Guide on Pag-IBIG Multi-Purpose Loan Requirements 2025 for Application
PAG-IBIG MULTI-PURPOSE LOAN REQUIREMENTS 2025 – Here are the documents that self-employed members of the Fund must comply to apply.
Nowadays, there are several options that you can turn to if you want to prepare better for the future. One of these excellent moves is to maintain an active membership to loan-providing entities that can assist you in times of financial needs.
In the Philippines, aside from the Government Service Insurance System (GSIS) and the Social Security System (SSS)In the Philippines, another state entity that you may turn to is the Pag-IBIG Fund. It is operating in the country for several decades already and has helped countless members through its many different Pag-IBIG loans.
The Fund has several loan offers. Aside from the Pag-IBIG Housing Loan that it is most popular of, it also has the Pag-IBIG Multi-Purpose Loan or the MPL that was designed to provide for the short-term needs of the members.
If you have an access to a Multi-Purpose Loan offer, you have something to turn to most especially when unforeseen financial needs cross the surface. The loan proceeds can be used for the car repair, travel, hosting an event, boosting the business capital, etc.
How to apply for the offer? It is important to secure the Pag-IBIG Multi-Purpose Loan requirements for application. These include both the qualifications that a member should meet as well as the documents required by the Fund in applying for the loan offer.
The Pag-IBIG MPL is open not only for the salaried members but as well as the self-employed members of the Fund. Here are the qualifications in applying 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
With regards to the documents required by the Fund in applying for the loan offer, here are the Pag-IBIG Multi-Purpose Loan requirements for application:
- 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
The Fund requires a proof of income from member-borrowers. Self-employed members who want to apply for the loan offer may submit any of the following:
- photocopy of Income Tax Return (ITR) and Official Receipt of tax payment from bank supported with DTI Registrant and Mayor’s Permit or Business Permit
- original copy of bank statements or passbook for the last 12 months
- original copy of Commission Vouchers indicating the name and contact details of the issuer
- original copy of Certified True Copy of Transport Franchise
- original copy of the Notarized Affidavit of Income
- original copy of the Certificate of Engagement issued by the business owner
The Pag-IBIG Fund also has many other loans that members may apply for.