Pag-IBIG Fund is an institution that aims to help Filipino citizens by catering them with different types of loans such as a simple salary loan and multi-purpose loans. Their housing loans somehow have a different way of being computed. In this article, we will be teaching you how you can compute the Pag-IBIG Housing Loan monthly amortization and the table of the percentages.
Every year, the Pag-IBIG renews its table, making it member-friendly if I must say. This year, Pag-IBIG released the newest computations and monthly amortization table for those people or members looking to get a housing loan from Pag-IBIG. Since then, they are existent to assist Filipino workers in achieving their dreams by buying a house, renovating one, and funding their needs.
A Pag-IBIG Housing Loan amortization refers to the regular monthly payments a borrower makes to repay their housing loan from Pag-IBIG. Each monthly payment typically covers two components:
Principal – The portion of the payment that goes towards reducing the original loan amount.
Interest – The portion that goes towards paying the interest on the loan, calculated based on the outstanding principal.
How it Works:
Amortization Schedule: When you take a Pag-IBIG housing loan, an amortization schedule is created, detailing each monthly payment over the life of the loan. In the early stages of repayment, a larger portion of the monthly payment goes toward interest, with less going toward the principal. As time passes, more of your payment goes toward reducing the principal.
Fixed Monthly Payments: Your monthly amortization (payment) stays the same for the entire term unless you choose a repricing period. This means that the interest rate will only change at certain intervals (e.g., every 3 or 5 years), depending on the repricing option you selected.
5 thoughts on “Pag-IBIG Housing Loan Monthly Amortization Table 2024”
Sir may possibility ba na kapag nag housing loan ka supposedly payable ng 20 yrs, at yan ang naging batayan ng monthly computation sa pagbabayad. At nung dumating sa five years na nahulog mo at nagdesisyon kang bayaran nalang ng buo. May mangyayari bang recomputation sa kabuhuan mong nahulog at ibatay sa pang five yrs lang na percent. May mababawi ba akong sobra sa inihulog ko. Salamat
kapag po ba nasa bank ang title (rent
to own), at gusto ko pong mag pa-renovate ng bahay…kailang po ba yung title as a collateral para sa pag ibig loan?
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Sir may possibility ba na kapag nag housing loan ka supposedly payable ng 20 yrs, at yan ang naging batayan ng monthly computation sa pagbabayad. At nung dumating sa five years na nahulog mo at nagdesisyon kang bayaran nalang ng buo. May mangyayari bang recomputation sa kabuhuan mong nahulog at ibatay sa pang five yrs lang na percent. May mababawi ba akong sobra sa inihulog ko. Salamat
sir pede ba ako magloan ng cash sa pag ibig kung sakaling may bibilhin ako na lupa at bahay
kapag po ba nasa bank ang title (rent
to own), at gusto ko pong mag pa-renovate ng bahay…kailang po ba yung title as a collateral para sa pag ibig loan?
Ano poba requirment maka avail ng housing loan
Loanable amount is 80% if the total price is above 1,250,000, no exemption poh b yun, kailangan byaran muna ung 20% bago makapagprocess ng loan?