Pagibig Financing

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Email Exchange: Maximum Loan, Reactivating Member

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We always receive a lot of interesting emails from our visitors. And every once in a while, we feature some which are really very important to the other Pag-IBIG members to be aware of.

For this month, we’ll share two email messages.

One email is coming from Overseas Filipino Workers couple who wanted to get a housing loan that is around 4M. Take note that there are a lot of OFW’s who can afford to pay a long term loan amounting this much, but Pag-IBIG sets a maximum limit on how much you can loan. Some of you already know what this maximum amount it, but let’s see if your case in similar to the couple.

Another email is from a former member who was separated from employment for a long time already. She wants to reactivate her membership so that she can eventually apply for a home loan. What do you think is the best approach to this?

Let’s find out below.

Topic #1: Maximum Housing Loan Amount

My husband and I are OFW and member since 2009 (but both of us are paying PAGIBIG started when we are single) and our family resides in UAE, my question are:

1.Since an individual member can get 3M max and in case we need more than that can my husband loan at the same time for the same project with the same amount (3M)?

Answer #1: The maximum is only 3M even if you combine both your incomes.

2.What is the process of lending us, are you gonna give us the cash or cheque or the PAGIBIG will pay the real state?

3.Can we get the amount and purchase the house and lot we want just in case we are buying the lot/land to a friend or realstate?

Answer to #2 and #3: Click here for the housing loan process.

The cheque will be given to the seller.

4. Can we apply the loan while we are here in UAE, for e.g. submitting letters, filled forms or necessary requirements thru email because he have a limited time and we can stay only max of 3weeks in Phils.? Can we start the application here and the rest will be doing there?

Answer to #4: I’m afraid you still have to attend the loan seminar. Please read the article above.

5. How long it will takes to apply the housing loan?

Answer to #5: The application is easy. It’s the approval that’s going to take a long time, depending on the requirements and some factors.

6. Is there a chance for me to apply housing loan for 4M?

Again, the maximum is 3M.

Topic #2: Former Member, Separated From Employment

Housing Loan Philippines There are a lot of Pag-IBIG members who are into these situations:

  • They move from one company to another.
  • They go to work abroad.
  • They are separated from employment from one reason or another.

Here is a letter sent to us by a former Pag-IBIG member who belongs to the third case above. I’m sure many of our site visitors can relate with her. Later in this article, I’ll show you how to best handle this case and what options are available to you.

Here goes the letter:

I have been separated from employment for about 6 years ago already and didn’t continue or reactivate my pagibig. Now, I realized how important pagibig in my own family.

So my question is, what are the requirements for a member separated from employment that wish to reactivate as voluntary? And also, I never had the chance to get my pagibig number because after a year of my separation of the said company, the company was also closed. And I already got married now so I know for sure there are a lot of things and requirements to prepare prior to going to pagibig office.
Your answer would really be helpful as I need to prepare my requirements before going to our Pagibig office which is 2 hour ride via bus from my place.

And here is part of my reply to the letter:

I hope you won’t rush things and sorry if I won’t answer your question as you would expect.

Having a documented source of from employment or business is far more important than becoming a member of Pag-IBIG. This is a mistake most voluntary members make: They think that if they are members, they are also automatically illegible to get a housing loan. No, you have to show enough income first. That’s the most important factor to think about.

Consider this income requirements that Pag-IBIG imposes for all borrowers:

https://www.pagibigfinancing.com/articles/2011/how-your-income-and-contributions-affect-your-housing-loan-entitlement/

That should give you an idea.

Going back to your concern, you have to answer these questions yourself: Are you currently employed right now or you have a registered business of your own? How about your husband?

Reader Interactions

Comments

  1. I have 2 pag ibig account, one when i am working in philippines and one POP.I am here now in UAE. I took housewhich is under financing. I plan to have a housing loan through pag ibig, I know one requirement is to attend seminar.since we are working abroad, can this seminar be schedule in the embassy or we have to do it in Philippines. Please let me know to proceed

    Looking forward to hear from you.
    Thanking you in advance…

    Sincerely,

    Merlyn

  2. @Merlyn:
    You should attend the seminar which is being held at the branch from where you are going to apply for a housing loan.

  4. @analisa:
    Please proceed to the branch near you and then inquire from there. You will be asked to fill up a Membership Data Form.

  5. Hello,
    Since later part of 2008, I have been working from home. The company I am working for is based in the UK. I went to the office of Pag-ibig to check how I can continue my contributions and was told that I could still contribute and become a voluntary member which means that I am not entitled to a housing loan. But a few days ago, I checked the pag-ibig website and found that “Filipinos employed by foreign-based employers, whether they are deployed here or abroad or a combination thereof.” are now under the mandatory membership. So my questions are:
    1. Granting that I reactivate my Pag-ibig account, am I now eligible for a housing loan?
    2. I have been a member of Pag-ibig for more than 2 years (more than 24 contributions)prior to my deactivation. So when I reactivate, should I wait for another 2 years (24 contributions) before I can apply for a housing loan?

    I would appreciate all the information you can give me regarding this matter, see the nearest pag-ibig office is 2 hours away from our place so it would be very inconvenient for me to go there just to get the information I need. Your answers would help me determine whether I really need to go there or not.

    Many thanks and may God bless you!
    Debbie

  6. Hi Debbie,

    Quick answers:

    1. Yes, you can reactivate anytime. You are actually under the self-employed category. It is important to bear in mind that you should be able to present some proofs of income when you apply for a housing loan.

    2. Well, it depends on the branch. Some will only have you wait for 12 months after putting down the whole 24 months payment. But if you consider the fact that you will be paying 12 months for the equity, I think it is worth the wait.

  7. do you have any requirements, like basic salary, to have the max loan of 3M? what if I only have 19k basic, how much max can I have for housing loan? thanks.

  8. this is my second or third email….i live in japan, and i want to reactivate my membership…
    do i have to go home to philippines and apply for new membership?
    or do you have office in japan…or can you send me an application.

  9. gud day po itanong ko lang po halimbawa ako po ay nag loan sa pag ibig o sa sss ng halagang 2 million may may kolateral ho ba itong kpalit at gaano ko po ito katagal dapat bayaran hanggang ngayon po ba 1o percent pa rin po ang interest rate gusto ko po sanang mag loan para sa pag papaayos ng bahay magbibigay pa po ba ng mga detalye kung ano ang ipapaayos at kung ano ang at gagawin sa bhay

  11. Iam a ofw. I am a member of pag -I big fund, that was 2003 when I planned to get a house ,but the problem is I didn’t continue to get that’s coz I lost my job. Now that I worked again. My question is if I’m planning to get again a house. Should I used my pag I big ID number and reactivate my account or am I allowed to used it to get a loan house?

  12. MEMBER PO AKO NG PAG IBIG ALMOST 9YEARS AT MAY SALARY LOAN AKO, KSO NAWALAN PO AKO NG TRABAHO HINDI KO N SIYA NABAYARAN, GUSTO KO ULING MAGING MEMBER , PAANO PO B , WLA NA RIN PO B YUNG MGA CONTRIBUTION KO DATI

  13. nagbabayad po ng 4ooopesos a month for the past year .automatic ba na maging pagibig 2 ang balance sa supposedly 1560 a month for pagibig 1.?o kailangan ko pang mag apply for pagibig 2 member.

  14. how can i access my accnt? been paying for more than 10yrs.i can only access my pop accnt but not the pag-ibig 1.