Guide on Pag-IBIG Multi-Purpose Loan Requirements 2026 for Members Who Want To Apply
PAG-IBIG MULTI-PURPOSE LOAN REQUIREMENTS 2026 – For locally-employed members of the Fund, here are the documents that are required for the loan application.
Most Filipinos in the Philippines who are locally-employed are members of the Pag-IBIG Fund. In fact, the offers of the state-run entity has helped countless Filipinos in several different situations. It has crafted offers that its qualified members may turn to.
Maintaining active membership in the Pag‑IBIG Fund, one of the state-run giant entities in the Philippines, serves as a reliable safety net against life’s inevitable challenges. Besides the Pag-IBIG Housing Loan program that helps members achieve their dream home, the Fund also offers a Multi‑Purpose Loan designed to provide quick cash for various needs—whether it’s for travel, car repairs, hosting an important occasion, or other personal expenses.
Also known as the MPL, the Pag‑IBIG Multi‑Purpose Loan is considered the Fund’s most flexible loan program. How much is loanable by a qualified members? Members can borrow up to 80% of their total contributions posted in their Pag‑IBIG Regular Savings.
The Pag‑IBIG Multi‑Purpose Loan carries an interest rate of 10.5% annually and can be repaid within three years or over a period of up to 36 months. To help you determine if you qualify, here’s a guide to the eligibility requirements set under the offer.
Qualifications
To be eligible for the Pag‑IBIG Multi‑Purpose Loan, a member-borrower must meet specific requirements set by the Fund. Below are the qualifications listed:
- 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 for application vary depending on the member’s status. If you are a locally employed worker, self‑employed, or an overseas Filipino worker (OFW), the Fund has specific requirements under each:
- 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
Applying for a Pag‑IBIG MPL requires proof of income. If you are a locally employed member, the following documents may be presented when filing an 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
There also several Pag-IBIG Fund also has many other loans that you might like to check on.