Guide on Pag-IBIG Cash Loan Application for Qualified Members
PAG-IBIG CASH LOAN 2025 – You can check here the options in applying for the Multi-Purpose Loan offer of the Pag-IBIG Fund.
Are you one of the members of the Pag-IBIG Fund? While the government institution is most popular for the Pag-IBIG Housing Loan offer, it is best to know that it also has a multi-purpose loan that can assist members in their multiple financial needs.
The Pag-IBIG Multi-Purpose Loan, also called MPL, is a cash loan offer of the Fund that is the most flexible one with it comes to loan purposes. A qualified member may apply for the loan offer to finance any of the following:
- Medical expenses;
- Minor home improvement;
- Capital for a small business;
- Tuition fee and other education-related expenses;
- Purchase of furniture, appliances or electronic gadgets;
- Payment of utility and credit card bills;
- Vacation and travel;
- Special events;
- Car repair; or
- Other needs
Under the loan offer, the Pag-IBIG cash loan amount that is open for borrowing may vary depending on the total contributions posted by the member. A qualified member can borrow up to an equivalent of 80% of his/her Pag-IBIG Regular Savings under the offer.
The borrowed amount is payable within three (3) years or up to a maximum of 36 monthly installments. With regards to the Pag-IBIG Cash Loan interest, it is one of the lowest in the market and is applied on a diminishing principal balance.
In applying for the loan offer, the requirements that a member must submit depends if he or she is a local employee, a self-employed member, or an overseas Filipino worker. Here is a guide on the documents required by the Fund for application:
The Pag-IBIG cash loan application can be done in either of the two (2) option — online or over-the-counter. Here is a guide in applying for the loan offer.
Option 1 — Online via Virtual Pag-IBIG
- Log in to Virtual Pag-IBIG and upload your duly-accomplished Pag-IBIG Multi-Purpose Loan and your proof of income.
Option 1 — Over-the-Counter
- Prepare the documents required by the Fund for application depending if you are employed, self-employed, or an overseas Filipino worker. Go to a branch of the Fund and submit your requirements for the Pag-IBIG cash loan application.
The Pag-IBIG Fund allows loan renewal under the Multi-Purpose Loan offer. However, a member should have paid at least six (6) monthly amortizations of the existing MPL account and must meet the qualifications in applying for the Pag-IBIG loan offer.
Aside from the loans that the Fund offers, it also has a savings program — the Pag-IBIG MP2 Savings.