APPLYING FOR PAG-IBIG CASH LOAN – Are you wondering how much you may borrow under this loan offer of Pag-IBIG Fund?
If you are a member of the Pag-IBIG Fund who is in need of some cash, you may turn to the cash loan offer of the government agency – the Multi-Purpose Loan or MPL. It was crafted to help address the short-term needs of the members. You can check the details below if you are into applying for Pag-IBIG Cash Loan.
Borrow Pag-IBIG Cash Loan: How Much A Member May Get on First Loan?
Guide on How Much You Can Borrow from Pag-IBIG Cash Loan Offer to Eligible Members
BORROW PAG-IBIG CASH LOAN – Here’s a guide on how much a Pag-IBIG Fund member may borrow on the first loan.
Millions of Filipinos are Pag-IBIG Fund members. Some of them are employed either in the public sector or the private sector while others are self-employed individuals. There are also overseas Filipino workers (OFWs) who have secured membership in the government agency.
The Pag-IBIG Fund is most popular for its housing loan offer. It has assisted thousands of Filipino families secure affordable schemes in obtaining their target residential properties. You may apply for a house loan and divide the amount borrowed in up to 30 monthly amortizations.
Aside from the housing loan offer, the government agency also has a cash loan offer – the Multi-Purpose Loan or also called the MPL. Do you want to know how much you may borrow under the Pag-IBIG Cash Loan offer?
The amount that you may borrow from Pag-IBIG Cash Loan actually depends on your total regular savings. You may borrow up to 80% of your total Regular Savings. Here are the documents needed in applying for the said loan offer which you must submit to Pag-IBIG Fund:
| For employed applicants: – a duly-accomplished and signed Multi-Purpose Loan Application Form – one (1) photocopy of valid ID acceptable to the Fund – “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 self-employed applicants: – a duly-accomplished and signed Multi-Purpose Loan Application Form – one (1) photocopy of valid ID acceptable to the Fund – any of the following proof of income: 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; Certified True Copy of Transport Franchise issued by appropriate government agency (original); 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; or original copy of Commission Vouchers reflecting the issuer’s name and contact details |
| For OFW applicants: – a duly-accomplished and signed Multi-Purpose Loan Application Form – one (1) photocopy of valid ID acceptable to the Fund – any of the following proof of income: Employment Contract; Certificate of Employment and Compensation (CEC); or Income Tax Return (ITR) with Host Country or Government |
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You may also visit – SSS Cash Loan Application – Here’s How To Apply & How Much You May Get
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