Guide on Pag-IBIG Cash Loan Requirements for Application
PAG-IBIG CASH LOAN REQUIREMENTS – Locally-employed members of the Pag-IBIG Fund may qualify to apply for the multi-purpose loan offer.
Are you in need of some cash? If you are a member of the Pag-IBIG Fund, you may turn to the Multi-Purpose Loan offer of the government entity. It is also called MPL. The multi-purpose cash loan offer is ready to finance several purposes including travel, purchases, and other personal needs.
Who are qualified to apply for the Multi-Purpose Loan offer of the Pag-IBIG Fund? The loan offer is open for locally-employed and self-employed individuals as well as overseas Filipino workers. There are varying qualifications and Pag-IBIG cash loan requirements for application.
In the case of locally-employed members who want to apply for the Pag-IBIG loan offer, here are the qualifications that you must meet to be eligible to apply for the loan offer:
- in active membership by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application
- at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings program
- has no Pag-IBIG Housing Loan, MPL and/or Calamity Loan in default
- reliable source of income
There is also a unique set of Pag-IBIG Cash Loan requirements in applying for the loan offer. Here are the documents required by the state entity from locally-employed individuals who want to apply for the loan offer:
- duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
- photocopy of one (1) valid ID such as the following:
- passport
- Driver’s License
- National Bureau of Investigation (NBI) Clearance
- Professional Regulation Commission (PRC) ID
- Police Clearance
- Voter’s ID
- Postal ID
- Government Service Insurance System (GSIS) e-Card
- Senior Citizen Card
- Barangay Certification or Barangay IDs
- Social Security System (SSS) Card
- Overseas Filipino Worker ID
- Overseas Workers Welfare Administration (OWWA) ID
- Alien Certification of Registration/Immigrant Certificate of Registration
- Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
- Seaman’s Book or Seafarer’s Identification and Record Book (SIRB)
- Department of Social Welfare and Development (DSWD) Certification
- Government Office and GOCC ID
- Integrated Bar of the Philippines ID
- Company ID
- Philippine Identification (PhilID) Card
- Certificate of Net Pay
- This portion of your MPL Application Form which is found at the back of the form must be accomplished by your employer; or
- photocopy of one (1) month latest payslip duly authenticated by an authorized signatory of the company
There are several options with regards to the Pag-IBIG Fund Cash Loan application that you can choose from.