Lists of Pag-IBIG Member Loans 2024 & their Eligibility Requirements for Application
PAG-IBIG MEMBER LOANS 2024 – You can check here a guide on the loan offers that members of the Pag-IBIG Fund may apply for.
Most of the members of the state-run social insurance giants, the Social Security System (SSS) and the Government Service Insurance System (GSIS), are also members of the Pag-IBIG Fund. These individuals as well as the other members of the Fund have wider access to loans.
There are several Pag-IBIG member loans that attend to financial needs amid the different situations. Below, you can check the list of loans that the members of the Fund may apply for and you can check the individual loans for their coverage, loanable amounts, loan terms, interest rates, etc.
Pag-IBIG Housing Loan
One of the main reasons behind the founding of the Pag-IBIG Fund is for low-income Filipinos to be assisted in getting their own house. Thus, the state entity offers the Pag-IBIG Housing Loan which can finance any of the following purposes:
- residential property acquisition
- house construction
- home renovation
- home loan take-out
- combined loan purposes
With regards to the qualifications in applying for the Housing Loan offer, here are the eligibility requirements that the member-loan applicant must meet to qualify:
- 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
Pag-IBIG Multi-Purpose Loan
The Fund also offers a cash loan that was designed to help meet the short-term needs of the qualified members — the Pag-IBIG Multi-Purpose Loan or also called MPL. This is another offer under the Pag-IBIG member loans that has helped countless people. Here are the qualifications under the 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
Pag-IBIG Calamity Loan
The Pag-IBIG Fund has also crafted a loan that its qualified members can turn to in times when a natural disaster has left their place under a State of Calamity — the Pag-IBIG Calamity Loan. Here is a list of the eligibility requirements set under 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