Lists of Pag-IBIG Loans Requirements under the Housing, Calamity & MPL Offers
PAG-IBIG LOANS REQUIREMENTS – Listed here are the documents required by the Pag-IBIG Fund in applying for its loan offers.
Aside from the Government Service Insurance System (GSIS) and the Social Security System (SSS), another government entity with millions of members from across the nation is the Pag-IBIG Fund. Most of its member populace are employees in the private and public sectors where a Pag-IBIG membership is mandated.
Employers in the public and private sectors mandate their employees to maintain active Pag-IBIG accounts to widen their resources most especially during financially-challenging instances just like when natural disasters hit a place. The Fund has also opened its doors for membership of the overseas Filipino workers (OFW).
What are the benefits in maintaining an active account to the Pag-IBIG Fund? By regularly posting Pag-IBIG contribution, a member may qualify to the loans provided by the government agency which includes the Housing, Multi-Purpose, and Calamity Loans.
There are varying Pag-IBIG loans requirements for application. Here is a guide on the qualifications set under each offer as well as the documents required in applying for a loan:
Pag-IBIG Housing Loan
The Pag-IBIG Housing Loan is undeniably the most sought-after loans when it comes to the offers of the Fund. It provides the financing of a residential property purchase, a house construction, a home renovation, and a home loan take-out. Here are the qualifications and the documents required by the Fund in applying for the loan offer:
Eligibility Requirements:
- active Pag-IBIG Fund member with at least 24 months savings
- legal capacity to acquire or encumber a real property
- not more than 65 years of age upon the loan application and not more than 70 years of age upon the loan maturity
- no Pag-IBIG housing loan cancelled, foreclosed, voluntarily surrendered, or bought back
- payment must be updated if with existing housing loan or short term loan accounts
Documentary Requirements:
- two (2) copies of the Pag-IBIG Housing Loan Application Form with recent ID photo of borrower/co-borrower (if applicable)
- one (1) valid ID of the applicable parties
- Principal Borrower
- Co-borrower
- Seller
- Developer’s Authorized Representative and Attorney-in-Fact
- Spouses of the parties involved, if applicable
- proof of Income
- If employed, prepare any the following documents:
- Certificate of Employment and Compensation (CEC)
- indicating the gross monthly income and monthly allowances or monthly monetary benefits received by employee
- duly signed by the authorized signatory of the employer
- Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application
- one (1) month payslip, within the last three (3) months prior to date of loan application
- Certificate of Employment and Compensation (CEC)
- If self-employed, prepare any of the following documents:
- Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
- ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
- Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
- Bank Statements or passbook for the last 12 months
- Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs)
- Certificate of Engagement issued by owner of business
- If overseas Filipino worker (OFW), prepare any of the following:
- Employment Contract
- Employment Contract between employee and employer or POEA Standard Contract
- Notarized Certificate of Employment and Compensation (CEC)
- CEC written on the Employer/Company’s official letterhead or CEC signed by employer
- Employment Contract
- If employed, prepare any the following documents:
For Residential Property Acquisition:
- Transfer Certificate of Title (TCT)
- Updated Tax Declaration (House and Lot)
- Updated Real Estate Tax Receipt
- Contract-to-Sell or smiliar agreement between buyer and seller
- Vicinity Map/Sketch Map
For House Construction:
- Updated Tax Declaration (House and Lot)
- Updated Real Estate Tax Receipt (photocopy)
- Building Plans, Specification with Bill of Metrials duly signed by the Licensed Civil Engineer or Architect
- Vicinity Map/Sketch of the Property
For Refinancing:
- Transfer Certificate of Title (TCT)
- Updated Tax Declaration
- Updated Real Estate Tax Receipt (photocopy)
- Latest Statement of Account on Outstanding Loan Balance duly signed by the Manager or the account officer, together with any of the following:
- Official receipt (or any valid proof of payment) for the past 6 months
- Subsidiary Ledger
- Vicinity Map/Sketch of the Property
Pag-IBIG Multi-Purpose Loan
The Pag-IBIG Fund also has a multi-purpose cash loan offer, the Pag-IBIG Multi-Purpose Loan. It was designed to help meet the short-term financial needs of qualified members. Here are the eligibility and documentary requirements under the offer:
Eligibility Requirements:
- have posted at least 24 monthly savings under the Pag-IBIG Regular Savings Program
- active membership to Pag-IBIG Fund with at least one (1) monthly membership savings within the last six (6) months prior to the date of the loan application
- have proof of income
Documentary Requirements:
- If Employed
- duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
- photocopy of one (1) valid ID
- 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
- duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
- photocopy of one (1) valid ID
- proof of income (any of the following):
- 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 Overseas Filipino Worker (OFW)
- duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
- photocopy of one (1) valid ID
- proof of income (any of the following):
- 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
- Employment Contract
Pag-IBIG Calamity Loan
In times of natural disasters like when a typhoon or earthquake has hit a member’s place leaving it under a State of Calamity, he/she may apply for the Pag-IBIG Calamity Loan. It was designed to help members recover from the impacts of the natural disaster. Here are the Pag-IBIG loan requirements under the offer:
Eligibility Requirements:
- at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings
- active membership, by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application
Documentary Requirements:
- Accomplished Pag-IBIG Calamity Loan Form 2023[1]
- Pag-IBIG Loyalty Card
- At least two valid IDs
- Proof of income
- Selfie showing your cash card and ID card
- Declaration of being affected by the calamity (for formally employed members)