Guide on How To Apply for Pag-IBIG Cash Loan Offer Online for Eligible Members
APPLY FOR PAG-IBIG CASH LOAN ONLINE – Here is a guide on how to apply for Pag-IBIG Fund Multi-Purpose Loan offer online.
Pag-IBIG Fund is one of the biggest government agencies in the Philippines and it has millions of members across the nation. Members of the agency post monthly contributions as savings to their accounts. In turn, they enjoy certain benefits such as loan offers. One of the loan offers is the Pag-IBIG cash loan offer Multi-Purpose Loan or MPL.
The Qualifications. There are eligibility requirements in applying for the Multi-Purpose Loan (MPL) offer of Pag-IBIG Fund. To be eligible to apply, the member-borrower must:
- have posted at least 24 monthly savings in his or her Pag-IBIG Regular Savings program account
- be an active member of Pag-IBIG Fund, meaning the member-borrower must have posted at least one (1) monthly membership savings within the last six (6) months prior to the date of the loan application
- be having a stable source of income
- have a clean Pag-IBIG loan records
Do you want to know how much you may borrow under this loan offer? To check on a guide over the loanable amount, feel free to visit – Pag-IBIG Cash Loan: Minimum & Maximum Loanable Amounts under this Offer.
The loan offer is open for both employed and self-employed members of the government agency. The requirements differ depending if the applicant is employed or self-employed. To check on the documents that you need to prepare in applying, feel free to visit:
- For employed member-borrowers, you may visit – Pag-IBIG Salary Loan Requirements for Application If You Are Employed.
- For self-employed member-borrowers, you may visit – Pag-IBIG Salary Loan Requirements for Application If You Are Self-Employed.
How to apply for the Pag-IBIG Cash Loan offer online? You can make your application at Virtual Pag-IBIG. It was built by the government agency to reach more members as there are a lot that avails their services daily.
To apply for Pag-IBIG Cash Loan online, you need to upload your duly-accomplished Pag-IBIG MPL Form and requirements. You may also apply by completing the online application form. The latter is open for members who are enrolled under the Virtual Pag-IBIG for employers.
Aside from the MPL, Pag-IBIG Fund has another loan offer, the Housing Loan which it is popular of. To check on this loan offer, you may visit – Apply Pag-IBIG Housing Loan: Steps in the Application Process & Requirements.