Civil, Property, Family Laws

How To Avail Multi-Purpose Loan (MPL) and Calamity Loan for Pag-IBIG Members Affected by the COVID-19 Crisis.

Conducted by Speaker – Mr. Amado Isabelo Dizon, Senior Vice President for Member Services Sector


Eligibility

Eligible to apply for Pag-IBIG Fund MPL:

An active member who has contributed a total of twenty-four (24) monthly contributions (including non-successive payments). Only the preceding six (6) monthly contributions immediately prior to loan application must be successively paid.

Note: An “active member” is one who must have paid at least six (6) consecutive monthly contributions prior to the date of loan application.

Eligible to apply for Pag-IBIG Fund Calamity Loan:

  1. An active member who resides or works in an area placed under ECQ, and
  2. Has paid a cumulative twenty-four (24) monthly contributions and fulfills the six (6) consecutive monthly contribution requirement.
  • The threshold amount for allowable loan application shall be eighty percent (80%) of the total accumulated savings or “Pag-IBIG Regular Savings”, which shall include personal savings, counterpart contributions of employer, and dividends year-on-year.
  • A member can have an existing Pag-IBIG Fund MPL and still apply for Calamity Loan, as long as the member is updated with the payment of monthly contributions prior to the enhanced community quarantine done on 16 March 2020. The balance of the existing MPL will be deducted from the allowable loan threshold (80% of Pag-IBIG Regular Savings), and the difference shall be allocated for the Calamity Loan.
  • A member with an existing Pag-IBIG Fund MPL can still apply for another MPL, as long as s/he has paid at least six (6) monthly contributions in the existing MPL and is updated with monthly contribution payments prior to the enhanced community quarantine done on 16 March 2020. The balance of the existing MPL will simply be deducted from the allowable loan amount.


Steps for Filing E-mail Application

Option A: The member has a printer and scanner:

E-mail filing of loan applications for Multi-Purpose Loan (MPL) and Calamity Loan can be done during the enhanced community quarantine. The steps are as follows:

  1. Download the MPL or Calamity Loan application form from the Pag-IBIG Fund website. Print, fill up, and sign. Two (2) witnesses shall sign the form as well.
  2. Scan the document or take a photo and send to the employer/company HR or authorized representative. The employer/company will print and sign the Application Agreement portion. After signing, the employer will scan the document and send this back to the employee.
  3. The employee will scan or take a photo of one (1) valid ID and the Landbank, DBP, UCPB Cashcard or the front and back portion of the Loyalty Card Plus (must be the latest version with EMV chip).
  4. Send the loan application signed by both the employee and employer, copy of valid ID, and copy of the Cashcard through the email address enrolled with Pag-IBIG.

Note: The employer may also be the one to email the application form of the employee to Pag-IBIG, using only the employer’s official email address (not personal email address).

Option B: The member does not have a printer and scanner:

E-mail filing of loan applications for Multi-Purpose Loan (MPL) and Calamity Loan can be done during the enhanced community quarantine. The steps are as follows:

  1. Using a smartphone or computer, download and fill up the MPL or Calamity Loan Fillable Application Form, available at the Pag-IBIG Fund website.
  2. Save the completed form, without needing to print or sign.
  3. Email this form to the employer/company HR or its authorized representative, with a photo of one (1) valid ID and the Landbank, DBP, UCPB Cashcard or the front and back portion of the Loyalty Card Plus (must be the latest version with EMV chip).
  4. The employer will email the loan application to Pag-IBIG with a certification that the member is indeed an employee of the company and is applying for a Pag-IBIG MPL or Calamity Loan. The employer must only use the official employer email address in submitting Fillable Application Form.


Other Application Procedural Matters During the ECQ:

  • The e-mail filing of loan applications shall be sent to the list of email addresses provided by this link: https://www.facebook.com/PagIBIGFundOfficialPage/posts/3019721884715992.
  • There are no processing fees.
  • Processing will take around seven (7) to twenty (20) days. However, in the event of delay, patience and understanding are asked for given the current circumstances. The member will receive a text message from Pag-IBIG if the loan is approved, and the Loyalty Card Plus or Cashcard shall be credited with the loaned amount.
  • Submission of payslips is not a strict requirement.

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