Pag-IBIG Loan Requirements — A Complete Guide on Required Documents

Lists of Pag-IBIG Loan Requirements for Application

PAG-IBIG LOAN REQUIREMENTS – Here is a complete guide on the documents required in applying for the offers of the Pag-IBIG Fund.

Are you one of the millions of members of the Pag-IBIG Fund? In the Philippines, it is one of the government agencies with members coming from almost all walks of life — locally-employed individuals, self-employed individuals overseas Filipino workers (OFWs), etc.

Maintaining an updated account to the Pag-IBIG Fund brings a huge advantage. To do it, a member must regularly post monthly contributions which depends on his/her preferred rate at least Php 200.00 per month.

The Fund has several Pag-IBIG member loans that its members may turn to most especially during the most financially-challenging times like being devastated by a calamity.

Pag-IBIG Loan Requirements — Photo Credit: PHILREP Realty Corporation

Pag-IBIG Multi-Purpose Loan

One of the Pag-IBIG member loans is the Multi-Purpose Loan offer or also called the MPL. It is the Pag-IBIG cash loan offer that members may apply for for financial solutions to multiple needs.

Eligibility Requirements:

have posted at least 24 monthly savings under the Pag-IBIG Regular Savings Program
active membership to Pag-IBIG Fund with at least one (1) monthly membership savings within the last six (6) months prior to the date of the loan application
have proof of income

Documentary Requirements:

If Employed
- duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
- photocopy of one (1) valid ID
- 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
If Self-Employed
- duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
- photocopy of one (1) valid ID
- proof of income (any of the following):
  - 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
If Overseas Filipino Worker (OFW)
- duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
- photocopy of one (1) valid ID
- proof of income (any of the following):
  - 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

Pag-IBIG Housing Loan

The most popular loan offer of Pag-IBIG Fund is the Housing Loan. It can finance the acquisition of a residential property, house construction, home renovation, and home loan take-out. Here are the Pag-IBIG loan requirements:

Eligibility Requirements:

active Pag-IBIG Fund member with at least 24 months savings
legal capacity to acquire or encumber a real property
not more than 65 years of age upon the loan application and not more than 70 years of age upon the loan maturity
no Pag-IBIG housing loan cancelled, foreclosed, voluntarily surrendered, or bought back
payment must be updated if with existing housing loan or short term loan accounts

Documentary Requirements:

two (2) copies of the Pag-IBIG Housing Loan Application Form with recent ID photo of borrower/co-borrower (if applicable)
one (1) valid ID of the applicable parties
- Principal Borrower
- Co-borrower
- Seller
- Developer’s Authorized Representative and Attorney-in-Fact
- Spouses of the parties involved, if applicable
proof of Income
- If employed, prepare any the following documents:
  - Certificate of Employment and Compensation (CEC)
    - indicating the gross monthly income and monthly allowances or monthly monetary benefits received by employee
    - duly signed by the authorized signatory of the employer
  - Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application
  - one (1) month payslip, within the last three (3) months prior to date of loan application
- If self-employed, prepare any of the following documents:
  - Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
  - ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s Permit/Business Permit
  - Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
  - Bank Statements or passbook for the last 12 months
  - Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs)
  - Certificate of Engagement issued by owner of business
- If overseas Filipino worker (OFW), prepare any of the following:
  - Employment Contract
    - Employment Contract between employee and employer or POEA Standard Contract
  - Notarized Certificate of Employment and Compensation (CEC)
    - CEC written on the Employer/Company’s official letterhead or CEC signed by employer

For Residential Property Acquisition:

Transfer Certificate of Title (TCT)
Updated Tax Declaration (House and Lot)
Updated Real Estate Tax Receipt
Contract-to-Sell or smiliar agreement between buyer and seller
Vicinity Map/Sketch Map

For House Construction:

Updated Tax Declaration (House and Lot)
Updated Real Estate Tax Receipt (photocopy)
Building Plans, Specification with Bill of Metrials duly signed by the Licensed Civil Engineer or Architect
Vicinity Map/Sketch of the Property

For Refinancing:

Transfer Certificate of Title (TCT)
Updated Tax Declaration
Updated Real Estate Tax Receipt (photocopy)
Latest Statement of Account on Outstanding Loan Balance duly signed by the Manager or the account officer, together with any of the following:
- Official receipt (or any valid proof of payment) for the past 6 months
- Subsidiary Ledger
Vicinity Map/Sketch of the Property

Pag-IBIG Calamity Loan

In times of natural disaster, the Fund members may qualify for a Pag-IBIG Calamity Loan. It was designed to help members who are living in areas declared under a State of Calamity. Here are the Pag-IBIG loan requirements for application:

Eligibility Requirements:

at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings
active membership, by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application

Documentary Requirements: