Pag-IBIG Cash Loan Interest Rate 2024 — A Guide for Members

Details about the Pag-IBIG Cash Loan Interest Rate 2024 Implemented by Government Agency

PAG-IBIG CASH LOAN INTEREST RATE 2024 – Here is a guide for the Pag-IBIG Fund members on the interest implemented under its multi-purpose cash loan offer.

Millions of Pinoys composed of locally-employed individuals, self-employed individuals, and overseas Filipino workers (OFWs) are members of the Pag-IBIG Fund. Thus, they have access to several loans offered by the government office.

Pag-IBIG Fund

Aside from the Pag-IBIG Calamity Loan that the members can turn to in times of natural disasters, also one of the Pag-IBIG loans is the Multi-Purpose Loan, a cash loan offer that can serve several purposes.

Pag-IBIG Cash Loan Interest Rate 2024
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A Pag-IBIG Fund member may apply for the cash loan offer to fund 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

Are you wondering how much a member may borrow under the cash loan offer? The Pag-IBIG cash loan loanable amounts depend on the regular savings of the member-borrower but the Fund has generously posted the maximum limit of how much a member may borrow under the offer.

On the Pag-IBIG cash loan interest rate, it is at 10.5% per annum. The loan is payable for up to 36 monthly installments.

The Pag-IBIG cash loan interest rate applies until the loan is fully-paid. The advantage is that a part of the income of the Fund from the interest of loans is returned to the members as their dividends.

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

  • 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

Are you interested to apply for the loan offer? Prepare the original copies of all the requirements for the Pag-IBIG cash loan application.

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