Guide on Pag-IBIG Multi-Purpose Loan Amount for Members
PAG-IBIG MULTI-PURPOSE LOAN AMOUNT 2025 – You can check here the amount that is allowed for borrowing under the cash loan offer of the Fund.
Have you heard about the MPL offer of the Pag-IBIG Fund? Undeniably, the Fund has millions of members composed not only of Filipinos residing in the Philippines but as well as overseas Filipino workers. However, not everyone knows about the MPL offer of the government entity.
The Pag-IBIG Fund is operating in the Philippines for several decades now since 1980. It started operating in the country after the Presidential Decree No. 1752 was passed. It was only after it that it became an independent corporation with its own set of Board of Trustees.
Undeniably, through the years, the most popular offer of the Fund is the Pag-IBIG Housing Loan. Meanwhile, through the years, the Fund continued to expand its loan offers which now include the Pag-IBIG Multi-Purpose Loan. It is a multi-purpose cash loan offer that can fund several situations or purposes.
The Pag-IBIG Multi-Purpose Loan offer is ready to finance minor home improvements, vacation, travel, special events, capital for small businesses, etc. It is open for active members of the Fund whether you are locally-employed, self-employed, or an overseas Filipino worker (OFW).
With regards to the Pag-IBIG Multi-Purpose Loan amount allowed for borrowing, it is equal to 80% of the member-borrower’s total Pag-IBIG Regular Savings. The total savings is composed of the member’s monthly contributions, the employer’s contributions, and the accumulated dividends earned.
For example, if the member-borrower has a total regular savings of Php 20,000, the Pag-IBIG Multi-Purpose Loan amount allowed for borrowing is up to Php 16,000 which is 80% of the total contributions posted by the member.
Aside from checking on the loanable amount under the MPL offer, it is also best to check on the interest rate under the Pag-IBIG Multi-Purpose Loan. The loan is payable within three (3) years.