Guide on Pag-IBIG Cash Loan Requirements for Application
PAG-IBIG CASH LOAN REQUIREMENTS – Overseas Filipino Worker (OFW) members of the Pag-IBIG Fund may qualify to apply for the multi-purpose loan offer.
Are you an overseas Filipino worker (OFW) who is in need of some extra cash? If you are a member of the Pag-IBIG Fund, you may turn to the Multi-Purpose Loan offer of the state entity or also popularly called MPL.
The Pag-IBIG Multi-Purpose Loan is open not only for the locally-employed and self-employed members of the state entity but as well as the overseas Filipino workers (OFWs). You may apply for it to make personal purchases, to host an event, to travel, and a lot more.
Who are qualified for the Pag-IBIG Multi-Purpose Loan offer of the Fund? In applying for the loan offer, here are the qualifications that a member must meet to be eligible to apply for the loan:
- in active membership by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application
- at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings program
- has no Pag-IBIG Housing Loan, MPL and/or Calamity Loan in default
- reliable source of income
To apply for the Pag-IBIG Multi-Purpose Loan offer, there is a specific set of documentary requirements set for application in the case of OFWs. Here are the Pag-IBIG cash loan requirements from OFW members who want to apply for the loan offer:
- 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
- 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
With regards to the process for the Pag-IBIG Cash Loan application, there are options thus OFW members may still apply even if you are in abroad.