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Pag-IBIG Fund Multi-Purpose Loan Application Form

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MULTI-PURPOSE LOAN (MPL) APPLICATION FORM

(To be filled out by applicant. Print this form back to back on one single sheet of paper)
Type or Print Entries
HQP-SLF-065 (V04, 02/2020)

Pag-IBIG MID NO./RTN APPLICATION NO.

LAST NAME

FIRST NAME

NAME EXTENSION

MIDDLE NAME

MAIDEN MIDDLE NAME

NO MIDDLE NAME

DATE OF BIRTH

PLACE OF BIRTH

MOTHER'S MAIDEN NAME

NATIONALITY

SEX

MARITAL STATUS




CITIZENSHIP

EMAIL ADDRESS

PRESENT HOME ADDRESS

CELL PHONE NUMBER

HOME TELEPHONE NUMBER

APPLICANT'S TAXPAYER IDENTIFICATION NUMBER (TIN)

SSS/GSIS NO.

PERMANENT HOME ADDRESS

BUSINESS TELEPHONE NUMBER

NATURE OF WORK

EMPLOYEE ID NUMBER

DESIRED LOAN AMOUNT

EMPLOYER/BUSINESS NAME

DATE OF EMPLOYMENT

LOAN PURPOSE

Non-Housing Related

Housing Related

EMPLOYER/BUSINESS ADDRESS

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)

APPLICATION AGREEMENT

In consideration of the loan that may be granted by virtue of this application subject to the pertinent provisions of the Implementing Rules and Regulations of Pag-IBIG Fund, I hereby waive my rights under R.A. No. 1405 (Secrecy of Bank Deposits Act) and authorize Pag-IBIG Fund to verify/validate my payroll account/disbursement card. Furthermore, I hereby authorize my present employer, or any employer with whom I may get employed in the future, to deduct the membership savings (MS) and monthly amortization due from my salary and remit the same to Pag-IBIG Fund.

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 any unpaid amount for every day of delay.

If for any reason excess loan proceeds are erroneously credited to my payroll account/disbursement card, I hereby authorize Pag-IBIG Fund to debit/deduct the excess amount from my account without need of further notice of demand. Should my account balance be insufficient, the Fund has the right to demand for the excess amount to be refunded.

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.

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.

This office agrees to collect the corresponding monthly amortization on this loan and the MS of herein applicant through salary deduction, together with the employer counterpart, and remit said amounts to Pag-IBIG Fund on or before the 15th day of each month, for the duration that the loan remains outstanding.

However, should we deduct the monthly amortization due from the applicant’s salary but failed to remit it on due date, this office agrees to pay the corresponding penalty charged to applicant equivalent to 1/20 of 1% of any unpaid amount for every day of delay and penalty for non-remittance equivalent to 1/10 of 1% per day of delay of the amount payable from the date the loan amortization or payments fall due until paid.

HEAD OF OFFICE OR AUTHORIZED SIGNATORY
(Signature Over Printed Name)

DESIGNATION

Signature of Applicant Over Printed Name

PROMISSORY NOTE

For value received, I promise to pay on due date without need of demand to the order of Pag-IBIG Fund with principal office at Petron MegaPlaza, 358, Sen. Gil Puyat Avenue, City of Makati the sum of Pesos: (P) Philippine Currency, with an interest at the rate of 10.5% per annum...

1. I shall pay the amount of Pesos: (P) through salary deduction, whenever feasible, over a maximum period of 24 months, with a grace period of 2 months.

2. Payments are due on or before the 15th day of the month starting on and 23 succeeding months thereafter.

3. Payments shall be applied according to the following order of priorities: Penalties, Interest and Principal.

4. A penalty of 1/20 of 1% of any unpaid amount shall be charged to me for every day of delay.

5. I shall be considered in default in any of the following cases:

a. Any willful misrepresentation in any of the documents executed in relation hereto;

b. Failure to pay any three (3) consecutive monthly amortizations;

c. Failure to pay any three (3) consecutive membership savings;

d. Violation of any of the membership/STL/housing loan policies, rules, regulations, and guidelines of the Pag-IBIG Fund.

6. In the event of default, the outstanding loan obligation shall become due and shall be deducted from the Total Accumulated Value (TAV) after exerting all collection efforts.

7. In the event of membership termination prior to loan maturity, any outstanding loan obligation, shall be deducted from my TAV and/or any amount due me or my beneficiaries in the possession of the Fund.

8. In case of falsification, misrepresentation or any similar acts committed by me, Pag-IBIG Fund shall automatically suspend my loan privileges indefinitely.

Signature of Applicant Over Printed Name

Witness
(Signature Over Printed Name)

Witness
(Signature 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 from my retirement or separation benefits to fully settle my loan obligation.

SIGNATURE OF APPLICANT

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

DATE

REVIEWED BY

DATE

APPROVED/DISAPPROVED BY

DATE

GUIDELINES AND INSTRUCTIONS

A. Who May File

Any Pag-IBIG Fund member who satisfies the following requirements:

1. Has made at least 24 monthly membership savings (MS);

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

5. Has sufficient proof of income.

B. How to File

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.

2. Accomplish 1 copy of the application form.

3. For releasing of loan proceeds through Payroll Account/Disbursement Card, attach photocopy of payroll account/disbursement card/deposit slip (for newly-opened account).

4. Submit accomplished application, together with the required documents to any Pag-IBIG Fund Branch.

C. Loan Features

1. Loan Amount

1.1 Desired Loan Amount

1.2 Loan Entitlement

The loan entitlement shall be equivalent to eighty percent (80%) of TAV.

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 17.50% 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 maximum period of twenty-four (24) months, with a grace period of two (2) months.

4. Loan Release

The loan proceeds shall be released through any of the following modes: crediting to the borrower’s disbursement card; bank account through LANDBANK’s Payroll Credit Systems Validation (PACSVAL); check payable to the borrower; or 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.

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 shall be remitted to the Fund on or before the fifteenth (15th) day of each month, starting on the third (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 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 listed circumstances.

5.7 Payment shall be applied according to the following order of priorities: Penalties; Interest; 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.

6. Penalties

A penalty of 1/20 of 1% of any unpaid amount shall be charged to the borrower for every day of delay.

7. Default

The borrower shall be in default in any of the stated cases.

8. Effects of Default

In the event of default, the outstanding loan obligation shall become due and demandable.

D. Other Provisions

1. The MPL and/or Calamity Loan programs shall be treated as separate and distinct from each other.

2. In no case shall the aggregate STL exceed eighty percent (80%) of the borrower’s TAV.

3. A borrower may renew his MPL after payment of equivalent to six (6) monthly amortizations; not earlier than the sixth (6th) monthly amortization due date.

4. In the event of membership termination prior to loan maturity, the outstanding balance shall be deducted from the borrower’s TAV and/or any amount due him or his beneficiaries.

5. Offsetting of the borrower’s outstanding MPL balance against his TAV shall be effected immediately upon approval of the borrower’s request if justified and verified by the Fund.

6. If TAV offsetting has been effected on the borrower’s defaulting MPL, he may apply for a new MPL subject to the stated conditions.

D. Loan Renewal / E. Loan Renewal

Issued this day of , 20.

I certify under pain of perjury that the above-mentioned information is true and correct.

HEAD OF OFFICE/AUTHORIZED SIGNATORY
(Signature over printed name)

CERTIFICATE OF NET PAY

NAME OF BORROWER

For the month of:

Basic Salary

Add: Allowances

Gross Monthly Income

Less: Deductions

Total Deductions

Net Monthly Income

Issued this day of , 20.

I certify under pain of perjury that the above-mentioned information is true and correct.

HEAD OF OFFICE/AUTHORIZED SIGNATORY
(Signature Over Printed Name)

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What the Pag-IBIG Fund Multi-Purpose Loan Application Form Is

The Pag-IBIG Fund Multi-Purpose Loan Application Form is the standardized application used by Pag-IBIG members to request short-term, multipurpose loan financing secured by Pag-IBIG membership contributions. The form collects borrower identity, employment and income details, requested loan amount, repayment terms, and authorizations for verification of employment and contributions. Lenders and Pag-IBIG administrative staff use the completed form to assess eligibility, calculate loan amortization, and schedule disbursement. This guide explains required fields, common mistakes, digital submission considerations, and record-retention expectations for U.S.-based workflows and e-signature compliance.

Why a Correct Application Matters

Accurate completion speeds processing, avoids rejections, and preserves eligibility for the requested loan amount. Clear, complete documentation reduces verification cycles with employers and Pag-IBIG administrators and minimizes delays in fund disbursement.

Why a Correct Application Matters

Who Typically Prepares and Submits This Form

Accurate coordination among the applicant, employer, and lender reduces processing time and helps ensure loan terms are correctly calculated and recorded.

  • Pag-IBIG members applying for short-term cash needs, consumer purposes, or debt consolidation within membership limits.
  • Human resources or payroll staff who confirm employment dates, salary, and contributions for verification requests.
  • Loan officers or loan processors at Pag-IBIG or partner lenders who review eligibility and supporting documents.

Step-by-Step: Filling and Submitting the Application

Follow these steps in order to prepare a complete application and route it for verification and disbursement.

  • 01
    Gather documents: Collect ID, proof of income, and Pag-IBIG membership details before starting.
  • 02
    Complete fields: Fill personal, employment, loan amount, and purpose fields using requested formats.
  • 03
    Obtain employer verification: Ask HR to confirm employment and contributions or attach employer certification.
  • 04
    Sign and submit: Execute signatures (wet or e-signature) and submit through the chosen channel.

Where the Form Goes After You Submit It

Understanding the routing helps manage expectations: the document moves from applicant to verifier to Pag-IBIG processing and then to disbursement.

  • Applicant: Completes form and attaches supporting documents for review.
  • Employer verifier: Confirms employment and contribution records and returns the verified form.
  • Pag-IBIG processor: Reviews eligibility, computes amortization, and approves or denies the loan.
  • Disbursement: Approved loans proceed to payout per the applicant's selected method.

Configuring an Online Submission Workflow

Map fields, signer order, and verification steps in your eSubmission platform to mirror the manual process while preserving auditability.

Field Configuration
Applicant Fields Required | Editable by applicant
Employer Verification Sequential signer | Employer signs second
Identity Check Enable two-factor or KBA where available
Final Processor Pag-IBIG staff as final approver

Technical Requirements for eSubmission and eSignatures

Maintain copies of the signed file and the associated audit trail to support eligibility checks and future audits.

  • File formats: PDF and DOCX accepted
  • Authentication: Email, SMS code, or stronger
  • Audit data: IP, timestamp, action log

Typical eSignature Platform Pricing and Feature Comparison

Below is a compact vendor comparison for common eSignature needs; signNow is presented first per platform review conventions. Confirm vendor details before purchasing.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day trial Verify Verify Verify Verify
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No
Envelope Cap No cap 100 envelopes/user/year Verify Verify Verify

Practical Tips to Ensure a Clean Application

Small checks during completion improve approval odds and reduce rework for everyone involved.

Complete every required field
Verify that every mandatory field is filled with accurate data; missing entries are the most common cause of returned applications and add days or weeks to processing.
Match names to IDs
Use the exact legal name shown on government-issued ID and on Pag-IBIG membership records to avoid identity mismatches that stall verification and require corrected submissions.
Provide verifiable employer contact
List an HR contact with phone and email and attach a payroll stub when available; correct employer verification shortens contribution checks and reduces processing cycles.
Preserve audit trail for digital signatures
When e-signing, retain the signed document and its audit record (timestamps, signer IP, authentication method) to demonstrate intent and attribution if questions arise later.

Common Mistakes to Avoid

  • Submitting inconsistent names across ID, employer records, and Pag-IBIG membership often triggers manual verification and delays of multiple business days.
  • Omitting employer verification details or providing incorrect HR contact information makes it difficult for processors to confirm contributions quickly.
  • Using ambiguous loan purpose descriptions can slow approval if additional documentation is required to substantiate the request.
  • Applying without necessary supporting documents such as proof of income frequently results in returned applications and repeated submission cycles.

Consequences of an Incorrect or Fraudulent Application

Processing Delays: Longer review cycles
Loan Denial: Application rejection
Financial Penalties: Potential fines or recovery
Identity Risk: Increased fraud scrutiny
Tax Implications: Incorrect reporting consequences
Legal Exposure: Possible criminal charges

Core Information Required on the Form

Full Name: Legal name
Membership ID: Pag-IBIG ID
Loan Amount: Requested pesos
Purpose: Loan use
Employer: Employer name
Signature: Applicant signature

Real-World Examples of Digital Application Workflows

These brief examples show how online signing and verification streamline multi-party loan applications in practice.

Optica Ventures LLC — COO

Optica implemented online signing for customer loan packages to remove in-person steps and speed collection.

  • The team adopted a simple signing interface to reduce friction.
  • The interface proved simple for staff and customers alike, allowing faster submissions and fewer follow-ups while preserving necessary verification auditable records for compliance.

Martin Properties — Founder

Martin Properties shifted property-related loan applications to an online workflow to handle remote clients.

  • The founder prioritized mobile-ready signing to support field operations.
  • By processing and executing documents online with secure audit trails, the company reduced turnaround time and maintained compliance across mobile and offline signing scenarios.

Frequently Asked Questions and Troubleshooting

Answers to common questions about completing, signing, and submitting the Pag-IBIG Fund Multi-Purpose Loan Application Form, with attention to electronic signing and recordkeeping.


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