Affordable House and Lot: Pag IBIG’s Special Housing Loan Restructuring Program 2


A special housing loan restructuring program was offered last year by the Pag-IBIG Fund, the government tried to assist struggling Filipino families amidst the pandemic and giving them a more reasonable amortization and a reduced penalty that is included in this program, that provided 6 months of payment relief for their house and lot. This gives us an idea as to what they offer as for the Special Housing Loan Restructuring 2 or SHLR2 it is still under the special program of Pag-IBIG Fund this pandemic season and is being offered to all those Pag-IBIG Housing Loan borrowers and installment purchases who missed their payments for more than 3 months and whose accounts have not yet been repossessed or terminated. Hence, they would be able to keep their homes and prevent foreclosure or other consequences caused by missed monthly amortizations or unpaid monthly amortization.

Read: A Step-by-Step Guide to Applying for A Pag Ibig Housing Loan

Qualifications for Pag-IBIG Housing Loan borrowers for Special Loan Restructuring 2 

           Special Housing and Loan Restructuring is available to all Pag-IBIG Housing Loan borrowers who have missed 3 or more months of payment, granted that their account hasn’t been terminated or their house has not been foreclosed yet. Aside from the fact that you have to be an active member, there must be monthly savings or contribution from the borrower within 6 months prior to their application in the program. 

Benefits from the Special Loan Restructuring 2 Program

           Housing loans and borrowers that purchased installments through the special housing loan restructuring 2 program can now prolong the length of their loans, update their accounts and decrease their monthly amortizations by applying for Special Loan Restructuring 2. Furthermore, their homes will not be repossessed or canceled if their loans are amended. In turn, they would be able to apply for other Pag-IBIG loan programs since it will permit them to be a valued member with their good standing. Overall, home loan borrowers and installment purchases won’t be charged for any of their late payments as a result of any missing fees. Pag-IBIG Funds keeps its interest rates low and uses a Full Risk-Based Pricing Framework to properly set its property loan rates. Prevailing interest rates should be retained within the remaining subsidized period after which the interest will be based on the chosen repricing period following the Full Risk-Based Pricing Framework.

Read: Pag-IBIG Housing Loan vs. Bank Housing Loan

How to apply in the Special Loan Restructuring 2 Program

1. Through Virtual Pag-IBIG

Apply online and create your virtual pag ibig account at The benefit of this is that you can do it anytime and anywhere. All you will need is a clear picture of your legal identity card and a selfie shot with the above-mentioned card will be needed for your online application through Virtual Pag-IBIG. 

2. Pag-IBIG Fund Branch

These are for those loan accounts who have been endorsed for foreclosure but haven’t repossessed or canceled and could also be handled at the closest Pag-IBIG Fund branch. Special Loan Restructuring 2 applications will be cut only until the end of the year so make sure you’ve sent your application as soon as you’ve finished with the requirements so that they can get started on working to keep your account up-to-date. 

How do I know if my application has been approved?

Pag-IBIG Fund will send you a notification once your application has been approved, it is usually through your registered email address or phone number that you’ve provided them. The Virtual Pag-IBIG online account allows you to track the progress of your application in real-time.

           In this program, you are given the opportunity to renegotiate the terms of your restructured loan agreement and make it a lot easier for you to pay your Pag-IBIG Fund Housing Loan Restruct. 

Read: How To Avail The PAG-IBIG Home Savers Program

Bria Homes Through Pag-IBIG Loan Restructuring 2 Program

           This is a special offer only until the end of the year only. Applying to the Special Loan Restructuring 2 would allow you to waive penalties and payments for amortizations. This will also help you in avoiding foreclosure or cancellation, extending the payment terms, and lowering monthly payments. 

           Acquiring this mode of payment as you purchase a home, townhouse, or condominium in Bria homes through Pag-IBIG Funds would surely be a great advantage while you’re paying for the property. Bria homes is a great investment and a brilliant choice when purchasing a property, not only is it safer for families and people in general because of the 24/7 security and a gated community, it is also packed with amenities like a covered court, park, playground, and a pool. Along with the stylish decor of the properties with a very modern touch in design, they’re also built to last very long and stormy weather. Speaking of which is being accounted for when setting up a gated community such as Bria homes, they carefully pinpoint the best locations to build a community and sell it at an affordable price with your money’s worth. It is conveniently located near major highways and close to groceries, schools, and other relevant places that you usually visit like the mall, parks, leisure places and worship places. 

           Living the life you’ve always dreamed of can come true if you decide in purchasing a property in Bria homes, there are lots of benefits that you can get with this purchase, it would boost your morale since you would be feeling hyped up in getting a really good deal in your house for such an affordable cost without cashing out too much of your savings on your dream. This would also encourage you to engage with neighbors and build meaningful relationships with people who have the same interests and mindset as you do. This comfortable living is not far from what you’d expect, as mentioned above, there is a Pag-IBIG housing loan restructuring that could lessen the cost even more, with additional advantages as we’ve discussed, and there’s more where that came from since it is a special deal that only lasts until December 31, 2021. The great thing about the Pag-IBIG Loan is that you can use them to finance not only your house and lot but your home improvement as well. It will allow you to borrow a maximum loanable amount of 6 million with interest rates anywhere between 5.5%- 10%. Though this is still dependable on the member’s capacity to repay these.

Read: OFWs Guide to Pag-Ibig Housing Loan in the Philippines

Read: Pag-Ibig Housing Loan Guide

           People are more likely to be attracted to properties with the best location, in line with this, Condos of Bria homes are strategically built at the heart of the city. There is extreme convenience and availability since it is what condos are designed for. Besides this Bria condo ensures a luxurious and healthy lifestyle with exclusive facilities like fitness gyms, clubhouses, function halls, and even a shopping center. Bria condos are definitely an investment, buyers who plan to invest in condos are choosing wisely when deciding to buy an asset that is both rising in value and as well as demand. In life today, condo living promises quality of life whilst in an urban setting, something that is surely a money’s worth. To ensure that you’ll be able to enjoy your stay, make sure you do a background check or even visit the condominium before you decide to purchase it, for you to get the whole experience of the purchase, you must also screen the place if it is a deal maker or breaker.

Written by Aaron Cruz