Pag-IBIG Multi-Purpose Loan calculator
With ₱60,000 in Pag-IBIG Regular Savings you can borrow ₱54,000 (90% of savings) at 1.4583% a month, and pay ₱2,761.11 a month over 24 months. That payment amortizes ₱54,000 plus ₱1,574.96 of grace-period interest (₱54,000 x 1.4583% x 2); total interest is ₱12,266.64. The first payment is due on or before the 15th of the month, starting on the third month from the disbursement voucher date; processing takes 2 to 3 working days. Circular No. 469, issued April 30, 2025
Your loanable amount is the lowest of three figures.Lowest of your desired amount, 90% of your Total Accumulated Value (your savings, your employer's share and dividends) less any outstanding MPL, Calamity Loan or HELPs balance, and your capacity to pay. Your capacity to pay means the payment may not push your net take-home pay below the minimum set by the General Appropriations Act or your company's policy. See your savings in Virtual Pag-IBIG. Circular No. 469, section 5
How much you can borrow and pay each month
- Monthly amortization on ₱54,000
- ₱2,761.11
- Most you can borrow (90% of savings, less what you owe)
- ₱54,000
- Per ₱10,000 borrowed
- ₱511.32 a month
- Total of 24 amortizations
- ₱66,266.64
- Grace-period interest (2 months), included in the payments
- ₱1,574.96
- Total interest
- ₱12,266.64
- Rate
- 1.4583% a month
Log in to Virtual Pag-IBIG (or its official app on Google Play or the App Store), check your Total Accumulated Value, then choose Apply for and Manage Loans, Apply for Short-Term Loan. Follow the application on the Loan Status Verification page. If you also have 36 posted SSS contributions, compare the cheaper SSS salary loan first. Pag-IBIG Fund
Pag-IBIG adds 2 months of interest on the full loan to the principal and amortizes the total at 1.4583% a month over your term, under Circular No. 469 issued April 30, 2025. Circular No. 469, section 6
12, 24 or 36 months
| On ₱54,000 | Per month | Grace interest (included) | Total interest |
|---|---|---|---|
| 12 months | ₱5,081.89 | ₱1,574.96 | ₱6,982.68 |
| 24 months | ₱2,761.11 | ₱1,574.96 | ₱12,266.64 |
| 36 months | ₱1,995.24 | ₱1,574.96 | ₱17,828.64 |
Pick the shortest term whose payment fits your take-home pay. On ₱54,000, 12 months saves ₱5,283.96 in interest against 24 months, while 36 months adds ₱5,562.00. Stretch to 36 months only if the 24-month payment would make you miss amortizations, because three missed in a row is a default.
If you have 36 posted SSS contributions, borrow from SSS first. The SSS salary loan charges 8% a year against about 17.5% a year here (1.4583% a month x 12). The MPL is the better choice when SSS will not lend you enough or you lack the contributions.
Next: Put the same amount through both in the SSS or Pag-IBIG calculator, then pick the term above.
What your savings let you borrow
| Savings (TAV) | Most you can borrow | 12 months | 24 months | 36 months |
|---|---|---|---|---|
| ₱20,000 | ₱18,000 | ₱1,693.96 | ₱920.37 | ₱665.08 |
| ₱50,000 | ₱45,000 | ₱4,234.91 | ₱2,300.93 | ₱1,662.70 |
| ₱100,000 | ₱90,000 | ₱8,469.81 | ₱4,601.85 | ₱3,325.41 |
| ₱200,000 | ₱180,000 | ₱16,939.62 | ₱9,203.71 | ₱6,650.82 |
Effective under Circular No. 469, issued April 30, 2025: 90% of your Total Accumulated Value, then the monthly amortization at 1.4583% a month with the grace interest included. Circular No. 469
Next: Look up your Total Accumulated Value on your savings record in Virtual Pag-IBIG; to grow it, see the Pag-IBIG contribution table 2026.
If a payment goes wrong
- Late amortization: 1/20 of 1% of the unpaid amount for every day of delay. On a ₱2,761.11 amortization that is ₱1.38 a day, about ₱41.42 for 30 days. Pay by the 15th of each month. For salary deduction, penalties are reversed and charged to the employer if you prove the missed payment was the employer's fault.
- Default: Missing any three (3) consecutive monthly amortizations or three (3) consecutive monthly Pag-IBIG savings, or wilful misrepresentation in the loan documents. The outstanding loan becomes due and demandable, and without demand Pag-IBIG Fund offsets it from your Total Accumulated Value, the savings the loan was based on. Keep both your amortizations and your monthly Pag-IBIG savings going; if money is tight, a longer term chosen at the start is safer than a default.
Next: Pay or check your balance through Virtual Pag-IBIG. If a calamity hits your area, the Calamity Loan lends at a lower rate.
How to file, step by step
Before you start
- A Virtual Pag-IBIG account, with at least 12 monthly savings and 1 in the last 6 months.
- A Pag-IBIG Loyalty Card Plus or a Landbank, DBP or UCPB cash card in your name, for the release.
- One valid ID, and a selfie holding that ID and the card if you apply online.
- Proof of income: your employer fills in the Certificate of Net Pay on the form, or you attach a payslip, ITR or other listed document.
Online, in Virtual Pag-IBIG:
- Go to Virtual Pag-IBIG, click Apply for and Manage Loans, then Apply for Short-Term Loan.
- Click Proceed once your requirements are ready.
- Fill in the details, including your cash card or Loyalty Card Plus, and upload your valid ID and a selfie holding that ID and the card.
- Allow 2 to 3 working days for processing and validation; you can follow it on the Loan Status Verification page. The Loan Status Verification page shows where your application stands; if nothing shows after 3 working days, contact your Pag-IBIG branch.
- Wait for the SMS that the loan has been credited to your card. The SMS means the money is on your card; no SMS yet means it has not been credited, so check the status page.
At a branch: Fill in form HQP-SLF-065 and submit it with the requirements at any Pag-IBIG branch or through your employer, then keep the STL Acknowledgment Receipt. The STL Acknowledgment Receipt is your proof of filing; keep it until the loan is credited.
Documents
- Accomplished Multi-Purpose Loan Application Form (HQP-SLF-065), one copy, printed back to back
- One valid ID
- Employed: the Certificate of Net Pay at the back of the form, filled in by your employer, or a photocopy of your latest one-month payslip authenticated by the company
- Self-employed: one of ITR with audited financial statements and tax receipt (with DTI registration and business permit), commission vouchers for the last 12 months, bank statements for the last 12 months, a transport franchise, a certificate of engagement, or a Declaration of Income
- OFW: employment contract or Certificate of Employment and Compensation from the past 12 months, or the ITR filed in the host country
- Photocopy of your payroll account or disbursement card (Landbank, DBP or UCPB cash card) for release of the proceeds
Form: HQP-SLF-065 Multi-Purpose Loan Application Form (MPLAF) (V10, 05/2025). Pag-IBIG MPL page, Requirements
Who can apply
- At least 12 monthly membership savings under Pag-IBIG Regular Savings
- Active membership, with at least 1 monthly savings within the last 6 months
- Any existing Multi-Purpose, Calamity or HELPs loan is not in default
Your monthly Pag-IBIG contribution counts toward the 12 monthly savings. Circular No. 469, section 4
For your own loan record, a missing credit or a payment that did not post, contact Pag-IBIG Fund at contactus@pagibigfund.gov.ph or your nearest branch. Pag-IBIG contact details
After a typhoon or earthquake: the Calamity Loan
If your area is declared under a State of Calamity, Pag-IBIG's Calamity Loan lends against the same savings at 5.95% a year instead of about 17.5%, with a 3-month grace period. You must apply within 90 days of the declaration, and the MPL and Calamity Loan together cannot pass 90% of your savings. See the Pag-IBIG Calamity Loan calculator. Circular No. 470
Questions about the Pag-IBIG MPL
How much can I borrow under the Pag-IBIG MPL?
Up to 90% of your Total Accumulated Value less any MPL, Calamity Loan or HELPs balance, under Circular No. 469, issued April 30, 2025: ₱100,000 in savings x 90% = ₱90,000.
What is the Pag-IBIG MPL interest rate in 2026?
1.4583% a month on the diminishing balance, set by Circular No. 469, issued April 30, 2025 and shown on Pag-IBIG's MPL page as of October 2, 2026.
When can I renew my Pag-IBIG MPL?
After paying at least 4 monthly amortizations and not earlier than the 6th month after the disbursement voucher date of your current loan (Circular No. 469, section 14.3). The balance of your current loan is deducted from the new loan.
Are there fees on the Pag-IBIG Multi-Purpose Loan?
None are listed in Circular No. 469, issued April 30, 2025; the cost is the interest alone.
Can I have an MPL and a Calamity Loan at the same time?
The MPL, HELPs and Calamity Loan are separate programs, so you may hold an MPL with an existing Calamity Loan or HELPs, but the total of your short-term loans may never pass 90% of your Total Accumulated Value (Circular No. 469, sections 14.1 and 14.2).
Is the Pag-IBIG salary loan the same as the MPL?
Yes. Pag-IBIG's cash loan for members is the Multi-Purpose Loan; it is separate from the SSS salary loan, and you may hold both.