Pag-IBIG Multi-Purpose Loan: What It Is, And How Can You Apply?

The Pag-IBIG Multi-Purpose Loan (MPL) is a cash loan designed to assist you with your immediate financial needs.

How do I qualify?

You must satisfy the following requirements to qualify for the loan:

• At least twenty-four (24) monthly membership savings.
• At least one (1) monthly membership savings within the last six (6) months prior to the date of loan application.
• If with existing Pag-IBIG Housing Loan, MPL, and/or Calamity Loan, the account/s must not be in default as of date of application.
• Proof of income.

How much can I borrow?

You may borrow an amount equivalent to up to 80% of your Pag-IBIG Regular Savings (MP1).

How do I apply?

You can easily apply for a Pag-IBIG MPL via the following options:

Online, via Virtual Pag-IBIG
(Read my blog post here on how to create an account: ​Virtual Pag-IBIG: Anytime, Anywhere)

• Uploading your duly accomplished loan application form and requirements* or,
• Completing the online Pag-IBIG MPL application form, for members whose employers are enrolled under the Virtual Pag-IBIG for employers**.

Over-the-Counter

By submitting your duly accomplished loan application form and requirements through your employer or in person, at the Pag-IBIG Fund branch nearest you.

*Available to members with a Pag-IBIG Loyalty Card Plus or cash cards issued by any of Pag-IBIG Fund's partner banks for such purpose.
**Available to members with a Pag-IBIG Loyalty Card Plus only.

Where can I use my loan?

The Pag-IBIG MPL can be availed by qualified members for use on any of the following purposes:

• Tuition and education-related expenses
• Minor home improvement or renovation
• Hospital and medical-related expenses
• Livelihood or additional capital for business
• Travel and wellness
• Appliances, furniture, or mobile and electronic gadgets
• Utility bills
• Special events or occasions
• Car repair or maintenance
• Other needs

What is the loan term?

You are given the option to pay your loan over a period of two (2) or three (3) years. As an added benefit, your first monthly payment will start two (2) months after the approval of your loan.

When can I renew my loan?

You may renew your Pag-IBIG MPL after paying an amount equal to at least six (6) monthly amortizations and upon satisfying the eligibility requirements stated in the prevailing guidelines of the program.

To learn more, contact Pag-IBIG Fund through these channels:

Telephone: (+632) 8724-4244
Email: contactus@pagibigfund.gov.ph
Chat via website: www.pagibigfund.gov.ph
Facebook Page: facebook.com/PagIBIGFundOfficialPage