How To Apply A Pag-Ibig Salary Loan?

The Pag-ibig salary loan actually falls under the Multi-Purpose Loan (MPL) which you can use for minor home improvement/ home renovation/ upgrades; livelihood/ additional capital for small business; tuition/ educational expenses; health and wellness; purchase of appliance, furniture or electronic gadgets; payment of utility/ credit card bills; vacation/ travel; special events; car repair; or other needs.




Total savings equivalent to P4,800 or at least 24 monthly membership savings (MS)


Made at least 1 MS within the last 6 months, as of the month prior to date of loan application


If with existing Pag-ibig housing loan, the account must not be in default as of the date of the application



If with existing MPL and/ or calamity loan, the accounts must not be in default as of the date of the application and


Sufficient proof of income



Loan amount

Equivalent to 80% of total accumulated value (TAV)


If the borrower has an existing calamity loan, the loanable amount will be the difference between 80% of the borrower’s TAV and the outstanding balance of his/ her calamity loan.



Interest rate

The loan will be charged with an interest based on the prevailing guidelines of the program.


Term of loan

The loan will be paid over a maximum of 24 months, with a grace period of 2 months.



Sometimes referred to as personal loan, the MPL is one of the 2 short term loans provided by Pag-ibig as the need arises. The other one is the calamity loan. While Pag-ibig does not seem to have strict rules on what proceeds of the loan should be used for, not all members can avail of the program.

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