REAL ESATE LAWS AND REFERENCES 5.7

Would you like to know how much you can loan with Pag-ibig?

If you know your monthly income that can be supported by pay slip or certificate of employment with compensation, multiply the net montly salary or net income by 40% and that will be maximum monthly amortization derived from the maximum loan you are allowed to avail.

For example, your monthly salary or income is P25,000.00   The 40% of your monthly salary/income is P10,000  this should be your maximum allowable monthly amortization.  Basing on the monthly amortization table below, you can avail of P900,000 loan for a period of 20 years.

Tip: If your monthly income is not enough for your desired number of years to pay, it’s either you increase the number of years to pay or lessen the amount of your loan. And when you lessen the amount of your loan, it’s either you choose a property at lesser price or increase your equity which means more initial cash out.