How long does it take for my Pag IBIG housing loan to be approved?

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In an effort to cut red tape, the Pag IBIG fund now promises faster transaction to those applying for a housing loan.

Through its more efficient application system, Pag IBIG housing loans can now be approved within 17 days from the date when the borrower completes/submits all requirements.

The loan proceeds, on the other hand, can be claimed three days after post-approval compliance.

Here’s an overview of how Pag IBIG housing loan applications are processed:

  • 2 working days: From receipt of documents required upon loan application
    up to the endorsement of documents for credit investigation and property appraisal.
  • 6 working days: From receipt of endorsed documents up to the generation of the result of credit investigation and property appraisal.
  • 8 working days: From receipt of the result of credit investigation and property appraisal up to approval of HL application.
  • 1 working day: From receipt of approval of HL application up to release of Notice of Approval (NOA).
  • 3 working days: From preparation of Request for Payment (RFP) up to Check Availability.

Go to the main article: How to Apply for Pag-IBIG Housing Loan: An Ultimate Guide