Guide in Applying for Pag-IBIG Cash Loan – Are You Employed or Self-Employed?
PAG-IBIG CASH LOAN – Here is a guide on whether the Pag-IBIG Fund Multi-Purpose Loan offer is open for both employed and self-employed applicants or not.
One of the best preparations against financial emergencies is to be equipped on the turn-tos in case it happens. You have several options – banks, lending companies, and government agencies offering loans among others.
If you plan to apply for a loan to a government agency, you may consider the Pag-IBIG Fund. You read it right. It is not only open for housing loans not but as well as for a multi-purpose loan.
The multi-purpose loan is a Pag-IBIG Cash Loan that can help you make ends meet, fund a house repair, make a big purchase, cope with medical expenses, etc. It is open for active members who have at least twenty-four (24) monthly membership savings.
With regards to the qualified employment status in applying for the said offer, both employed and self-employed members of the government agency may apply for Pag-IBIG Cash Loan. The difference will be on the payment mode.
According Pag-IBIG, employed applicants can pay for their monthly amortization through a salary deduction thus it must be arranged with their employer. For self-employed applicants and as well as overseas Filipino workers (OFWs), they can pay at any Pag-IBIG Fund branch.
How much can you borrow from the said multi-purpose cash loan offer? Feel free to visit this page – Pag-IBIG Salary Loan – How Much You Can Borrow Based On Contribution.
You might want a guide on how to apply including the requirements in applying for loan offer. You may visit – PAG-IBIG SALARY LOAN – How To Apply & Requirements To Prepare.
READ ALSO: Pag-IBIG Cash Salary Loan – How To Compute the Amount You May Borrow