Requirements for Pag-IBIG Cash Loan 2023 Application Process

Guide on the Requirements for Pag-IBIG Cash Loan 2023 You Must Prepare for Application

REQUIREMENTS FOR PAG-IBIG CASH LOAN 2023 – Here are the documents needed in applying for the cash loan offer of Pag-IBIG Fund.

The major benefit of being a member of the Pag-IBIG Fund with an active and updated account is that you have loan offers that you can turn to in times of need. It can assist you in times of calamities, the need for a residential property, and a lot more.

The Pag-IBIG Fund is most popular for the Pag-IBIG Housing Loan offer which has helped thousands of its members obtain or construct a residential property of their own. Meanwhile, if you have a financial need for other purposes, you may turn to the Multi-Purpose Loan or MPL. It is also called the Pag-IBIG Cash Loan.

The MPL offer is non-collateral. The requirements for the Pag-IBIG Cash Loan 2023 application includes both the eligibility criteria and the documentary requirements. To qualify for the loan offer, the member-borrower must meet the following qualifications:

• be a member of Pag-IBIG Fund
• have posted at least 24 monthly membership savings
• have posted at least one(1) monthly membership savings within the last six(6) months
• submit a proficient information on his or her source of income

With regards to the documentary requirements for Pag-IBIG Cash Loan 2023 application, there are general requirements as well as specific requirements that are proofs of employment. Here’s a guide for applicants:

General Requirements:

• duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
• photocopy of one (1) valid ID such as the following:
  • passport
  • Driver’s License
  • National Bureau of Investigation (NBI) Clearance
  • Professional Regulation Commission (PRC) ID
  • Police Clearance
  • Voter’s ID
  • Postal ID
  • Government Service Insurance System (GSIS) e-Card
  • Senior Citizen Card
  • Barangay Certification or Barangay IDs
  • Social Security System (SSS) Card
  • Overseas Filipino Worker ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • Alien Certification of Registration/Immigrant Certificate of Registration
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Seaman’s Book or Seafarer’s Identification and Record Book (SIRB)
  • Department of Social Welfare and Development (DSWD) Certification
  • Government Office and GOCC ID
  • Integrated Bar of the Philippines ID
  • Company ID
  • Philippine Identification (PhilID) Card

Specific Requirements based on Employment Status:

If employed, prepare the following documents:

• Certificate of Net Pay
  • This portion of your MPL Application Form which is found at the back of the form must be accomplished by your employer; or
• photocopy of one (1) month latest payslip duly authenticated by an authorized signatory of the company

If self-employed, prepare the following documents:

• photocopy of Income Tax Return (ITR) and Official Receipt of tax payment from bank supported with DTI Registrant and Mayor’s Permit or Business Permit
• original copy of bank statements or passbook for the last 12 months
• original copy of Commission Vouchers indicating the name and contact details of the issuer
• original copy of Certified True Copy of Transport Franchise
• original copy of the Notarized Affidavit of Income
• original copy of the Certificate of Engagement issued by the business owner

If you are an overseas Filipino worker (OFW), prepare the following documents:

• Employment Contract
  • photocopy of the Employment Contract between the employee and employer or original copy of the POEA Standard Contract
• Certificate of Employment and Compensation (CEC)
  • CEC written on the Employer; or
  • CEC signed by employer supported by a photocopy of the ID and passport of the employer
• Original copy of Income Tax Return filed with Host Government or Country

Submit your requirements for Pag-IBIG Cash Loan 2023 application to a branch of the government agency nearest to you.