The Pag-IBIG Home Equity Appreciation Loan (HEAL) is a low-interest loan available to our good paying housing loan borrowers and installment buyers.
With the Pag-IBIG HEAL, they can borrow an amount based on the net value of their mortgaged property with Pag-IBIG Fund to help them fund their life goals – such as to renovate their homes, buy a car or purchase furniture and appliances.
With its low-interest rates and borrower-friendly terms, it serves as their reward for paying their Pag-IBIG Fund Housing Loan on-time.
The Pag-IBIG HEAL is available to Pag-IBIG Housing Loan borrowers or installment buyers with an existing housing loan that has been approved or taken out for at least five (5) years and paid regularly and on time within the last twelve (12) months prior to the date of application.
The applicant must also be an active member, must not be more than sixty-five (65) years old at the date of application and not more than seventy (70) years old at loan maturity, has passed our satisfactory background/credit and employment/business checks, and has no outstanding Pag-IBIG Short-Term Loan (STL) in arrears at the time of application.
You can borrow the net value of our mortgaged property with Pag-IBIG, subject to the following four (4) considerations:
- Your desired loan amount
- Your capacity to pay
- The latest Loan-To-Value Ratio, computed based on:
60% of latest appraised value of your mortgaged property with Pag-IBIG Fund less Total outstanding balance of your existing Pag-IBIG Housing Loan/s - Your maximum aggregate loan value, computed based on:
P6 million(six million pesos) less Total outstanding balance/s of your existing Pag-IBIG Housing Loan/s
The lowest of the above amounts shall be the amount one can borrow via the Pag-IBIG HEAL.
Fund your life goals with Pag-IBIG HEAL! You can use the amount you can borrow for:
| • Home Improvement |
| • Livelihood/additional capital for business |
| • Education expenses |
| • Health and wellness expenses |
| • Purchase of appliance and furniture/electronic gadgets |
| • Payment of utilities/credit card bills |
| • Travel and leisure |
| • Other life goals |
The interest rate of the Pag-IBIG HEAL will be based on the repricing period that you will choose.
The Pag-IBIG HEAL has the longest repayment term in the market of up to thirty (30) years, provided that the borrower does not exceed the age of seventy (70) at the end of the loan term.
This makes the Pag-IBIG HEAL even more affordable because the longer the repayment period, the lower the monthly payments.
Yes, the Pag-IBIG HEAL is covered by a Mortgage Redemption Insurance (MRI) or a Sales Redemption Insurance (SRI), whichever is applicable. Principal borrowers shall also be covered by an additional Non-Life Insurance (NLI) on the property
This is to protect you and your beneficiaries from any unwanted uncertainties.
Apply for a Pag-IBIG HEAL online, via Virtual Pag-IBIG (Home Equity Appreciation Loan Application | Virtual Pag-IBIG (pagibigfundservices.com)) for a hassle-free application.
Simply upload your duly accomplished Pag-IBIG HEAL application form and its requirements via Virtual Pag-IBIG to apply.
For your convenience, you may pay your Pag-IBIG HEAL online via Virtual Pag-IBIG or our accredited collecting partners’ outlets or their online payment facilities. And, to make your payment schedule even more convenient, the due date of your Pag-IBIG HEAL account will coincide with the due date of your existing housing loan.