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The short-term loan programs at Pag-IBIG are offered to its active members with at least 24 months of contributions. Currently, there are two types of short-term loan programs offered by Pag-IBIG: Multi-Purpose Loan Program and Calamity Loan Program.
Multi-Purpose Loan Program the needs of active members such as medical, livelihood, home improvements, livelihood, purchase of appliances and other immediate needs.
Pag-IBIG Multiple-Purpose Loan Program Eligibility
- Must have at least 24 months of total contributions or at least P4,800 membership savings
- Must be a Pag-IBIG member of at least six months
- Must have a good credit standing if the applicant has existing Pag-IBIG housing loan, salary loan, and calamity loan
- Must have complete proof of income
Calamity Loan Program is offered to members affected by a recent calamity as proved by a declaration of calamity at the member’s area of residence.
How To Compute Pag-IBIG Loan Amount
Number of Monthly Contributions – Total Accumulated Value
24 to 59 months – Up to 60%
60 to 119 months – Up to 70%
At least 120 months – Up to 80%
Requirements
Two valid IDs (Photocopy)
Proof of Income (latest pay slips)
Pag-IBIG Calamity Loan Program Eligibility
- Must have at least 24 months savings
- Must be an active member of at least 5 months
- Must reside in the area where the Office of the President/Local Sanggunian declared under state of calamity
How much can you loan
The eligible member can loan up to 80% of the Total Accumulated Value (TAV). Remember that the current interest rate is 5.95% per annum.
Requirements
Duly accomplished Calamity Loan Application Form
Two valid IDs (Photocopy)
Proof of Income
Declaration of Being Affected by Calamity (For employed members)
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