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A qualified Pag-IBIG member shall be allowed to borrow an amount up to a maximum of Six Million Pesos (Php 6,000,000.00), which shall be based on the lowest of the following: The Members Actual Need, His Loan Entitlement Based On Capacity To Pay, The Loan-To-Appraisal Value Ratio.
A qualified Pag-IBIG member shall be allowed to borrow an amount up to a maximum of Six Million Pesos (Php 6,000,000.00), which shall be based on the lowest of the following: The Members Actual Need, His Loan Entitlement Based On Capacity To Pay, The Loan-To-Appraisal Value Ratio.
Qualified members can borrow up to 80% of their total Pag-IBIG Regular Savings, which consist of their monthly contributions, their employers contributions, and accumulated dividends earned. This means that the more you save in your Pag-IBIG Regular Savings, the higher loan amount you may apply for via the MPL.
The Pag-IBIG MPL can be used for any of the following purposes: Medical expenses; Minor home improvement; Capital for a small business; Tuition fee and other education-related expenses; Purchase of furniture, appliances or electronic gadgets; Payment of utility and credit card bills; Vacation and travel; Special events;
Pag-IBIG Multi-Purpose Loan Eligibility Have made at least one Membership Savings within the last six months, as of the month prior to the date of loan application. With sufficient proof of income. Account must not be in default if with an existing Pag-IBIG Housing Loan, Multi-Purpose Loan and/or Calamity Loan.
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The loan is payable in 24 or 36 monthly installments, with the first payment deferred for two months. The Pag-IBIG MPL comes at an interest rate of 10.5 percent per year.
Pag-IBIG Multi-Purpose Loan Eligibility Have made at least one Membership Savings within the last six months, as of the month prior to the date of loan application. With sufficient proof of income. Account must not be in default if with an existing Pag-IBIG Housing Loan, Multi-Purpose Loan and/or Calamity Loan.
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.

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