Introduction
This Pag-IBIG Loan Calculator shows you what your loan will really cost. Pick a Housing Loan or a Multi-Purpose Loan (MPL) and type in your loan amount.
You will see your monthly payment (also called amortization), the total interest you pay, and the full amount you pay back. For housing loans, you also get your loan-to-value (LTV) ratio and a rate based on the fixing period you choose. For MPL, the rate is fixed at 10.5% per year, and your limit is 80% of your Total Accumulated Value (TAV).
Add your monthly income and the tool checks the 35% rule. Pag-IBIG wants your monthly payment to stay at or under 35% of your gross monthly income. The calculator tells you if your loan passes, and how much you can borrow if it does not.
You also get a step-by-step solution, a chart of principal versus interest, a side-by-side look at each loan term, and a full month-by-month payment schedule. Use it to compare terms and plan before you apply.
How to Use Our Pag-IBIG Loan Calculator
Fill in a few loan details below and the calculator shows your monthly amortization, total interest, total amount payable, loan-to-value ratio, an affordability check, a step-by-step solution, and a full amortization schedule.
Pag-IBIG Loan Type: Pick Housing Loan or Multi-Purpose Loan (MPL). Housing uses the HDMF rate table and terms of 5 to 30 years. MPL is fixed at 10.5% per year for 24 or 36 months.
Appraised Property Value (₱): Type the value of the house or lot. This is used to work out your loan-to-value (LTV) ratio. It only shows for housing loans.
Loan Amount Requested (₱): Type how much you want to borrow. The cap is ₱6,000,000 for housing loans, or 80% of your TAV for an MPL.
Loan Term: Choose how long you will pay. A longer term means a smaller monthly payment but more total interest.
Fixing / Repricing Period: Choose how long your rate stays fixed before it reprices. A shorter period gives a lower starting rate. It cannot be longer than your loan term.
Annual Interest Rate (%): You do not type this. It fills in on its own from your loan type and fixing period.
Gross Monthly Income (₱): Type your monthly income before deductions. This runs the 35% affordability check and shows the biggest loan you can afford.
Down Payment: Type your equity or cash out. Choose ₱ Amount or % of Loan. This is taken off your loan first, so payments are based on the smaller amount.
Total Accumulated Value (TAV) (₱): For MPL only. Type your total Pag-IBIG savings. Your loan cap is 80% of this amount, up to ₱6,000,000.
Calculate: Click it to see your results. Click Reset / Clear All to start over, and Show Full Schedule to see every monthly payment.
What Is a Pag-IBIG Loan?
Pag-IBIG Fund (HDMF) is a government savings program in the Philippines. Members pay a small amount each month. After saving for a while, they can borrow money from the fund. The two most common loans are the Pag-IBIG Housing Loan and the Multi-Purpose Loan (MPL).
Pag-IBIG Housing Loan
This loan helps you buy a house and lot, a condo, or a lot. It can also pay for building or fixing a home, or for paying off a home loan from a bank. You can borrow up to ₱6,000,000 and pay it back over 5 to 30 years.
The interest rate depends on your fixing period (also called the repricing period). A fixing period is how long your rate stays the same. A 1-year fixing period has the lowest rate, but the rate can change after one year. A 30-year fixing period has a higher rate, but the payment never changes. Your fixing period cannot be longer than your loan term.
Multi-Purpose Loan (MPL)
The MPL is a short-term cash loan. People use it for school fees, hospital bills, home repairs, or small business needs. The rate is fixed at 10.5% per year, and you pay it back in 24 or 36 months. How much you can borrow depends on your Total Accumulated Value (TAV). Your TAV is all your savings in the fund plus the fund's share and earnings. You can borrow up to 80% of your TAV.
The 35% Income Rule
Pag-IBIG wants your monthly payment to stay at or below 35% of your gross monthly income. Gross income means your pay before taxes and deductions. If your payment is higher than 35%, your loan may be cut down or turned down. To fix this, you can borrow less, pick a longer term, or add a bigger down payment.
Loan-to-Value (LTV)
LTV compares your loan to the value of the property. If a home is worth ₱2,500,000 and you borrow ₱2,000,000, your LTV is 80%. Pag-IBIG sets LTV limits based on the loan size. Smaller loans can reach 90% to 100%, while larger loans are usually capped near 80%. The rest is your equity, or down payment, which you pay in cash.
How Monthly Payments Work
Your monthly payment is called an amortization. It stays the same each month during the fixing period. Part of it pays interest, and part pays down the loan. In the early years, most of the money goes to interest. Later on, more of it goes to the principal. That is why a longer term gives you a smaller monthly payment but a much bigger total interest cost.
Things to Remember
- Rates change from time to time. Check the latest rates at pagibigfund.gov.ph.
- You must have at least 24 monthly contributions to apply for a housing loan.
- Extra costs like insurance, appraisal fees, and taxes are not part of the basic payment.
- Paying extra toward the principal lowers your total interest.