Pag-IBIG Housing Loan Calculator 2026
Compute your monthly Pag-IBIG housing loan amortization with 2026 interest rates. Includes income eligibility check, total interest paid, and yearly breakdown.
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Your monthly amortization
How Pag-IBIG housing loans are computed in 2026
Pag-IBIG housing loans use the standard fixed-rate amortization formula. You pay the same monthly amount throughout the loan term, with each payment split between interest and principal (interest portion is highest at the start, principal portion grows over time).
For 2026, Pag-IBIG offers loans up to ₱6,000,000 for housing purposes, with terms from 5 to 30 years. Interest rates depend on your chosen “repricing period” — shorter fixing periods get lower initial rates.
The amortization formula
Where:
M = Monthly amortization
P = Principal (loan amount)
r = Monthly interest rate (annual rate ÷ 12)
n = Total number of payments (years × 12)
2026 Pag-IBIG housing loan rates (indicative)
| Repricing Period | Indicative Rate | Best For |
|---|---|---|
| 1-year fixing | 5.750% | Plan to pay off or refinance soon |
| 3-year fixing | 6.250% | Short-term homeowners |
| 5-year fixing | 6.875% | Most common short-term option |
| 10-year fixing | 7.875% | Balance of rate stability and payment |
| 15-year fixing | 8.375% | Medium-term commitment |
| 20-year fixing | 8.875% | Long-term predictability |
| 25-year fixing | 9.125% | Older borrowers |
| 30-year fixing | 9.375% | Maximum predictability, lowest monthly |
Rates are indicative and may change. Always check the official Pag-IBIG site for the current rates at the time of application.
Income capacity requirement (the “35% rule”)
Pag-IBIG requires that your monthly housing loan amortization not exceed 35% of your Gross Monthly Income (GMI). This includes both spouses’ incomes for married applicants.
Example: ₱16,628 monthly amortization ÷ 0.35 = ₱47,509 minimum income
If your income is below the required minimum, you can: combine income with a spouse, take a smaller loan, extend the loan term (reduces monthly), or add a co-borrower (parent, sibling, or child).
Eligibility requirements
- Active Pag-IBIG member with at least 24 monthly contributions (or 1 year of continuous contributions)
- Not more than 65 years old at loan application
- Not more than 70 years old at loan maturity (so a 60-year-old can only take up to a 10-year term)
- Legal capacity to acquire and encumber real property
- No outstanding Pag-IBIG housing loan (either as principal or co-borrower) that’s in arrears
- No previous Pag-IBIG housing loan foreclosed, cancelled, or surrendered
Sample computations
Example 1: ₱1,500,000 loan, 20 years, 8.875%
- Monthly amortization: ~₱13,367
- Total interest paid: ~₱1,708,000
- Required min. income: ~₱38,191
Example 2: ₱3,000,000 loan, 30 years, 9.375%
- Monthly amortization: ~₱24,942
- Total interest paid: ~₱5,979,000
- Required min. income: ~₱71,263
Example 3: ₱5,000,000 loan, 25 years, 9.125%
- Monthly amortization: ~₱42,463
- Total interest paid: ~₱7,739,000
- Required min. income: ~₱121,323
Frequently asked questions
The maximum loanable amount is ₱6,000,000 for housing. However, your actual approved amount depends on three factors: (1) your loan capacity based on income (35% of GMI rule), (2) the property value (Pag-IBIG lends up to 80-90% of appraised value), and (3) your contribution-based capacity. Whichever is lowest sets your limit.
The 1-year fixing rate (5.75%) gives the lowest monthly payment initially but resets every year to current market rates. For long-term predictability, the 30-year fixing at 9.375% locks your rate for the full term. Most Filipinos choose 20-30 year terms with 5-year repricing for a balance of low payment and rate flexibility.
Yes. Pag-IBIG allows partial prepayments at any time without penalty. Extra payments go directly to the principal, reducing your total interest and shortening the loan term. You can also pay the full balance early. This is a major advantage over many bank housing loans that charge prepayment penalties.
You can buy residential lots, house-and-lot packages, condominium units, townhouses, or use the loan to construct on a lot you own. Loans can also be used for home improvement, refinancing existing housing loans (from banks), and lot purchase only (with future construction planned).
Typically 5-15 working days after submitting complete documents, though it can take 30+ days during peak periods. The fastest path is to use the Virtual Pag-IBIG portal for application and document submission. Approval is faster if the property is already in Pag-IBIG’s accredited developer list.
Standard requirements: Pag-IBIG MID number, two valid IDs, latest ITR (BIR Form 2316 for employees, 1701 for self-employed), Certificate of Employment with compensation, payslips (last 3 months), and property documents (TCT/CCT, contract to sell, deed of sale, tax declarations). Self-employed members need additional business documents.
Yes, expect these one-time costs: Mortgage Redemption Insurance (MRI) ~0.225% of loan annually, Fire Insurance ~0.235% annually, Processing Fee ₱2,000, Documentary Stamp Tax, Registration Fees, and Notarial Fees. Budget about 4-7% of the loan amount for total closing costs.
Yes. Self-employed members are eligible as long as you meet the 24-contribution requirement. You’ll need to show 2-3 years of audited financial statements, ITR, business registration (DTI/SEC), and proof of business income. Approval can take longer for self-employed applicants due to additional document review.