Guide on Pag-IBIG MPL Cash Loan Qualifications for Application
PAG-IBIG MPL CASH LOAN – Here is a guide on who are qualified to apply for the multi-purpose cash loan offer of Pag-IBIG Fund.
In the Philippines, there are several entities that you can turn to for loan offers. Among these entities are government agencies like the Pag-IBIG Fund which has gained popularity with its housing loan offers that has helped a lot of Filipinos get a residential property.
Meanwhile, nowadays, the housing loans are not the only loan offers of the government agency. It also offers a cash loan – the multi-purpose cash loan or the Pag-IBIG MPL Cash Loan offer. It serves several purposes.
Who are qualified to apply for Pag-IBIG MPL Cash Loan? To be eligible to apply for this loan offer, the applicant-borrower must:
- have paid at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings program;
- be having an active membership
- have at least one (1) monthly membership savings within the last six (6) months prior to the date of the loan application
- having a proof of income
According to Pag-IBIG Fund, in case the borrower-applicant has an existing Pag-IBIG Calamity, MPL, or Housing Loan, the loan account must not be in default.
Do you want to apply to the said Pag-IBIG Fund loan offer? You may visit a branch of the government agency nearest to you. The requirements are on a case-to-case basis depending on the source of income of the borrower-applicant.
Aside from the over-the-counter loan application, you may also apply for this loan offer online. You may visit Virtual Pag-IBIG for the online loan application.
Pag-IBIG Fund has several other loan offers. To check on them, feel free to visit – PAG-IBIG FUND LOANS – Full List of Loans Offered By Pag-IBIG Fund.
