🏠 Property Cluster · 2026 Pag-IBIG Rates
Pag-IBIG & Mortgage Affordability Calculator
How much home loan can you afford? Compute your max loanable amount, monthly amortization, and minimum income needed — updated 2026 HDMF rates.
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Monthly Amortization
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Max Loanable Amount
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Total Interest Paid
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Calculator uses standard amortization formula. Results are estimates only — actual loan approval depends on Pag-IBIG or bank credit assessment, property appraisal, and other eligibility factors. Consult HDMF or your bank for official quotes.
Pag-IBIG vs. Bank Mortgage in the Philippines
For most Filipino homebuyers, the choice is between a Pag-IBIG (HDMF) housing loan and a bank mortgage. Both can finance the purchase or construction of a house — but they differ significantly in rates, maximum amounts, processing speed, and eligibility.
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Pag-IBIG / HDMF Housing Loan
Government-backed. Maximum ₱6,000,000. Rates from 6.375% (1-year) to 10% (30-year). Requires 24 monthly contributions. Available to OFWs. Rate re-priced at end of fixing period. Lower initial rates but rising rates at re-pricing. Best for: first-time buyers and OFWs, properties under ₱6M.
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Bank Mortgage / Housing Loan
No fixed ceiling (income-dependent). Rates typically 7–12% depending on bank, fixing period, and borrower profile. Faster approval for high earners. No Pag-IBIG membership required. Better for: high-value properties, self-employed with verifiable income, fast processing needs.
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Combination (Pag-IBIG + Bank Top-Up)
For properties above ₱6M: use Pag-IBIG for the first ₱6M (lower rate), then a bank loan for the excess. This is the most cost-efficient structure for mid-range property purchases in Metro Manila.
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OFW Housing Loan
OFW Pag-IBIG members can apply remotely via SPA. Income documents needed: POEA-certified employment contract, latest payslips or proof of remittances. Loan amount based on equivalent monthly income. Some banks also offer OFW housing loans with longer approval turnaround.
2026 Pag-IBIG Housing Loan Interest Rates
| Fixing Period | Annual Rate | Monthly Amortization per ₱1M | Best For |
|---|---|---|---|
| 1-Year Fixing | 6.375% | ₱6,743 / mo (20-yr term) | Planning to sell or refinance soon |
| 3-Year Fixing | 7.270% | ₱7,836 / mo (20-yr term) | Short-term stability with room to re-price |
| 5-Year Fixing | 8.125% | ₱8,488 / mo (20-yr term) | Medium-term stability |
| 10-Year Fixing | 9.125% | ₱9,069 / mo (20-yr term) | Most popular — 10 years of predictable payments |
| 25–30 Year Fixing | 10.000% | ₱9,650 / mo (20-yr term) | Maximum payment certainty |
Rates published by HDMF. Subject to change at re-pricing date. Use calculator above for your specific loan amount and term.
How Much House Can I Afford in the Philippines?
Pag-IBIG's rule: your monthly amortization should not exceed 35% of your gross monthly income. Banks typically apply a 30–40% ratio on net income. The table below gives quick reference estimates.
| Monthly Gross Income | Max Monthly Amortization (35%) | Approx. Max Loan (10-yr fix, 20-yr term) | Approx. Property Budget (90% LTV) |
|---|---|---|---|
| ₱25,000 | ₱8,750 | ₱965,000 | ₱1.07M |
| ₱35,000 | ₱12,250 | ₱1.35M | ₱1.5M |
| ₱50,000 | ₱17,500 | ₱1.93M | ₱2.14M |
| ₱70,000 | ₱24,500 | ₱2.7M | ₱3.0M |
| ₱100,000 | ₱35,000 | ₱3.86M | ₱4.28M |
| ₱150,000 | ₱52,500 | ₱5.79M | ₱6.43M |
| ₱200,000 | ₱70,000 | ₱6M (Pag-IBIG max) | ₱6.67M+ |
Based on 9.125% (10-year fixing), 20-year term, 90% LTV. Property budget = Loan ÷ 0.9.
Frequently Asked Questions
How much Pag-IBIG housing loan can I get?
The 2026 maximum Pag-IBIG loan is ₱6,000,000. Your actual loan is the lowest of: (a) ₱6M, (b) 90% of appraised property value, or (c) the amount where monthly amortization ≤ 35% of gross monthly income. Use the calculator above to compute your limit based on income.
What is the Pag-IBIG interest rate for 2026?
Pag-IBIG 2026 rates: 6.375% (1-year fixing), 7.270% (3-year), 8.125% (5-year), 9.125% (10-year), 10.000% (25–30 year). These are the initial rates — they re-price at the end of each fixing period based on prevailing market rates. The 10-year fixing at 9.125% is the most popular for payment stability.
What is the 35% gross income rule for Pag-IBIG?
Pag-IBIG requires that your monthly amortization does not exceed 35% of your gross monthly income. Example: ₱60,000/month gross → max amortization of ₱21,000/month. If you have existing loans (car loan, personal loan), those monthly payments are added to your proposed amortization before applying the 35% test.
How do I qualify for a Pag-IBIG housing loan?
Requirements: (1) Active Pag-IBIG member, at least 24 monthly contributions; (2) Not more than 65 years old at loan maturity (loan term + current age ≤ 70); (3) No existing Pag-IBIG housing loan default; (4) Legally capable to contract; (5) Property for residential use in the Philippines. OFW members may apply through an authorized representative with SPA.
Can I use Pag-IBIG to build a new house on my own lot?
Yes — Pag-IBIG covers house construction on a lot you already own. Loan purpose: "Construction of a new residential unit on a lot owned by the member." You'll need to submit approved building plans, a Bill of Quantities (BOQ), and a construction contract. The loan is released in tranches tied to construction milestones.
What documents do I need for a Pag-IBIG housing loan application?
Core documents: accomplished HDMF HQP-HLF-068 form, valid ID, proof of income (payslips, ITR, employer certificate), property documents (TCT, tax declaration, lot plan, vicinity map), and seller's documents. For construction loans: add building permit, approved plans, BOQ, and construction contract. Requirements vary by transaction type — confirm at your nearest Pag-IBIG branch.
How does Pag-IBIG compare to a bank mortgage in the Philippines?
Pag-IBIG offers lower initial rates and government backing, with a max of ₱6M. Banks offer higher loan amounts (no ceiling, based on income), sometimes faster processing, and more flexible income documentation. For properties under ₱6M, Pag-IBIG is usually cheaper. For ₱6M+, use Pag-IBIG for the first ₱6M and a bank loan for the excess.
Can OFWs apply for a Pag-IBIG housing loan?
Yes. OFW Pag-IBIG members can apply through a representative in the Philippines via a notarized Special Power of Attorney (SPA). Required income documents: latest employment contract, proof of remittances, payslips (or equivalent). POEA documentation may also be required. OFW voluntary Pag-IBIG contributions count toward the 24-month requirement.