Pag-IBIG Multi-Purpose Loan – Faq’s

Pag-IBIG Multi-Purpose Loan – Faq’s

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:
    1. Uploading your duly accomplished loan application type and demands*; or
    2. 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. …