Guide on Pag-IBIG Fund Loans 2024 & their Features Including the Eligibility Requirements
PAG-IBIG FUND LOANS 2024 – Here is a full list of the loan offers that members of the Pag-IBIG Fund may apply for.
In the Philippines, there is a huge benefit in being a member of the Pag-IBIG Fund with an updated account. It can pave the way for access to several loan offers that can help you in different situations.
![Pag-IBIG Fund](http://philnews.ph/wp-content/uploads/2024/01/Pag-IBIG-Fund.jpg)
Members of the Fund must regularly post savings based on the Pag-IBIG Contribution rates. The contributions are often part of the eligibility criteria in applying for the Pag-IBIG Fund loans.
You may turn to the Fund for your short-term needs, for a housing project, or in times of calamity. You can check the loan offers below:
Pag-IBIG Housing Loan
The most popular offer of the Fund is the Pag-IBIG Housing Loan. It has financed countless acquisition of residential properties, house construction, home renovation, and home loan refinancing. Here are the eligibility criteria for application:
- has posted at least twenty-four (24) monthly membership savings
- age of not more than sixty-five (65) years at the date of application and not more than seventy (70) years at maturity of the loan
- has a legal capacity to encumber real property
- has the ability to pass satisfactory background / credit and employment / business checks of Pag-IBIG Fund
- has no outstanding Pag-IBIG Short-Term Loan (STL) in arrears at the time of the loan application
- has no Pag-IBIG Housing Loan that was foreclosed, cancelled, bought back due to default, or subjected to dacion en pago
![Pag-IBIG Fund Loans 2024](http://philnews.ph/wp-content/uploads/2024/02/Pag-IBIG-Fund-Loans-2024.jpeg)
The requirements for the Pag-IBIG Housing Loan application depends on the purpose of applying for the offer. You must ensure the original copies of the documents required by the Fund.
Pag-IBIG Multi-Purpose Loan
The Fund designed the Pag-IBIG Multi-Purpose Loan, also called the MPL, to help the members address their short-term financial needs. The loanable amount under the Pag-IBIG Multi-Purpose Loan may vary but here are the eligibility requirements set by the government institution:
- has posted at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings program
- with active membership
- has posted at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application
- In case the member has an existing Pag-IBIG Housing Loan, MPL and/or Calamity Loan, the account/s must not be in default
- with proof of income
There are a few requirements in applying for the Pag-IBIG cash loan offer. The documents depend if you are employed or self-employed.
Pag-IBIG Calamity Loan
In times of natural disasters, members of the Pag-IBIG Fund may apply for the Pag-IBIG Calamity Loan offer. Here are the qualifications for a member to be eligible to apply for the offer:
- 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
- has proof of income
There are a few documentary requirements for the Pag-IBIG Calamity Loan application. The required documents depend if you will personally process the loan at the Pag-IBIG Fund or your HR reprentative would.