09/11/2023
Bank Loan or Pag ibig Loan?
3 Major Questions regarding sa pagkuha ng loan,
sa PAG IBIG or Bank Loan.
1. Ano ang mas mataas ang Interest rate?
Mas mataas ng ng kaunti ang PAGIBIG Interest rate kumapara sa Bank Loan
Pero ito ay nag ooffer ng mas matagal na loan period hanggang 30 taon.
PAGIBIG Interest Rate = 5.375% to 10% = 1 to 30 taon period
Bank Interest Rate = 6.88% to 10.12% = 5 up to 20 years period
2. Saan mas makaka loan ng mas malaking amount?
750k to 6 Million ang loanable amount sa PAGIBIG ayon sa mga sumusunod.
Total Accumulated Value o TAV / Contributions
Kailangan ng 24 months contribution sa PAGIBIG.
Bank is 80-90% of the appraised Value.
Ang appraised value ay ang halaga ng iyong lupa base sa location at Road Right of Way o daan na access sa iyong property; kasama na rin sa computation ang laki ng area at condition ng iyong lupa.
3. Ano Ang Requirements sa pagkuha ng mga loan na ito?
Pag Ibig Housing Loan Application Form
Membership Status Verification Slip
TCT/CCT in the name of the borrower
Photocopy of the New Tax Declaration
The Collection Servicing Agreement or Post-dated Checks
Proof of billing address
Notarized Loan and Mortgage Agreement
Notarized Promissory Note
Disclosure Statement on Loan Transaction
Occupancy Permit (if applicable)
Building Plans (if applicable)
Deed of Absolute Sale (if applicable)
Application form
Photocopy of Government issued ID with photo & signature
Marriage Contract, if applicable
Alien Certificate of Registration, for Foreigners
ITR, for employees
Last 3 months of Payslips or Certificate of Employment, for employees
Business Registration Papers, for businessmen
Financial Statements, for businessmen
Bank Statements, for businessmen
Trade References, for businessmen
Lease Contracts or Copy of Title, for businessmen
Photocopy of TCT/CCT
Building plan with Vicinity Map
Master of Deed of Declaration of Restrictions for Condominiums
Building Plan for Construction
Bill of Materials and Labor Cost
Statement of Account for Refinancing
Kung ako ang tatanungin ano ang mairerecommend ko?
If ang Client ay Employed sa isang company. Mare-recommend ko na mag-PAGIBIG ito dahil tuloy tuloy ang PAGIBIG contributions at mas matagal ang loan payable period dito kung saan mas bababa ang monthly payables natin.
Hindi rin ibig sabhn nito ay kapag hindi ka member ng PAGIBIG ay hindi ka na pwede mag loan dito. Pwede parin mag-loan ang non-PAGIBIG member ngunit nangangailangan!ang PAGIBIG ng 40,000 stable family monthly income sa client.
If ang client naman ay Self-Employed o may hinahawakang business. Marerecommend ko na mag Bank financing ito dahil karamihan sa requirements nito ay kailangan
ng mga business requirements tulad ng DTI, ITR, BIR and Business permit.
If may tanong ka, comment below ka at pag usapan natin
Topic Source: https://www.imoney.ph/articles/pag-ibig-housing-loan-vs-bank-loan/
https://www.moneysmart.ph/articles/pag-ibig-vs-bank-loan-which-is-better-4-things-to-know-before-you-commit/
PAG IBIG Housing Loan fails to compare with other housing loans from banks. Here's a comprehensive guide between the a PAG-IBIG loan & a traditional loan.
