Pag-IBIG Cash Salary Loan – How To Compute the Amount You May Borrow

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Guide on How To Compute the Amount that You May Borrow Under Pag-IBIG Cash Salary Loan

PAG-IBIG CASH SALARY LOAN – Here is a guide on how to compute the amount that you may borrow under this multi-purpose loan offer of Pag-IBIG Fund.

Do you know that the Pag-IBIG Fund does not only offer housing loan opportunities but as well as a multi-purpose loan? This government entity that is mainly known for housing loans can now cater to applications for cash assistance to fund other purposes apart from buying a residential property.

You may apply for the said loan offer to renovate your house, get your car repaired, pay for your credit card bills, cope with medical expenses, etc. The Pag-IBIG loan interest rate is low and you can pay for the loan for up to two (2) years or twenty-four (24) months.

Pag-IBIG Cash Salary Loan

With regards to the eligibility qualifications under the said Pag-IBIG Cash Salary Loan, there are minimal requirements. To be eligible, the borrower must be:

  • a Pag-IBIG Fund member
  • having a total of at least 24 monthly contributions to Pag-IBIG Fund
  • in good credit standing in case he or she has an existing housing loan and other loans
  • able to provide sufficient documents on income

The loanable amounts under the said Pag-IBIG loan depends on the total accumulation value (TAV) of the borrower. Here is a list of the ranges of how much you can borrow:

  • 24 to 59 monthly contributions – up to 60% of your TAV
  • 60 to 119 monthly contributions – up to 70% of your TAV
  • at least 120 monthly contributions – up to 80% of your TAV

How to compute the amount that you may borrow under Pag-IBIG Cash Salary Loan?

The monthly contribution to Pag-IBIG Fund is Php 200.00. To compute how much you may borrow if you will apply for Pag-IBIG Cash Salary Loan, do the following:

  • Check the number of your total monthly contributions to Pag-IBIG Fund
  • Multiply the total number of your monthly contributions with Php 200.00.
  • Check the percentage where the number of your total monthly contributions falls to.
  • Get the percentage from your total accumulated value (TAV).

For example: Number of Total Monthly Contributions: 35 months

  • 35 months multiplied to Php 200.00 = Php 7,000.00
  • Php 7,000.00 multiplied to 60% = Php 4,200.00

Do you want to apply for this Pag-IBIG loan offer? For a guide on how to and the requirements that you need to prepare, 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.

READ ALSO: Pag-IBIG Salary Loan Renewal – When Can You Renew Your Cash Loan

49 thoughts on “Pag-IBIG Cash Salary Loan – How To Compute the Amount You May Borrow”

  5. How can i loan for salary loan .i’m now contribuation long ago?? But i can befor.. last contribuation i think year 2011.. thank’s much

    Reply

  8. Hi Ma’am/Sit good afternoon! Just an inquiry lng po. Ng avail po ako ng salary loan last November 2019 the 1st week & granted nman w/ an amoint of Ph 34,700.00 after 3 weeks. Since then up to now wla po akong salary deduction from every payday from employer. Worried po ako s penalty.
    Ask q lng po f naiforward nyo po ung loan voucher s employer’s address Sir? Kc ng inquire ako s office & wla dw naiforward.
    My employer; Manpower Outsourcing Servises, Inc.
    Address: 21/F Strata 2000 Bldh., F. Ortigas Jr. Ave., Ortigas Center, Pasig City 1600.
    Thanks much! Please advise me thru my email if any.
    Respectfully,
    Jose A. Libosada

    Reply

  18. I have standing loan balance last 2016, can still apply for salary loan & my previous account should be deducted.. Was it possible??

    Reply

  21. Pwde ba akong mag apply nang calamity loan since mag re-resign na ako. Mag 4yrs na akong naghuhulog sa Pag-ibig wala din akong previous loan sa inyu.

    Reply

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