PAG-IBIG Fund is a government-run mutual fund developed for the primary purpose of providing affordable housing programs for the majority of Pinoys. Aside from housing, another goal of the PAG-IBIG Fund is to generate savings. Considering the inflation rate, this option is a practical means of purchasing a property or getting the money you need during emergencies.

In 2009, under RA 9679, Pag-IBIG membership was made mandatory to all employees that are covered by the Social Security System (SSS) and Government Service Insurance System (GSIS). The good thing about being a member of the PAG – IBIG Fund is that you can withdraw your savings after 2 decades of membership, after completing a total of 240 monthly contributions.

The fund is primarily designed to provide affordable housing loans to its members. This enables contributors to have enough money to pay for their dream house. Borrowers then pay PAG-IBIG for their housing loan with a reasonable repayment amount for an extended time.

Besides housing loans, the PAG-IBIG Fund is able to extend loan facilities for other purposes where contributors can borrow short term loans from the fund. Their loan products other than their housing loan can provide financial assistance to members who need livelihood, medical and even educational assistance. Borrowing money from the PAG-IBIG Fund is convenient and practical considering the minimal deductions that you will have to bear.

Here are the loans that you can apply for in Pag-IBIG today.

Pag-IBIG Calamity Loan

In an event that there is an earthquake, flood or any other calamity, it is also possible that you can avail of the calamity loan. Similar to the requirements on how to avail of a short term loan, it is also applicable to this setup. However, you need to be residing in an area by which the Office of the President or local government declared under the state of calamity. It is also important that if you have an existing housing loan, multi-purpose loan, or even a calamity loan, it is important that it shouldn’t be in default as of the date of the loan application.

The amount of loan that you can borrow depends on the borrower’s total accumulated value, subject to the terms and conditions of the program. You may get as much as 80% of your total accumulated value. This loan has been made in order to provide leeway for those who were affected by calamities. The repayment terms for a calamity loan is up to 2 years plus a 3-month grace period.

Eligibility

For someone getting a new loan, there are only four PAG IBIG loan requirements that you need to meet.

1. You need to contribute at least 24 months to PAG-IBIG.
2. You need to showcase that you were an active member at the time of loan application. You have to complete at least 5 monthly contributions in the last 6 months.
3. The applicant should have a net pay of not less than the minimum requirement of the General Appropriation Act or company policy.
4. If you have an existing calamity loan, you can only avail of MPL (Multi-Purpose Loan) if you complete at least 6 monthly amortizations. Outstanding balance, interest, and penalties shall be deducted from the MPL.

If you are looking for a loan renewal, there is a different set of requirements.

1. With the payment of at least 6 monthly amortizations. Similar to how existing calamity loans work, the outstanding balance, with interest and penalties shall be deducted from the new loan.
2. An active member at the time of the loan, who completed at least 5 of the last 6 months of contributions.
3. The member’s net take-home pay should not fall below the minimum requirement of General Appropriation or company policy.

How much can you loan?

You may get as much as 80% of your total accumulated value. This loan has been made in order to provide leeway for those who were affected by calamities. The repayment terms for a calamity loan is up to 2 years plus 3-month grace period.Sample computation

Number of contributions completed upon application: 60  months

Monthly Pag-IBIG contribution: 200

Percentageyou can loan: 80%’

60x 200 x .80 = PHP9,600

With the current COVID-19 pandemic happening worldwide, this calamity is already affecting the global economy and would soon manifest on our local communities with shortages in food and supplies. For those who are affected financially and are in need of urgent assistance, you can refer to our guide on how to apply online for Pag-IBIG Calamity Loan and have your request submitted as soon as you can.

Multi-purpose Salary Loan (MPL)

This is a cash or salary loan offered by Pag-IBIG to its members who have religiously settled their monthly premiums for 24 straight months. Members can borrow up to 80% of their Pag-IBIG Regular Savings, and it can be paid up to 24 months.

This cash loan program extends cash loan assistance to members for any type of financial needs. It can be any of the following:

• Minor home improvement
• Additional capital for a small business
• Tuition fee and other education-related expenses
• Purchase of furniture, appliances or electronic gadgets
• Payment of utility and credit card bills
• Vacation and travel
• Special events
• Car repair; or
• Other needs

Eligibility

To qualify for this loan, you must meet the following criteria:

• You must be an actively contributing member with at least twenty-four (24) monthly membership savings (MS) 
• Sufficient proof of income
• If you have an existing Pag-IBIG Fund Housing Loan, MPL and/or Calamity Loan, your payments must be updated.

How much can you loan?

The amount you can loan from Pag-IBIG will depend on the number of months you have contributed (premium) and the total accumulated value (TAV) of your contribution. At the very least you must have completed 24 months of your monthly contribution.

Monthly contribution	Amount you can loan
24 to 59 months	60% of contribution’s TAV
60 to 119 months	70% of contribution’s TAV
120 months	80% of contribution’sTAV

Sample computation

Example 1

Number of contributions completed upon application: 24 months

Monthly Pag-IBIG contribution: 200

Percentage of total contribution you can loan: 60%

24 x 200  x 0.60 = PHP2,880

Example 2

Number of contributions completed upon application: 130 months

Monthly Pag-IBIG contribution: 200

Percentage of total contribution you can loan: 80%’

120 x 200 x .80 = PHP19,200

Loan disbursement

According to Pag-IBIG most recent guidelines on their online applilcation, Calamity loans and Multi-purpose Salary Loans will be disbursed to the applicant’s Loyalty Card Plus, Landbank, UCPB or DBP cash card – whichever they have are holding and authorized in their application. 

The funds will be disbursed to the member’s respective account within 3 to 5 business days from the time of application.

How to apply for a Pag-IBIG Loan online?

Pag-IBIG has streamlined the process to facilitate the immediate financial needs of its members due to the recently enhanced community quarantine. The process, however, is only applicable for recent applications until the lockdown is finished. 

1. Download and accomplish the required forms

The fillable loan form can be downloaded online and it does not require your signature.

• For Multi-Purpose Salary Loan (MPL) Form, download it here.
• For the fillable Calamity Loan Form, download it here.   

2. Save the filled-out form as PDF file
3. Submit the form

Email the duly accomplished PDF forms to your company HR, authorized company representative, or fund coordinator along with (1) valid ID and the front and back images of your Loyalty Card Plus, or Landbank, UCPB or DBP cash card.

The company HR, authorized representative, or fund coordinator will then e-mail the following to the Pag-IBIG Fund email address designated for your area:

• The filled-out ‘Employer Confirmation of STL Application’ bearing the applicant’s name.
• Duly accomplished form by the authorized company representative or fund coordinator can download this fillable form.

4. Send you MPL and/or Calamity loan to the Pag-IBIG branch near you via the following emails:

• NCRNorth@pagibigfund.gov.ph
  For members served by our GMA Kamuning, Quezon Avenue, Commonwealth Avenue, Cubao, Marikina, Caloocan – EDSA, Valenzuela, Pasig, Mandaluyong – Shaw Zentrum and Antipolo branches
• NCRSouth@pagibigfund.gov.ph
  For those served by their Makati-Buendia I, Binan, Makati-Ayala Avenue, Makati-Buendia II, Makati-JP Rizal, Taguig – Gate 3 Plaza, Guadalupe-EDSA, Muntinlupa, SM Aura, Intramuros, Sta. Mesa, Binondo, Pasay, Las Pinas-Robinsons Place, Paranaque, Imus, Rosario, and Dasmarinas branches
• Ilocos@pagibigfund.gov.ph
  For members served by our La Union, Laoag, Vigan, Dagupan, Urdaneta, and Baguio branches
• Cagayanvalley@pagibigfund.gov.ph
  For those served by our Tuguegarao, Solano, and Cauayan branches
• Centralluzon@pagibigfund.gov.ph
  For members served by our San Fernando, Tarlac, Angeles, SBMA, Balanga, Malolos, Baliwag, Cabanatuan, and Meycauayan branches
• Southerntagalog@pagibigfund.gov.ph
  For members served by our Lucena, Batangas, Lipa, Calamba, San Pablo, Sta. Rosa, Calapan, and Palawan branches
• Bicol@pagibigfund.gov.ph
  For members served by our Legazpi and Naga branches
• Centraleastvisayas@pagibigfund.gov.ph
  For those served by our Cebu-Ayala, Dumaguete, Talisay, Toledo, Cebu-Colon, Mandaue, Danao, Mactan, Tagbilaran, Tacloban, Calbayog, and Ormoc branches
• Westvisayas@pagibigfund.gov.ph
  For members served by our Iloilo-Manduriao, Iloillo-Molo, Kalibo, San Jose de Buenavista, Roxas, Bacolod, Kabankalan, and Sagay branches
• Northmindanao@pagibigfund.gov.ph
  For those served by our CDO-Lapasan, CDO-Carmen, Valencia, Butuan, San Francisco, Surigao, and Iligan branches
• Westmindanao@pagibigfund.gov.ph
  For members served by our Zamboanga, Dipolog, and Pagadian branches
• Southwestmindanao@pagibigfund.gov.ph
  For members served by their Davao-Bajada, Davao-Matina, Davao-Lanang, Digos, Tagum, Panabo, General Santos, Polomolok, Koronadal, Kidapawan, and Cotabato branches