How to Apply for PAG IBIG Salary Loan? [2025]

Are you interested in applying for a PAG IBIG salary loan and acquiring your payment safely? You are proficient in applying for it via your virtual account access instead of visiting your nearest branches. However, we’re delivering a straightforward guide to you about how to apply for Pag IBIG salary loan and become a member of PAG loan funding.

A salary loan is usually represented in the form of Multi-Purpose Cash and Calamity loan offers. In 2021, PAG launched a cash loan of around PHP 36.5 billion for its borrowers. Here we’ve extended the returning terms by 2-3 years. You can meet your requirements and use this facility in emergencies.

You Need: PAG IBIG Salary Loan Calculator

Contents

1 How to Apply for PAG IBIG Salary Loan?
2 PAG IBIG Salary-Loan Eligibility Criteria
3 PAG Salary Loan Requirements
4 Apply for PAG IBIG Salary Loan?
- 4.1 Apply by Email
- 4.2 Apply by Virtual PAG-IBIG Fund
5 How to Calculate the Salary Loan?
6 FAQs
7 Final Thoughts
8 Author

How to Apply for PAG IBIG Salary Loan?

This multi-purpose loan MPL is accessible to every member who wants to get in cash. This cash availability is officially designed for qualifying people. Collect this loan quickly within two or three days and with access to 80% of your regular savings. You may fulfill your immediate financial needs by attaining this great offer.

Although we have to face natural pandemics, casual, immediate needs such as education, car repair, household management, kids’ studies requirements, etc. Here we need to gain some cash amount. The major purposes for electing this paycheck loan:

Vacation and travel
Money for small workouts
Medical expenses
Minor renovation at home
Special events
Purchasing electronic or appliances gadgets,
Furniture trading
Tuition fees or other educational expenses
Vehicle repair
Credit card bills and utility payment
Other needs

However, MPL or salary loan meets with 10.% per annum rate of interest. PAG-IBIG Fund has assigned an additional benefit to your loan owners. You are capable of earning the dividends of your payment that PAG organization deducts a significant part of your MPL interest.

PAG IBIG Salary-Loan Eligibility Criteria

You may qualify for this loan if you consider the eligibility scenario:

The desired one should be active Membership. You must have the one-month loan membership interest in the last six months before the date of its application.
Individuals must have membership savings for 24 months (2 years) in PAG regular plans.
A salary loan account won’t be in default if it’s taken along with an existing Housing loan.
Member’s employment source
Qualifying members’ 80% interest comprises their contributions, monthly payments, and earned dividends. It represents that you may acquire the higher loan payment in MPL from that you can save in your Regular Savings.

PAG IBIG Salary-Loan Eligibility Criteria

PAG Salary Loan Requirements

Original form of loan application (MPLAF, HQP-SLF-065)
Income source > formally employed workers; The “certificate of their net salary” portion is exposed on the application’s backside. You need to complete it with the latest payment slip and accurately verified by your company’s signatory.
Membership ID to funds with a photocopy
Income proof > Self-Employed;
Engagement Certificate that’s issued by business owners (original form)
ITR > Tax payment official receipt that can be received from the bank, Audited Financial Statements. This receipt is verified by DTI allowance (1 Photocopy)
Passbook or bank Statements of around 12 months > represents that if your income is associated with a pension, foreign remittance etc. (original form)
Commission Receipts; comprise the contact details and name for the previous 1 year (Original form)
Income letter verified from Authorized community (Original form) (HQP-SLF-136)
Transport Franchise certified copy; it must be issued by a Government agency (LTRFB for other PUVs and LGU for tricycles)
Income source > OFWs
Employment agreement letter; 1 photocopy of the agreement between employer & employee Or 1 original form of POEA Standard Contract.
Original form of Tax returning files of income with the host country
CEC > Certification of Employment with Compensations; the original form of this form, that is written by your company’s letterhead Or employer’s signed CEC.

Note that you must keep the original forms wherever the photocopies are required. These original forms may require members’ identification and verification.

Apply for PAG IBIG Salary Loan?

Although, applying for the paycheck MPL loan is quite a favorable and easy task. You can acquire this short-term loan by email process completion or via PAG IBIG’s virtual portal.

Apply by Email

Get and prepare the salary loan form for obtaining the MPL.
Now achieve the email form of PAG-IBIG Fund. You can get this form from our fund coordinator, HR, or associated representatives with these photocopies.

Loyalty Card Plus
Valid ID
UCPB card
DBP cash card
Landbank card

The company’s representative will ensure your loan application confirmation by email.
Now send or email your MPL documents to the PAG branch thru email. Your salary loan process is accomplished carefully.

Apply by Virtual PAG-IBIG Fund

As PAG, IBIG has created the maximum ways for your loan achievement. You can select any of your desired ways, so here we’re going to discuss the virtual PAG IBIG loan application process

Enter your appropriately completed loan contract letter with related requirements
You can accomplish the application form online. This option is accessible to those members who have assigned their Virtual portals
Accessible for applicants with Loyalty Card Plus. Avail for those who are wishing to apply for bank-issued cash cards or Loyalty Card Plus.

How to Calculate the Salary Loan?

While applying for a salary loan at PAG-IBIG Fund, your entire amount depends on TAV. Hence, your total accumulation value depends on your salary and income source. It might be a new thing as to how you can calculate your entire charges of loanable payments.

PAG offers this loan as your contributed payment multiplies by loan on account of the official %age.

Monthly Contributions	TAV
24 – 59 months	>60%
60 – 119 months	>70%
Almost for 120 months	>80%

Suppose with Php200.00 monthly contribution. Let’s calculate your Salary Loan

Inspect your offered monthly charges
Multiply your charges by PHP 200.00
check your %age from the table and analyze where you’re falling
Get your accurate TAV on account of our official calculated %age form salary loan.

FAQs

How can I compute the loanable payment of the salary loan from PAG IBIG?

Usually, PAG delivers the 80% loan to applicants. So, from PAG IBIG savings, this loan amount depends on TAV, member’s monthly %age and member’s monthly contribution.

How can you apply PAG salary loan requirements?

The following requirements are specific for qualifying for this loan:
1) PAG active membership with 1-month savings in the previous 6-months before the date of applying for this loan
2) Applicants must have the 24 monthly regular savings plan with PAG IBIG.
3) All related documents (original and photocopies)

How much payment is accessible for one’s Salary loan?

PAG IBIG loan owners may apply for PHP 1,250,000 – 6,000,000 amount. Meanwhile, PAG grants an 80% loan of the entire amount.

Who can access the salary loan in the Philippines?

PAG has brought loans, including houses, calamity, multi-purpose, and short & long-term loans for all inhabitants. You should accomplish the eligibility criteria for applying for and getting this loan. Hence, the salary loan is accessible for all self-employed, employed, OFWs and other individuals.

Final Thoughts

The salary loan of PAG IBIG is open to all borrowers. You may accomplish your sudden financial requirements with this salary loan. You need to analyze the actual application process and how you can compute your amount. So, if you’re applying for this loan first time, it’s the top-notch decision that gets your MID card and applies for this flexible-termed salary loan. Hence, you can enjoy your immediate needs instead of bothering them.

Author

Marina Aguilar
Marina Aguilar is a freelance writer and editor with a passion for personal finance and real estate. She has been writing about finance and housing for over five years and has worked with various clients, including banks, financial institutions, and real estate developers. Marina believes that everyone deserves access to affordable housing and is committed to helping Filipino workers achieve their dream of homeownership through the Pag-IBIG Fund's housing loan program. In her free time, Marina enjoys hiking, reading, and spending time with her family.
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