Guide on the Requirements for Pag-IBIG Cash Loan Offer Application
REQUIREMENTS FOR PAG-IBIG CASH LOAN – Here are the documents that must be submitted by a representative who will process the Multi-Purpose Loan (MPL) application to Pag-IBIG Fund.
The Pag-IBIG Fund is one of the biggest government agencies in the country and its members come from the different walks of life. A huge part of its member populace are locally employed Filipinos.
In the case of locally employed members of the Fund, loan applications are usually filed by a representative. Many cannot leave their work multiple times for the processing of a loan application.
One of the loan offers of Pag-IBIG Fund is the Multi-Purpose Loan or MPL. It was crafted to help address the members’ short-term financial needs.
If a representative will be the one who will apply or process your application for the Multi-Purpose Loan (MPL), there will be a different set of requirements for the Pag-IBIG cash loan application.
Here are the requirements for Pag-IBIG Cash Loan offer if a representative will file the loan:
- Authorization Letter
- Valid IDs of both parties (1 Photocopy)
- Multi-Purpose Loan Application Form (MPLAF, HQP-SLF-065) (1 Original)
- Proof of Income
- For Formally-employed:
- The “Certificate of Net Pay” portion at the back of 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.
- For Self-Employed:
- ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registrant and Mayor’s Permit/Business Permit (1 Photocopy)
- Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months) (1 Original)
- Bank Statements or passbook for the last 12 months (in case income is sourced from foreign remittance, pension, etc.) (1 Original)
- Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTRFB for other PUVs) (1 Original)
- Certificate of Engagement issued by the owner of business (1 Original)
- Notarized Affidavit of Income (HQP-SLF-136) (1 Original)
- For Overseas Filipino Workers (OFW), any of the following:
- Employment Contract
- Employment Contract between employee and employer (1 Photocopy); or
- POEA Standard Contract (1 Original)
- Certificate of Employment and Compensation (CEC)
- CEC written on the Employer/Company’s official letterhead (1 Original); or
- CEC signed by employer (for household staff and similarly situated employees) (1 Original), supported by a photocopy of the employer’s ID and passport
- Employment Contract
- Income Tax Return filed with Host Country/Government (1 Original)
- For Formally-employed:
For a guide on the application process, kindly visit — Applying Pag-IBIG Cash Loan: Here’s How To Apply & the Requirements.