HQP-SLF-065

MULTI-PURPOSE LOAN APPLICATION (MPLAF) (V08, 10/2024)

INSTRUCTIONS:

2. Type or print all entries in BLOCK or CAPITAL L

3. All data fields are mandatory. Otherwise, put N/A
LAST NAME FIRST NAME NAME EXTENSION
(e.g., Jr., II)

COMPLETE MOTHER’S MAIDEN NAMNATIONALITY

PRESENT HOME ADDRESS Unit/ Room No., Floor

Street Name Subdivision Barangay

PERMANENT HOME ADDRESS Unit/Room No., Floor

Street Name Subdivision Barangay

EMPLOYER/BUSINESS NAME

EMPLOYER/BUSINESS ADDRESS Unit/Room No., Floor

business
 Tuition/Educational Expenses  Car repair
 Health & wellness
Subdivision Barangay Municipality/City
 Purchase of appliance &
furniture/electronic gadgets
Housing Related  Others, specify
EMPLOYEE ID NUMBER DATE OF EMPLOYMENT SOURCE OF FUND

renovation/ upgrades
PREVIOUS EMPLOYMENT DETAILS FROM DATE OF Pag-IBIG MEMBERSHIP (Use a
EMPLOYER/BUSINESS NAME EMPLOYER/BUSINESS ADDRES

SIGNATURE OF APPLICANT PAYROLL ACCOUNT/DISBURSEMENT CARD

In the event of the approval of my application for Multi-Purpose Loan, I hereby authorize
Pag-IBIG Fund to credit my loan proceeds through my Payroll AccounNAME OF BANK/BRANCH
I have indicated on the right portion.

APPLICATION AGREEMENT
In consideration of the loan that may be granted by virtue of this appl This office agrees to collect the corresponding monthly
and Regulations of Pag-IBIG Fund, I hereby waive my rights under R.amortization on this loan and the MS of herein applicant
Pag-IBIG Fund to verify/validate my payroll account/disbursement carthrough salary deduction, together with the employer
___________________________________________________________
counterpart, and remit said amounts to Pag-IBIG Fund on or
in the future, to deduct the membership savings (MS) and monthly ambefore the 15th day of each month, for the duration that the loan
Fund. If the resulting monthly net take home pay after deducting the remains outstanding. However, should we deduct the monthly
take home pay as required under the GAA/company policy, I authoriz amortization due from the applicant’s salary but failed to remit
I understand that should I fail to pay the monthly amortization due, I it on due date, this office agrees to pay the corresponding
for every day of delay. penalty charged to applicant equivalent to 1/20 of 1% of any
If for any reason excess loan proceeds are erroneously credited to m unpaid amount for every day of delay and penalty for non-
Fund to debit/deduct the excess amount from my account without neeremittance equivalent to 1/10 of 1% per day of delay of the
insufficient, the Fund has the right to demand for the excess amount tamount payable from the date the loan amortization or
payments fall due until paid.
I authorize Pag-IBIG Fund to disclose, submit, share or exchange any of my account information to legal and government regulating
agencies, other banks, partner-merchants or third party in accordance with R.A. No. 9510 (Credit Information System Act), R.A. No.
10173 (Data Privacy Act of 2012), and other related or pertinent laws and regulations, as described in Pag-IBIG Fund’s Freedom of
Information (FOI) Manual. The credit information may also be transferred to service providers (e.g., Credit Information Corporation,
Bankers Association of the Philippines - Credit Bureau), likewise in accordance with laws and regulations.

Furthermore, I have read, understood and agree to be bound by the terms and conditions governing the
eDisbursement Facility/Program and Pag-IBIG Fund’s partner-banks’ internal guidelines.
I certify that the information given and any or all statements made herein are true and correct to the best of my knowledge and belief. I
hereby certify under pain of perjury that my signature appearing herein is genuine and authentic.
Pag-IBIG
Signature of Applicant Over Printed Name EMPLOYER ID NO.
PROMISSORY NOTE
For value received, I promise to pay on due date without need of demand to the order of 5. I shall be considered in default in any of the follo
Pag-IBIG Fund with principal office at Petron MegaPlaza, 358, Sen. Gil Puyat Avenue., City a. Any willful misrepresentation in any of the docum
of Makati the sum of Pesos: b. Failure to pay any three (3) consecutive monthly
c. Failure to pay any three (3) consecutive membe
(P_______________) Philippine Currency, with an interest at the rate of 10.5% per annum d. Violation of any of the membership/STL/housing
(equivalent rate of 17.50% based on diminishing principal balance), wiguidelines of the Pag-IBIG Fund.
grace period and shall be amortized equally over the term of the loan. 6. In the event of default, the outstanding loan oblig
deducted from the Total Accumulated Value (TAV)
I hereby waive notice of demand for payment and agree that any legal action, which may However, immediate offsetting of my outstanding lo
arise in relation to this note, may be instituted in the proper court of Makati City. immediately upon approval of my request, provided
Finally, this note shall likewise be subject to the following terms and conditions: following justifiable reasons and upon validation by
1. I shall pay the amount of Pesos: Separation from service by reason of health; Death
(P_______________) through salary deduction, whenever feasible, over a period of member; Distressed member due to unemploymen
two (2) years or three (3) years, with a grace period of 2 months. In case I am unable company; Critical illness of the member or any of h
to pay through salary deductions for any of the following circumstances, such as but certified by a licensed physician under one of the fo
not limited to, suspension from work; leave of absence without pay; insufficiency of take approval of the DCEO-Member Services Cluster: c
home pay at any time during the term of the loan; or other circumstances analogous to illness, stroke and neuromuscular-related illness; R
the foregoing, payments should be made directly to the Pag-IBIG Fund office where host country and other meritorious grounds as may
the loan was released. reason thereof, resulted in his failure to pay the req
2. Payments are due on or before the 15th day of the month starting o7. In the event of membership termination prior to
_________________________. obligation, shall be deducted from my TAV and/or a
3. Payments shall be applied according to the following order of priorities: Penalties, beneficiaries in the possession of the Fund. In case
Interest and Principal. obligation shall be computed up to the date of death
4. A penalty of 1/20 of 1% of any unpaid amount shall be charged to me for every day of of death shall be refunded to my beneficiaries.
delay. 8. In case of falsification, misrepresentation or any
Signed in the presence of: Pag-IBIG Fund shall automatically suspend my loa
with all the applicable rules and regulations govern
Pag-IBIG Fund may promulgate from time to time.
Witness Witness
(Signature Over Printed Name) (Signature Over Printed Name)
Signature of Applicant Over Printed Name
AUTHORITY TO DEDUCT (Optional)
In case of retirement/separation from employment, I hereby authorize my
or separation benefits to fully settle my loan obligation. In the event that my retirement/separation benefits are not sufficient to settle the outstanding
balance of my MPL or my employer fails for whatever reason, to deduct the same from said retirement/separation benefits, I hereby authorize
Pag-IBIG Fund to apply whatever benefits are due me from the Fund to settle the said obligation.
THIS PORTION IS FOR Pag-IBIG FUND USE ONLY
RECEIVED BY: APPROVED/DISAPPROVED BY:
(SIGNATURE OVER PRINTED NAME) (SIGNATURE OVER PRINTED NAME)
(POSITION/DESIGNATION) DATE (POSITION/DESIGNATION)
THIS FORM CAN BE REPRODUCED. NOT FOR SALE

HQP-SLF-065
(V08, 10/2024)
GUIDELINES AND INSTRUCTIONS

A. Who May File

Any Pag-IBIG Fund member who satisfies the following requirements:
CERTIFICATE OF NET PAY 1 Has made at least 24 monthly membership savings
▪ A member who has withdrawn his MS due to membership maturity or who ha
be allowed to apply for an MPL provided said member has subsequently accumulated 24 M
equivalent from the cut-off date of membership maturity or optional withdrawal.
▪ A member, who does not meet the required 24 MS, may nevertheless, be allo
savings is at least equivalent to 24 MS at the rate applicable to him.
2 Has made at least one (1) MS within the last six (6)
3 If with existing Pag-IBIG housing loan, the account
4 If with existing MPL and/or Calamity Loan, the acco
5 Has sufficient proof of income.
NAME OF BORROWER
B. How to File
The applicant shall:
1. Secure the Multi-Purpose Loan Application Form
For the month of: Pag-IBIG website at www.pagibigfund.gov.ph.
2. Accomplish one (1) copy of the application form
3. Submit the accomplished application form, toge
Processing of loans shall commence only upon sub
C. Loan Features
Basic Salary 1. Loan Amount
A qualified Pag-IBIG member shall be allowed to bo
1.1 Desired Loan Amount
Add: Allowances 1.2 Loan Entitlement
The loan entitlement shall be equivalent to eighty percent (80%) of TAV. However, if the bo
 calamity loan, the loanable amount shall be the difference between the 80% of the borrowe
outstanding balance of his calamity loan.
1.3 Capacity to Pay
The loanable amount shall be limited to an amount which will not render the borrower’s Ne
(NTHP) to fall below the minimum requirement as prescribed by the General Appropriation
policy, whichever is applicable.
2. Interest Rate
The loan shall be charged with an interest of 10.5% p.a. (equivalent rate of 17.5% based o
balance) with interest during the grace period and shall be amortized equally over the term
3. Loan Term
The loan shall be repaid over a period of two (2) years or three (3) years, at the option of th
application, with a grace period of two (2) months.
However, in the event that the borrower does not indicate the chosen loan term, the defaul
years.
4. Loan Release
The loan proceeds shall be released through any of the following modes:
a) Crediting to the borrower’s disbursement card or Loyalty Card Plus;
b) Crediting to the borrower’s bank account through LANDBANK’s Payroll Credit Systems
c) Check payable to the borrower. However, when the check remains unclaimed for a per
days from the DV/Check date despite notice to the borrower (either by email, registered ma
to his postal address, or Short Message Service (SMS) informing him that the same is ava
check shall be cancelled and the loan will be reversed.
d) Other acceptable modes of disbursement.
Gross Monthly Income 5. Loan Payments
5.1 The loan shall be paid in equal monthly payments in such amounts as may fully cover t
over the loan period. Said amortization shall be made, whenever feasible, through salary d
5.2 For self-employed individuals, Overseas Filipino Workers (OFWs), or other types of ind
payments shall be paid over-the-counter or any other modes of payment approved by the F
Less: Deductions 5.3 Payments shall be remitted to the Fund on or before the fifteenth (15th) day of each mo
(3rd) month following the date on the DV/check or manual disbursement voucher.
5.4 If the due date falls on a non-working day, the monthly amortization shall be paid on the
due date.
5.5 The borrower may fully pay the outstanding balance of the loan prior to loan maturity.
5.6 The borrower shall pay directly to the Fund in case the borrower is unable to pay throu
of the following circumstances, such as but not limited to:
a. Suspension from work
b. Leave of absence without pay
c. Insufficiency of take home pay at any time during the term of the loan; or
d. Other circumstances analogous to the foregoing.
5.7 Payment shall be applied according to the following order of priorities:
a. Penalties; if any
b. Interest; and
c. Principal
5.8 Any amount in excess of the required monthly amortization shall be applied to succeed
will be posted on the next due date.

6. Penalties
A penalty of 1/20 of 1% of any unpaid amount shall be charged to the borrower for every da
 paying through salary deduction, penalties shall only be reversed only upon presentation o
was due to the fault of the employer. In such case, penalties due from the borrower shall be
Non-remittance of the total loan amortization shall likewise subject the employer with a pen
of delay of the amounts payable from the date the loan amortization or payments fall due u
7. Default
The borrower shall be in default in any of the following cases, without need for demand:
a. Any willful misrepresentation made by the borrower in any of the documents executed in
Total Deductions b. Failure of the borrower to pay any three (3) consecutive monthly amortizations.
c. Failure of the borrower to pay any three (3) consecutive Pag-IBIG monthly savings; or
d. Violation by the borrower of any of the membership/STL/housing loan policies, rules, reg
Pag-IBIG Fund.
8. Effects of Default
In the event of default, the outstanding loan obligation shall become due and demandable.
Net Monthly Income obligation shall be deducted from the TAV after exerting all collection efforts.
D. Other Loan Provisions
1. The MPL and/or Calamity Loan programs shall be treated as separate and distinct from
shall be allowed to avail of an MPL while he still has an outstanding calamity loan, and vice
on these two programs shall be governed by their corresponding guidelines.
2. In no case shall the aggregate STL exceed eighty percent (80%) of the borrower’s TAV.
3. For both 2-year and 3-year terms, a borrower may renew his/her MPL after payment of
amortizations; not earlier than the sixth (6th) monthly amortization due date; and provided t
requirement. The approved loan shall be applied to the borrower’s outstanding MPL obliga
Issued this ________ day of ____, 20___. shall then be released to him. In case of full payment prior to loan maturity, a borrower sha
new loan anytime thereafter.
4. In the event of membership termination prior to loan maturity, the outstanding loan oblig
I certify under pain of perjury that the the borrower’s TAV and/or any amount due him or his beneficiaries in the possession of th
abovementioned information is true and borrower’s death, the outstanding loan obligation shall be computed up to the date of death
after death shall be refunded to the borrower’s beneficiaries.
correct. 5. Borrower may request for the immediate offsetting of his/her outstanding MPL balance a
effected upon approval of the borrower’s request, provided, the request is based on the foll
Total disability or insanity; Separation from service by reason of health; Death of member’s
Distressed member due to unemployment limited to layoff and/or closure of company; Criti
any of his/her immediate family member, as certified by a licensed physician under one of
AUTHORIZED SIGNATORY subject to the approval of the DCEO-Member Services Cluster: cancer, organ failure, heart
(Signature Over Printed Name) neuromuscular-related illness; Repatriation of OFW member from host country and other m
be approved for by the Board, by reason thereof, resulted in his failure to pay the required
6. If TAV offsetting has been effected on the borrower’s defaulting MPL, he may apply for
paid at least (6) monthly amortizations prior to default and its consequent offsetting against
However, if he has paid less than 6 monthly amortizations prior to default, he may apply fo
(2) years from the date of TAV offsetting.
7. In case there is a need to update in the borrower’s address and contact details (i.e. pres
home address, email address, cell phone number, home telephone number and business t
of loan application, the borrower shall not be required to submit Member’s Change of Inform
PFF-049). The updating of information shall be based on the submitted MPLAF.
However, in case the information that needs to change/update is other than the address an
concerned borrower is required to submit the accomplished MCIF together with the suppor
necessary. Please refer to the Checklist of Requirements specified at the back portion of th
 1. Accomplish this form in one (1) copy only. Print this form back to back on one single sheet of paper. Pag-IBIG MID NO.
ntries in BLOCK or CAPITAL LETTERS.
mandatory. Otherwise, put N/A if not applicable.
MIDDLE NA MAIDEN MIDDLE NAME NO MIDDLE NAME DATE OF BIRTH
(for married women) (check if applicable only)

SEX MARITAL STATUS CITIZENSHIP
 Male  Single/Unmarried  Widow/er  Annulled
 Female  Married  Legally Separated
Building Name Lot No., Block No., Phase No. House No. CELL PHONE NUMBER
Municipality/City Province/State/Country (if abroad) ZIP Code APPLICANT’S TAXPAYER
IDENTIFICATION NUMBER (TIN)
Building Name Lot No., Block No., Phase No. House No. BUSINESS TELEPHONE
NUMBER
Municipality/City Province/State/Country (if abroad) ZIP Code LOAN TERM
 Two (2) Years
 Three (3) Years
LOAN PURPOSE
Non-Housing Related
 Livelihood/additional cap
Building Name Lot No., Block No., Phase No. House No. Street Name

Province/State/Country (if ZIP Code  Payment of utility/credit card bills

 Minor home improvement/home

ag-IBIG MEMBERSHIP (Use another sheet if necessary)

FROM (mm/yy) TO (mm/yy)
 AUTHORIZED SIGNATORY
(Signature Over Printed Name)

DESIGNATION

AGENCY CODE BRANCH CODE

red in default in any of the following cases:

resentation in any of the documents executed in relation hereto;
y three (3) consecutive monthly amortizations;
y three (3) consecutive membership savings;
f the membership/STL/housing loan policies, rules, regulations, and

fault, the outstanding loan obligation shall become due and shall be
Total Accumulated Value (TAV) after exerting all collection efforts.
e offsetting of my outstanding loan obligation may be effected
pproval of my request, provided such request is based on the
reasons and upon validation by the Fund: Total disability or insanity;
vice by reason of health; Death of member’s immediate family
d member due to unemployment limited to layoff and/or closure of
ness of the member or any of his/her immediate family member, as
ed physician under one of the following categories, subject to the
EO-Member Services Cluster: cancer, organ failure, heart-related
euromuscular-related illness; Repatriation of OFW member from
her meritorious grounds as may be approved for by the Board, by
ulted in his failure to pay the required amortization when due.
embership termination prior to loan maturity, any outstanding loan
deducted from my TAV and/or any amount due me or my
possession of the Fund. In case of my death, the outstanding
omputed up to the date of death. Any payment received after date
unded to my beneficiaries.
ation, misrepresentation or any similar acts committed by me,
l automatically suspend my loan privileges indefinitely. I shall abide
le rules and regulations governing this lending program that
promulgate from time to time.

ant Over Printed Name

SIGNATURE OF APPLICANT
tle the outstanding

R PRINTED NAME)
DATE

4 monthly membership savings (MS);

mbership maturity or who has optionally withdrawn his MS, shall
subsequently accumulated 24 MS or at least its
optional withdrawal.
S, may nevertheless, be allowed to avail of an MPL if his total

ne (1) MS within the last six (6) months prior to the date of loan application;
IBIG housing loan, the account must not be in default as of the date of application;
and/or Calamity Loan, the account/s must not be in default as of date of application; and

-Purpose Loan Application Form (MPLAF) from any Pag-IBIG Fund Branch or download from
www.pagibigfund.gov.ph.
(1) copy of the application form.
mplished application form, together with the required documents to any Pag-IBIG Fund Branch.
shall commence only upon submission of the complete documents.

G member shall be allowed to borrow an amount based on the lowest of the following:

80%) of TAV. However, if the borrower has an existing

 etween the 80% of the borrower’s TAV and the

ill not render the borrower’s Net Take Home Pay

d by the General Appropriation Act (GAA) or company

quivalent rate of 17.5% based on diminishing principal

amortized equally over the term of the loan.

ree (3) years, at the option of the member upon loan

he chosen loan term, the default term shall be three (3)

BANK’s Payroll Credit Systems Validation (PACSVAL);

ck remains unclaimed for a period of thirty (30) calendar
r (either by email, registered mail or personal delivery
rming him that the same is available for release, the

ch amounts as may fully cover the principal and interest

never feasible, through salary deduction.
rs (OFWs), or other types of individual payors, monthly
s of payment approved by the Fund.
e fifteenth (15th) day of each month, starting on the third
disbursement voucher.
amortization shall be paid on the first working day after the

the loan prior to loan maturity.

borrower is unable to pay through salary deduction for any

m of the loan; or

der of priorities:

tion shall be applied to succeeding amortizations which

ged to the borrower for every day of delay. For borrowers

ersed only upon presentation of proof that non-payment
s due from the borrower shall be charged to the employer.
subject the employer with a penalty of 1/10 of 1% per day
ortization or payments fall due until paid.

s, without need for demand:

y of the documents executed in relation hereto.
monthly amortizations.
Pag-IBIG monthly savings; or
housing loan policies, rules, regulations and guidelines of

become due and demandable. The outstanding loan

collection efforts.

d as separate and distinct from each other. Hence, the member

standing calamity loan, and vice versa. Application for loans
nding guidelines.
nt (80%) of the borrower’s TAV.
w his/her MPL after payment of equivalent to six (6) monthly
ization due date; and provided that he meets the eligibility
ower’s outstanding MPL obligation and the net proceeds
o loan maturity, a borrower shall be allowed to apply for a

urity, the outstanding loan obligation shall be deducted from

ficiaries in the possession of the Fund. In case of the
omputed up to the date of death. Any payments received

/her outstanding MPL balance against his/her TAV. It shall be

the request is based on the following justifiable reasons:
on of health; Death of member’s immediate family member;
and/or closure of company; Critical illness of the member or
censed physician under one of the following categories,
ster: cancer, organ failure, heart-related illness, stroke and
er from host country and other meritorious grounds as may
n his failure to pay the required amortizations when due.
aulting MPL, he may apply for a new MPL provided he has
s consequent offsetting against the borrower’s TAV.
prior to default, he may apply for a new loan only after two

ess and contact details (i.e. present home address, permanent

ephone number and business telephone number) at point
bmit Member’s Change of Information Form (MCIF, HQP-
e submitted MPLAF.
ate is other than the address and contact details, the
MCIF together with the supporting documents, if
pecified at the back portion of the MCIF.
 APPLICATION NO.

PLACE OF BIRTH

EMAIL ADDRESS

HOME TELEPHONE NUMBER

SSS/GSIS NO.
ON NUMBER (TIN)
NATURE OF WORK

DESIRED LOAN AMOUNT

 Maximum Loan Amount
 Others, specify: ______________

 Vacation/travel
 Special events