What is the maximum repayment term for the Pag-IBIG Housing Loan?

The maximum repayment term for the Pag-IBIG Housing Loan is indeed 30 years. This extended term allows borrowers to manage their mortgage repayments over a longer period, which can significantly reduce the monthly payment amounts. This is particularly beneficial for individuals or families purchasing a home, as it can make housing more affordable by spreading the cost over a longer timeframe.

The option reflecting shorter repayment terms, such as 5 years, 10 years, or 20 years, does not cater to the needs of many borrowers who may require more manageable repayment schedules. A 30-year term provides flexibility in budgeting and helps ensure that homeownership remains accessible, especially for lower- to middle-income individuals who may find shorter terms financially straining. Thus, the 30-year repayment period stands out as a key feature of the Pag-IBIG Housing Loan program, aimed at promoting homeownership among Filipinos.