Planning to Transfer Your Housing Loan to Pag-IBIG?
Yes, you can!
Many Filipino homeowners ask if it’s possible to move their existing housing loan from a private bank to Pag-IBIG Fund. This process is called Loan Refinancing or Loan Take-Out. It allows borrowers to enjoy lower interest rates, longer payment terms, and more affordable monthly amortizations—benefits that Pag-IBIG is known for.
What Do You Need to Transfer Your Loan to Pag-IBIG?
Here’s a quick checklist of the basic requirements:
1. Housing Loan Application Form
– With a recent ID photo of the borrower and co-borrower (if any).
2. Proof of Income
b. For locally employed:
– Notarized Certificate of Employment and Compensation indicating the gross monthly income and monthly allowances or monthly monetary benefits received by the employee.
– Latest Income Tax Return (ITR) for the year immediately preceding stamped received by the BIR.
– Certified One (1) month payslip, within the last 3 months prior to date of loan application.
b.) For self-employed: ANY of the following Proof of Income:
– ITR, Audited Financial Statements and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit.
– Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months).
– Bank Statements or Passbook for the last 12 months (incase income is sourced from foreign remittances, pensions,etc)
– Copy of Lease Contract and Tax Declation (if income is derived from rental payments)
– Certified true Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs)
– Certificate of Engagement issued by owner of business.
– Other document that would validate source of income.
c. For Overseas Filipino Workers (OFW). ANY of the following:
– Employment Contract between employee and employer or POEA Standard Contract.
– Certificate of Employment and Compensation (CEC). CEC written on the Employer/Company’s official letterhead, or CEC signed by employer (for household staff and similarly situated employees) supported by a photocopy of the employer’s ID or passport.
– Income Tax Return filed with Host Country/Government. Note: If documents are in foreign language/s, English translation is required.
3. One Valid Government-Issued ID – Photocopy back-to-back of Principal Borrower and Spouse and Co-Borrower and Spouse.
4. Transfer Certificate of Title (TCT) (latest title, photocopy). Condominium Certificate of Transfer (CCT) For condominium unit.
5. Updated Tax Declaration (House and Lot) and Updated Real Estate Tax Receipt (photocopy)
6. Latest Statement of Account on Outstanding Loan Balance duly signed by the Manager or the account officer and ANY of the following documents
a. Official Receipt for the past 12 months (or any valid proof of payment)
b. Subsidiary Ledger
7. Vicinity Map/Sketch of the Property.
Note: These are just basic requirements. Additional documents may be requested depending on your loan profile and property status.
Why Transfer to Pag-IBIG?
Lower interest rates
Up to 30 years payment term
No hidden charges
Ideal for long-term budget planning
Age Limit:
Not older than 65 at the time of application, and the loan must be fully repaid before the borrower turns 70.
Note: You may visit your nearest Pag-IBIG housing loan office for more details.
Source: HQP-HLF-369 Pag-ibig form
