HQP-SLF-065

(V08, 10/2024)
MULTI-PURPOSE LOAN APPLICATION FORM (MPLAF)
INSTRUCTIONS:
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. APPLICATION NO.
2. Type or print all entries in BLOCK or CAPITAL LETTERS.
3. All data fields are mandatory. Otherwise, put N/A if not applicable.
LAST NAME FIRST NAME NAME EXTENSION MIDDLE NAME MAIDEN MIDDLE NAME NO MIDDLE NAME DATE OF BIRTH PLACE OF BIRTH
(e.g., Jr., II) (for married women) (check if applicable only)

COMPLETE MOTHER’S MAIDEN NAME NATIONALITY SEX MARITAL STATUS CITIZENSHIP EMAIL ADDRESS
 Male  Single/Unmarried  Widow/er  Annulle
 Female  Married  Legally d
Separated
PRESENT HOME ADDRESS Unit/ Room No., Floor Building Name Lot No., Block No., Phase No. House No. CELL PHONE NUMBER HOME TELEPHONE NUMBER

Street Name Subdivision Barangay Municipality/City Province/State/Country (if abroad) ZIP Code APPLICANT’S TAXPAYER SSS/GSIS NO.
IDENTIFICATION NUMBER (TIN)

PERMANENT HOME ADDRESS Unit/Room No., Floor Building Name Lot No., Block No., Phase No. House No. BUSINESS TELEPHONE NATURE OF WORK
NUMBER

Street Name Subdivision Barangay Municipality/City Province/State/Country (if abroad) ZIP Code LOAN TERM DESIRED LOAN AMOUNT
 Two (2) Years  Maximum Loan Amount
 Three (3) Years  Others, specify:
EMPLOYER/BUSINESS NAME LOAN PURPOSE
Non-Housing Related
 Vacation/travel
EMPLOYER/BUSINESS ADDRESS Unit/Room No., Floor Building Name Lot No., Block No., Phase No. House No. Street Name  Livelihood/additional capital in
 Special events
small business
 Car repair
 Tuition/Educational Expenses
 Health &
Subdivision Barangay Municipality/City Province/State/Country (if abroad) ZIP Code  Payment of utility/credit card bills
wellness
 Purchase of appliance
& furniture/electronic
EMPLOYEE ID NUMBER DATE OF EMPLOYMENT SOURCE OF FUND gadgets
 Others, specify
Housing Related
 Minor home
improvement/home
renovation/ upgrades
PREVIOUS EMPLOYMENT DETAILS FROM DATE OF Pag-IBIG MEMBERSHIP (Use another sheet if necessary)
EMPLOYER/BUSINESS NAME EMPLOYER/BUSINESS ADDRESS FROM (mm/yy) TO (mm/yy)

PAYROLL ACCOUNT/DISBURSEMENT CARD

SIGNATURE OF APPLICANT
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
NAME OF BANK/BRANCH
Account/Disbursement Card that I have indicated on the right portion.

APPLICATION AGREEMENT
In consideration of the loan that may be granted by virtue of this application subject to the pertinent provisions of the This office agrees to collect the corresponding
Implementing Rules and Regulations of Pag-IBIG Fund, I hereby waive my rights under R.A. No. 1405 (Secrecy of monthly amortization on this loan and the MS of
Bank Deposits Act) and authorize Pag-IBIG Fund to verify/validate my payroll account/disbursement card. herein applicant through salary deduction, together
Furthermore, I hereby authorize my present employer, with the employer counterpart, and remit said
or any employer with whom I may get amounts to Pag-IBIG Fund on or before the 15th day of
employed in the future, to deduct the membership savings (MS) and monthly amortization due from my salary and each month, for the duration that the loan remains
remit the same to Pag-IBIG Fund. If the resulting monthly net take home pay after deducting the computed monthly outstanding. However, should we deduct the monthly
amortization on MPL falls below the monthly net take home pay as required under the GAA/company policy, I amortization due from the applicant’s salary but failed
authorize Pag-IBIG Fund to compute for a lower loanable amount. to remit it on due date, this office agrees to pay the
I understand that should I fail to pay the monthly amortization due, I shall be charged with a penalty of 1/20 of 1% of corresponding penalty charged to applicant
any unpaid amount for every day of delay. equivalent to 1/20 of 1% of any unpaid amount for
If for any reason excess loan proceeds are erroneously credited to my payroll account/disbursement card, I hereby every day of delay and penalty for non- remittance
authorize Pag-IBIG Fund to debit/deduct the excess amount from my account without need of further notice of equivalent to 1/10 of 1% per day of delay of the
demand. Should my account balance be insufficient, the Fund has the right to demand for the excess amount to be amount payable from the date the loan amortization
refunded. 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 AUTHORIZED SIGNATORY
transferred to service providers (e.g., Credit Information Corporation, Bankers Association of the Philippines - Credit (Signature Over Printed Name)
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. DESIGNATION
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 AGENCY CODE BRANCH CODE

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 5. I shall be considered in default in any of the following cases:
the order of Pag-IBIG Fund with principal office at Petron MegaPlaza, 358, Sen. a. Any willful misrepresentation in any of the documents executed in relation
Gil Puyat Avenue., City of Makati the sum of Pesos: hereto;
b. Failure to pay any three (3) consecutive monthly amortizations;
(P ) Philippine Currency, with an interest at the rate of 10.5% c. Failure to pay any three (3) consecutive membership savings;
per annum (equivalent rate of 17.50% based on diminishing principal balance), d. Violation of any of the membership/STL/housing loan policies, rules,
with interest during the grace period and shall be amortized equally over the regulations, and guidelines of the Pag-IBIG Fund.
term of the loan. 6. In the event of default, the outstanding loan obligation shall become due
and shall be deducted from the Total Accumulated Value (TAV) after
I hereby waive notice of demand for payment and agree that any legal action, exerting all collection efforts. However, immediate offsetting of my
which may arise in relation to this note, may be instituted in the proper court of outstanding loan obligation may be effected immediately upon approval of
Makati City. my request, provided such request is based on the following justifiable
Finally, this note shall likewise be subject to the following terms and conditions: reasons and upon validation by the Fund: Total disability or insanity;
1. I shall pay the amount of Pesos: (P Separation from service by reason of health; Death of member’s immediate
) through salary deduction, whenever feasible, over a family member; Distressed member due to unemployment limited to layoff
period of two (2) years or three (3) years, with a grace period of 2 months. and/or closure of company; Critical illness of the member or any of his/her
In case I am unable to pay through salary deductions for any of the immediate family member, as certified by a licensed physician under one
following circumstances, such as but not limited to, suspension from work; of the following categories, subject to the approval of the DCEO-Member
leave of absence without pay; insufficiency of take home pay at any time Services Cluster: cancer, organ failure, heart-related illness, stroke and
during the term of the loan; or other circumstances analogous to the neuromuscular-related illness; Repatriation of OFW member from host
foregoing, payments should be made directly to the Pag-IBIG Fund office country and other meritorious grounds as may be approved for by the
where the loan was released. Board, by reason thereof, resulted in his failure to pay the required
2. Payments are due on or before the 15th day of the month starting amortization when due.
on 7. In the event of membership termination prior to loan maturity, any
. outstanding loan obligation, shall be deducted from my TAV and/or any
3. Payments shall be applied according to the following order of priorities: amount due me or my beneficiaries in the possession of the Fund. In case
Penalties, Interest and Principal. of my death, the outstanding obligation shall be computed up to the date
4. A penalty of 1/20 of 1% of any unpaid amount shall be charged to me for of death. Any payment received after date of death shall be refunded to
every day of delay. my beneficiaries.
Signed in the presence of: 8. In case of falsification, misrepresentation or any similar acts
committed by me, Pag-IBIG Fund shall automatically suspend my loan
privileges indefinitely. I shall abide with all the applicable rules and
Witness Witness regulations governing this lending program that Pag-IBIG Fund may
(Signature Over Printed (Signature Over Printed promulgate from time to time.
Name) Name)

Signature of Applicant Over Printed Name

AUTHORITY TO DEDUCT (Optional)
In case of retirement/separation from employment, I hereby authorize my employer to deduct any outstanding MPL balance SIGNATURE OF APPLICANT
 HQP-SLF-065
from my retirement 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) DATE
THIS FORM CAN BE REPRODUCED. NOT FOR SALE
 HQP-SLF-065

GUIDELINES AND INSTRUCTIONS (V08, 10/2024)

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 (MS);
 A member who has withdrawn his MS due to membership maturity or who has optionally withdrawn
his MS, shall be allowed to apply for an MPL provided said member has subsequently accumulated
24 MS or at least its 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 allowed to avail of an
MPL if his total 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) months prior to the date of loan application;
3. If with existing Pag-IBIG housing loan, the account must not be in default as of the date of application;
4. If with existing MPL and/or Calamity Loan, the account/s must not be in default as of date of application; and
NAME OF BORROWER 5. Has sufficient proof of income.
B. How to File
The applicant shall:
1. Secure the Multi-Purpose Loan Application Form (MPLAF) from any Pag-IBIG Fund Branch or download from Pag-IBIG website at www.pagibigfund.gov.ph.
For the month of:
2. Accomplish one (1) copy of the application form.
3. Submit the accomplished application form, together with the required documents to any Pag-IBIG
Fund Branch. Processing of loans shall commence only upon submission of the complete documents.
C. Loan Features
Basic Salary
1. Loan Amount
A qualified Pag-IBIG member shall be allowed to borrow an amount based on the lowest of the following:
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 borrower
has an existing calamity loan, the loanable amount shall be the difference between the 80% of
the borrower’s TAV and the 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 Net Take
Home Pay (NTHP) to fall below the minimum requirement as prescribed by the General
Appropriation Act (GAA) or company 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 on
diminishing principal balance) with interest during the grace period and shall be amortized equally
over the term of the loan.
3. Loan Term
The loan shall be repaid over a period of two (2) years or three (3) years, at the option of the member
upon loan application, with a grace period of two (2) months.
However, in the event that the borrower does not indicate the chosen loan term, the default term shall
be three (3) 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 Validation
(PACSVAL);
c) Check payable to the borrower. However, when the check remains unclaimed for a period of thirty
(30) calendar days from the DV/Check date despite notice to the borrower (either by email,
registered mail or personal delivery to his postal address, or Short Message Service (SMS)
informing him that the same is available for release, the check shall be cancelled and the loan will
Gross Monthly Income be reversed.
d) Other acceptable modes of disbursement.
5. Loan Payments
5.1 The loan shall be paid in equal monthly payments in such amounts as may fully cover the principal
and interest over the loan period. Said amortization shall be made, whenever feasible, through
salary deduction.
5.2 For self-employed individuals, Overseas Filipino Workers (OFWs), or other types of individual
payors, monthly payments shall be paid over-the-counter or any other modes of payment
approved by the Fund.
5.3 Payments
Less:shall be remitted to the Fund on or before the fifteenth (15 ) day of each month, starting on the third (3rd) month following the date on the DV/check or manual disbursement
Deductions
th

voucher.
5.4 If the due date falls on a non-working day, the monthly amortization shall be paid on the first working day after 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 through salary
deduction for any 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 succeeding
amortizations which will be posted on the next due date.
Issued this _______ day of__________, 20__. 6. Penalties
I certify under pain of perjury that the A penalty of 1/20 of 1% of any unpaid amount shall be charged to the borrower for every day of delay.
For borrowers paying through salary deduction, penalties shall only be reversed only upon
above- mentioned information is true and presentation of proof that non-payment was due to the fault of the employer. In such case, penalties
correct. due from the borrower shall be charged to the employer. Non-remittance of the total loan
amortization shall likewise subject the employer with a penalty of 1/10 of 1% per day of delay of the
amounts payable from the date the loan amortization or payments fall due until paid.
7. Default
The borrower shall be in default in any of the following cases, without need for demand:
D. _L_o_an__Re_n_e_w_a_l
Total Deductions_________________________________
a. Any willful misrepresentation made by the borrower in any of the documents executed in relation hereto.
b. Failure of the borrower to pay any three (3) consecutive monthly amortizations.
HEAD OF OFFICE/AUTHORIZED SIGNATORY 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, regulations
and guidelines of Pag-IBIG Fund.
8. Effects of Default
In the event of default, the outstanding loan obligation shall become due and demandable. The
Net Monthly Income outstanding loan 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 each other.
Hence, the member shall be allowed to avail of an MPL while he still has an outstanding calamity loan,
and vice versa. Application for loans 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 equivalent to six (6) monthly amortizations; not earlier than the sixth (6 th) monthly amortization
due date; and provided that he meets the eligibility requirement. The approved loan shall be applied to the borrower’s outstanding MPL obligation and the net proceeds shall then be
released to him. In case of full payment prior to loan maturity, a borrower shall be allowed to apply for a new loan anytime thereafter.
Issued this day of , 20 .
4. In the event of membership termination prior to loan maturity, the outstanding loan obligation shall be deducted from the borrower’s TAV and/or any amount due him or his beneficiaries
in the possession of the Fund. In case of the borrower’s death, the outstanding loan obligation shall be computed up to the date of death. Any payments received after death shall be
refunded to the borrower’s beneficiaries.
I certify under pain of perjury that 5. Borrower may request for the immediate offsetting of his/her outstanding MPL balance against his/her
the abovementioned information is TAV. It shall be effected upon approval of the borrower’s request, provided, the request is based on
the following justifiable reasons: Total disability or insanity; Separation from service by reason of
true and correct. health; Death of member’s immediate family member; Distressed member due to unemployment
limited to layoff and/or closure of company; Critical illness of the member or any of his/her immediate
family member, as certified by a licensed physician under one of the following categories, subject to
the approval of the DCEO-Member Services Cluster: cancer, organ failure, heart-related illness, stroke
and neuromuscular-related illness; Repatriation of OFW member from host country and other
AUTHORIZED SIGNATORY meritorious grounds as may be approved for by the Board, by reason thereof, resulted in his failure to
(Signature Over Printed Name) pay the required amortizations when due.
6. If TAV offsetting has been effected on the borrower’s defaulting MPL, he may apply for a new MPL
provided he has paid at least (6) monthly amortizations prior to default and its consequent offsetting
against the borrower’s TAV. However, if he has paid less than 6 monthly amortizations prior to
default, he may apply for a new loan only after two
(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. present home
address, permanent home address, email address, cell phone number, home telephone number and
business telephone number) at point of loan application, the borrower shall not be required to submit
 HQP-SLF-065
Member’s Change of Information Form (MCIF, HQP- 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 and contact
details, the concerned borrower is required to submit the accomplished MCIF together with the
supporting documents, if necessary. Please refer to the Checklist of Requirements specified at the
back portion of the MCIF.