Pag-IBIG Multi-Purpose Loan (MPL) Program: Your Guide to Quick Financial Assistance

In times of financial need, the Pag-IBIG Multi-Purpose Loan (MPL) Program offers a reliable solution for Filipinos seeking short-term funds. Whether it’s for home improvement, education, medical expenses, or livelihood support, the MPL provides accessible financing options to qualified members.​

What is the Pag-IBIG Multi-Purpose Loan (MPL) Program?

The Pag-IBIG MPL Program is a short-term loan facility designed to assist members with immediate financial needs. It caters to various purposes, including:​

• Home Improvement: Repairs, renovations, or enhancements to your residence.
• Education: Tuition fees, school supplies, or other educational expenses.
• Medical Expenses: Hospital bills, medications, or health-related costs.
• Livelihood: Capital for small businesses or entrepreneurial ventures.
• Other Needs: Travel, appliance purchases, or any legitimate financial requirement.​

Eligibility Criteria

To qualify for the MPL, members must meet the following requirements:

• Membership Savings: At least 24 monthly savings (contributions).
• Recent Contribution: At least one contribution within the last six months prior to the loan application.
• Active Membership: The member must be actively contributing to the Pag-IBIG Fund.
• Good Standing: If the member has existing Pag-IBIG loans (e.g., Housing Loan, Calamity Loan), the accounts must not be in default.

Loan Amount and Terms

• Loan Amount: Up to 80% of the member’s Total Accumulated Value (TAV), which includes the member’s contributions, employer’s contributions, and accumulated dividends.
• Interest Rate: A competitive rate determined by the Pag-IBIG Fund (please refer to the official website or nearest branch for current rates).
• Repayment Term: Payable over 24 months, with the first payment due on the second month following the loan release.​

Application Process

1. Complete the MPL Application Form: Available at any Pag-IBIG branch or downloadable from the official website.
2. Prepare Required Documents:
   • Valid government-issued ID.
   • Proof of income (e.g., payslip, income tax return, or certificate of employment).
3. Submit the Application:
   • In-person at the nearest Pag-IBIG branch.
   • Online through the Pag-IBIG Virtual platform (if available).
4. Wait for Approval: Processing time may vary; approved loans are released via check or direct deposit.​

Renewal and Re-application

Members can renew or re-apply for an MPL after paying at least six monthly amortizations of the existing loan and meeting the eligibility criteria.​

Important Reminders

• Timely Payments: Ensure monthly payments are made on time to maintain good standing and avoid penalties.
• Loan Default: Failure to pay may result in penalties and affect eligibility for future Pag-IBIG programs.
• Loan Balance: Outstanding balances will be deducted from the member’s TAV upon membership maturity or withdrawal.​

Contact Information

For more details or assistance:

• Website: www.pagibigfund.gov.ph
• Customer Service: (02) 8724-4244
• Email: [email protected]
• Branches: Visit the nearest Pag-IBIG branch for personalized assistance.​

The Pag-IBIG Multi-Purpose Loan Program stands as a testament to the Fund’s commitment to supporting its members in times of need. By providing accessible and affordable financial solutions, Pag-IBIG continues to empower Filipinos towards financial stability and growth.