Pag-ibig help their members to have their own house by allowing them to apply for Pag-ibig Housing Loan. Pag-ibig interest rate is much lower and cheaper than other housing loan and financial loan offered usually by banks. It is important to prepare all documentary requirements as well as technical requirement in order to avail Pag-ibig housing loan.
Aside from the documentary requirements needed to apply for Pag-ibig Housing Loan the following Technical Requirements are need to prepared:
- Certified true copy of TCT/CCT by the Registry of Deeds (latest title)
- Location Plan and Vicinity Map
- Photocopy of Tax Declaration and Real Estate Tax Receipt
There are also additional requirements depending on the loan purpose
For Purchase of Residential Unit; Purchase of Lot and Construction of House, Purchase of Lot
- Contract to Sell or similar agreement between the buyer and the seller
For Refinancing
- Statement of Account on outstanding loan balance, indicating loan purpose
- Any of the following documents: Official receipt for the past 12 months, subsidiary ledger, any valid proof of payment for the past 12 months
For Purchase of Lot and Construction of House, Construction of House, Home Improvement
- Building Plans, Specification and Bill of Materials duly signed by the Licensed Civil Engineer or Architect.
Source: Pag-ibig website