|
MONTHLY AMORTIZATION FACTOR
(under HDMF Circular 230)
(on or before due date)
per P 1,000 LOAN
| Loanable Amount |
| 6% |
P300,000 and below |
| 7% |
P300,000 - P750,000 |
| 10.5% |
P750,000 - P2,000,000 |
|
REPRICING
- For loans up to Three Hundred Thousand Pesos (P300,000), Pag-IBIG Fund may reprice the interest rate every three years provided that it shall not exceed the original rate.
- For loans over Three Hundred Thousand Pesos (P300,000.00) up to Two Million Pesos (P2,000,000.00), Pag-IBIG Fund shall reprice the interest rate of the loans every three years at rates based on prevailing market rates at point of repricing, which shall not be lower than the original rates provided under section 5.1 and shall not exceed the following:
| Repricing |
| Interest Rate |
Loan amount |
| 9% |
P300,000 -P750,000 |
| 12.5% |
P750,000-P2M |
|
Penalty: 1/20% of 1% of amount due for everyday of delay
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