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 — 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 →