“Anti-depression” Loan from PAGIBIG


My friend, are you sad?  Do you want to get out of your usual routine and have a grand vacation?  I guess even if you are not depress, everybody would want to go somewhere far to have a relaxing time and have a break from your usual routine.  And I also know everybody already have in mind where you want to go.  The next question to ask is: Do you have funds for your vacation?

If your saving is short or worst none and you’ve been working for 2 years or more, then have no fear for PAGIBIG is here!


Literally, PAGIBIG in Tagalog means love.  But the PAGIBIG I’m referring to is “The Home Development Mutual Fund (HDMF), popularly known as Pag-IBIG Fund (Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno), was created by virtue of Presidential Decree No. 1530 on June 11, 1978.  To provide its members with adequate housing through an effective savings scheme, Pag-IBIG Fund harnesses these four sectors of Philippine society: financial institutions, the industrial sector, the government, and the Filipino people. The Fund was created to address two of the nation’s basic concerns: (a) the generation of savings and (b) providing shelter for Filipino workers.” (source. Wikipilipinas).

PAGIBIG is popular as a Government Service for Filipino Workers who wants to loan to buy house and/or lot.  But not everybody knows that you can also request for Personal Loan to them via Short-Term Loan Program (STL Program). I first read about it in an article at ABS-CBN News website.  Initially, I did not believe it.  But I inquire at our HR and Accounting Department and they say its possible.  This Short-Term Loan Program that they are referring to is what they called Multi-Purpose Loan and I am already eligible for it!

To check if you are also eligible for this loan, here are the qualifications:

1. Has made at least twenty-four (24) monthly mandatory savings (MS).

2. For members who have withdrawn their MS due to membership maturity, the
reckoning date of the updated 24 MS shall be the first MS following the month
the member qualified to withdraw his MS due to membership maturity.

3. Has five (5) MS for the last six (6) months as of month prior to date of loan

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

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

If you think you pass the eligibility, the first thing you need to do is register to PAGIBIG Website and secure a PAGIBIG Number and membership card.  As of this time, members who were not yet registered online were requested to do so which is a part of PAGIBIG’s Automation and to update your records, too.  Although you can go to any of their offices to register (to know their offices location, click here), you can also do that online.  Just click on here and follow the simple instructions.

After which, secure a form by clicking here and fill out all the necessary information.  Our HR asked me to photocopy my one-month worth of payslip and attach it to the form.

MPLAF or Multi-Purpose Loan Application Form (first page only)

MPLAF or Multi-Purpose Loan Application Form (first page only)

There is a part on the form where you will choose your desired loan amount.  To guarantee approval, please check on the box below on the maximum amount you can borrow based on your contribution:


How long should I pay for my loan, in case I’m approved? The loan shall be repaid over a maximum period of twenty-four (24) months, with a grace period of two (2) months.

I have an existing loan with PAGIBIG, can I still avail of this loan?  Yes!  For as long as you have a payment of at least six (6) monthly installments and you meet the eligibility criteria.  However, the proceeds of the new loan shall be applied to the borrower’s outstanding MPL obligation and the net proceeds shall then be released to the borrower.  In case of full payment prior to loan maturity, a borrower shall be allowed to apply for a new loan anytime.  In short, they will process your loan but they will deduct the remaining balance of your first loan to the approved new loan.

How long should I wait to know if I am approved or not?  Not really sure here but I was informed by our Benefits and Compensation Department to wait for 2 weeks to a month.  Once approved, you will be informed by your Accounting or HR that you are and they will give you your cheque issued by PAGIBIG.  After encashment, you can already enjoy the benefits and use it for your planned vacation to unwind.  YEHEY!

For more information about this loan and any services of PAGIBIG, you may visit their website here or call them at (632) 724-4244, 24 hours during weekdays and 8:00 AM till 5:00 PM during weekends and holidays.

My friend, enjoy your hard-earned money. 🙂


P.S.  I am not commissioned by anybody to post or recommend their products, services or site.  I am not even working for the Government.  This post is for pure information to help anybody in need.


4 thoughts on ““Anti-depression” Loan from PAGIBIG

  1. wow! first job ko po tong current work ko and ngaun ko lang nalaman na ung tungkol dito at sa philhealth na blog nyo, thanks po ng marami, nalaman ko ang mga importanteng bagay na to.

    gusto ko din po i try tong loan na to pag naka 2 years na ako, pano ko po pala malalaman ang total accumulated value ko? and need ko po ba kumuha ng pagibig ID? saan naman po at ako ang kailangan sa pag kuha? thanks alot

    • Hi Jayem! Salamat ng marami para sa Pagbaba na ako ay nakakatulong. Hihi! I am very happy that you have a new job and already aware of the things you can avail.

      Based on the last update I got from a friend, it is necessary that you register and get a card at any PAGIBIG office near your place to avail of your privileges in the future. As for to your contributions, you can get those info from your employer or directly thru PAGIBIG.

      Be at your usual best and don’t forget to save for the future. Cheers!

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