Pag-IBIG Cash Loan Online Application 2024 — A Guide for Members

Steps on Pag-IBIG Cash Loan Online Application 2024 for Members

PAG-IBIG CASH LOAN ONLINE APPLICATION 2024 – Here are the steps in applying for the multi-purpose loan offer via Virtual Pag-IBIG.

In the Philippines, if you are a Pag-IBIG Fund member, you have several loan offers that you can turn to in times of financial needs. Thus, there is a huge advantage in maintaining an updated account to the government office.

One of the Pag-IBIG loans that the members of the Fund may qualify for is the Multi-Purpose Loan offer. Also called MPL, this Pag-IBIG cash loan 2024 was designed to help meet the short-term financial needs of the member.

Who are qualified to apply for the loan offer? Here are the qualifications set by the bank for a member to be eligible for the loan application:

• 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

The Pag-IBIG loan offer can finance several purposes. It is the offer with the most flexible purpose as it can finance any of the following:

• 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

How much is loanable under the offer? There are no fixed Pag-IBIG cash loan loanable amounts but the Fund has posted the maximum range percentage. The basis includes the contributions of the members, his/her employer’s contributions, and the dividends earned.

The interest rate under the Pag-IBIG cash loan is implemented in an annual basis. The loan is payable for up to three (3) years.

You can go for a Pag-IBIG cash loan online application. This is most beneficial for members who are in need of a financial solution but cannot be absent from work to apply for the loan offer over-the-counter.

Here are the easy steps for the Pag-IBIG cash loan online application process:

• Step 1 — Go to Virtual Pag-IBIG. Log in to your account.

• Step 2 — Click or Tap “Apply for and Manage Loans”.

• Step 3 — Click or Tap “Multi-Purpose Loan”. Accomplish the form and upload scanned copies of your documentary requirements.

• Step 4 — Wait for an update from the Fund on the result of your loan application.