What is the Pag-IBIG Multi-Purpose Loan?
The Pag-IBIG Multi-Purpose Loan (MPL) lets qualified members borrow up to 80% of their Total Accumulated Value (TAV). There are no restrictions on what you use the money for, medical, tuition, home repairs, emergency expenses, or business needs.
Official Pag-IBIG Portal: Apply online via Virtual Pag-IBIG at pagibigfundservices.com · Official website: pagibigfund.gov.ph
Quick facts: Up to 80% of your TAV · 10.5% interest per annum · No service fee · Up to 36-month repayment · 2–3 working days processing
Who Can Apply?
- Active Pag-IBIG member with at least 24 monthly contributions
- At least 1 contribution in the last 6 months
- Employer must be updated on Pag-IBIG remittances
- No existing Pag-IBIG loan in default
- TAV of at least ₱4,800
Only 24 contributions needed. That's just 2 years of membership. If you've been employed for 2+ years with consistent contributions, you likely qualify already.
How Much Can You Borrow?
Your loanable amount is up to 80% of your TAV, which is the total of all your Pag-IBIG contributions plus dividends earned.
Example: TAV of ₱50,000 → you can borrow up to ₱40,000.
To check your TAV: Log in to Virtual Pag-IBIG → My Savings → View TAV.
Interest Rate
| Item | Details |
|---|---|
| Interest Rate | 10.5% per annum |
| Service Fee | None |
| Late Payment Penalty | 1/20 of 1% per day on unpaid amount |
| Maximum Repayment | 36 months |
Documents Required
Employed members: Your MPLAF must be signed by your employer or HR officer before uploading. This is the most common cause of delays, coordinate with HR first.
How to Apply Online (Step by Step)
Go to pagibigfundservices.com. Register using your Pag-IBIG MID number, name, and birthdate if you don't have an account yet.
Download the Multi-Purpose Loan Application Form from the Pag-IBIG website. Fill out all fields and get your employer's signature. Print, sign, and scan or photograph clearly.
Log in → click Loans on the right panel → select Multi-Purpose Loan → click Apply.
Upload: (1) signed MPLAF photo, (2) valid ID photo, (3) selfie with ID and Cash Card. All photos must be clear, blurry uploads are the #1 reason for delays.
Confirm loan amount, repayment term (12, 24, or 36 months), and disbursement. Click Submit, you'll receive a reference number via email.
Processing takes 2–3 working days. Funds go to your Pag-IBIG Loyalty Card Plus or bank account. You'll receive SMS notification.
Pag-IBIG Mobile App: Also available for faster application on Android and iOS. Search "Virtual Pag-IBIG" on your app store or visit pagibigfund.gov.ph
Repayment
| Term | Est. Monthly Payment (₱20,000 loan) |
|---|---|
| 12 months | ~₱1,765/month |
| 24 months | ~₱923/month |
| 36 months | ~₱651/month |
Need money before Pag-IBIG approval?
MPL takes 2–3 days minimum. Online lenders can put money in your account today.
Compare Online Lenders →