❓ Mga Madalas na Tanong (FAQ)
What is the interest rate?
Starting at 5.375% per year for a 1-year repricing period, up to 10% for 30-year fixed rate.
Can I use it to buy a condo?
Yes. For house and lot, condo unit, townhouse, lot only, or home construction and renovation.
How long can I pay it back?
Up to 30 years, as long as the loan term does not go beyond your 70th birthday.
Can OFWs apply?
Yes. OFWs can apply through Pag-IBIG Fund overseas offices or authorize a representative.
What if I miss a payment?
A penalty of 0.083% per day is charged. Three missed payments may result in default and foreclosure.
Can I have two Pag-IBIG loans?
You cannot have two housing loans at the same time. You may re-apply after the first is fully paid.