Guide on Pag-IBIG Cash Loan – How Much You May Borrow
PAG-IBIG CASH LOAN – Are you wondering about the minimum and maximum loanable amounts under this Pag-IBIG Fund loan offer?
In the Philippines, there are several government agencies that offer loans in the pursuit to assist its members during times of financial needs. One of these is Pag-IBIG Fund.
Before, Pag-IBIG Fund is popular for its housing loan offers. It remains its most famous offer until now as it has helped thousands of Filipino families achieve affordable housing. Meanwhile, the government agency also has several other loan offers.
One of the offers of Pag-IBIG Fund is the Pag-IBIG Cash Loan or Multi-Purpose Loan offer. It is also known as MPL Loan.
How much you may borrow under Pag-IBIG Cash Loan? The government agency has not stated the minimum loanable amount but it posted the maximum amount that members may borrow under this loan offer.
According to Pag-IBIG Fund, a member may borrow up to 80% of his or her Pag-IBIG Regular Savings. For example, if your total savings in the fund is P10,000, you may borrow up to P8,000 under the MPL loan offer.
You may apply for this loan offer online. To apply, you must prepare the following documents that are needed in the application:
- scanned copy of one (1) valid ID
- a photo or scanned copy of the duly-accomplished Pag-IBIG Loan Application Form
- a selfie photo showing your ID card or cash card
- cash card (Asia United Bank or AUB Loyalty Card Plus, UnionBank of the Philippines Loyalty Card, Landbank of the Philippines Cash Card, or United Coconut Planters Bank or UCPB Cash Card)
For a guide on the online application to Pag-IBIG Fund, you may visit – Pag-IBIG Cash Loan Online Application – List of Requirements To Prepare
The Pag-IBIG Fund has several other loan offers for its members. You may visit – PAG-IBIG FUND LOANS – Full List of Loans Offered By Pag-IBIG Fund.
please tell me more..I am an OFW
ived already claimed 240 contribution thru lumpsum. how can i claim the remaining contri/savings. i got no work or job anymore coz of my health condition. in short got an early retirement from my employer. pls check my mdmf #. 1070-0239-9929
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