How long does it take to process Pag-Ibig multi-purpose loan?

The Pag-IBIG Fund Multi-Purpose Loan or MPL is a cash loan designed to help our members with any immediate financial need. A member can borrow up to 80% of their Pag-IBIG Regular Savings, and can be processed in as fast as 2 days!

What is MPL in Pag-Ibig?

Short-Term Loan (STL) The Pag-IBIG Fund Multi-Purpose Loan or MPL is a cash loan designed to help our members with any immediate financial need. A member can borrow up to 80% of their Pag-IBIG Regular Savings, and can be processed in as fast as 2 days!

How much is loanable in MPL?

Qualified members can borrow up to 80% of their total Pag-IBIG Regular Savings, which consist of their monthly contributions, their employer's contributions, and accumulated dividends earned. This means that the more you save in your Pag-IBIG Regular Savings, the higher loan amount you may apply for via the MPL.

Can I check my pag-ibig loan balance online?

Yes! You can still have access to many of Pag-IBIG Fund's services even if you do not have a Virtual Pag-IBIG account. However, to enjoy premium services, such as viewing your savings and loan records, you would need to create your own account. This is to ensure that your records with Pag-IBIG are kept safe.

Can I process my pag-ibig loan online?

You can easily apply for a Pag-IBIG MPL via the following options: Online, via Virtual Pag-IBIG by: Uploading your duly accomplished loan application form and requirements*; or. Completing the Pag-IBIG MPL application online form, for members whose employers are enrolled under the Virtual Pag-IBIG for Employers**

What is the interest rate of MPL in Pag-Ibig?

The MPL comes at a low interest rate of 10.5 percent per annum. It is worth noting that a significant part of the income derived by Pag-IBIG Fund from the MPL's interest is returned to its members in the form of dividends.

How is Pag-Ibig MPL calculated?

Calculations for the Pag-IBIG Multi-Purpose Loan amount are made ing to the individual's membership term, multiplied by their monthly contribution. From there, a 60% loan factor is applied. The amount you can loan increases as your monthly contributions increase, and so does the loan factor.

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Mpl Application Form.docx - Hqp-slf-065(v05 Multi-purpose ...

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Q: Can I check my pag-ibig loan balance online?

Yes! You can still have access to many of Pag-IBIG Fund&#039;s services even if you do not have a Virtual Pag-IBIG account. However, to enjoy premium services, such as viewing your savings and loan records, you would need to create your own account. This is to ensure that your records with Pag-IBIG are kept safe.

Q: What is MPL form?

MULTI-PURPOSE LOAN (MPL) APPLICATION FORM.

HQPSLF065 (V05, 02/2021)MULTIPURPOSE LOAN (MPL) APPLICATION FORM (To be filled out by applicant. Print this form back to back on one single sheet of paper)PagIBIG MID NO./RTNAPPLICATION NO.DATE OF.

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