List of Qualifications for Pag-IBIG Cash Loan Offer Application
QUALIFICATIONS PAG-IBIG CASH LOAN – Here is a guide on who are qualified to apply for the Multi-Purpose Loan offer of Pag-IBIG Fund.
Are you a member of Pag-IBIG Fund and you are currently in need of money? You may turn to the government agency for a cash loan. It has the Multi-Purpose Loan offer or also called MPL. Under it, you can borrow a huge amount. Check on the loan details below.
Under the Multi-Purpose Loan offer of Pag-IBIG Fund, you can borrow up to 80% of your savings. For example, you total savings is P100,000, you can borrow up to P80,000 to address your financial needs. The interest rate is at 10.5% per annum.
What are the qualifications for Pag-IBIG Cash Loan offer? To be qualified, the member-borrower must:
- have posted at least twenty-four (24) monthly membership savings
- have an active membership
- have posted at least one (1) monthly membership savings within the last six (6) months prior to the date of the loan application
- have no loan in default status
- present a proof of income
The proof of income is included in the documentary requirements for Pag-IBIG Cash Loan. The lists of documents that applicants must submit vary depending on the member-borrower’s source of income – whether you are locally employed, self-employed, or an overseas Filipino worker (OFW).
Do you want to check on the documents that you need to prepare in applying for the loan offer? Feel free to visit – Pag-IBIG Cash Loan Requirements: Full List of Documents You Must Submit in Applying.
You might also like to check on the other loans offered by Pag-IBIG Fund to its eligible members. You may visit – PAG-IBIG FUND LOANS – Full List of Loans Offered By Pag-IBIG Fund.