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Guidelines
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Can I qualify for a PHIL loan?
As long as you own and occupy your Philadelphia home and meet the lender’s creditworthiness requirements, you are eligible for a PHIL loan. Interest rates will vary depending on your household size and household income, as outlined in the chart at right. For example, if you have three people in your household, and your combined household income is $84,410 or less per year, your interest rate would be 3%.
Use the Payment Calculator to determine what your approximate monthly payment would be
- Payday loans in
philadelphia.
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Household
Size |
Maximum Annual Household Income |
3% Loan |
5% Loan |
1 |
$65,665 |
Unlimited |
2 |
$74,980 |
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3 |
$84,410 |
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4 |
$93,725 |
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5 |
$101,315 |
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6 |
$108,790 |
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7 |
$116,265 |
Unlimited |
8+ |
$123,740 |
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Income guidelines subject to change
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