2012 PAG-IBIG HOUSING AMORTIZATION TABLE by leegallig

VIEWS: 951 PAGES: 1

Latest Pag-Ibig Fund Amortization Table

More Info
									Pag-Ibig Fund Offers 4.5% Subsidized Interest Rates On Socialized Housing
By BERNIE CAHILES-MAGKILAT          April 25, 2012, 6:03pm               Source: Manila Bulettin
                                                                        http://www.mb.com.ph/node/358016/pagibig-fund-offer
State-owned Pag-Ibig Fund is offering a subsidized 4.5 percent interest rate for socialized housing loan of P400,000,
 which is ideal for minimum wage earners as this only requires P2,000 monthly amortization and double the maximum
allowable loan under its regular housing loan program to P6 million from P3 million.
        Atty. Darlene Marie B. Berberabe in a speech before the 33rd National Conference of Employers (NCE) said
       these two enhanced housing loan programs for accessible housing retail would be effective July 1 this year.
A P400,000 socialized housing loan will be charged with 4.5 percent interest rate for a monthly amortization of
P2,026.74. A borrower is ex¬pected to have a gross monthly income of only P5,790.69.
     A 6.5 percent interest would be charged on P750,000 loan. Borrowers are required a gross monthly gross in¬
     come of P13,544.31 to be able to pay the monthly amortization of P 4,740.51.
 For the regular housing loan component, Pag-Ibig has doubled the maximum allowable loan to P6 million
from the previous P3 million. The in¬terest rate for regular housing loan is implementing a credit-scoring
system for borrowers where they can adjust the rate based on the risk unlike before when the rate is pegged
at 11.5 percent for a P3 million housing loan.
    “This means that the lower the risk, the lower the interest rate,” Berberabe said. The private banks are
     charging a range from 8-9, but Pag-Ibig would be charging lower than this range.

                                 Pag Ibig Housing Loan Amortization Table
                                                         Loan Amortization (Principal+Interest)
     Interest    Loanable                                       Loan Terms (In Years)
       Rate      Amount         5 years        10 years       15 years          20 years        25 years      30 years
                   50,000.00         966.64         555.10         421.93            358.22          322.15        299.78
                  100,000.00       1,933.28       1,110.20         843.86            716.44          644.30        599.56
                  150,000.00       2,899.92       1,665.30       1,265.79          1,074.66          966.45        899.34
                  200,000.00       3,866.56       2,220.40       1,687.72          1,432.88        1,288.60      1,199.12
       6%
                  250,000.00       4,833.20       2,775.50       2,109.65          1,791.10        1,610.75      1,498.90
                  300,000.00       5,799.84       3,330.60       2,531.58          2,149.32        1,932.90      1,798.68
                  350,000.00       6,766.48       3,885.70       2,953.51          2,507.54        2,255.05      2,098.46
                  400,000.00       7,733.12       4,440.80       3,375.44          2,865.76        2,577.20      2,398.24
                  450,000.00       8,910.54       5,224.88       4,044.73          3,488.85        3,180.51      2,993.86
                  500,000.00       9,900.60       5,805.42       4,494.14          3,876.50        3,533.90      3,326.51
                  550,000.00      10,890.66       6,385.96       4,943.56          4,264.15        3,887.29      3,659.16
       7%         600,000.00      11,880.72       6,966.51       5,392.97          4,651.80        4,240.68      3,991.81
                  650,000.00      12,870.78       7,547.05       5,842.39          5,039.45        4,594.07      4,324.46
                  700,000.00      13,860.84       8,127.59       6,291.80          5,427.10        4,947.46      4,657.12
                  750,000.00      14,850.90       8,708.13       6,741.22          5,814.75        5,300.85      4,989.77
                  800,000.00      16,413.22       9,918.86       7,877.92          6,942.58        6,441.82      6,151.30
                  850,000.00      17,439.05      10,538.78       8,370.29          7,376.50        6,844.43      6,535.76
       8%         900,000.00      18,646.88      11,158.71       8,862.66          7,810.41        7,247.04      6,920.22
                  950,000.00      19,490.70      11,778.64       9,355.03          8,244.32        7,649.66      7,304.67
                1,000,000.00      20,516.53      12,398.57       9,847.40          8,678.23        8,052.27      7,689.13
                1,050,000.00      22,051.95      13,586.75      10,964.36          9,787.38        9,173.82      8,828.97
                1,100,000.00      23,102.05      14,233.74      11,486.48         10,253.44        9,610.67      9,249.39
       9%       1,150,000.00      24,152.14      14,880.72      12,008.59         10,719.51       10,047.52      9,669.82
                1,200,000.00      25,202.23      15,527.71      12,530.70         11,185.57       10,484.36     10,090.25
                1,250,000.00      26,252.33      16,174.70      13,052.81         11,651.64       10,921.21     10,510.68
                1,300,000.00      27,942.07      17,541.55      14,370.19         12,978.94       12,274.37     11,891.61
                1,350,000.00      29,016.77      18,216.23      14,922.89         13,478.13       12,746.46     12,348.98
                1,400,000.00      30,091.46      18,890.90      15,475.59         13,977.32       13,218.55     12,806.35
                1,450,000.00      31,166.16      19,565.58      16,028.29         14,476.51       13,690.64     13,263.72
                1,500,000.00      32,240.85      20,240.25      16,580.99         14,975.70       14,162.73     13,721.09
                1,550,000.00      33,315.55      20,914.93      17,133.69         15,474.89       14,634.83     14,178.46
                1,600,000.00      34,390.24      21,589.60      17,686.39         15,974.08       15,106.92     14,635.83
     10.50%     1,650,000.00      35,464.94      22,264.28      18,239.09         16,473.27       15,579.01     15,093.20
                1,700,000.00      36,539.63      22,938.95      18,791.79         16,972.46       16,051.10     15,550.57
                1,750,000.00      37,614.33      23,613.63      19,344.49         17,471.65       16,523.19     16,007.94
                1,800,000.00      38,689.02      24,288.30      19,897.19         17,970.84       16,995.28     16,465.31
                1,850,000.00      39,763.72      24,962.98      20,449.89         18,470.03       17,467.37     16,922.68
                1,900,000.00      40,838.41      25,637.65      21,002.58         18,969.22       17,939.46     17,380.04
                1,950,000.00      41,913.11      26,312.33      21,555.28         19,468.41       18,411.55     17,837.41
                2,000,000.00      42,987.80      26,987.00      22,107.98         19,967.60       18,883.65     18,294.78
                2,050,000.00      45,084.65      28,822.06      23,947.90         21,861.82       20,837.61     20,300.97
                2,100,000.00      46,184.28      29,525.04      24,531.99         22,395.03       21,345.84     20,796.12
                2,150,000.00      47,283.90      30,228.01      25,116.09         22,928.25       21,854.08     21,291.26
                2,200,000.00      48,383.53      30,930.99      25,700.18         23,461.46       22,362.31     21,786.41
                2,250,000.00      49,483.15      31,633.97      26,284.28         23,994.68       22,870.55     22,281.55
                2,300,000.00      50,582.78      32,336.94      26,868.37         24,527.89       23,378.78     22,776.70
                2,350,000.00      51,682.40      33,039.92      27,452.47         25,061.11       23,887.02     23,271.84
                2,400,000.00      52,782.03      33,742.90      28,036.56         25,594.32       24,395.25     23,766.99
                2,450,000.00      53,881.65      34,445.88      28,620.66         26,127.54       24,903.49     24,262.13
                2,500,000.00      54,981.28      35,148.85      29,204.76         26,660.76       25,411.72     24,757.28
     11.50%
                2,550,000.00      56,080.91      35,851.83      29,788.85         27,193.97       25,919.95     25,252.43
                2,600,000.00      57,180.53      36,554.81      30,372.95         27,727.19       26,428.19     25,747.57
                2,650,000.00      58,280.16      37,257.78      30,957.04         28,260.40       26,936.42     26,242.72
                2,700,000.00      59,379.78      37,960.76      31,541.14         28,793.62       27,444.66     26,737.86
                2,750,000.00      60,479.41      38,663.74      32,125.23         29,326.83       27,952.89     27,233.01
                2,800,000.00      61,579.03      39,366.71      32,709.33         29,860.05       28,461.13     27,728.15
                2,850,000.00      62,678.66      40,069.69      33,293.42         30,393.26       28,969.36     28,223.30
                2,900,000.00      63,778.28      40,772.67      33,877.52         30,926.48       29,477.60     28,718.44
                2,950,000.00      64,877.91      41,475.65      34,461.61         31,459.69       29,985.83     29,213.59
                3,000,000.00      65,977.54      42,178.62      35,045.71         31,992.91       30,494.06     29,708.74

								
To top