to P6 million from the fund to purchase property, renovation or improve existing properties, and refinance an existing housing loan. The maximum payment period is 30 years. It is also covered by a Mortgage Redemption Insurance (MRI), or a Sales Redemption Insurance (SRI), whichever is applicable, and a Fire and Allied Perils Insurance (FAPI).
For all active Pag-IBIG Fund members who qualifies the following:
At least 24 monthly savings. Lump sum payment of the required 24 months savings is allowed;
Not more than 65 years old, and not more than 70 years old maturity of the date of loan application;
Has the legal capacity to acquired and encumber real property;
Passed satisfactory background/credit and employment/business checks of Pag-IBIG Fund;
Has no outstanding Pag-IBIG Fund Short-Term Loan (STL) in arrears at the time of loan application;
Has no Pag-IBIG Fund Housing Loan that was foreclosed, cancelled, bought back due to default, or subjected to dacion en pago. If with existing Pag-IBIG Fund Housing Loan account, either as principal borrower or co-borrower, it must be updated.
The basic requirements are two copies of the Housing Loan Application (HQP-HLF-068/069) with a recent ID photo of the borrower/co-borrower (if applicable); Proof of Income; One valid ID (Photocopied, back-to-back) of Principal Borrower and Spouse, Co-Borrower and Spouse, Seller and Spouse and Developer’s Authorized Representative and Attorney-In-Fact (if applicable);
Transfer Certificate of Title. For Condominium Unit, present TCT of the land and Condominium Certificate of Title (latest title, Certified True Copy); Updated Tax Declaration (House and Lot) and Updated Real Estate Tax Receipt (photocopy); Contract-to-Sell or similar agreement between the buyer and seller; Vicinity Map/Sketch of the Property.
You also need to present your Income Documents. These are Notarized Certificate of Employment and Compensation; Latest Income Tax Return (ITR) with attached BIR Form No. 2316, stamped received by the BIR; Certified One (1) Month Payslip, within the last three (3) months before the loan application date.
*Overseas Filipino Workers (OFW)
You need to submit the basic requirements plus the Income Documents that include Employment Contract between employee and employer or POEA Standard Contract;
Certificate of Employment and Compensation written on the Employer/Company’s official letterhead or signed by the employer (for household staff and similarly situated employees) supported by a photocopy of the employer’s ID or passport; Income Tax Return filed with Host Country/Government.
Additional requirements are Special Power of Attorney (SPA) notarized before the date of departure or OFW member abroad (a SPA notarized by a Philippine Consular Officer, or SPA notarized by a local notary [of the country where the member is working] but duly authenticated by the Philippine Consulate);
A Payslip indicating income received and period covered; Valid OWWA Membership Certificate; Overseas Employment Certificate; Passport with Working Visa; Residence card/permit (permit to stay showing work as the purpose); Bank remittance record; and Professional License issued by Host Country/Government.
**If the documents written in foreign language/s, it needs to have an English translation.
You need to pass the essential requirements and your Income Documents that include the ITR, Audited Financial Statements, and Official Receipt of tax payment from the bank; DTI Registration; Mayor’s Permit/Business Permit;
Commission Vouchers showing the issuer’s name and contact details (for the last 12 months); Bank Statements or passbook for the previous 12 months;
Copy of Lease Contract and Tax Declaration if the income comes from rental payments; Certified True Copy of Transport Franchise issued by the government agency (LGU for tricycles, LTFRB for other PUVs);
Certificate of Engagement issued by the business owner; and other documents that validates source of income.
It is a cash loan, payable for a maximum period of 24 months, to help members with any immediate financial needs. These needs may include medical, educational, and living expenses, and others. The member can get the loan as fast as two days!
It is the type of loan to assist members in areas declared under a state of calamity and is affected by such disasters. It is immediate financial assistance to help members recover from the effect of calamity. The loan is payable within 24 months and has a deferred first payment.
You need to contribute at least 24 months to PAG-IBIG.
You were an active member at the time of the loan application. You have to complete at least five monthly contributions in the last six months.
The applicant should have a net pay of not less than the minimum requirement of the General Appropriation Act or company policy.
If you have an existing calamity loan, you can only avail of MPL (Multi-Purpose Loan) if you complete at least six monthly amortizations. Outstanding balance, interest, and penalties are deducted from the MPL.
**For loan renewal:
You need to pay off six-monthly amortizations at least. Similar to how existing calamity loans work, the outstanding balance, with interest and penalties, shall be deducted from the new loan.
You need to be an active member at the loan time that completed at least 5 of the last six months of contributions.
The member’s net take-home pay should not fall below the minimum requirement of General Appropriation or company policy.
*For employed and Overseas Filipino Workers (OFWs)
The basic requirements are accomplished Multi-Purpose Loan Application Form (MPLAF) or Calamity Loan Application Form (CLAF); Two valid IDs;
Proof of Income (If you’re formally employed, the “Certificate of Monthly Net Income” portion at the back of the application form must be accomplished by the employer or submit a photocopy of the latest payslip duly authenticated by the company’s authorized representative.);
For releasing the loan proceeds through Payroll Account/Disbursement Card, submit a photocopy of Payroll Account/Disbursement Card. If it’s through Citibank Prepaid Card, submit a photocopy of Package Unit ID.
You need to submit the basic requirements and other documents like Proof of Income. It may be a photocopy of the Business Permit/Mayor’s Permit, Commission Voucher, or Any further proof acceptable to the Senior Management Committee.
There additional requirements for Calamity Loans affected by El Niño. For farmers, including landlords, fisherfolks, and livestock farmers, you need to secure a Certification from the Municipal Agricultural Office (MAO) that their products were damaged/killed due to the calamity.
For business owners or market vendors, you need to get a Certification from the Market Vendors Association or certification from the Municipal Mayor attesting that he is engaged in selling farm products, vegetables, meat, fish and that his source of livelihood was affected by the calamity.
If the member or/and his immediate family afflicted by diseases such as diarrhea, cholera, skin diseases, paralytic shellfish poisoning (red tide bloom), heat cramps, heat exhaustion, heatstroke, chickenpox, measles, and hypertension, you need to present a medical certificate from a doctor stating such disease is brought by the onset of calamity.
If you are filling in on behalf of the member, you also need to submit a Notarized Special Power of Attorney (SPA) and at least two valid IDs of both parties.
How to apply for the Multi-purpose loan online?
Download and accomplish the Pag-IBIG Multi-Purpose Loan Application. Email it to your company HR, fund coordinator, or other authorized representative along with front and back photocopies of valid ID, Loyalty Card Plus (if applicable), Landbank card (if applicable), UCPB card (if applicable), DBP cash card (if applicable). Your company representative will then email the Employer Confirmation of STL Application to the appropriate Pag-IBIG fund department. Email your Multi-purpose loan documents to the nearest Pag-IBIG branch via these emails: