Pag-ibig Housing Loan for OFWs

OFWs can now make their dream houses a reality with Pag-ibig’s housing loan plans

Did you know you can own your dream home in just 6 easy steps with the Pag-IBIG Fund Housing Loan? As an Overseas Filipino Worker (OFW) you can borrow up to P6 million with low interest rates. 

Want to know if you’re eligible? Check out the list below.

• Active member with at least 24 months savings
• Not more than 65 years old at the date of loan application and is not more than 70 years old at the date of loan maturity
• Legal capacity to acquire and encumber real property
• No Pag-IBIG housing loan foreclosed, canceled, bought back, or voluntarily surrendered
• If with existing Pag-IBIG Housing account or Short Term Loan (STL), payments must be updated

Requirements

1. Housing Loan Application with recent ID photo of borrower/co-borrower
2. Proof of Income

Proof Of Income For Overseas Filipino Workers (OFW) (any of the following):

• Employment Contract;
• Employment Contract between employee and employer; or
• POEA Standard Contract
• Notarized 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

3. One (1) valid ID (Photocopy, back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse, Seller and Spouse and Developer’s Authorized Representative and Attorney-In-Fact, (if applicable)

Modes of Payment

• Salary deduction through Employer Collection Servicing Agreement (CSA)
• Post-dated checks
• Auto debit arrangement with banks
• Accredited collection partners
  • Local Remittance
  • Overseas Remittance

How to Apply

1. Complete the requirements to apply for a Pag-IBIG housing loan. 
2. Submit your Pag-IBIG housing application.
3. Receive your Notice of Approval (NOA) and Letter of Guaranty (LOG).
4. Complete the requirements stated in your Notice of Approval. 
5. Receive your Pag-IBIG housing loan proceeds.
6. Start paying your Pag-IBIG housing loan. 

Pay your Pag-ibig loans from Japan

Once you’ve successfully made your Pag-IBIG housing loan, you can start paying them off worry-free using Smiles Mobile Remittance, the number one mobile money transfer service used to send money overseas from Japan. Smiles now offers bills payment directly from the app and covers Pag-IBIG loans to make it easier for OFWs to pay on time. Want to know more about the housing loan? Click here.