Pag-IBIG Cash Loan — Here’s How Much You Can Borrow under the Offer

Guide on Pag-IBIG Cash Loan Loanable Amount

PAG-IBIG CASH LOAN – You can check the details below for the maximum amount that you may borrow under the Multi-Purpose Loan (MPL).

One of the loans offered by the Pag-IBIG Fund is the Multi-Purpose Loan offer. Also called the MPL, it is a short-term solution for financial problems crafted for members who have posted a total of at least 24 monthly contributions.

Pag-IBIG Cash Loan
Photo Credit: Philippine Star

The cash loan offer was crafted to several purposes. You may apply for it to finance any of the following intents:

  • Medical expenses;
  • Minor home improvement;
  • Capital for a small business;
  • Tuition fee and other education-related expenses;
  • Purchase of furniture, appliances or electronic gadgets;
  • Payment of utility and credit card bills;
  • Vacation and travel;
  • Special events;
  • Car repair; or
  • Other needs

With regards to the loanable amounts under the Pag-IBIG Cash Loan offer, the member may borrow up to an equivalent of 80% of his or her total savings in the government agency. Here are some sample computations:

Monthly Contribution RateTotal Number of Contributions PostedTotal Monthly Contribution PostedMaximum Loanable Amount
P20024 monthsP4,800P3,840
P40036 monthsP14,400P11,520
P50026 monthsP13,000P10,400
P35048 monthsP16,800P13,440
P42060 monthsP25,200P20,160

The interest rate under the Pag-IBIG cash loan offer depends on the loan term chosen by the member-borrower. The borrowed amount is payable within three (3) years or 36 months.

The requirements for the Pag-IBIG cash loan application is different when it is processed by the member-borrower himself/herself compared with the requirements set if a representative will process the Pag-IBIG cash loan application.

Pag-IBIG Housing Loan Application
Photo Credit: Real Estate Philippines

Aside from the Multi-Purpose Loan offer, the Pag-IBIG Fund also offers a Housing Loan which encompass several purposes including the financing of any of the following:

  • acquisition of residential property
  • house construction
  • home renovation
  • home loan take-out

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