The Home Development Mutual Fund (HDMF), popularly known as Pag-IBIG (Pagtutulungan sa kinabukasan: Ikaw, Bangko, Industriya at Gobyerno) Fund offers Short-Term Loan (STL) such as Calamity Loan and the Multi-Purpose Loan (MPL).

The Pag-IBIG Multi-Purpose Loan (MPL) provide short-term financial assistance to qualified Pag-IBIG Members for any of the following purposes:

  • Minor home improvement/home renovation/upgrades
  • Livelihood/additional capital for small business
  • Tuition/educational expenses
  • Health and wellness
  • Purchase of appliance, furniture or electric gadgets
  • Payment of utility/credit cards bills
  • Vacation/ travel
  • Special events
  • Car repair
  • Others needs

Read: Step-by-Step Guide on How to Apply for a Pag-IBIG Housing Loan

Below are Guidelines and Instructions to apply for Pag-IBIG Multi-Purpose Loan (MPL)

Eligibility Requirements

1. Pag-IBIG Fund member has total savings equivalent to Php. 4,800.00 or at least twenty-four (24) monthly membership savings (MS);

2. Has made at least one (1) membership savings (MS) within the last six (6) months, as of month prior to date of loan application;

3. If with existing Pag-IBIG Housing Loan, the account must not be in default as of date of application;

4. If with existing MPL and/or Calamity Loan, the account/s must not be in default as of date of application; and

5. Submission of sufficient proof of income.

Read:  Pag-IBIG Housing Loan 2018: What Do You Need To Prepare? FAQs

How to Apply

The following documents should be submitted upon filing of application:

1. Completely filled-up Multi-Purpose Loan Application Form (it can be downloaded from the Pag-IBIG Fund website at and print back to back on one single sheet of paper or can be secured at any Pag-IBIG Fund office).

Pag-IBIG Multi-purpose loan

2. Prepare a Photocopy of at least 2 valid IDs

3. Attached Proof of Income, it depends on your membership categories,

a. For Employed

The “Certificate of Net Pay” portion at the back of the application form must be accomplished by the employer or submit photocopy of latest pay slip duly authenticated company’s authorized representative.


b. Self-Employed or Individual Payers

Photocopy of any of the following:

  • Business/Mayors Permit;
  • Commission Vouchers;
  •  Other valid proof of income

Loan Details

1. Loan Amount- The borrower’s loan entitlement is equivalent to 80% of his/her Total Accumulated Value (TAV).

2. Interest Rate- The loan shall be charged with an interest of 10.5% p.a. (equivalent rate of 17.50% based on diminishing principal balance).

3. Loan Term- The loan shall be repaid over a maximum period of twenty-four (24) months, with a grace period of two (2) months.

Mode of Loan Release

The loan proceeds shall be released through any of the following modes:

a) Crediting to the borrower’s disbursement card;

b) Crediting to the borrower’s bank account through LANDBANK’s Payroll Credit Systems Validation (PACSVAL);

c) Through check payable to the borrower. However, when the check remains unclaimed for a period of thirty (30) calendar days from the DV/Check date, the loan shall be cancelled.

d) Other acceptable modes of disbursement.

Loan Payments

  • For employed members-salary deduction
  • For voluntary members/ individual payers- over the counter


1. Original copies of photocopied required documents must be presented for authentication.

2. Employed member-borrower may not present original copies of the photocopied required documents provided that said documents is duly certified by the employer.

3. For filing of application thru a representative, submit the following:

  • Notarized Special Power of Attorney (SPA)
  • At least two (2) valid IDs of both parties

The MPL is a cash loan which aims to address the member’s immediate financial needs. For you to avail of every opportunity that PAG-IBIG is offering you, hurry update your membership.

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Janese is a staff writer at features mostly Public Info, she loves writing Public Info to guide and broadcast to our kababayans the basic and useful information that can be use in our daily lives. She is residing in Davao City for more than a decade. She is a full time accounting staff. During her free time, you'll most likely find her wandering in the market acquiring best veg’s & fruits for her DIY fruits juicers & salad veg’s, she can do planking up to 190 seconds, or inventing her own organic skincare products from fruits & veg’s which includes facial scrubs & mask, nursing her dark spot. She wants to dedicate her life to her church obligation, to her family, and owning a charity center accessible to the public especially to the children.


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