Guide on the Application for Pag-IBIG Cash Loan for Qualified Members
APPLICATION PAG-IBIG CASH LOAN – Here are the requirements needed in applying for Pag-IBIG Fund Multi-Purpose Loan (MPL) offer.
The Pag-IBIG Fund is one of the biggest government agencies in the Philippines that offer services to thousands of Filipinos daily. Its offers are exclusive for its members who are coming from different walks of life. Some Pag-IBIG members are employed in the private or public sector in the country while others are self-employed. There are also overseas Filipino workers (OFWs) who secured memberships to the government agency.
The Pag-IBIG Fund got loans for its members. One of it is the Multi-Purpose Loan or MPL, a cash loan offer which was crafted to address the short-term financial needs of members. The are requirements for application for Pag-IBIG Cash Loan.
Basic Requirements for Application for Pag-IBIG Cash Loan:
- duly-accomplished and signed Multi-Purpose Loan Application Form
- one (1) photocopy of valid ID acceptable to the Fund
With regards to the proof of income which are part of the documentary requirements,
|If You Are Employed||If You Are Self-Employed||If You Are an OFW|
|“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”||Any of the following:|
– original copy of Notarized Affidavit of Income
|Any of the following:|
Certificate of Employment and Compensation (CEC)
|original copy of Bank Statements or passbook for the last 12 months||Employment Contract|
|original copy of Certificate of Engagement issued by the owner of business||Income Tax Return (ITR) with Host Country or Government|
|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|
In applying for the loan offer, bring your documents to Pag-IBIG Fund. The processing of the loan application may take a few working days and you will be notified about the results.
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