Guide on Pag-IBIG Cash Loan Interest Rate Per Annum
PAG-IBIG CASH LOAN INTEREST – You can check the details below about the Multi-Purpose Loan (MPL) offer of the Pag-IBIG Fund.
Members of the Pag-IBIG Fund who have posted at least 24 monthly savings may be eligible to apply for a Multi-Purpose Loan. Also called the MPL, it is a cash loan offer that was designed to help address the short-term needs of its members.
There are a lot of Pag-IBIG members who have availed the MPL. Are you one of the Pag-IBIG members who are in need of cash but you just found this offer?
Who are qualified to apply for the loan offer? To be eligible, the loan applicant-borrower must possess the following qualifications:
- at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings program;
- active membership, by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application;
- if with an existing Pag-IBIG Housing Loan, MPL and/or Calamity Loan, the account/s must not be in default; and
- proof of income
Do you want to check on the borrowing amounts under this Pag-IBIG MPL offer? Feel free to visit — Pag-IBIG Cash Loan Loanable Amount – Here’s How Much You May Borrow
With regards to the Pag-IBIG cash loan interest rate, it is implemented on an annual basis. It is at 10.5% per annum.
The advantage under this loan offer is that the Pag-IBIG cash loan interest “is returned to its members in the form of dividends”. For a guide on how to apply for this loan offer, you may visit — PAG-IBIG CASH LOAN APPLICATION – Here’s How To Apply for the Loan Offer.
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