Pag-IBIG Housing Loan Calculator — HDMF Monthly Amortisation
Estimate your monthly amortisation for a Pag-IBIG Fund (HDMF) housing loan. Enter the loan amount (up to PHP 6.5 million as of 2024), your annual interest rate and loan term to get the fixed monthly payment, total interest cost, and a year-by-year balance chart.
PHP
%
years
Fixed monthly payment for the entire loan term
₱3,578,751
Total paidPrincipal
55.9%
Total interest
44.1%
- 1
Monthly rate
r = 6.5% ÷ 12 ÷ 100 = 0.005417 - 2
Number of payments
n = 20 × 12 = 240 - 3
Growth factor
(1 + r)ⁿ = 1.005417ⁿ = 3.6564Compound growth of one unit at the monthly rate over the full term. - 4
Monthly amortisation
2,000,000 × 0.005417 × 3.6564 ÷ (3.6564 − 1) = 14,911.46
How does this calculator work?
Monthly amortisation = P × r(1+r)ⁿ / ((1+r)ⁿ − 1) where r = annual rate ÷ 12 and n = term in months. Pag-IBIG loans go up to PHP 6.5M (2024) at rates ranging ~5.4%–10% depending on fixing period. Enter amount, rate and term to get your fixed monthly payment and interest breakdown.
Formula
How this is calculated
Pag-IBIG (officially the Home Development Mutual Fund, HDMF) offers housing loans to its members in the Philippines at preferential interest rates. The standard loan uses a fixed monthly amortisation computed with the standard annuity formula: M = P × r(1+r)ⁿ / ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12) and n is the total number of monthly payments.
The interest rate on a Pag-IBIG loan depends on the loan amount and the chosen interest-fixing period (1, 3, 5, 10, 15, 20, 25 or 30 years). As of 2024, indicative rates range from approximately 5.375% (1-year fixing) to 10.0% (30-year fixing). The default rate of 6.5% in this calculator is a rough mid-range estimate — check hdmf.gov.ph for the current official rate schedule before applying. Rates are re-priced at the end of each fixing period.
The maximum loan amount is PHP 6,500,000 (2024). Loan eligibility also depends on capacity to pay (typically up to 30% of gross monthly income) and the property's appraised value. The maximum repayment period is 30 years or until the borrower turns 70, whichever comes first. This calculator assumes a constant interest rate for the full term — in reality, the rate resets at the end of each fixing period.
Frequently asked questions
As of 2024, the maximum is PHP 6,500,000 for socialized, economic, low-cost and open housing. The actual approved amount depends on the appraised value of the property and the borrower's capacity to pay (monthly amortisation should not exceed 30% of gross monthly income).
The rate depends on the loan amount and the interest-fixing period you choose. Shorter fixing periods (1–3 years) typically carry lower rates, while 20–30-year fixing periods have higher rates. At the end of each fixing period, the rate is repriced based on prevailing market rates. Always verify current rates at hdmf.gov.ph.
Yes. Pag-IBIG allows full or partial prepayment of your housing loan. Prepaying principal reduces your outstanding balance and the total interest you pay over the life of the loan. Check the current prepayment policy — there may be a minimum partial-payment amount and a processing fee.
Also known as
TG we-Calculate Editorial Team. (2026). Pag-IBIG Housing Loan Calculator — HDMF Monthly Amortisation [Online calculator]. TG we-Calculate. https://we-calculate.com/calculator/pag-ibig-housing-loan-calculator
TG we-Calculate Editorial Team. "Pag-IBIG Housing Loan Calculator — HDMF Monthly Amortisation." TG we-Calculate. 2026. https://we-calculate.com/calculator/pag-ibig-housing-loan-calculator.
TG we-Calculate Editorial Team, "Pag-IBIG Housing Loan Calculator — HDMF Monthly Amortisation," TG we-Calculate, 2026. [Online]. Available: https://we-calculate.com/calculator/pag-ibig-housing-loan-calculator
@misc{wecalculate_pag_ibig_housing_loan_calculator, title = {Pag-IBIG Housing Loan Calculator — HDMF Monthly Amortisation}, author = {{TG we-Calculate Editorial Team}}, howpublished = {\url{https://we-calculate.com/calculator/pag-ibig-housing-loan-calculator}}, year = {2026}, note = {TG we-Calculate} }
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