Borrow from Pag-IBIG Cash Loan by Submitting these Required Documents

How to Borrow from Pag-IBIG Cash Loan offer or MPL?

BORROW FROM PAG-IBIG CASH LOAN – There are documents that you need to gather in applying for the Pag-IBIG Fund Multi-Purpose Loan (MPL).

Have you heard about the Multi-Purpose Loan (MPL) offer of Pag-IBIG Fund? It is a cash loan offer that was crafted to help members with their short-term needs. There are some documents needed if you want to borrow from this Pag-IBIG Cash Loan offer.

The requirements if you want to borrow from Pag-IBIG Cash Loan depends if you are employed, self-employed, or an OFW. You can check on the documents needed below.

For loan applications of an employed member-borrower, the following documents are needed in applying:

• duly-accomplished and signed Multi-Purpose Loan Application Form
• one (1) photocopy of valid ID acceptable to the Fund
• proof of income:
  – “The ‘Certificate of Net Pay’ portion at the back of the application form must be accomplished by the employer or submit photocopy of one (1) month latest payslip duly authenticated by the company’s authorized signatory”

For loan applications of a self-employed member-borrower of the government agency, the following documents are needed for application:

• duly-accomplished and signed Multi-Purpose Loan Application Form
• one (1) photocopy of valid ID acceptable to the Fund
• proof of income (any of the following):
  – original copy of Notarized Affidavit of Income
  – original copy of Bank Statements or passbook for the last 12 months
  – original copy of Certificate of Engagement issued by the owner of business
  – photocopy of Income Tax Return (ITR), Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registrant and Mayor’s Permit/Business Permit
  – Certified True Copy of Transport Franchise issued by appropriate government agency (original)
  – original copy of Commission Vouchers reflecting the issuer’s name and contact details

For overseas Filipino worker (OFW) members-borrowers of the government agency, the following documents will be required:

• duly-accomplished and signed Multi-Purpose Loan Application Form
• one (1) photocopy of valid ID acceptable to the Fund
• proof of income (any of the following):
  – Certificate of Employment and Compensation (CEC)
  – Employment Contract
  – Income Tax Return (ITR) with Host Country or Government

To apply, go to Pag-IBIG Fund and submit your documents. The loan processing may take a few working days and you will be notified of the result.

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