MAY LOAN PO AKO LAST 5 YEARS SA PAG-IBIG, PATAPOS NA.PWEDE NA BA KUMUHA ULIT OR RE-LOAN?

Additional loan shall be herein defined as a housing loan availed while there is still an existing housing loan.

• YES.  A member who is updated with his monthly contributions, as well as his monthly housing loan amortizations as of date of application for additional loan shall be eligible for the said loan.
• YES.  A qualified Pag-IBIG member who has an existing housing loan may avail himself of an additional housing loan for the following purposes:
  •  a lot purchased/refinanced through a Pag-IBIG housing loan;
  • Home improvement; or
  • Purchased of lot / house and lot / condominium unit / townhouse / row house adjacent to the property mortgaged with the Fund. In case of vertical development, this may also include the purchase of a parking lot.
  • An eligible member shall be allowed to borrow an additional loan; provided, the resulting monthly repayment of the consolidated loan, namely, the original loan availment and the additional loan, shall not exceed thirty-five per cent (35%) of the borrower’s gross monthly income for consolidated loan not exceeding P1,250,000 and thirty percent (30%) of the borrower’s gross monthly income for consolidated loans exceeding P1,250,000.

Source:

http://www.pagibigfund.gov.ph/