Guide on Pag-IBIG Multi-Purpose Loan Requirements 2025 for Application
PAG-IBIG MULTI-PURPOSE LOAN REQUIREMENTS 2025 – Here are the documents that local employee members of the Fund must comply to apply.
Are you a Pag-IBIG Fund member who is in need of some cash? The state entity is something that you may turn to. It has a cash loan offer that can provide you with some funds for your various needs.
An active membership to the Pag-IBIG Fund is undeniably a safety net against many inevitable circumstances. While it has a Pag-IBIG Housing Loan offer that can help you achieve your dream house, it also has the Pag-IBIG Multi-Purpose Loan offer that can provide you the cash you need for a travel, a repair of your car, hosting an important event, etc.
Also called the MPL, the Pag-IBIG Multi-Purpose Loan offer is the most flexible loan offer of the Fund. Under it, you may borrow up to an equivalent of 80% of the total contributions that you have posted in your Pag-IBIG Regular Savings.
With regards to the interest rate, it is a 10.5% per annum. The loan is payable for up to 36 months. You can check here the eligibility criteria or the qualifications in applying for the loan offer:
Qualifications
To qualify for the Pag-IBIG Multi-Purpose Loan, here are the Pag-IBIG Multi-Purpose Loan requirements that a member-borrower should meet:
- 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 Pag-IBIG Multi-Purpose Loan requirements that should be submitted in applying for the loan offer depends if you are a local employee, self-employed, or an overseas Filipino worker (OFW) member of the Fund.
In the case of local employee members of the Fund, here are the Pag-IBIG Multi-Purpose Loan requirements 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 Pag-IBIG Multi-Purpose Loan requirements requires some proof of income. In the case of the local employee members who want to apply for the loan offer, you may present the following in applying for the loan:
- 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
The Pag-IBIG Fund also has many other loans that members may apply for.