In order to allege the new take a look at/loan proceeds, present 2 valid IDs (find conditions area to own a list of good IDs recognized because of the Pag IBIG) during the Cash-Disbursement Department-Finance Help Qualities Department/People Features Branch.
- A third party associate provided that he/she submits a good notarized Special loans Haleyville Fuel of Attorney (SPA) and 2 legitimate IDs each of the principal debtor and representative/Attorney-in-Facts.
- Owner, in case your loan goal is among the following the: Purchase of Domestic Tool, Package Buy, or Acquisition of Lot and you may Design of House.
The brand new debtor will also be needed to bring several PDCs (post-old inspections) in the event your fee isn’t as a result of income deduction (come across step two for more information).
8. Initiate Investing Your own Month-to-month Amortization
Amortization is described as the process of dispersed aside that loan (in cases like this, a great Pag IBIG homes loan) for the a series of fixed repayments over the years.
It is the monthly premiums which you can lead to the new next upcoming weeks and you may age to pay off the fresh new Pag IBIG houses loan.
an effective. Percentage As a result of Article-Dated Monitors (PDCs)
Should you choose which, you should situation and you can fill in a dozen post-old inspections on the Pag IBIG Loans through to financing discharge. This type of monitors will take care of 1-season month-to-month amortization.
Return to the fresh new Pag IBIG up on usage of the latest 10 PDCs (private of your remaining 2) in order to topic an alternative a dozen checks.
b. Commission As a result of Paycheck Deduction
If you pick amortization percentage thru salary deduction (because so many Filipino staff perform), you really need to submit Expert so you can Deduct into the Asking Section/Accounts Administration and Asking Agency/Financing Government and RecoveryHousing Business Heart/Members Functions Branch.
c. Other Settings from Percentage
- Automobile debit arrangement with banks.
- Certified range lovers (readily available for one another local and overseas remittance).
- Commission so you’re able to a certified designer which have a collection Maintenance Arrangement which have the brand new Pag IBIG Loans.
- Other ways of percentage that the Pag IBIG Financing can get incorporate subsequently.
Info and you will Cautions
a good. Once we try our best to respond to all of the it is possible to concerns inside the this guide, it’s also wise to be on the lookout for the current times of your Pag IBIG Casing Mortgage positioning system on the Myspace page.
Within system, that is held several times a-year inside certain Pag IBIG twigs and you may spots, you can address your issues to the new Pag IBIG personnel.
b. Identical to while you are obtaining credit cards, your credit score could be reviewed for the investigations of their Pag IBIG homes loan application.
Make sure that your credit history try right up-to-time, exact, and you can is not discolored of the delinquent bills. You could potentially secure a totally free content of credit history of the financing Information Firm (CIC) otherwise any one of its certified credit agencies.
c. Never go to Pag IBIG empty-handed. Before you apply having a property loan, you will want to actually have saved up about 20% of your own property’s worthy of for the deposit.
The higher the brand new deposit you really can afford, the much more likely your own construction application for the loan becomes accepted. Additionally, it may reduce your interest, monthly financial, loan-to-well worth proportion, and you may mortgage title.
d. Into the functioning, the secret to getting recognized is to assist you possess good solid a position records. Work jumping and you can openings on the employment history could be seen since warning flags. A career tenure form income stability and the power to pay your property mortgage.
elizabeth. When you find yourself frightened you might not become certified due to decreased income, persuade somebody with an everyday jobs and you can a good credit score records to elevates while the an excellent co-debtor.
f. Very carefully determine your existing earnings and see simply how much from it you could set aside having month-to-month amortization. Essentially, the mortgage count cannot go beyond their three-seasons salary, while your mortgage otherwise monthly amortization ought not to surpass 20-30% of the terrible monthly money.