PAG-IBIG MULTI-PURPOSE LOAN – How Much A Member Can Borrow

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Guide on How Much You Can Borrow Under Pag-IBIG Multi-Purpose Loan

PAG-IBIG MULTI-PURPOSE LOAN – Here is a guide on how much you can borrow under the multi-purpose loan offer of the Home Development Mutual Fund (HDMF).

One of the government agencies in the Philippines that provide cash assistance for the public regarding certain purposes is the Home Development Mutual Fund. It is more commonly known as Pag-IBIG or Pag-IBIG Fund.

Pag-IBIG offers cash assistance to its members through the different kinds of loans. If you are up for house acquisition, you may apply for the Pag-IBIG House Loan. It is open for residential property purchase, home improvement, refinancing, house construction, and combined purposes regarding a residential unit.

Pag-IBIG Multi-Purpose Loan

If you are up for other purposes, you may apply for the Pag-IBIG Multi-Purpose Loan. It is open for a lot of purposes including the funding of the following:

  • car repair
  • minor home improvement
  • vacation or travel
  • payment of a utility bill
  • tuition fees
  • small business
  • purchase of an appliance or furniture

To be eligible for the multi-purpose loan offer, the borrower must have:

  • posted at least twenty-four(24) monthly savings
  • posted at least one(1) MS within the last six(6) months
  • his or her Pag-IBIG Housing Loan or Calamity Loan in default in case there is
  • provided a sufficient proof of income

How much is loanable under this multi-purpose loan offer?

Based on the official website of the government agency, the member can borrow up to 80% of his or her total accumulated value (TAV) under the Pag-IBIG Multi-Purpose Loan. For example, the ATV of the member-borrower is Php 600,000.00, he or she can borrow up to Php 480,000.00.

In case the borrower has an existing Calamity Loan, the balance of the loan will be deducted from 80% of his or her TAV.

Payment Options:

With regards to payment of the loan to Pag-IBIG, for employed borrowers, the monthly amortization can be deducted from the salary directly. For self-employed borrowers and overseas Filipino workers (OFWs), the payment for the loan can be done over-the-counter.

To apply for the said loan offer, you may visit the official website of the government agency – https://www.pagibigfund.gov.ph.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: PAG-IBIG SALARY LOAN – How To Apply For Salary Loan to Pag-IBIG Fund

68 thoughts on “PAG-IBIG MULTI-PURPOSE LOAN – How Much A Member Can Borrow”

  6. Hi there
    Greetings
    Im planning to apply a multi purpose loan for house renovation, im in Singapore now, can pls share me some idea’s what to do.
    With thanks & regards

    Reply

  14. HOW MUCH CAN AVIAL FOR A MULTI PURPOSE LOAN FOR MY HOME REPAIR, AND WHAT THE MAXIMUM AMOUNT IF I WILL APPLY FOR SALARY LOAN

    Reply

  20. Good morning sir, can we apply for multipurpose loan via online? or do we still need to process in the neareast pag ibig branches.. thank you po

    Reply

  26. I hope that I can borrow loan in pag ibig fund because I used it for emergency purposes due to pandemic please notify me how to apply on your loan. Thank you.

    Reply

  27. Can i apply for salary loan online? Is my pnb cashcard account can be use to deposit my salary loan if possible?

    Reply

  31. ma’am / Sir
    12125 1838803 pag ibig
    number. eventually im in to its for loan for utilities dispite this clinic modification.
    my getting comments as a member a atlist
    utility loan.
    how is my asurance.
    2020 im start pag – ibig member.

    Reply

  39. I appreciate the customer friendly Pag-ibig portal. You may improve it by providing examples how to avail of your services. No need to go to your sattelite office or branch.

    Reply

  56. Can i still avail a reloan even if ung unang naloan ko ndi naman nagdededuct sa sahod ko?may nakapagsabi po kac sakin pwd daw po para maupdate ung dati kong naloan,tama po ba?salamat..

    Reply

  57. I hqbe contribution in pag ibig…I need to know if i can still avail multi purpose loan or may contribution is almost 10yrs already so i can lumpsum my money…Thanks

    Reply

  60. Good Day, Can I borrow (loan) for a tuition fee, i dont know if I can loan with my purpose. Please let me know, this is JONATHAN M. JUNASA my mid number:
    1830-0040-3419, please accommodate.

    Reply

  63. I hope that I can borrow loan in pag ibig fund because I used it for emergency purposes due to pandemic please notify me how to apply on your loan. Thank you.

    ↩ ∞

    Reply

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