Guide on When You Can Apply For Pag-IBIG Salary Loan Renewal
PAG-IBIG SALARY LOAN RENEWAL – Here is a guide on when you can renew your multi-purpose cash loan to Pag-IBIG Fund.
The Pag-IBIG Fund is now one of the government agencies in the Philippines with a lot of offers to the public. It is initially known for housing loans only.
The Pag-IBIG House Loan aims to provide affordable house financing to its members. It is the best turn-to for individuals who want to have their own house but receive low salary monthly.
Aside from providing affordable house financing options, the government agency also offers a cash loan now. It is through its Pag-IBIG Multi-Purpose Loan or also called as Pag-IBIG Salary Loan.
Under the Pag-IBIG Salary Loan, the member can borrow an amount to fund his or her house repair, the school expenses of the children, and some health and wellness expenses among others. There is a minimal qualification under this offer.
- Pag-IBIG Fund membership
- at least 24 monthly membership savings
- at least one (1) membership monthly savings for the last six (6) months
- proofs of source of income
Do you want to know how much you can borrow under this loan offer? It will depend on your contribution. You may visit – Pag-IBIG Salary Loan – How Much You Can Borrow Based On Contribution.
Should you wish to apply for the said loan offer, there are requirements that you must prepare. For a guide, you may visit – PAG-IBIG SALARY LOAN – How To Apply & Requirements To Prepare.
In case you have already borrowed some money from Pag-IBIG Fund under the said offer, renewal is possible when the need arises. When can you go for Pag-IBIG Salary Loan renewal?
According to an article on Cash Mart, the Pag-IBIG Salary Loan renewal is possible after paying at least six (6) monthly amortizations of your existing loan. Also, your current loan may be credited from your new loan.
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