How To Apply For Pag-IBIG Salary Loan?


When it comes to financial emergencies, seeking financial assistance is often the only option. However, accessing a loan may not be an easy task, especially if you have a bad credit score or no collateral to secure the loan. This is where the Pag-IBIG salary loan comes in handy.

The Pag-IBIG salary loan is one of the financial assistance packages that you can qualify for from a government agency. The other one is the SSS salary loan. Both programs are ideal alternatives for those that cannot qualify for the best loan app in the Philippines.

In this comprehensive guide, we will highlight the steps involved in applying for the Pag-IBIG salary loan. From who can qualify for the loan, to how much money you can borrow, and the loan application process, we have it all covered.

Why Borrow from Pag-IBIG?

The Pag-IBIG fund is a contribution-based system, meaning that you are borrowing your own money from the institution. As a result, the interest rates are lower than even loan apps with low interest rates. The only downside is that the approval process takes about two days, less than the duration required by a loan app with fast approval rates.

Because you are loaning from an institution that manages your own money, chances of getting approved for a loan are high. You only have to prepare the necessary documents.

Who Can Apply for Pag-IBIG Salary Loan?

Pag-IBIG members who have contributed for at least 24 months are eligible to apply for a Pag-IBIG salary loan. They must have contributed at least once in the previous six months before they apply for the loan. They must also have no outstanding debts with the Pag-IBIG program like a housing or calamity loan.

Self-employed and voluntarily contributing members can also apply. If their business is registered, they can submit their income tax returns, financial statements, official receipt (OR) from the Bureau of Internal Revenue, or most recent bank statements when applying.

How Do You Apply for a Pag-IBIG Salary Loan?

The application process for the Pag-IBIG multi-purpose loan is simple and straightforward. You can apply online if you have a virtual Pag-IBIG account. A virtual Pag-IBIG account has many perks and is essential for every HDMF member. Setting up your account is also easy; visit ( to get started.

When applying online through the virtual Pag-IBIG program, you will first learn that you will need a Loyalty Card Plus.

How to Apply for a Loyalty Card?

The Loyalty Card is the Pag-IBIG program’s automated teller machine (ATM) card for its members. This is where you can receive the proceeds from the Multi-Purpose Loan when your application is approved. You can also withdraw your MP2 savings into your Loyalty Card. Other benefits of being a Loyalty Cardholder include exclusive perks in schools, hospitals, gasoline stations, and many more.

Your employer can initiate the Loyalty Card application process on your behalf if you are currently employed. Alternatively, you can download and fill out the Pag-IBIG Loyalty Card Plus Application Form online.

After filling out the form, bring it to the nearest Pag-IBIG branch together with a photocopy of a valid ID for verification. The branch personnel will capture your biometrics, after which you will have to pay for the card. You will receive your Loyalty Card immediately afterward.

The Loan Application Process

There are two ways to apply for a Pag-IBIG salary loan or a multi-purpose loan. You can apply online or over-the-counter.

If you are contributing voluntarily, you would need to download the application form from the Pag-IBIG official website and fill it out. Once accomplished, scan the document and the accompanying requirements and initiate the application process on your Virtual Pag-IBIG account. On the other hand, if employed, you can fill up the application form as long as your employer is registered in the Pag-IBIG system.

Alternatively, you can take your documents to the nearest Pag-IBIG branch and submit them to the branch personnel.

What Are the Requirements For a Pag-IBIG Salary Loan?

If you are formally employed, you will need to prepare a copy of your most recent payslip and a photocopy of your disbursement or ATM card. Alternatively, you can have your employer or their representative sign the Certificate of Net Pay in the application form. Your employer should also certify your payroll disbursement account.

Self-employed and voluntarily contributing members can also apply. If their business is registered, they can submit their income tax returns, financial statements, official receipt (OR) from the Bureau of Internal Revenue, or most recent bank statements when applying.

In both cases, the applicant should fill up the Multi-Purpose Loan Application Form and prepare a copy of their valid IDs. They can check for Pag-IBIG’s acceptable valid IDs here (

How Much Money Can You Borrow From PAG-IBIG?

Pag-IBIG Fund members can borrow up to 80% of their Regular Savings. The Regular Savings are funded by your monthly contributions and differ from the MP2 savings.

To check your total savings, log in to your Virtual Pag-IBIG account. Logging in to your account will also help you decide whether the amount you can borrow is sufficient for your needs. You can also gauge if you need more help from other institutions like the Social Security System through the SSS salary loan.

How Soon Can You Receive the Proceeds of Your PAG-IBIG Loan?

The application and approval process takes two days. This means you can receive the proceeds of your multi-purpose loan through your Loyalty Card Plus or other accredited cash cards within the same period.

What Happens if You’re Not Qualified for a Pag-IBIG Loan?

There are alternatives to applying for a loan with the Pag-IBIG fund. You can apply for loan apps, some of which have the fastest approval processes in town. There are loan apps with low interest rates you can borrow money from.

In conclusion, applying for a Pag-IBIG salary loan is easy, and it provides a lower interest rate compared to other loan agencies. Start by setting up a Virtual Pag-IBIG account, get a Loyalty Card Plus, and prepare the necessary documents. Determine the amount you can borrow, and you will receive the proceeds of your loan within two days. If you do not qualify for the Pag-IBIG salary loan, there are other options such as loan apps with low-interest rates.

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CashLoanPH Changed status to publish 24/04/2023