Guide on Pag-IBIG Multi-Purpose Loan, SSS Salary Loan & GSIS MPL Offers for Qualified Members
You can check here the important details about the Pag-IBIG Multi-Purpose Loan offer, the SSS Salary Loan, and the GSIS MPL or Multi-Purpose Loan.
In the Philippines, there are government entities that have offers that are exclusive for their members. Among these are the Pag-IBIG Fund, the Social Security System (SSS), and the Government Service Insurance System (GSIS).
The SSS and GSIS are state-run social insurance institutions while the Pag-IBIG Fund was designed to help the Filipino people, most especially the poor, have access to affordable means to have their own house.
Employees of the government are mandated to maintain active memberships to the GSIS and the Pag-IBIG Fund. The employees of companies and businesses in the private sector are mandated to maintain active memberships to SSS and the Pag-IBIG Fund.
Meanwhile, in the case of self-employed individuals, overseas Filipino workers, and household employers, they may apply for a membership to the Social Security System. The state-run social insurance entity has opened its doors for voluntary memberships that include the membership of the non-working spouses of SSS members.
The Pag-IBIG Fund, the Social Security System, and the Government Service Insurance System all have multi-purpose loan offers that are open for their members such as the following:
- Pag-IBIG Multi-Purpose Loan or MPL
- SSS Salary Loan
- GSIS Multi-Purpose Loan or GSIS MPL
The Pag-IBIG MPL, the SSS Salary Loan, and the GSIS MPL come with different eligibility requirements for application, loanable amounts, interest rates, loan terms, and documentary requirements.
It is best to check the offers one-by-one. Let us begin with the MPL offer of the Pag-IBIG Fund as most GSIS and SSS members are also in the pursuit of maintaining active memberships to the Fund.
