You have found the perfect house and lot for you and your family. You’ve researched about the different financing options you have as a buyer and finally decided that a Pag-ibig housing loan is the best option for you. You have been a Pag-ibig member for quite a while and now you want to avail one of the many benefits you have as a Pag-ibig member. How do you go about it?

As you may already know, Pag-ibig membership is mandatory (R.A. 9679) for the following:

All employers and employees who are covered by the SSS and GSIS; uniformed members of the Armed Forces of the Philippines, the Bureau of Fire Protection, the Bureau of Jail management and Penology, and the PNP; OFWs, and Filipinos employed by foreign-based employers.

If you’ve been a member for at least 2 years, you are likely qualified to avail a Pag-ibig housing loan. Now, what are the steps in availing a Pag-ibig housing loan?

There are 4 major steps in the Pag-ibig housing loan procedure:

1. Attend the Pag-ibig housing loan counseling at the Pag-ibig office near you.
Inform the staff that you will be attending the housing loan counseling session. Applicants are asked to present 1 valid ID, sign the attendance sheet and accomplish a Preliminary Loan Counseling questionnaire (PLCQ) and a Membership Status Verification Slip (MSVS). The Pag-ibig officers will determine if the applicant is eligible for a housing loan. If found eligible, the applicant will be given a checklist of requirements that he/she must comply before moving on to step 2.

2. Apply for a Pag-ibig Housing Loan by submitting your housing loan application and the necessary documents as stated in the checklist of requirements given to you. Pay the Php1,000 processing fee.
*The processing fee is non-refundable even if the application gets disapproved.

3. Wait for the notice of Approval of the Pag-ibig housing loan application. This may be through telephone or cellphone call. Once approved, go back to the Pag-ibig Fund office and sign loan documents there. Complete the other requirements in the Notice of Approval (NOA)
* The requirements must be submitted within 90 days from receipt of LOG/NOA

4. Release of Loan Proceeds
Submit complete NOA requirements which will be evaluated and processed. Wait for a telephone/cellphone call regarding Check availability. After Pag-ibig has informed you about the check availability, go back to the office and present 2 valid IDs and get Check. Then issue 12 PDCs to pay for the 1 year monthly amortization. Follow the remaining steps asked by the Pag-ibig officers.