Pag-IBIG & Bank Housing Loan Calculator
Last updated: 2026-10-02
Estimate the monthly amortization on a house, lot or condo before you talk to a lender. Enter the price, your down payment, the interest rate and the loan term. The result updates as you type, and nothing you enter is saved or sent anywhere.
The 6.5% starting rate is only an example. Rates change, so use the rate your lender actually quotes you. This is an estimate, not a loan offer.
How the estimate works
Housing loans in the Philippines are paid in equal monthly installments (amortization). Each payment covers that month's interest on the remaining balance plus part of the principal. Early on most of it is interest; by the end, most of it is principal. The calculator subtracts your down payment from the price to get the loan amount, then applies the standard formula to your rate and term.
For example, on a ₱3,000,000 home with 20% down, you borrow ₱2,400,000. At 6.5% a year, that's about ₱17,894 a month over 20 years, or about ₱15,170 over 30 years. The 30-year loan is cheaper per month but costs roughly ₱1,166,566 more in total interest.
Pag-IBIG housing loan interest rates by repricing period
Pag-IBIG fixes your rate for a chosen repricing period, then resets it to the prevailing rate. A shorter fixing period has a lower rate but resets sooner. Reported standard rates as of October 2026:
| Repricing period | Rate per year |
|---|---|
| 1 year | 5.75% |
| 3 years | 6.25% |
| 5 years | 6.5% |
| 10 years | 7.125% |
| 15 years | 7.75% |
| 20 years | 8.5% |
| 25 years | 9.125% |
| 30 years | 9.75% |
Monthly amortization table (₱1M to ₱5M loans)
Estimated monthly payment by loan amount and term at 6.5% a year, principal and interest only. The loan amount is what you borrow after your down payment. Enter your own numbers above for anything in between.
| Loan amount | 10 years | 15 years | 20 years | 25 years | 30 years |
|---|---|---|---|---|---|
| ₱1M | ₱11,355 | ₱8,711 | ₱7,456 | ₱6,752 | ₱6,321 |
| ₱1.5M | ₱17,032 | ₱13,067 | ₱11,184 | ₱10,128 | ₱9,481 |
| ₱2M | ₱22,710 | ₱17,422 | ₱14,911 | ₱13,504 | ₱12,641 |
| ₱3M | ₱34,064 | ₱26,133 | ₱22,367 | ₱20,256 | ₱18,962 |
| ₱4M | ₱45,419 | ₱34,844 | ₱29,823 | ₱27,008 | ₱25,283 |
| ₱5M | ₱56,774 | ₱43,555 | ₱37,279 | ₱33,760 | ₱31,603 |
Pag-IBIG, bank or in-house financing?
| Option | Typical strengths | Watch out for |
|---|---|---|
| Pag-IBIG Fund | Long terms (up to 30 years), often lower rates, open to members with modest incomes | Needs at least 24 monthly contributions; processing can take longer |
| Bank loan | Faster approval for strong applicants, higher loan amounts | Stricter income and credit requirements; rates reprice after the fixed period |
| Developer in-house | Easiest to qualify for, common with pre-selling projects | Usually the highest rates and shortest terms; many buyers refinance later |
Our guide to Pag-IBIG vs. bank vs. developer financing compares them in detail, and the Pag-IBIG housing loan guide walks through the requirements and application step by step.
Before you apply
- Keep the payment affordable. Lenders cap the amortization at a share of your gross monthly income, but a payment inside that cap can still be tight month to month, so leave room for other bills.
- Budget for more than the down payment. Transfer taxes, registration, notarial fees and insurance add up. See our guide to transfer taxes and fees.
- Check the property's documents. Pag-IBIG and banks lend against titled property. A rights-only or tax-declaration lot usually can't be financed. See titled vs. rights-only lots.
Find a home that fits your budget
Once you know your range, browse houses and lots for sale in Central Luzon, rent-to-own homes or pre-selling projects, and ask each seller which financing they accept.
Frequently asked questions
How is the monthly amortization computed?
It uses the standard amortization formula: the loan amount, the monthly interest rate (the yearly rate divided by 12) and the number of monthly payments. Every payment is the same, and early payments go mostly to interest while later ones go mostly to principal.
What interest rate should I enter for a Pag-IBIG housing loan?
Pag-IBIG's rate depends on how long you lock it in (the repricing or fixing period). As of October 2026, reported standard rates run from about 5.75% for a 1-year repricing period to 9.75% for 30 years, with lower promotional rates under its affordable housing program. Rates change, so confirm the current table on the Pag-IBIG Fund website or at a branch. For a bank loan, use the rate in the bank's offer letter.
What is the maximum Pag-IBIG housing loan?
Pag-IBIG lends for terms of up to 30 years, and its maximum loan amount has been raised under its affordable housing program (reported as high as ₱10 million for some brackets), so check the current ceiling with Pag-IBIG. The amount you actually get depends on your income, the property's appraised value and your age. The loan has to be paid off by the time you turn 70.
Does my age affect the Pag-IBIG loan term?
Yes. Pag-IBIG generally requires applicants to be 65 or younger, and the loan must be fully paid by age 70. So your longest term is 70 minus your age, up to 30 years. For example, at 50 the longest term is 20 years. Enter your age in the calculator to see the terms you can choose. Your age is only used in your browser and is never saved or sent. Confirm the current rules with Pag-IBIG.
Does the estimate include insurance and other fees?
No. The result is principal and interest only. Pag-IBIG and banks usually add mortgage redemption insurance and fire insurance to the monthly payment, and buying also involves one-time costs like transfer taxes and registration fees.
Is a longer loan term better?
A longer term lowers the monthly payment but makes you pay much more interest overall. Pick the shortest term whose monthly payment you can still comfortably afford, and keep an emergency fund on top of it.