Loan
Pag-IBIG Housing Loan
Calculate Pag-IBIG Fund housing loan payments including the declining balance method, MRI (Mortgage Redemption Insurance), and fire insurance estimates.
Pag-IBIG Loan Calculator
Estimate your Pag-IBIG housing loan monthly amortization, total payment, and insurance costs.
How This Tool Works
How It Works
Pag-IBIG housing loans use declining balance amortization (unlike most PH bank installments which use add-on/flat rates). This means you pay less interest over time as your principal decreases.
Interest Rates (2024)
- Loan ≤ ₱750K: 3% for first 5 years, 5.375% thereafter (blended ~4%)
- Loan > ₱750K to ₱6M: 6.375% fixed
Additional Costs
- MRI: ~0.25% of loan amount annually
- Fire Insurance: ~0.1% of loan amount annually
Formula (Declining Balance)
PMT = P × [r(1+r)^n] / [(1+r)^n - 1]
Where P = principal, r = monthly rate, n = total months