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Pag-IBIG Salary Loan – How Much You Can Borrow Based On Contribution

Guide on How Much Can Be Borrowed Under Pag-IBIG Salary Loan Based on Contribution of Member

PAG-IBIG SALARY LOAN – Here is a guide on how much you can borrow under the multi-purpose loan offer of Pag-IBIG Fund based on member’s contribution.

Aside from the Social Security System (SSS) and the Government Service Insurance System (GSIS), another government agency that the public can turn-to for loans is the Pag-IBIG Fund.

Mainly, Pag-IBIG Fund is known for its housing loan offers. It aims to provide assistance to its members in obtaining affordable residential properties provided that the member is an active payer.

But, Pag-IBIG does not end with housing loan offers alone. Now, the government agency has a multi-purpose loan that can lend you cash to fund a variety of purposes.

Pag-IBIG Salary Loan

You may apply for Pag-IBIG Salary Loan to fund the repair of your house, to improve your home, to pay for the school fees, to cope up with health and medical expenses, etc. It is open for a member who has:

  • posted at least 24 monthly contributions
  • posted at least one(1) monthly savings in the last six(6) months
  • sufficient proofs of monthly income

Do you want to know how much you can borrow under the Pag-IBIG Salary Loan? Based on an article on Cashmart, the loanable amount will depend on your total accumulated value or TAV.

24 – 59 Months

Up to 60% of the TAV can be borrowed. For example, your TAV is Php 25,000.00, you can borrow up to Php 15,000.00

60 – 119 Months

Up to 70% of the TAV can be borrowed. For a TAV of Php 25,000.00, the loanable amount is up to Php 17,500.00.

At least 120 Months

Based on the article, for members who have paid for 120 months and above, up to 80% of the TAV can be borrowed. You may obtain up to Php 36,000.00 from a TAV of Php 45,000.00.

Do you want to apply for this loan offer? You may visit – PAG-IBIG SALARY LOAN – How To Apply & Requirements To Prepare.

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.

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