Guide on Pag-IBIG Fund Multi-Purpose Loan Application Process
PAG-IBIG FUND MULTI-PURPOSE LOAN – You can check the guide below in applying for the MPL offer of the Pag-IBIG Fund.
Pag-IBIG, one of the biggest government agencies in the Philippines, does not only offer a Housing Loan and Calamity Loan but also a cash loan. Its cash loan offer is the Multi-Purpose Loan or also called as the MPL.
The Multi-Purpose Loan is open for members who have posted a total of at least 24 monthly contributions. You can check the guide below for the details about the offer.
Do you want to know how much you may borrow under the MPL? Feel free to visit — Pag-IBIG Cash Loan Requirements: Full List of Documents You Must Submit in Applying.
How to apply for the Pag-IBIG Fund Multi-Purpose Loan?
STEP 1
Submit accomplished Multi-Purpose Loan Application Form and required supporting documents such as the following:
If you are employed:
- a duly-accomplished and signed Multi-Purpose Loan Application Form
- one (1) photocopy of valid ID acceptable to the Fund
- “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”
If you are self-employed:
- a duly-accomplished and signed Multi-Purpose Loan Application Form
- one (1) photocopy of valid ID acceptable to the Fund
- any of the following proof of income:
- original copy of Notarized Affidavit of Income; original copy of Bank Statements or passbook for the last 12 months;
- original copy of Certificate of Engagement issued by the owner of business;
- Certified True Copy of Transport Franchise issued by appropriate government agency (original);
- photocopy of Income Tax Return (ITR), Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registrant and Mayor’s Permit/Business Permit; or
- original copy of Commission Vouchers reflecting the issuer’s name and contact details
If you are an OFW:
- a duly-accomplished and signed Multi-Purpose Loan Application Form
- one (1) photocopy of valid ID acceptable to the Fund
- any of the following proof of income:
- Employment Contract;
- Certificate of Employment and Compensation (CEC); or
- Income Tax Return (ITR) with Host Country or Government
STEP 2
Get STL Acknowledgement Receipt (HQP-SLF-121).
STEP 3
On scheduled date, get loan proceeds.
You may also visit — PAG-IBIG FUND LOANS – Full List of Loans Offered By Pag-IBIG Fund