PAG-IBIG LOAN – Who May Borrow Through the Pag-IBIG Multi-Purpose Loan

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Guide on Who Are Eligible for the Pag-IBIG Loan (Multi-Purpose Loan Program)

PAG-IBIG LOAN – Here is a guide on who may borrow cash through the Multi-Purpose loan offer of the Pag-IBIG Fund.

A huge part of the Filipino populace are members of the Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno or more commonly called as Pag-IBIG Fund.

Pag-IBIG is a government agency that is tasked to provide affordable financing to the people most especially with regards to the acquisition of a residential property. An active member of the program may apply to be financially assisted in purchasing his or her target property.

Aside from the Pag-IBIG Housing loan, the government agency also offers a Pag-IBIG loan that can serve flexible purposes apart from the acquisition of a residential property.

Pag-IBIG Loan

Based on the official website of the agency, the said flexible Pag-IBIG Loan is under the Multi-Purpose Loan program. It can be applied for to serve a variety of purposes including:

  • funding a car repair
  • improving a house
  • paying for tuition or educational expenses
  • putting up a business
  • funding a special event
  • travel expenses
  • payment of credit card bills or utility bills
  • purchase of gadgets, furniture, appliances, etc.

With regards to the eligibility requirements in applying for the said loan offer, here is a list of what the applicants need to comply to be eligible for application:

The applicant must:

  • be a member of Pag-IBIG Fund
  • have posted at least 24 monthly membership savings
  • have posted at least one(1) monthly membership savings within the last six(6) months
  • submit a proficient information on his or her source of income

To apply for the Pag-IBIG offer, you may visit the nearest office to obtain for a copy of the application form.

Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.

READ ALSO: PAG-IBIG LOAN REQUIREMENTS – List of Requirements for Salary Loan

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