Loan Calculator
Current Bank Rates Comparison
| Bank | 1 Year | 5 Years | 10 Years | 20 Years |
|---|---|---|---|---|
| BDO Unibank | 6.75% | 7.25% | 7.75% | 8.25% |
| BPI (Bank of the Philippine Islands)Selected | 6.5% | 7% | 7.5% | 8% |
| Metrobank | 6.88% | 7.38% | 7.88% | 8.38% |
| Security Bank | 6.63% | 7.13% | 7.63% | 8.13% |
| RCBC | 7% | 7.5% | 8% | 8.5% |
| Pag-IBIG Fund | 5.75% | 6.25% | 6.75% | 7% |
* Rates are indicative. Contact banks directly for official rates and terms.
Pag-IBIG Housing Loan
The Home Development Mutual Fund offers the most affordable housing loan rates in the Philippines.
₱6.5M
Maximum Loan
30 Yrs
Max Repayment
24 Mos
Min. Contributions
- ✓ Lowest interest rates starting at 5.75% p.a.
- ✓ Available to all Pag-IBIG members with at least 24 monthly contributions
- ✓ OFWs and locally employed can both apply
- ✓ Loan can be used for purchase, construction, or home improvement
Monthly Payment
₱ 33,458
at 8% per annum
Loan Summary
💡 Mortgage Tips
- • A larger down payment reduces your interest cost significantly.
- • Pag-IBIG offers the lowest rates for eligible members.
- • Pre-qualify at your bank before making an offer.
- • Budget for additional costs: taxes, registration, move-in fees.
Mortgage Frequently Asked Questions
How much can I borrow?▾
Most banks lend up to 80–90% of the property's appraised value. Pag-IBIG lends up to ₱6.5M. Your income will also determine the maximum loan you can handle.
What documents are needed?▾
Typically: valid government ID, Certificate of Employment, latest 3 months payslips, ITR, and the contract to sell or reservation agreement.
How long does approval take?▾
Bank approval usually takes 5–15 business days. Pag-IBIG can take 30–60 days. Having complete documents speeds up the process.
Can I pay off early?▾
Yes. Most lenders allow early or extra payments. Some charge a pre-payment penalty during the fixed-rate period — check your loan terms.
What is an amortization schedule?▾
A breakdown of each monthly payment showing the split between principal repayment and interest. Early payments are mostly interest; later payments are mostly principal.
Is my income sufficient?▾
A general rule: your monthly amortization should not exceed 30–35% of your gross monthly income.