The Pag-IBIG Special Housing Loan Restructuring 2 (SHLR2) Program is a special opportunity given to Pag-IBIG Housing Loan borrowers and installment buyers with missed payments,who may lose their properties due to foreclosure or cancellation.
The Pag-IBIG Special Housing Loan Restructuring 2 (SHLR2) Program is a special opportunity given to Pag-IBIG Housing Loan borrowers and installment buyers with missed payments,who may lose their properties due to foreclosure or cancellation.
- A chance to lower the monthly amortization of your Pag-IBIG Housing Loan |
- A chance to extend your loan term |
- Waive all penalties on unpaid monthly amortizations |
- Avail of other Pag-IBIG Fund’s benefits as a member in good standing |
The program is available for all Pag-IBIG Housing Loan borrowers and installment buyers: |
- Who have missed payments for more than three (3) months |
- Who are active members, with at least one (1) membership savings paid within the last six (6) months prior to the date of application; and |
- Whose accounts are not foreclosed or cancelled |
- All arrearages |
- Foreclosure expenses, if any |
- Unpaid balances, & any other amount advanced by Pag-IBIG Fund, and |
- Applicable interests from the computation of restructured amount up to takeout date. |
Penalties on unpaid amortizations shall be WAIVED. Unpaid accrued interests within the Grace Period under the Bayanihan I and II, meanwhile, shall remain payable at any time within the term of the restructured loan and not subject to penalty. |
One (1) year insurance premiums must be paid within thirty (30) calendar days from the date of application. These include premiums for the following insurances |
- Mortgage Redemption (Life) Insurance |
• Monthly premium shall be based on the Restructured Amount |
- Non-Life Insurance (Fire &Allied Perils) |
• Monthly premium shall be the same with the Original Loan |
Pag-IBIG Fund keeps its interest rates low and uses a Full Risk-Based Pricing (FBRP) Framework to properly set its home loan rates: |
- Restructured Pag-IBIG Regular Housing Loan |
• Interest shall be based on Pag-IBIG Fund’s FRBP Framework, repriced periodically based on your chosen repricing period |
- Restructured Affordable Housing Loan (Socialized Housing Loan) / Installment Accounts |
• Prevailing interest rates shall be retained within the remaining subsidized period. After which, interest shall be based on your chosen repricing period following our FRBP Framework |
- Online via Virtual Pag-IBIG. Click here to apply |
- Via submission of application and requirements at any Pag-IBIG Fund branch, particularly for certain accounts such as those that are subject to foreclosure. |