Guide on the Pag-IBIG Personal Cash Loan Loan Requirements for Application
PAG-IBIG PERSONAL CASH LOAN REQUIREMENTS – Here are the requirements for employed members of Pag-IBIG Fund who want to apply for the Multi-Purpose Loan (MPL) offer.
Are you a member of the Pag-IBIG Fund? It is one of the biggest government agencies in the country and many Filipinos are members of the said agency. They contribute monthly to their Pag-IBIG Regular Savings and their accumulated contributions can qualify them to the benefits and loan offers of the agency.
One of the government agencies in the Philippines that offer loans is the Pag-IBIG Fund. In fact, it is one of those that many people turn to because of its flexible loan term that could extend up to 30 years depending on the type of loan you applied for. If you are in need of cash to be used in several purposes, you may turn to Pag-IBIG Multi-Purpose Loan (MPL) offer.
Pag-IBIG Salary Loan
Members of the Pag-IBIG Fund have multiple loan offers to turn to as long as you have an active account and you have been posting monthly contributions for at least more than a year now. One of the loan offers is the Multi-Purpose Loan (MPL), a cash loan offer that was crafted to address the short-term needs of members. You may apply for it to make a huge purchase, expand your business, travel, etc.
How much you may borrow under Pag-IBIG Salary Loan?
The amount that members may borrow vary depending on the total Pag-IBIG Regular Savings of the borrower. Meanwhile, the government agency makes it clear with regards to the limit. For the details on the range of the loanable amounts, you may visit – Pag-IBIG Cash Loan: Minimum & Maximum Loanable Amounts under this Offer.
Pag-IBIG Salary Loan Requirements for Application
If you are an employed member of the Pag-IBIG Fund, prepare the following requirements for your Pag-IBIG Cash Loan application:
- duly-accomplished and signed Multi-Purpose Loan Application Form
- one (1) photocopy of valid ID acceptable to the Fund
- proof of income:
- “The “Certificate of Net Pay” portion at the back of the application form must be accomplished by the employer or submit photocopy of one (1) month latest payslip duly authenticated by the company’s authorized signatory”
To apply for the loan offer of Pag-IBIG, submit your documents for the processing and wait for an update from the government agency regarding your loan application.
You may also visit – PAG-IBIG CASH LOAN RENEWAL – When Can I Renew My MPL Loan