Loan-to-Appraised Value Loan Limits for Pag-IBIG

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CIRCULAR NO. 401: Loan-to-Appraised Value Loan Limits for Pag-IBIG

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Title Supreme Court: Loan-to-Appraised Value Loan Limits for Pag-IBIG

Law: Circular No. 401

Decision Date: May 29, 2018

Circular No. 401 establishes new guidelines for determining loanable amounts under the Pag-IBIG Fund Affordable Housing Program, setting a loan-to-appraised value ratio of 100% for socialized housing and 95% for amounts exceeding the socialized housing limit up to P750,000.

loanable amount

appraised value

A

Repeal and Continuity of Provisions

The circular repeals Item No. 4.3 of Pag-IBIG Fund Circular No. 379, which previously contained guidelines related to LTV ratio under the Affordable Housing Program.
All other terms and conditions of Circular No. 379 that are consistent with the new LTV provisions shall remain effective and in force.

Effectivity and Publication Requirements

The Circular becomes effective fifteen (15) calendar days after its publication either in the Official Gazette or a newspaper of general circulation.
This ensures transparency and allows stakeholders sufficient time to comply with the new guidelines.

Legal Authority and Issuance

The guidelines were issued under the authority and approval of the Pag-IBIG Fund Management Committee.
The Circular was signed and promulgated by the Chief Executive Officer of the Pag-IBIG Fund, ensuring its official and binding nature.

END