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How To Apply For Pag-IBIG Short Term Loans

OFW STAFF/ADMIN March 1, 2019
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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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