The Pag-IBIG Multi-Purpose Loan or MPL are an advance loan made to assist qualified Pag-IBIG investment with any instant need that is financial.
The Pag-IBIG MPL may be used for just about any of this following purposes:
- Health expenses;
- Minor do it yourself;
- Money for the business that is small
- Tuition charge as well as other education-related spending;
- Buy of furniture, devices or electronic devices;
- Re Payment of credit and utility card bills;
- Getaway and trips;
- Unique activities;
- Automobile fix; or
- Other requirements
You really must have the next to be eligible for the mortgage:
- At the very least twenty-four (24) month-to-month account discount underneath the Pag-IBIG average cost savings regimen;
- Active account, insurance firms a minumum of one (1) month-to-month account savings in the last six (6) months before the date of application for the loan;
- The account/s must not be in default; and if with an existing Pag-IBIG Housing Loan, MPL and/or Calamity Loan
- Evidence of earnings.
Qualified customers can borrow as much as 80per cent of the total Pag-IBIG average cost savings, which comprise of the month-to-month efforts, their employerРІР‚в„ўs contributions, and accumulated dividends received.
Which means that the more you conserve in their Pag-IBIG average Savings, the bigger loan levels you might submit an application for through the MPL.
For those who have a superb Pag-IBIG Calamity Loan, the quantity you may possibly borrow will probably be the essential difference between the 80% of the total Pag-IBIG average discount therefore the outstanding stability of the Pag-IBIG Calamity Loan.
It is possible to make an application for a Pag-IBIG MPL through the options that are following
- On line, via Virtual Pag-IBIG by:
- Uploading your duly accomplished loan application type and demands*; or
- Doing the Pag-IBIG MPL application online type, for customers whoever companies are enrolled beneath the Virtual Pag-IBIG for companies**
- Over-the-counter, by publishing their duly accomplished application for the loan kind and specifications using your manager or actually, at the Pag-IBIG Fund branch closest you. …