Pag-IBIG Loanable Cash under MPL Loan Offer — Here’s How Much You May Borrow…

Guide on Pag-IBIG Loanable Cash under the MPL Loan Offer for Qualified Members

PAG-IBIG LOANABLE CASH – Here’s a guide on how much you may borrow under the Multi-Purpose Loan offer of the Fund to eligible members.

If you have posted a total of at least 24 monthly contributions, you might be eligible to apply for the Multi-Purpose Loan or MPL offer of the Pag-IBIG Fund. It is a cash loan offer crafted to help address the short-term financial needs of members.

With regards to the Pag-IBIG loanable cash under the Multi-Purpose Loan (MPL) offer, you can borrow up to an equivalent of 80% of your total posted contributions.

For example, if your total posted contributions is P10,000, your Pag-IBIG loanable cash under the MPL is up to P8,000.00. To apply for the loan offer, you just have to prepare the documents required by the government agency.

If you are the member-borrower who plans to process your own Pag-IBIG MPL application and you are locally employed, here are the documents that you need to prepare:

• duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
• photocopy of one (1) valid ID such as the following:
  • passport
  • Driver’s License
  • National Bureau of Investigation (NBI) Clearance
  • Professional Regulation Commission (PRC) ID
  • Police Clearance
  • Voter’s ID
  • Postal ID
  • Government Service Insurance System (GSIS) e-Card
  • Senior Citizen Card
  • Barangay Certification or Barangay IDs
  • Social Security System (SSS) Card
  • Overseas Filipino Worker ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • Alien Certification of Registration/Immigrant Certificate of Registration
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Seaman’s Book or Seafarer’s Identification and Record Book (SIRB)
  • Department of Social Welfare and Development (DSWD) Certification
  • Government Office and GOCC ID
  • Integrated Bar of the Philippines ID
  • Company ID
  • Philippine Identification (PhilID) Card
• Certificate of Net Pay
  • This portion of your MPL Application Form which is found at the back of the form must be accomplished by your employer; or
• photocopy of one (1) month latest payslip duly authenticated by an authorized signatory of the company

For self-employed applicants, here are the documents needed in applying for the MPL:

• duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
• photocopy of one (1) valid ID such as the following:
  • passport
  • Driver’s License
  • National Bureau of Investigation (NBI) Clearance
  • Professional Regulation Commission (PRC) ID
  • Police Clearance
  • Voter’s ID
  • Postal ID
  • Government Service Insurance System (GSIS) e-Card
  • Senior Citizen Card
  • Barangay Certification or Barangay IDs
  • Social Security System (SSS) Card
  • Overseas Filipino Worker ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • Alien Certification of Registration/Immigrant Certificate of Registration
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Seaman’s Book or Seafarer’s Identification and Record Book (SIRB)
  • Department of Social Welfare and Development (DSWD) Certification
  • Government Office and GOCC ID
  • Integrated Bar of the Philippines ID
  • Company ID
  • Philippine Identification (PhilID) Card
• photocopy of Income Tax Return (ITR) and Official Receipt of tax payment from bank supported with DTI Registrant and Mayor’s Permit or Business Permit
• original copy of bank statements or passbook for the last 12 months
• original copy of Commission Vouchers indicating the name and contact details of the issuer
• original copy of Certified True Copy of Transport Franchise
• original copy of the Notarized Affidavit of Income
• original copy of the Certificate of Engagement issued by the business owner

The Pag-IBIG Fund Multi-Purpose Loan offer is also open for OFW members of the government agency. Here are the documents needed in applying for the loan offer:

• duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
• photocopy of one (1) valid ID such as the following:
  • passport
  • Driver’s License
  • National Bureau of Investigation (NBI) Clearance
  • Professional Regulation Commission (PRC) ID
  • Police Clearance
  • Voter’s ID
  • Postal ID
  • Government Service Insurance System (GSIS) e-Card
  • Senior Citizen Card
  • Barangay Certification or Barangay IDs
  • Social Security System (SSS) Card
  • Overseas Filipino Worker ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • Alien Certification of Registration/Immigrant Certificate of Registration
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Seaman’s Book or Seafarer’s Identification and Record Book (SIRB)
  • Department of Social Welfare and Development (DSWD) Certification
  • Government Office and GOCC ID
  • Integrated Bar of the Philippines ID
  • Company ID
  • Philippine Identification (PhilID) Card
• Employment Contract
  • photocopy of the Employment Contract between the employee and employer or original copy of the POEA Standard Contract
• Certificate of Employment and Compensation (CEC)
  • CEC written on the Employer; or
  • CEC signed by employer supported by a photocopy of the ID and passport of the employer
• Original copy of Income Tax Return filed with Host Government or Country

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The Pag-IBIG Fund also offers a Housing Loan for members who want to acquire a residential property. The loan offer also covers the financing of a house construction, home renovation, and home loan take out.

To check on the Housing Loan offer, you may also read — Pag-IBIG Housing Loan: Here’s How the Releasing of the Borrowed Amount Works