Pag-IBIG Housing Loan Restructuring: How to Avail and What are the Process

The Pag-IBIG Housing Loan Restructuring Program is a beneficial initiative that provides borrowers with an opportunity to reevaluate and adjust the terms of their existing loan. This program is specifically designed to make the repayment process more manageable for those who have taken a Housing Loan from the Pag-IBIG Fund.

Also read: Own Your Dream Home at a Low Cost Through Pag-IBIG Acquired Assets: What are the Process and Requirements

By availing of this program, you can negotiate terms that better align with your current financial situation. The primary goal is to ensure that borrowers can comfortably meet their repayment obligations without defaulting on the loan, thus maintaining ownership of their homes. It’s a lifeline for borrowers who may be struggling with their payments, particularly in challenging times.

Pag-Ibig Fund Cebu

Who is Eligible to Apply for Pag-IBIG Housing Loan Restructuring

Eligibility for the Pag-IBIG Housing Loan Restructuring Program extends to all Housing Loan borrowers. This includes those who are beneficiaries of the GLAD Program.

However, there are a few exceptions to this rule:

  • Borrowers who have housing loans that have a cancelled Contract-to-Sell (CTS) are not eligible to participate in this program.
  • Accounts that have been foreclosed and subsequently sold to another party are also excluded from this program.
  • Foreclosed accounts that are now under the ownership of the Pag-IBIG Fund are likewise ineligible.

In essence, while the program is broadly open to all housing loan borrowers, these specific circumstances can affect eligibility.

What are the Requirements to Qualify for the Pag-IBIG Housing Loan Restructuring?

To avail of the Housing Loan Restructuring Program, there are several requirements you need to meet:

A. Application for Loan Restructuring

  • You must fill out and submit the Application for Loan Restructuring form (HQP-HLF-001).

B. Updated Real Estate Property Tax (REPT) Receipt or Tax Clearance and Tax Declaration

  • These documents pertain to both the land and the building on it.

C. Proof of Income

This can be provided in different ways depending on your employment status:

  • If you’re employed, provide your latest one-month payslip and a Certificate of Employment and Compensation.
  • If you’re self-employed, provide your Income Tax Return (ITR), Audited Financial Statements, and an Official Receipt of tax payment from the bank, supported by your DTI Registration and Mayor’s Permit/Business Permit.

Please refer to the Checklist of Requirements for Application for Loan Restructuring (HQP-HLF-703) for other acceptable documents as proof of income.

D. Special Power of Attorney (HQP-HLF-317)

  • This is necessary if you have an Authorized Representative handling the process on your behalf.

These requirements ensure that the restructuring application process is thorough and fair, and that all applicants are genuinely in need of the assistance offered by this program.

Steps to Apply for the Housing Loan Restructuring Program

Applying for the Housing Loan Restructuring Program involves a series of steps:

Step 1: Submission

Begin by submitting the Loan Restructuring Application Form along with the necessary requirements.

Step 2: Request Statement of Account

You’ll need to request your Statement of Account in order to obtain the Loan Restructuring Evaluation Sheet.

Step 3: Review and Encoding

After your application is reviewed and encoded by Lingkod Pag-IBIG personnel, a Payment Order Form will be produced for you to make a down payment.

Step 4: Approval and Signing

Once your application has been approved by the relevant authority, you will need to sign the supporting documents. For those with Contract-to-Sell (CTS) accounts, a pre-signed Real Estate Mortgage will be generated.

Step 5: Completion

Congratulations! You’ve successfully applied for your Housing Loan Restructuring. You can now wait for a call from Lingkod Pag-IBIG personnel who will update you on the status of your application.

By following these steps, you can ensure a smooth application process for the Housing Loan Restructuring Program.

Benefits of Pag-IBIG Housing Loan Restructuring

The Pag-IBIG Housing Loan Restructuring Program offers several benefits to its borrowers.

  1. Flexible Repayment Terms: The program allows borrowers to renegotiate the terms of their loan, which can lead to more manageable monthly payments. This can be especially helpful in times of financial hardship.
  2. Avoid Foreclosure: By restructuring their loan, borrowers may be able to avoid foreclosure of their property. This is significant as it allows homeowners to retain ownership of their homes.
  3. Maintain Good Credit Standing: Successfully restructuring a loan and adhering to the new payment schedule can help borrowers maintain a good credit standing, which could be beneficial for any future credit requirements.
  4. Peace of Mind: Knowing that your loan payments are manageable can provide significant peace of mind. This can lead to less financial stress and a better overall quality of life.


Remember, it’s important to consider your own personal circumstances when determining if this program is right for you.

Also read: How to Apply Multi-Purpose Loan from Pag-IBIG

Tips on Availing of Housing Loan Restructuring

Availing of a Housing Loan Restructuring can be a great way to manage your finances more effectively, especially in times of financial hardship. Here are some tips to help you through the process:

  1. Understand Your Financial Situation: Before you apply for loan restructuring, take a close look at your personal finances. Understand your income, expenses, and how much you can realistically afford to pay towards your loan each month.
  2. Gather All Required Documents: Make sure you have all the required documents ready before you start the application process. This includes your application form, proof of income, and any property tax receipts or clearances.
  3. Stay Informed: Familiarize yourself with the terms and conditions of the restructuring program, and make sure you understand how it will impact your loan.
  4. Ask Questions: Don’t hesitate to ask questions if there’s anything you’re unsure about. The Pag-IBIG Fund personnel are there to assist you throughout the process.
  5. Consider Seeking Financial Advice: It may be helpful to seek advice from a financial advisor before applying for loan restructuring. They can help you understand the potential impacts on your finances and give you personalized advice.
  6. Keep Up With Payments: After your loan has been restructured, it’s crucial that you keep up with your new payment schedule. Failure to do so could lead to penalties or even foreclosure of your property.
  7. Communicate: If you’re struggling to make payments, don’t ignore the problem. Get in touch with Pag-IBIG Fund as soon as possible to discuss your situation and explore possible solutions.

Remember, loan restructuring is a significant financial decision, and it’s important to consider all aspects before proceeding.

Frequently Asked Questions

1. How long does the process of loan restructuring take?

A: The processing time can vary depending on several factors, including the completeness of your documents and the volume of applications being processed. It’s best to ask Pag-IBIG Fund for an estimated timeline.

2. Will restructuring my loan affect my credit score?

A: Successfully restructuring a loan and adhering to the new payment schedule can help borrowers maintain a good credit standing.

3. What happens if I fail to meet the repayment terms of the restructured loan?

A: Failure to meet the repayment terms may result in penalties or even foreclosure of your property. It’s important to understand the terms of your restructured loan and ensure you can meet them.

4. Can I still avail other loans from Pag-IBIG Fund after loan restructuring?

A: This can vary depending on the terms of your restructured loan and Pag-IBIG Fund’s policies. It’s best to contact Pag-IBIG directly for this information.

5. Can I reapply for loan restructuring if my first application was denied?

A: Yes, you may reapply, but it’s crucial to understand why your first application was denied so you can address these issues in your subsequent application.

6. What is a Contract-to-Sell (CTS) in the context of this program?

A: A CTS is a contract between a buyer and seller of a property where ownership of the property is transferred once the buyer has fulfilled the conditions of the contract. If your CTS is cancelled, you’re not eligible for this program.

7. What is the role of the Lingkod Pag-IBIG personnel in the loan restructuring process?

A: Lingkod Pag-IBIG personnel are there to guide you through the application process, review and encode your application, generate necessary forms, and notify you of your application status.

Also read: List of Pag-IBIG Branches and Offices in Cebu


The Pag-IBIG Housing Loan Restructuring Program is an initiative that aims to help homeowners who are struggling to repay their loans due to financial difficulties. This program offers eligible borrowers the opportunity to restructure their existing loans by extending their payment terms and lowering their interest rates. Through this program, borrowers can reduce their monthly loan payments, giving them more financial flexibility.

The Pag-IBIG Housing Loan Restructuring Program also provides a chance for delinquent borrowers to catch up on their payments and avoid foreclosure. This program demonstrates Pag-IBIG’s commitment to ensuring that every Filipino has access to affordable and quality housing.

Contact Information

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Hi, I am Laika and I am a full-blooded Cebuana, born and raised in Toledo City, Cebu. A mother of 2 girls. I love spending time with my family, watching movies and exploring the beauty of nature. For collabs, email me at

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