Lists of Pag-IBIG Multi-Purpose Loan Requirements 2024 for Application Process
PAG-IBIG MULTI-PURPOSE LOAN REQUIREMENTS 2024 – You can check here a guide for the members on the documents required by the Pag-IBIG Fund.
In the Philippines, one of the biggest state entities is the Pag-IBIG Fund. Millions of Filipinos are members of the government institution. Its member populace is not only composed of Filipinos across the nation but as well as overseas Filipino workers (OFWs).
The Fund has several loan offers. Aside from the Pag-IBIG Housing Loan, the government institution also offers the Pag-IBIG Multi-Purpose Loan, a cash loan offer. It was designed to help the eligible members meet their short-term financial needs.
Under the Multi-Purpose Loan offer which is also called MPL, the loan may be repaid for up to 36 months thus there is really an option for light monthly installments. Also, the loan proceeds may be released in as fast as two (2) working days since the submission of the complete set of Pag-IBIG Multi-Purpose Loan requirements 2024.
The requirements for the Pag-IBIG Multi-Purpose Loan application depends if you are locally-employed, self-employed, or an overseas Filipino worker (OFW).
If you are a locally-employed member of the Pag-IBIG Fund, here are the documents that you need to submit in applying for the cash loan offer:
- duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
- photocopy of one (1) valid ID
- 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
There is a separate list of Pag-IBIG Multi-Purpose Loan requirements set for the self-employed members of the Fund. Here are the required documents:
- duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
- photocopy of one (1) valid ID
- 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
The overseas Filipino worker (OFW) members of the Pag-IBIG Fund may also qualify to the Multi-Purpose Loan offer. Here are the documents required in applying for the offer:
- duly-accomplished and signed Pag-IBIG Multi-Purpose Loan Application Form
- photocopy of one (1) valid ID
- 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
With regards to the identification documents accepted by the Pag-IBIG Fund, here are the IDs accepted by the government agency under the loan application:
- 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
