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Pag-ibig Multi-Purpose Loan Requirements – Employed / Self-employed Members

Active members of Pag-ibig Funds can apply for a Multi-Purpose Loan or MPL. This is part of Pag-ibig’s short term loan programs which members can availed of.

Apply to Pag-ibig Multi-purpose Loan Program

You can use the MPL Loan to finance any of the following need:

  • House Repair
  • Minor Home Improvement
  • Home Enhancement
  • Tuition/ Educational Expenses
  • Health and Wellness
  • Livelihood
  • Other purposes

ELIGIBILITY REQUIREMENTS for MPL Loan of Pag-ibig

Not all members of Pag-ibig Fund can automatically apply for the loan. You must first meet these requirements:

  1. You, as a member-borrower, must have made at least 24 monthly mandatory savings (MS) to Pag-ibig.
  2. You must also have 5 monthly mandatory savings for the last 6 months prior to date of your loan application.
Example: You plan to apply for a Pag-ibig Multi-Purpose Loan this coming September 2016 so you can use the loan proceed to pay for your child’s 2nd semester tuition. You must make sure that you have paid at least 5 months MS counting from March 2016.
  1. You can still apply even if you have an existing Pag-ibig House Loan or another MPL or Calamity Loan PROVIDED that you have religiously paid your monthly amortizations for your existing loans. If you have defaulted on your existing loans from Pag-ibig, you will not be approved for a new MPL loan.

REQUIRED DOCUMENTS TO APPLY

You must accomplish completely the Pag-ibig form called “Multi-purpose Loan Application Form” or MPLAF. You can download this form online on this link or visit any Pag-ibig Branch and ask for the MPLAF form.

You must submit photocopy of at least 2 valid IDs.

You must submit proof of income:

* FOR EMPLOYED member-borrow: The “Certificate of Monthly Net Income” portion at the back of the MPLAF application form must be accomplished by the employer or alternative, you can submit photocopy of your latest pay slip duly authenticated by your company’s authorized representative.

*For SELF-EMPLOYED or INDIVIDUAL member-borrower: You must present a photocopy of ANY ONE of the following: Business Mayor’s Permit or Commission Vouchers or Other valid proof of income.

WHERE TO SUBMIT Pag-ibig MPL LOAN APPLICATION?

If you are employed – file your application through your company’s Fund Coordinator or go directly at any Pag-IBIG office and submit personally with the accomplished MPLAF form and the required documents.

For self-employed / individual payors / voluntary member – you must submit your application form together with the required documents in any branch of Pag-ibig.

OR a latest innovation from Pag-ibig Fund – you can now file your short term loan application via ONLINE  in the official website of Pag-ibig using the HDMF Transaction Card. (I’ve just checked this  Pag-ibig online service earlier, it’s down for the day, you can try it some other day)

MAXIMUM AMOUNT YOU CAN BORROW from Pag-ibig

The loan amount you can borrow depends on how much is your Total Accumulated Value (TAV), here’s a table to see the percentage of loan amount:

For those who have made mandatory savings (MS) for 24 to 59 months – you can borrow up to 60% of TAV.

For those who have 60 to 119 months MS – you can borrow up to 70% of TAV.

For those who have at least 120 months MS – you can borrow up to 80% of TAV.

Example: A Pag-ibig member borrower has made 98 MS at P200 monthly. She doesn’t have any existing loan with Pag-ibig.

This member’s total TAV will be = 98 * 200 = P19,600.

This member can borrow up to 70% of TAV = P19,600 * 70% = P13,720

P13,720 is the maximum amount that our sample member can borrow from Pag-ibig under the Multipurpose Loan Program. The actual loan amount that will be granted could be lower.

HOW WILL YOU GET THE LOAN PROCEEDS?

For approved MPL loan applications, Pag-ibig Fund will released your loan via the following channels, depending on your preference as indicated during the loan application process:

  • Disbursement Card, example: Land Bank of the Philippines Cash Card or Pag-IBIG Citi Prepaid Card
  • Landbank’s Payroll Credit Systems Validation (PACSVAL)
  • Check
  • or other similar modes of payment

Pag-ibig Fund INTEREST RATE for MPL Loans

There is a flat interest rate of 10.75% per annum on MPL loans, paid equally for the duration of the loan.

PAYMENT or AMORTIZATION SCHEDULE

You can pay approved MPL loan within 24 months or 2 years on equal monthly payment.

This monthly amortization schedule comes with a grace period of 2 months. Your payment must be given / handed to Pag-ibig on or before the 15th day of each month starting on the 3rd month following the date on your check from Pag-ibig.

Back to our example: The member who applied for a MPL loan in September and was released a check in September will start to pay the monthly amortization beginning December. Payment must be made before the 15th of December, then on or before the 15th of January, then on or before the 15th of February, until the MPL loan is fully paid.

PAYMENT METHOD

If you are currently employed, the monthly amortization for your Pag-ibig MPL loan will automatically be deducted from your salary.

If you are a self-employed or voluntary member of Pag-ibig Fund, you can make auto-debit arrangement using your bank account to pay for your Pag-ibig amortization. You can also choose to opt to pay over the counter in a bank.

WHEN CAN YOU APPLY FOR an MPL AGAIN?

Even if you have an existing MPL loan, you can file for a new Multi-Purpose Pag-ibig Loan if you have made at least 6 monthly amortizations. The proceeds of the new loan shall be net of the outstanding balance of the existing loan.

PAG-IBIG CONTACT NUMBER

If you have any inquiries, you can contact Pag-IBIG Fund though their hotline number any time of day – (02) 724-4244. If you prefer sending an email message, send it to contactus@pagibigfund.gov.ph. There is no available mobile number or cellphone number for Pag-ibig loan inquiries.

Warning: Do not engage in any transaction with any person or company claiming to be connected with the Pag-ibig Fund. Go direct to a branch of Pag-ibig to protect yourself.

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Comments

  1. Dear Sir/Madam,
    Good day!
    If I apply for a salary loan or multi purpose loan how many days it takes? I will file my loan in CEBU CITY mean office.
    Thanks.
    Baby

    • Hi Baby, processing of loans is a case to case basis. We suggest that you visit the Pag-IBIG cebu main office now so you can file/ask directly about processing lead time for your case.

      • hi mam can i ask if my mpl has fullypaid or not coz in my payslip have no deduction.i just want to loan again.my loan released last march 2018.

        • Hi Sany, go to a Pag-IBIG branch about your inquiry or if you have online access to your Pag-IBIG account, access it now to see status of payments, contributions, etc.

  2. Good day sir/maam!
    Can i apply cash card in any landbank of the philippines branch to credit the the proceeds of my mpl if in case i will file for a loan..?
    someone tells me if I will file my loan example at Pag-ibig Zamboanga office, I should also apply cash card at landbank zamboanga branch.
    Can i not allow to use my cash card of other banks like metrobank or pnb for my loan proceeds..?
    Looking forward for the response.
    Thnx.

    • Hi Jaymar, Pag-IBIG loans can only use Landbank cash cards/atms. Other banks cash cards/atm cards are not allowed. As far as our team knows, you can apply in any Landbank branch and use this card for the loan proceeds from Pag-IBIG.

      • naka 73 contribution po ako at matagal na akong walang trabaho.meron pong 13000 pesos na natitira sa pag ibig ko.makukuha ko daw eto pag nag edad ako ng 60 yrs.old.pwede ko po ba etong ma loan?

        • Hi po, yung loans po puede lang pag ACTIVE and current contributor ka sa Pag-IBIG, sa case niyo po hindi, so antay na lang ng retirement age of 60.

  3. mam. how many days ung delivery for my citi card in my adress. renewal only.? lastweek pa po ung approval ko s pag ibig. pero until now wla p po ung new citi card ko.thanks.

  4. Hi, hello ma’m/sir.

    My 55 months contribution na ako. NAG FILE ulit ako ng MPL MULTI PURPOSE PAG-IBIG SALARY LOAN.. 2nd salary loan. Approve na ang loan oo. Magkano po kaya estimate amount ng marerecieve ko. Tnx …para ng idea lang po

  5. Ask ko lang po bkit wala pa po iyong salary loan ko nag file po aq nung march 6,2017 pero march 28 na wala parin..pls reply tnx

    • Hi Jonathan, ang Pag-IBIG branch lang kung saan ka nag-apply ng salary loan ang makakasagot sayo bakit di pa din dumadating ang loan proceeds. Try to call them to follow up.

  6. Hi po . .gaano po ba katagal nakukuha ang salary loan ?.yung iba po kase na katrabaho ko e 2 to 3 days lang nakukuha na sakin mahigit 1 week na wala padin try ako ng try , .

    • case to case basis po ang approval and loan releasing. same branch po kayo nag apply? nakapag-follow-up na po kayo sa Pag-IBIG?

      • Opo same po ng branch . .dipa po ako nagfollow up kase medyo hirap sched ng work ko . .tsaka medyo may kalayuan yung lugar e . .pano po ba maganda gawin dun .reply po tnx .

        • Try niyo nalang po tawagan muna ang Pag-IBIG para di need mag-absent sa work, baka kasi merong kulang na docs kaya na delay or hold yung loan application mo.

  7. hello po. may outstanding balance pa po ako sa pag ibig salary loan ko pero nagresign po ako sa work ko. pwede po ba na ako na personally ang magbabayad ng loan ko monthly sa pag-ibig branch? kasi po ang sabi ng payroll officer ng company namin ikakaltas na daw po ung loan balance ko sa huling sahod ko plus dun sa 13th month pay and unused vacation leave pay ko which means wala na akong mkukuha from the company. gusto ko lng pong mlaman kung pwedeng ako nalng ang pupunta monthly sa pag ibig para bayaran ung loan ko para di na po ikaltas sa benefits ko. thanks

    • Hi Aireen, itry niyo po itawag sa Pag-IBIG ang case niyo para mo ma-explain niyo sa kanila na mas prefer mo na ikaw mismo maghulog ng loan.

  8. Nag loan din po ako sa PAGIBIG, at di ko nabayaran nong nagresign po ako sa work ko. Ang ginawa po nila para di lumaki ang interest at penalty, after 2 years po na di kayo nakakapagbayad, ide-deduct po ‘yon sa TAV niyo. Offsetting po tawag nila doon… (Sharing lang po).

  9. HI ALMOST 3 MONTHS NA YUNG PROCESS NG TRANSFER UNTIL NOW DI PADIN MA TRANSFER FROM IMUS BRANCH TO INTAMURUS BRANCH BAKIT GANUN MAY REQUEST NAMAN AKO DI AKO MAKAPAG LOAN DENY LAGI DAHIL SA BWISET NA TRANSFER NA YAN BAT SSS NO NEED NA NG GANYAN

  10. Hi…ask ko lang po kung pede po ba magloan yung asawa ko kahit wala po syang work ngayon?x ofw na po sya, nung October pa po sya dumating at nagaapply plang po ulit sya paabroad,pwede po ba sya magloan ngayon?hindi pa po sya kakapag loan cmula nung nagwork sya d2 at sa abroad.

  11. hello. hindi po ba nagvavary yung basic salary sa loanable amount?please reply. thanks

  12. bakit wala pdin po ung loan ng asawa ko sa calamba po iyon..anu po ba number ng pagibig txtbk po thanks.

    • follow-up po kayo sa mismong Pag-IBIG branch kung saan nag apply ng loan husband niyo. This is the Calamba branch phone number that we found (02) 422-3000.

  13. Good Day,

    I want to apply for MPL loan provided that I am already self employed. But my husband has a business can I present his barangay business permit?Also I stopped working in my previous company last May 2017. Should I pay my June to Ooctober contributions?
    Need your response.

    Thanks,

  14. Hi Goodevening. August po ngfile yung hubby sa pagibig until now d pa rin po nkukuha yung niloan nya wala pong maibgay na dahilan at puro mgantay ng text. Sa valenzuela po kami. Ano po ba dapat namin gawin?

    • Hi Claire, mukhang di pa tapos ang system update ng Pag-IBIG based sa ibang comments dito. If you can, try to visit again the Pag-IBIG branch where your husband filed the loan, baka may update na sila by now.

  15. hi po last oct 19 po ako nag aaply ng multipurpose loan til now wla pa din po text ei migration padin ng system lagi dahilan hehehe

  16. Hi Sir,last october 27 po ako ng file ng MPL,till now wala pa rin notification kung na load sa aking atm.DBP card issue.thanks

      • nakuha mo na ba Sir? Nag file ako May 11, but till now wala pa din..At wala din update sa call center nila everyday na ako tumatawag.

  17. Gudeve, po I’m arnel de guia from candon city ilocos sur ilang araw po ang process ng multipurpose loan? Kasi nag apply ako July 6,2018 until now July 20 ,2018 wala pa nmn ang sabi ng iba kasi after 3 days the applying merun na. But now wala pa nmn. Merging daw kasi! Gaano ba katagal sir bago ko marelease loan ko?

    • Hi po. Pwede mag tanong? Ano yung ibig mo sabihin ng merging? At binigyan na po bah kayo ng atm after applying for the loan? Kasi parang ganun din sa akin. Merging daw. Pero may atm na ako. Sana po masagot mo tanong ko. Thanks

    • Merging is for 15-20 working days. After ng ma merge you can apply now for your loan. Then after 3 days they will depoait your loan on your cash card issued by them also.

  18. Hello Ma’am/Sir,
    Good afternoon,
    Balak ko po sanang magloan sa pag-ibig, maaari ko po bang malaman kung ano ang mga requirements?

    Thank you,
    Regards,
    Jennifer

  19. Hello po,ask ko lang po sana kong ano po mga requirements pag renew ng loan for Individual Contribution po?Bale may remaining balance pa po ako pero ipagado ko po pag apply ko po ng loan uli.And how much po pwede maloan for the 2nd time po.Thanks po.

  21. hi po nagloan po ako sa pagibig nung march 13 until now po wala padin ask ko lng po kung ano direct phone numbee ng pagibig common wealth branch nyo please response thank you

  23. H! May tanong lang ako morethan 5 yrs. Na akong member ng pag ibig tapos nag resign ako sa company ko na tinatarbahoan ko balak ko na mag self employed.pwde po ba akong makapag loan kahit self employed lang ako at wala tarbaho sa ngayon?

  25. HI mam,
    matagal na di po akong member ng pag -ibig gusto ko sana mag salary loan kaso company namin di suportado yung deductions ng salary loan. pano po ba gagawin ko? any other supporting documents po? since hindi peperma si employeer sa salary loan form.

  26. Good day po, ask ko lang po if makakapag loan parin po ba ako kahit self employed na ako. 12 years na akong member ng Pagibig at nabayaran ko napo ung 1st loan ko kasi hindi kinakatas nung sumunod ko na work ung loan ko last 2years ago. Pero okay na fully paid na. thank you sa pag response god blessed.

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