Pag-ibig Multipurpose Loan or Pag-ibig Salary Loan 

How Much Can You Borrow?

Your Pag-ibig Loan Amount depends on your total savings with Pag-ibig.

Your total savings with Pag-ibig is the total of all your monthly contributions and all annual dividends added by Pag-ibig. Your total savings is called  Total Accumulates Values or TAV

If you have paid 24 to 59 contributions, you can borrow up to 60% of your TAV.

If you have paid 60 to 119 contributions, you can borrow up to 70% of your TAV.

If you have paid 120 contributions or more, you can borrow up to 80% of your TAV.

You should be a currently-paying member.
You should have paid contributions for at least 5 of the 6 months immediately prior to your loan application.

For individual Payors:
You need to attach a document  to prove you have a source of income, like commission receipts, remittance receipts, certificate of source of income by your barangay, etc. 

When Can I Renew My Pag-ibig Multi-Purpose Loan?

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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