HQP-SLF-001

MULTI-PURPOSE
LOAN APPLICATION FORM (MPLAF)

APPLICATION No.

(TO BE FILLED OUT BY APPLICANT)

Type or print entries
MIDDLE NAME
MAIDEN NAME (For married women) DESIRED LOAN AMOUNT

MAX OF 60% (24-59 MOS.)
MAX OF 80% (AT LEAST 120 MOS.)

MAX OF 70% (60-119 MOS.)
OTHER AMOUNT, PLS. SPECIFY _______________
HOME ADDRESS (Pls. indicate complete address)
GENDER
CIVIL STATUS
EMPLOYEE No.

MALE

SINGLE
WIDOW/ER
ANNULLED

FEMALE

MARRIED
LEGALLY SEPARATED
MOTHER'S MAIDEN NAME
MOBILE PHONE No.
HOME TEL. No.
TIN
LAST NAME

FIRST NAME

BIRTHDATE
mm
dd

yyyy

BIRTHPLACE

Pag-IBIG MID No.

COMPANY/EMPLOYER NAME

SSS/GSIS ID No.

FOR AFP EMP-SERIAL/ACCOUNT No.

FOR DECS EMP - DIV. CODE/STATION CODE/
EMPLOYEE No.
OFFICE TEL. NO.
TYPE OF LOAN LOAN PURPOSE

COMPANY/EMPLOYER ADDRESS (Pls. indicate complete address)

NEW

RENEWAL
EMPLOYMENT HISTORY FROM DATE OF Pag-IBIG MEMBERSHIP

(Use another sheet if necessary)

PAYMENT OF
HOUSING LOAN
ARREARAGES

NON-

HOUSINGRELATED

HOUSING
RELATED

(Mo.Yr.)

DATE OF Pag-IBIG MEMBERSHIP

NAME OF EMPLOYER

OTHER

ADDRESS

FROM(Mo./Yr.)

TO (Mo./Yr.)

MEMBER'S PAYROLL BANK ACCOUNT NO.

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 BANK ACCOUNT THAT I HAVE INDICATED ON THE
RIGHT PORTION.

NAME OF BANK/BRANCH (Where member maintains payroll account)

BANK ADDRESS

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 and authorize Pag-IBIG Fund to
verify/validate
my
payroll
account
number.
Furthermore,
I
hereby
authorize
my
present
employer
______________________________________________________________________________ or any employer with whom I may
get employed in the future, to deduct the monthly Pag-IBIG contribution and amortization due from my salary and remit the same to
Pag-IBIG Fund. If the resulting monthly net take home pay after deducting the computed monthly amortization on MPL falls below the
monthly net take home pay as required under the GAA/company policy, I authorize Pag-IBIG Fund to compute for a lower loanable
amount.
Should I be classified as having an outstanding housing loan account in arrears for more than 9 months upon loan application but
said account is not yet cancelled or foreclosed, I hereby assign the proceeds of the loan to Pag-IBIG Fund and authorize the latter to
apply the said proceeds to the payment of my housing loan arrearages.
I understand that should I fail to pay the monthly amortization due, I shall be charged a penalty of 1/2% of any unpaid amount for
every month of delay.

This office agrees to collect the corresponding monthly

amortizations on this loan and the monthly contributions of
herein applicant through payroll deduction, together with
the employer counterpart contributions, and remit said
amounts to Pag-IBIG Fund on or before the scheduled day
of every 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 penalties equivalent to 1/2% of any unpaid
amount for every month of delay.

I further authorize my employer to deduct the outstanding balance of my MPL from my retirement and/or separation pay and remit the
same to Pag-IBIG Fund. This authorization is irrevocable until such time that the said loan is fully paid.
In the event my retirement and/or separation pay is not sufficient to settle the outstanding balance of my MPL or my employer fails,
for whatever reason, to deduct the same from said retirement and/or separation pay in settlement of the outstanding balance of my
MPL, I hereby authorize Pag-IBIG Fund to apply whatever benefits are due me from the Fund to settle the said obligation.

_________________________________________
HEAD OF OFFICE OR AUTHORIZED REPRESENTATIVE
(Signature over printed name)

If for any reason excess loan proceeds are erroneously credited to my bank account/cash 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 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 and thumbmarks appearing herein are genuine and authentic.
________________________________________________
DESIGNATION

__________________________________
Signature of Applicant over Printed Name

LEFT THUMBMARK OF
APPLICANT

______________
EMPLOYER
SSS/ GSIS NO.

RIGHT THUMBMARK OF
APPLICANT

_______________
AGENCY CODE

______________
BRANCH CODE

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 Ave., City of
Makati the sum of Pesos:
(P_______________) Philippine Currency, with the interest rate of 10.75% p. a. for the
duration of the loan.
I hereby waive notice of demand for payment and agree that any legal action, which
may arise in relation to this note, may be instituted in the proper court of Makati City.
Finally, this note shall likewise be subject to the following terms and conditions:
1. The borrower shall pay the amount of Pesos: _______________________________
(P_______________) through payroll deduction over a period of 24 months. In case of
resignation/separation from the employer, suspension from work, leave of absence
without pay, or insufficient monthly net take home pay prior to full payment of this loan,
monthly/full payments should be made directly to the Pag-IBIG Fund office where the
loan was released.
2. Payments are due on or before the ___________________ of the month starting on
_________________________ and 23 succeeding months thereafter.
3. Payments made by the borrower after due date shall be applied in the following order of
priorities: Penalties, interest, and principal.
4. A penalty of 1/2% of any unpaid amount shall be collected from the borrower for every
month of delay.

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

a. Any willful misrepresentation made by the borrower in any of the documents executed in
relation hereto.
b. Failure on the part of the borrower to pay any 3 consecutive monthly amortizations.
c. Failure of the borrower to pay any 3 consecutive monthly membership contributions.
d. Any violation made by the borrower on existing policies, rules, regulations and guidelines of
Pag-IBIG Fund.
6. In the event of default, the outstanding loan balance, all accumulated interests and penalties
shall become due and demandable. The outstanding obligation shall be deducted from the
Total Accumulated Value (TAV) credited to the borrower at the end of the term of the loan.
However, immediate offsetting of the borrowers outstanding loan obligation may be effected
upon occurrence of any of the following justifiable reasons and upon validation by the Fund:
Unemployment; total or partial disability, as certified by a duly licensed physician; illness of the
member-borrower or any of his immediate family member; or death of any of his immediate
family members. Under the foregoing instances, the borrower hereby authorizes Pag-IBIG
Fund to offset the outstanding obligation against his TAV.
7. In case of membership termination prior to full payment of the loan, no claim for provident
benefit shall be paid to the borrower or his beneficiaries until after the full satisfaction of any
amount arising from this note which remains unpaid as of the date of such termination.
8. In case of falsification, misrepresentation or any similar acts committed by the borrower, PagIBIG Fund shall automatically suspend his loan privileges indefinitely. The borrower shall abide
with all the applicable rules and regulations governing this lending program that Pag-IBIG Fund
may promulgate from time to time.

Signed in the presence of:

_________________________
Witness
(Signature over Printed Name)

___________________________________
Signature of Applicant over Printed Name

_________________________
Witness
(Signature over Printed Name)

THIS PORTION IS FOR Pag-IBIG FUND USE ONLY

CLAIM/HOUSING LOAN/STL VERIFICATION
PARTICULARS

NONE

WITH

DV/CHECK NO. / APPLICATION NO.

DATE FILED / DV NO.

VERIFIED

DATE

CLAIMS
HOUSING LOAN
MPL

LOAN APPROVAL
LOAN AMOUNT GRANTED
REVIEWED BY

INTEREST
DATE

PREVIOUS LOAN BALANCE

APPROVED BY

DATE

LOAN PROCEEDS
DISAPPROVED BY

THIS FORM CAN BE REPRODUCED. NOT FOR SALE

MONTHLY AMORT
DATE

(04/2012)

GUIDELINES AND INSTRUCTIONS

CERTIFICATE OF NET PAY

NAME OF BORROWER
For the month of:

__________________

____________

Basic Salary
Add: Allowances

________________________

___________

________________________

___________

________________________

___________

________________________

___________

________________________

___________

Gross Monthly Income

___________

A. Who May File

Any Pag-IBIG Fund member who satisfies the following requirements may apply for a multipurpose loan (MPL):
1. The member has made at least 24 monthly contributions.
2. The monthly net take home pay requirement of government employees shall be subject to
the rules and regulations as provided for in the General Appropriations Act (GAA). On the
other hand, the monthly net take home pay of employees working with the private sector
shall be based on their respective company policies, if any.
3. Members with active Fund membership at the time of application with commitment from
both the employee and employer to continuously remit contributions at least for the term
of the loan.
4. For members who have withdrawn their membership contributions due to membership
maturity, the reckoning date of the updated 24 monthly contributions shall be the first
monthly contribution following the month the member qualified to withdraw his Pag-IBIG
contributions.
5. For members who have active contributions under both the Pag-IBIG I and Pag-IBIG II,
the membership contributions under Pag-IBIG II shall be considered to meet the required
24 monthly contributions.
6. A member with an outstanding Pag-IBIG housing loan that is not more than 9 months in
arrears and is not yet cancelled or foreclosed.
7. A member with an outstanding Pag-IBIG housing loan that is more than 9 months in
arrears but is not yet cancelled or foreclosed may be allowed to avail of an MPL, provided
that the purpose of the MPL is to update his/her housing loan arrearages. The MPL
proceeds to be applied to the housing loan arrearages shall be subject to the applicants
loan entitlement.
B. How to File
The applicant shall:
1. Secure the Multi-Purpose Loan Application Form (MPLAF) from any Pag-IBIG Fund
NCR/Provincial branch.
2. Accomplish 1 copy of the application form.
3. Under PACSVAL/PDDTS/Cash Card releasing, attach photocopy of passbook or
Automated Teller Machine (ATM) card reflecting the account name and bank account
number.
4. Submit complete application, together with the required documents to any Pag-IBIG Fund
NCR/Provincial Branch. Processing of loans shall commence only upon submission of
complete documents.
C. Loan Features
1. Loan Amount
The loanable amount shall depend on the number of contributions made, based on the
following schedule:
Number of Contributions
Loan Amount

2.
3.

Less: Deductions

________________________

___________

________________________

___________

________________________

___________

________________________

___________

________________________

___________

Total Deductions

___________

Net Monthly Income

___________

4.

5.

Issued this _______ day of ____________, 20__.

I certify under pain of perjury that the abovementioned information is true and correct.

______________________________________________
ACCOUNTANT/DESIGNATED OFFICER`
(Signature over printed name)

I hereby authorize ______________________________,

our Fund Coordinator or Liaison Officer to file my MPL
Application and receive the Pag-IBIG Fund Check in my
behalf.

________________________________
Signature of Applicant over Printed Name

6.

24 to 59 months
Up to 60% of the TAV
60 to 119 months
Up to 70% of the TAV
At least 120 months
Up to 80% of the TAV
Interest
The loan shall bear an interest rate of 10.75% p. a. for the duration of the loan.
Manner of Release of Loan
The loan proceeds shall be released through a check payable to the borrower or shall be
credited to the borrowers bank account through the LANDBANKs Payroll Credit Systems
Validation (PACSVAL), Philippine Domestic Dollar Transfer System (PDDTS) facilities,
Cash Card and other similar modes of payment.
However, for MPL used as payment of housing loan arrearages, the check shall be made
payable to Pag-IBIG Fund for the account of the member-borrower.
Unclaimed checks shall be mailed to the member-borrower after 3 days from the
DV/check date
Loan Term
The loan shall be paid over a maximum period of 24 months, plus the applicable grace
period of 2 months for local accounts and 5 months for centralized accounts. Centralized
accounts shall refer to employers that prepare the payroll in advance, usually at the
head/central office. All other accounts not falling under the category of centralized
accounts shall be classified as local accounts.
Loan Payments
The loan shall be paid in equal monthly amortizations in such amounts as may fully cover
the loan obligation. For Employed Members, payments shall be made thru salary
deduction. For Voluntary Members/Individual Payors, payments shall be made through
any of the following modes: a. Over-the-counter; b. Auto-debit arrangement with banks; c.
Other mode of payment that Pag-IBIG Fund may adopt in the future.
Payment shall be remitted to the Fund on or before the fifteenth (15th) day of each month,
rd
beginning on the third (3 ) month following the date on the DV/Check. For centralized
accounts, remittances shall start on the sixth (6th) month from the date of the DV/Check.
A penalty of 1/2% of any unpaid amount shall be charged to the borrower for every month
of delay. However, for borrowers paying their loans through automatic salary deduction,
penalties shall be cancelled/reversed only upon presentation of proof that non-payment
was due to the fault of the employer. The said penalties shall then be charged against the
employer.
The member may fully pay the outstanding balance of the loan prior to loan maturity.
Should any of the following instances arise, the borrower shall pay directly to any PagIBIG Fund office:
a. Separation from employer;
b. Suspension from work;
c. Leave of Absence without pay;
d. Insufficiency of take home pay
In case of separation from employer, the borrower may opt to pay thru his new employer,
after notifying the Fund of his change of employer.
Application of Payment
Payments made after the due date shall be applied according to the following order of
priorities:
a. Penalties
b. Interest
c. Principal

D. Loan Renewal
A borrower may renew his MPL upon payment of at least 6 amortizations. The outstanding
balance together with any accumulated interests, penalties and charges shall be deducted
from the proceeds of the new loan. In case of full payment prior to loan maturity, a borrower
shall be allowed to apply for a new loan any time.