Pag-ibig member is searching for
the most up-to-date circular on the amendment of the Pag-IBIG Fund End User
Home Financing Program Guidelines as a primary guide on Pag-IBIG housing
mortgage loan. This circular number 302 (January 31, 2012) is often a primary
subject within the housing loan forums and public queries especially to all
Pag-IBIG members who tend to avail housing mortgage loan.
It is
advisable to discover out the up-to-date requirements to get and avail a
property loan in order that the length of processing of the documents and time
will be effective and lead to acquire the loan smoothly.
What are
the requirements to get a property loan?
• Potential member is projected to have at least 24
monthly contributions and a member of the Pag-IBIG I Plan throughout the point
in time of housing loan application.
• Overseas Filipino members are permitted to avail this housing
program as long as their length of contributions ought to fulfill meet paying
on the twenty four month contributions scheme.
•
Pag-IBIG housing loan applicant is
obliged to pay normal contributions in compliance of the application to use the
upgraded rate. In contrast, if the settled mortgage is less than the loan
amount applied for, Pag-IBIG member will habitually maintain paying monthly fee
which is in line to the bracket of the approved housing loan.
• Members who inquire on the residence
requirement will probably be talked about throughout procedure for your housing
loan.
• Applicants should stick to the up-to-date
contribution rates for the computation of lump sum contribution payment. You can also check Pag-IBIG Housing Loan Contribution Rates for your reference.
The
protocol of this loan is being implemented to those who avail the onetime
payment of membership contribution. It is highly recognized for new members who
are planning to avail a loan as long as this will correspond to the desired
loan amount in connection of the requisite twenty-four months membership
requirement. This procedure will consider a single contribution for the
application month as of the payment date. Officer-in-charge of loan department
will certainly aid you to talk about this condition once you avail this method.
Housing
Loan applicants should follow the given requirements to avail this benefit. Those who are really serious to obtain
a property loan but his contribution doesn’t meet around the bracket
requirement of twenty-four months payment of contribution could choose to pay
the remaining months through lump sum payment.