Guide on Pag-IBIG Multi-Purpose Loan Requirements for Application
PAG-IBIG MULTI-PURPOSE LOAN REQUIREMENTS – Here is a list of the documents that you must submit in applying for MPL to Pag-IBIG Fund.
There are several benefits to being a member of the different government agencies in the Philippines. One of these state institutions with several offers is Pag-IBIG Fund.
The most popular offer of Pag-IBIG Fund is the Housing Loan. Meanwhile, it has widely incorporated new offers and programs through the years. Among them are the calamity loan offer and the cash loan offer, the Multi-Purpose Loan.
In applying for the cash loan offer of the government agency, there are the Pag-IBIG Multi-Purpose Loan requirements that must be submitted for evaluation. All loan applications are subject to the approval of the government agency.
The Pag-IBIG Multi-Purpose Loan requirements vary depending if the borrower is employed, self-employed, or an overseas Filipino worker (OFW). You may check the list below for reference:
General Requirements:
- Pag-IBIG Multi-Purpose Loan Application Form
- valid ID
- proof of income (refer below)
If you are employed, prepare the following:
- “The ‘Certificate of Net Pay’ portion at the back of the application form must be accomplished by the employer or submit photocopy of one (1) month latest payslip duly authenticated by the company’s authorized signatory”.
If you are self-employed, prepare any of the following:
- original copy of Notarized Affidavit of Income
- original copy of Bank Statements or passbook for the last 12 months
- original copy of Certificate of Engagement issued by the owner of business
- photocopy of Income Tax Return (ITR), Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registrant and Mayor’s Permit/Business Permit
- Certified True Copy of Transport Franchise issued by appropriate government agency (original)
- original copy of Commission Vouchers reflecting the issuer’s name and contact details
If you are an overseas Filipino worker (OFW), prepare any of the following:
- Certificate of Employment and Compensation (CEC)
- Employment Contract
- Income Tax Return (ITR) with Host Country or Government
To apply, go to the main office or branch of Pag-IBIG Fund nearest to you and submit your Pag-IBIG Cash Loan requirements. The loan processing may take a few working days. Wait for an update from the government agency.
You may also visit – SSS Cash Loan Requirements You Must Prepare i
