Pag-IBIG Cash Loan Loanable Amounts 2024 — Here’s How Much Members May Borrow

Guide on Pag-IBIG Cash Loan Loanable Amounts 2024 for Qualified Members

PAG-IBIG CASH LOAN LOANABLE AMOUNTS 2024 – Here is a guide on how much members of the Pag-IBIG Fund may borrow under the multi-purpose cash loan offer.

Are you looking for a cash loan offer? If you are a member of the Pag-IBIG Fund, you may turn to the Multi-Purpose Loan offer of the government office.

There are several Pag-IBIG Loans for the members of the government agency. It is most popular for its Housing Loan offer but it also has the Pag-IBIG Calamity Loan and the Pag-IBIG Multi-Purpose cash loan for members. Under the latter, a qualified member may borrow to finance any of the following purposes:

• Medical expenses;
• Minor home improvement;
• Capital for a small business;
• Tuition fee and other education-related expenses;
• Purchase of furniture, appliances or electronic gadgets;
• Payment of utility and credit card bills;
• Vacation and travel;
• Special events;
• Car repair; or
• Other needs

Who are qualified to apply for the Pag-IBIG cash loan offer? Here are the eligibility requirements set by the government agency under its loan offer:

• has posted at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings program
• with active membership, by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application
• if with an existing Pag-IBIG Housing Loan, MPL and/or Calamity Loan, the account/s must not be in default
• has a source of income

According to the Fund, with regards to the Pag-IBIG cash loan loanable amounts, a qualified member is allowed to borrow up to 80% of your total Regular Savings in the government agency. It includes the monthly contributions of the member-borrower, his/her employer’s share, and the accumulated dividends earned.

Thus, if your total Regular Savings is Php 10,000, your Pag-IBIG cash loan loanable amounts is up to Php 8,000 which is 80% of the total savings.

In applying for the loan offer, prepare the documentary requirements for the Pag-IBIG cash loan application. Make sure to have the original copies of all the documents required by the Fund for the application.