Guide on the Requirements for Pag-IBIG Cash Loan Offer Application
REQUIREMENTS FOR PAG-IBIG CASH LOAN – Here is a list of the documents needed in applying for Multi-Purpose Loan (MPL).
One of the biggest government agencies in the Philippines is Pag-IBIG Fund. Many Filipinos from different walks of life are members of the said government agency and it has multiple offers for its members.
One of the loans offered by Pag-IBIG Fund is the Multi-Purpose Loan or MPL. It is a cash loan offer that was crafted to address the short-term needs. There are requirements for Pag-IBIG Cash Loan offer application.
Basic Requirements:
- duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
- photocopy of one (1) valid ID such as the following:
- passport
- Driver’s License
- National Bureau of Investigation (NBI) Clearance
- Professional Regulation Commission (PRC) ID
- Police Clearance
- Voter’s ID
- Postal ID
- Government Service Insurance System (GSIS) e-Card
- Senior Citizen Card
- Barangay Certification or Barangay IDs
- Social Security System (SSS) Card
- Overseas Filipino Worker ID
- Overseas Workers Welfare Administration (OWWA) ID
- Alien Certification of Registration/Immigrant Certificate of Registration
- Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
- Seaman’s Book or Seafarer’s Identification and Record Book (SIRB)
- Department of Social Welfare and Development (DSWD) Certification
- Government Office and GOCC ID
- Integrated Bar of the Philippines ID
- Company ID
- Philippine Identification (PhilID) Card
Proof of Income:
- If you are employed, prepare the following:
- Certificate of Net Pay
- This portion of your MPL Application Form which is found at the back of the form must be accomplished by your employer; or
- photocopy of one (1) month latest payslip duly authenticated by an authorized signatory of the company
- Certificate of Net Pay
- If you are self-employed, prepare the following:
- photocopy of Income Tax Return (ITR) and Official Receipt of tax payment from bank supported with DTI Registrant and Mayor’s Permit or Business Permit
- original copy of bank statements or passbook for the last 12 months
- original copy of Commission Vouchers indicating the name and contact details of the issuer
- original copy of Certified True Copy of Transport Franchise
- original copy of the Notarized Affidavit of Income
- original copy of the Certificate of Engagement issued by the business owner
- If your are an overseas Filipino worker (OFW), prepare the following:
- Employment Contract
- photocopy of the Employment Contract between the employee and employer or original copy of the POEA Standard Contract
- Certificate of Employment and Compensation (CEC)
- CEC written on the Employer; or
- CEC signed by employer supported by a photocopy of the ID and passport of the employer
- Original copy of Income Tax Return filed with Host Government or Country
- Employment Contract
Aside from Pag-IBIG Fund, another government agency that you may turn to for a cash loan offer provided that you are a member of it is the Social Security System. More commonly called SSS, you can check its offer – SSS Cash Loan Requirements You Must Prepare in Applying for the Offer.