Pag-IBIG Loans 2024 Qualified Members May Apply For — A GUIDE

Check Here the Pag-IBIG Loans 2024 for the Members

PAG-IBIG LOANS 2024 – Here is a guide on the Pag-IBIG Fund offers that the qualified members may apply for and their features.

Are you one of the millions of members of the Pag-IBIG Fund? Truth be told that many people are members of this government entity as a membership to the state entity is mandated at work but lots of individuals are quite not well-versed about the benefits of their membership.

Pag-IBIG Fund
Photo Credit: CNN Philippines

The Pag-IBIG Fund has several offers that attend to financially-challenging situations. These are loans which can help you buy a house, address your cash needs, or be an option that you can turn to in times when a natural disaster has struck your place. You can check on these offers below.

Pag-IBIG Loans 2024
Photo Credit: PHILREP Realty Corp

Each of the loan offers of the Pag-IBIG Fund has its own set of eligibility criteria for application. You can visit each of the offers to know about their loanable amounts, interest rates, and loan terms.

Among the three (3) Pag-IBIG loans, the most popular offer is the Pag-IBIG Housing Loan. Under it, a qualified member may apply for the financing of a vacant lot purchase, an acquisition of a residential property, house construction, home renovation, or home loan take-out.

The Fund also accepts combined loan purposes like financing a vacant lot purchase and the construction of a house on the said lot. To qualify for the offer, here are the eligibility requirements:

  • at least twenty-four (24) monthly membership savings
  • age of not more than sixty-five (65) years at the date of application and not more than seventy (70) years at maturity of the loan
  • legal capacity to encumber real property
  • possesses the ability to pass satisfactory background / credit and employment / business checks of Pag-IBIG Fund
  • no outstanding Pag-IBIG Short-Term Loan (STL) in arrears at the time of the loan application
  • no Pag-IBIG Housing Loan that was foreclosed, cancelled, bought back due to default, or subjected to dacion en pago
  • If with an existing Pag-IBIG Housing Loan as a principal buyer / borrower or co-buyer / co-borrower, the account must be updated

The multi-purpose cash loan offer of the Fund is the Pag-IBIG Multi-Purpose Loan or also called MPL. It aims to provide cash for qualified members to help address their short-term financial needs. Here are the qualifications set by the Fund in applying for the loan offer:

  • at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings program
  • in active membership, by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application
  • with sufficient proof of income

Also one of the Pag-IBIG loans is the Pag-IBIG Calamity Loan. As its name suggests, it is designed to help members during times when their area is under a State of Calamity. Here are the eligibility requirements that a member must meet to qualify for the loan offer:

  • living or working in an area declared under a State of Calamity
  • having at least one (1) monthly membership savings within the last six (6) months prior to the loan application
  • having updated existing loans if there is

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