How soon can I apply again for a Pag-ibig Multi-Purpose Loan or Short-term Loan?

You can apply again after you have paid at least 6 monthly amortizations,
and you have made 5 monthly contributions or savings within the last 6 months prior to new loan application.

The outstanding loan balance will be deducted from the new loan.

Can I apply again even if I defaulted on my Multi-Purpose Loan?
Yes, but only if you have paid at least 6 monthly amortizations before you defaulted and if Pag-ibig has already effected TAV offsetting, meaning Pag-ibig has already used your TAV to pay off your remaining loan balance.  TAV is the total of all your monthly savings, employers' contributions and dividends.

You can request Pag-ibig for immediate TAV offsetting if you can prove you're in any of the following situations:
 - Loss of job
 - Serious illness (either you or immediate family member). Present a medical certificate issued by a licensed doctor.
 - Death of an immediate family member

Can I apply again if I defaulted on  my loan and have not paid at least 6 monthly amortizations prior to default?
Yes, but only after 2 or more years.
You can apply again after 2 years from date of TAV offsetting. If your TAV offsetting was done 2 years after your loan release, then your waiting time is longer.

What is TAV offsetting again?
It means Pag-ibig will use your Total Accumulated Values (TAV) to pay off your unpaid loan.
TAV is the total of your monthly savings/contributions, your employers' contributions and your annual dividends.


Unknown said…
pag nag request ng TAV offset, ano waiting time para ma check if na offset na?
Unknown said…
Good day how nuch is the loan value if you have excisting loan that allready payed in i can loan?
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