How Many Years To Pay Pag Ibig Housing Loan?

Are you considering taking out a loan for your dream house in the Philippines? One of the most popular types of housing loans is through Pag-IBIG. But how long does it take to pay off a Pag-IBIG housing loan? Let’s look at the details and find out!

how many years to pay pag ibig housing loan

The repayment period for a Pag-IBIG Housing Loan can range from 12 to 360 months (1 to 30 years), depending on the loan amount and the borrower’s capacity to pay. The actual repayment period is determined during the loan application process and is based on the Pag-IBIG Fund’s evaluation of the borrower’s ability to pay.

Pag-IBIG offers two types of housing loans: the Regular Housing Loan, and the Multi-Purpose Loan. Both are available for up to 30 years, with an interest rate of 6%. The amount you can borrow depends on your total net income, so it’s best to check with them directly for more information.

The term length of the loan will depend on several factors, such as how much you are able to pay each month, and what type of loan you choose. For a Regular Housing Loan, you can opt for a shorter repayment period if you prefer (up to 20 years).

However, if you choose a longer repayment period of 30 years, then this may be beneficial as your monthly payments will be lower due to the extended time period. Additionally, if you have no other debts or commitments that would prevent you from making regular payments on time throughout the entire term length then this might be the better option for you.

If you decide to get a Multi-Purpose Loan then this will usually take around 5 years to repay in full. This is because these loans are intended for smaller amounts and shorter terms than regular housing loans usually only up to 10 million pesos. These loans also come with lower interest rates than regular housing loans usually 3% per annum so this can help make them more affordable over time.



No matter what type of loan you decide on from Pag-IBIG, it’s important that you understand all aspects before signing any paperwork or committing yourself financially. Whether it’s a Regular Housing Loan or Multi-Purpose loan, taking out a loan should always be done with thoughtfulness and caution.

Make sure to research all your options thoroughly before signing anything so that when it comes time to start paying off your Pag-IBIG loan, there won’t be any surprises along the way!


Leave a Reply

Your email address will not be published. Required fields are marked *