Pag-ibig personal loan for ofw

 

pag-ibig personal loan for ofw

Financial mishaps that would warrant loans are things that can be unavoi dable considering the Philippine economic situation. Instead of going to your relatives and friends to ask for money, there are different options that you can consider. In fact, you don’t have to go to your nearest loan shark to get the funds you need!

One of the best options is the PAG-IBIG Fund. We’ve had a great number of inquiries, asking us how to get a PAG IBIG loan? Here, we will be discussing the different types of PAG IBIG loan options, plus the PAG IBIG loan requirements (new loans, renewal and more).

Before anything else, what is PAG-IBIG fund? PAG – IBIG Fund has made headlines lately, with the Home Development Mutual Fund fraud case that reached P6.6 billion. Despite the controversy with Globe Asiatique and PAG-IBIG Fund, PAG-IBIG Fund remains to be one of the most popular sources of loans in the Philippines, whether for short term or for housing loans.

Pag-ibig personal loan for ofw

You’re interested to own a property and you’ve already researched on how you can apply for a Pag-IBIG housing loan .

Those earning minimum wage or with gross monthly income not exceeding P17,500 may enroll under Pag-IBIG’s Affordable Housing Program. Borrowers may avail of a loan up to P750,000. The interest rate is either 4.5% or 6.5% in the first ten years of the loan, depending on the gross monthly income of the borrower.

For example, a borrower who wishes to pay only P2,000 monthly amortization, can borrow up to P394,722.32 under this program. This is the case for a loan approved with a 4.5% annual interest rate and 30-year repayment period.

Financial mishaps that would warrant loans are things that can be unavoi dable considering the Philippine economic situation. Instead of going to your relatives and friends to ask for money, there are different options that you can consider. In fact, you don’t have to go to your nearest loan shark to get the funds you need!

One of the best options is the PAG-IBIG Fund. We’ve had a great number of inquiries, asking us how to get a PAG IBIG loan? Here, we will be discussing the different types of PAG IBIG loan options, plus the PAG IBIG loan requirements (new loans, renewal and more).

Before anything else, what is PAG-IBIG fund? PAG – IBIG Fund has made headlines lately, with the Home Development Mutual Fund fraud case that reached P6.6 billion. Despite the controversy with Globe Asiatique and PAG-IBIG Fund, PAG-IBIG Fund remains to be one of the most popular sources of loans in the Philippines, whether for short term or for housing loans.