Guide on Pag-IBIG Cash Loan Requirements You Must Submit To Apply
PAG-IBIG CASH LOAN REQUIREMENTS 2025 – Local employee members of the Fund must submit these documents to apply for the loan offer.
Many Filipinos are members of the Pag-IBIG Fund. It is one of the giants among the state entities in the Philippines that are loan providers. Are you one of the members of the Pag-IBIG Fund?
There is a huge advantage if you are a member of the Pag-IBIG Fund. Because of the loan offers of the state entity, many Filipinos were actually able to have a house they can call their own. Aside from the Pag-IBIG Housing Loan offer which the Fund is really popular of, it also offers the Pag-IBIG Multi-Purpose Loan or MPL.
The Pag-IBIG Multi-Purpose Loan is a cash loan offer which is the most flexible among the loan offers of the Fund. You may apply for it get your car repaired, travel, make a personal purchase, expand your business, etc.
Under the loan offer, the loanable amount is dependent on the total contributions posted by the member-borrower. The interest rate is at 10.5 percent per annum. You may pay the loan for up to 36 months.
Qualifications
With regards to the qualifications in applying for the offer as it is part of the Pag-IBIG cash loan requirements for application, here is the eligibility criteria that a member-borrower must meet to qualify for the loan offer:
- 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
Documentary Requirements
The loan offer is open for locally-employed and self-employed individuals as well as overseas Filipino workers (OFWs). If you are a local employee member of the Fund, here are the documents you must prepare and submit for application:
- 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
The Fund requires a proof of income. In the case of locally-employed Pag-IBIG Fund members who wants to apply for the Multi-Purpose Loan offer, here are the other Pag-IBIG cash loan requirements for application:
- 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
In applying for the loan offer, there are options regarding the process of the Pag-IBIG Fund Cash Loan application.