

  3. I’m planning to apply to pagibig,am I cqualified to take a loan even I’m new? I’m willing to pay 2 years in advance.

    • Hi Janelle,

      You need atleast 24 contributions or 2 years. But if you are new to your company you can arrange with your agent and pay 2 years contribution in advance so PAGIBIG can grant you a loan… it’s like paying 2400 🙂


  4. I want to see/know foreclosed housing in Agan Homes and Villanueva Plains in Surallah, South Cotabato. Where do I go to ask.

    • if you really want to buy a lot please buy my 600 sqm with complete title in san francisco agusan del sur biside high way 3minutes away to market

    • Me too, I’m interested in acquiring a lot in Surallah, South Cotabato! The above post was more than 2 years ago now. Did you receive any reply from them?

  5. what are the requirements if i will buy one of the acquired lots of hdmf? i am a member of hdmf since 2001. are those listof acquired lots post in website updated? i am interested to buy od bless us alwaysone of those in rosales pangasinan. tnx and g

  6. pls contact me reg this.-09165578673
    I have consistent contibution for 8 years and would like to apply for this> thanks

  7. am planning to avail housing loan thru qualified to all the requirements. However, i prepare to have a house in San Pablo City, Laguna..where can i inquire?

  8. i am a member of pag ibig for 3 years i qualified to take a housing loan?

  9. I wish to avail a loan for house renovation/improvement. How can I avail of this. What is the maximum amount of loan that may be granted to me? How long should I pay for it? Kindly help. Tnx.

  10. how to avail a loan for house renovation/improvement

  11. Hi Janelle,

    Can we avail the housing loan using the amount approved will be bought a lot?…

  12. how to avail/apply foreclosure of my housing loan.i can’t pay the monthly bill anymore cause i have no work now…

  13. i wish to apply for housing loan sana I have my own Land gusto mag build ng small house lang sana panu kaya un?

  14. can i make a loan of 1.8 M to purchase a land for agri bussiness and at the same time building a house..i can make an advance contribution for 2 years..salamat po

  15. also i can make my 100m2 in Filinvest located in QC near Batasan area…salamat uli

  16. I want to renovate our old house was in my mom name, and the land under my brother name but I’m intended to the land, can use it as collateral. And my husband is ofw, should I pay the 24 premium before I can to have this loan

  17. Thanks a lot for sharing this with all folks you actually recognize what you are speaking approximately! Bookmarked. Kindly also discuss with my site =). We may have a hyperlink exchange contract between us

  18. What’s up, just wanted to say, I liked this article. It was helpful. Keep on posting!

  19. Hi. How can I avail a loan for a house renovation? what are the requirements, and how long will it take for my loan to be approved after submitting all requirements? Mark

  20. ano po bang requirements pag home improvement loan?

  21. hi i have an eixsting calamity loan that is unpaid yet, can i apply for a housing loan?

  22. So as it is possible to see, these things won’t jeopardize the job, you should only have to be prepared in getting greater premium rates within your loan. The fax free payday advance has ultimately been around for such a short duration of time, they have been challenging to quantify it’s value

  23. Hi! My son is the principal borrower for a housing loan – purchase of house and lot. This house and lot will be the collateral for that loan which is under the name of his parents. Will the title of the house and lot be transferred to his name as one of the requirements for loan release? Thank you and I hope we can be enlightened on this matter.

  24. My husband and I are are done with our pag ibig housing loan last May. Is the MRI (mortgage redemption insurance) refundable? If so,how and what are the requirements? Thanks and God bless!

  25. is it possible to have house improvement loan if our title is still at rcbc bank?

  26. Hi po.ask po mr.ko kung pwede daw po maka loan nang housing loan.he is working in a company for 20yrs,at atlanta industries in corporation.manggahan pasig city.

  27. Nang plan po sana siya mag loan housing loan.kc po me nakuha na po kami lupa,but actually nang start na po.mag pagawa pero maliit pa lang po kc la pa po budget.kaya po mag loan po siya housing loan para matuloy tuloy na po gawa.

  28. The first plan is loan for a lam sum,coz he is 20 yrs in the company,but when inquire at the office the office told him that ther company is just contributing for almost 18 yrs,

  29. Ano ano po ba requirements para maka pag loan nang housing loan.

  30. hi, i’m from deped davao city. i wish to apply for a housing loan. i wanted to know how much i am to pay for the monthly amort if the amount to apply is 1M for 25 years?

  31. It’s rather a nice beneficial item of info. I am joyful you distributed this handy information and facts here. Make sure you keep us updated in this way. Thank you for discussing.

  32. paao po mag apply sa housing loan sa palaw mariveles bataan?

  33. i am employed and has 24 contributions. does it mean that i am qualified to housing loan? i have seen a raw house here at paliparan dasmarinas cavite

    • jamie, yeah you should be qualified. actually even if you are recently employed there is an option to pay pay advance for 24 months of pagibig contribution to be qualified. you can check with nearest HDMF satellite office in your place.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s


%d bloggers like this: