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How much is the loanable amount?

April 26, 2017loanable

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How much is the loanable amount?

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The ceiling that a member can borrow from PAGIBIG is P2 million. But to avail of the P2 million depends mainly on your monthly contribution and your monthly income. Here’s good news on loan ceilings. PAGIBIG has issued a new directive allowing members with a P200 monthly contribution (including employer’s), who previously can only avail of a P250, 000 loan, to avail of the P500, 000 loan. And for the P2 million loan the monthly contribution required was reduced from P1,600 to P950.