PagIBIG Housing Loan Calculator
Table of contents
What is PagIBIG Fund?How to use this PagIBIG housing loan calculatorHow to calculate how much you can loan based on the property valueHow to calculate how much you can borrow based on your incomeOther formulas used in this housing loan amortization calculatorFAQsThis PagIBIG housing loan calculator is a supplementary tool you can use in conjunction with the official
. This tool also works as a housing loan amortization calculator and a housing loan interest calculator.In this tool, you will learn about the following:
 What is the PagIBIG Fund?
 How to use this PagIBIG housing loan calculator.
 How to calculate how much you can loan based on the property value.
 How to calculate how much you can borrow based on your income.
 The other formulas used in this calculator.
Use this housing loan calculator to help you plan ahead for your visit to a PagIBIG branch, a property developer, or a real estate agent. Keep on reading to start learning.
💡 For more indepth calculations on home loans, you can check out our home loan calculator. There, you will learn what debt to income ratio (DTI) is and find charts that can help you assess your housing loan.
What is PagIBIG Fund?
The PagIBIG Fund, another name of the Home Development Mutual Fund or HDMF, is a governmentowned and controlled corporation that Filipinos can go to to help them manage their savings and find affordable financing options when acquiring housing loans.
PagIBIG is an acronym for "Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno," which directly translates to "Working together in the Future: You, Banks, Industry, and Government." "Pagibig" is also a Filipino word for "love". ❤️
You can check out the
to learn more about them.🙋 To know how much your monthly contributions to the PagIBIG Fund should be, our income tax in the Philippines calculator can help you with that.
How to use this PagIBIG housing loan calculator
This PagIBIG housing loan calculator has three different functions.
The first is to determine how much you can borrow based on the value of the property you want to purchase. For that, simply enter the estimated value of the property you're eyeing up. Our tool will instantly display the maximum loanable amount you can borrow from PagIBIG.
You can then (for the second function) calculate how much your monthly amortization would be if you want to push through with that amount. Follow these steps for that:

Enter the loan amount you wish to borrow. Remember: Your loan amount cannot exceed your calculated loanable amount.

Select your repayment period. Your repayment period can be as quick as one year or as long as 30 years.

Choose your desired fixed pricing period. The fixed pricing period is a duration wherein we can get a fixed interest rate regardless of the economic status or performance of the market.
Suppose you pick
5 years
of a fixed pricing period. Your repayment interest rate will be6.500%
during those 5 years of repayment. In the 6th year and beyond, PagIBIG will provide you with a new interest rate that could be higher or lower than 6.500%.You can choose the 30year fixed pricing period if you choose a repayment period of 30 years and if you think that somewhere down the road, the interest rate would go up higher than 9.750%.
After doing these steps, our calculator will display how much your monthly amortization should be during your selected repayment period. That makes this tool a housing loan amortization calculator and a housing loan interest calculator (because you'll also see the calculated loan interest – but only after choosing "Yes" for the Show other calculated variables? question at the lowest part our tool).
Consequently, our housing loan calculator will also show you how much your gross annual and monthly income should be to qualify for this loan amount. What's even more interesting is that you can use our housing loan calculator the other way around as a loanable amount based on your gross income calculator.
For that, make sure the loan amount variable is empty. Then, enter your gross monthly income (or your gross annual income).
If you want to learn how to perform these PagIBIG housing loan computations manually, then keep on reading.
🔎 Note that you can only borrow a maximum of ₱6,000,000.00 from PagIBIG. Our tool will prompt you if it detects an entered or calculated loanable amount or a loan amount above that limit.
How to calculate how much you can loan based on the property value
According to PagIBIG, you can only borrow up to 95% of the property value that you want to purchase. However, that percentage lowers to 90% if the property is greater than what they call the economic housing limit. We call these percentage values the LTV ratio or the loanamounttoappraisedvalue ratio. Here is a tabulated version of that statement.
Appraised value of the property  LTV ratio 

Up to the economic housing limit  95% 
Over the economic housing limit and up to ₱6,000,000  90% 
This calculator (and the PagIBIG Fund Housing Loan Affordability calculator) uses an economic housing limit of ₱2,499,999.99
. That means if the property's estimated value is less than or equal to that, we can use an LTV ratio of 95%.
How to calculate how much you can borrow based on your income
Here is the formula we can use to calculate the amount you can borrow based on your income and chosen monthly interest rate under the fixed pricing period:
where:
 $P$ — Loanable amount;
 $M$ — Gross monthly income;
 $i$ — Monthly interest rate; and
 $n$ — Term duration in months.
This formula is a combination of the rearranged general monthly amortization formula and the gross income requirement provided by the PagIBIG. Here is the rearranged general monthly amortization formula we used that you may already be familiar with:
where:
 $A$ — Monthly amortization according to the general monthly amortization formula, but is equal to the sum of the monthly principal and monthly interest payments to PagIBIG.
According to the guidelines of PagIBIG, you can only borrow up to a monthly amortization (excluding insurance) of at most 35% of your gross monthly income. In equation form, we express that as:
By merging these two equations, we develop the formula to find the loanable amount based on your gross monthly income, as shown earlier.
We can also rearrange that formula to derive the equation to find the required gross monthly income you should have to borrow a particular loan amount at a given interest rate. Here is the derived formula for that:
You can also visit our home affordability calculator to learn more about this topic.
Other formulas used in this housing loan amortization calculator
In our housing loan calculator, we use the term monthly principal and interest for the "monthly amortization" that we denote as $A$ in our formulas. Also, we calculate $A$ using this formula:
However, that doesn't include the calculated insurance cost that we add to get the total monthly amortization in our tool. For PagIBIG housing loan computations, we determine the monthly insurance premium, $Q$, using this equation:
By selecting "Yes" under the Show other calculated values? variable of our tool, you'll also be able to see an estimated equity variable. We get that value by subtracting the loanable amount from the estimated value of the property, as shown below:
Lastly, we find the monthly interest using this equation:
We can subtract the monthly interest from the monthly principal interest to find the monthly principal payment — the only portion of the amount you pay that goes directly to the payment for the house you're purchasing.
Find out how much you can shorten your payment period and end up paying less interest if you pay extra monthly using our mortgage amortization calculator.
🙋 Please note that the information provided in this text is for educational purposes only. The calculated loanable amount and other values may differ from the actual values depending on PagIBIG's evaluation of the borrower, and additional fees may apply.
Can I borrow 500k pesos from PagIBIG?
That depends. According to PagIBIG, you can only borrow up to an amount with a monthly amortization of at most 35% of your gross monthly income.
If you wish to repay your ₱500,000 loan for a repayment period of 30 years at a 9.75% interest rate, you should be earning a gross monthly income of at least ₱12,273.63 to qualify. If for 10 years (7.125%), your monthly income should be at least ₱16,679.11.
How much housing loan can I get on 40,000 pesos monthly salary?
You can borrow up to around ₱1.63 million or ₱1,629,509.18, to be precise. That is if you wish to repay that loan amount for 30 years at a 9.75% interest rate. If you want to repay your loan for, say, 15 years (at an 7.75% interest rate), you can only borrow up to ₱1,487,343.10.
What is the loanable amount for an estimated property value of 3 million pesos?
The loanable amount for an estimated value of the property of ₱3 million is ₱2.7 million. We get that value by multiplying ₱3,000,000 by the loanamounttoappraisedvalue ratio (or LTV ratio) of 90% (or 0.9) to get ₱2,700,000. For properties less than or equal to the economic housing limit of around ₱2,499,999.99, use an LTV of 95%.
How do I calculate how much of my payment goes to the house I'm buying?
To calculate the principal amount of your housing loan in PagIBIG, say a loan amount (P
) of ₱2,000,000
for 30 years (or n = 360 months
) at a 9.75% interest rate (or i = 0.0975
),

Determine your monthly amortization (
A
) without the insurance premium using this equation:A = [P × i/12 × (1 + i/12)^n]/[(1 + i/12)^n  1]
= [₱2,000,000 × 0.0975/12 × (1 + 0.0975/12)^360]/[(1 + 0.0975/12)^360  1]
= ₱17,183.09

Then, compute the
monthly interest
using this formula:monthly interest = P × i/12
= ₱2,000,000 × 0.0975/12
= ₱16,250.00

Finally, subtract the monthly interest from
A
to get your monthly principal amount:monthly principal amount = A  monthly interest
= ₱17,183.09  ₱16,250.00
= ₱933.09