How much can you borrow with a Pag-IBIG multi-purpose loan?
Up to 90% of your Regular Savings: employee and employer contributions plus dividends.
| Rule | Before 16 May 2025 | From 16 May 2025 |
|---|---|---|
| Loan amount | 80% of Regular Savings | 90% |
| Monthly savings needed | 24 | 12 |
| Terms | 2 or 3 years | 1, 2 or 3 years |
| Existing borrowers | — | May take an additional loan |
Pag-IBIG announcement reported by GMA News and Tribune (1 May 2025) and PNA via SunStar (6 May 2025). Circular number not confirmed. As of November 2026.
- Savings of ₱20,000
- Borrow up to ₱18,000
- Savings of ₱50,000
- Borrow up to ₱45,000
- Savings of ₱100,000
- Borrow up to ₱90,000
Pag-IBIG MPL interest rate: 1.4583% a month (10.5% add-on)
One rate, stated two ways. Circular 448 Sec. 6 sets "10.5% p.a. (equivalent rate of 17.5% based on diminishing principal balance)", amortized equally over the term. 17.5% ÷ 12 = 1.4583% a month, the figure Pag-IBIG's CEO quoted on 1 May 2025.
| How it is stated | What it means | Where it appears |
|---|---|---|
| 1.4583% a month on the diminishing balance (17.5% a year) | Interest each month on what you still owe; the main figure on this page | Circular 448 Sec. 6 (17.5% diminishing); CEO Marilene Acosta, 1 May 2025 announcement (GMA News, Tribune; IBC13) |
| 10.5% a year add-on (on the original amount) | 10.5% of the original loan for each year of the term, repaid in equal instalments; gives a slightly higher payment | Circular 448 Sec. 6; Pag-IBIG MPL FAQ |
The 2025 MPL guidelines (reportedly Circular 469) could not be read, so the rate is taken from Circular 448 and the May 2025 announcement. As of November 2026.
The add-on reading gives a slightly higher payment (both are in the table below). The loan offer in Virtual Pag-IBIG shows your exact amortization.
Pag-IBIG multi purpose loan calculator: payment table
₱50,000 over 24 months costs ₱2,484.13 a month at 1.4583% a month on the diminishing balance (₱2,520.83 on the add-on reading).
| Loan | Term | At 1.4583% a month (diminishing) | On the 10.5% add-on reading |
|---|---|---|---|
| ₱20,000 | 12 mo | ₱1,828.84 | ₱1,841.67 |
| ₱20,000 | 24 mo | ₱993.65 | ₱1,008.33 |
| ₱20,000 | 36 mo | ₱718.04 | ₱730.56 |
| ₱50,000 | 12 mo | ₱4,572.10 | ₱4,604.17 |
| ₱50,000 | 24 mo | ₱2,484.13 | ₱2,520.83 |
| ₱50,000 | 36 mo | ₱1,795.09 | ₱1,826.39 |
| ₱100,000 | 12 mo | ₱9,144.20 | ₱9,208.33 |
| ₱100,000 | 24 mo | ₱4,968.27 | ₱5,041.67 |
| ₱100,000 | 36 mo | ₱3,590.19 | ₱3,652.78 |
Main column: 1.4583% a month on the diminishing balance. Add-on column: 10.5% a year on the original amount for the whole term, in equal payments. Computed with this page's calculator; fees, if any, excluded. Your loan offer governs.
Monthly amortization: diminishing balance vs add-on reading
- 1.4583% a month
- 10.5% add-on
| Row | 1.4583% a month | 10.5% add-on |
|---|---|---|
| ₱20,000 · 12 mo | ₱1,829 | ₱1,842 |
| ₱20,000 · 24 mo | ₱994 | ₱1,008 |
| ₱20,000 · 36 mo | ₱718 | ₱731 |
| ₱50,000 · 12 mo | ₱4,572 | ₱4,604 |
| ₱50,000 · 24 mo | ₱2,484 | ₱2,521 |
| ₱50,000 · 36 mo | ₱1,795 | ₱1,826 |
| ₱100,000 · 12 mo | ₱9,144 | ₱9,208 |
| ₱100,000 · 24 mo | ₱4,968 | ₱5,042 |
| ₱100,000 · 36 mo | ₱3,590 | ₱3,653 |
- Maximum loan (90%)
- ₱45,000.00
- Monthly at 1.4583% a month (diminishing)
- ₱2,235.72
- Monthly on the 10.5% add-on reading
- ₱2,268.75
- Total interest
- ₱8,657 (add-on reading: ₱9,450)
Borrow ₱45,000; repay about ₱2,235.72 a month (₱2,268.75 on the add-on reading).
Who is eligible for a Pag-IBIG multi-purpose loan?
Active Pag-IBIG I members with 12 monthly savings and no defaulted Pag-IBIG loan.
| Condition | Rule | Basis |
|---|---|---|
| Membership | Active Pag-IBIG I; MP2 alone does not qualify | Circular 407, via mirror |
| Savings | At least 12 monthly (was 24) | GMA News, 1 May 2025 |
| Existing loans | No defaulted housing, MPL or calamity loan | Widely listed; check with Pag-IBIG |
| Recent savings | 1 in the last 6 months (older rule) | Unconfirmed since 2025 |
As of November 2026.
Check posted savings on Pag-IBIG contributions; new members start with the MDF. More: Pag-IBIG hub, all benefits.
Pag-IBIG multi purpose loan requirements
Your MID number and a Virtual Pag-IBIG account; confirm the rest, as no current official checklist could be read.
| Item | Status |
|---|---|
| MID number (12 digits) | Needed; identifies your account |
| Virtual Pag-IBIG account | For online filing (portal) |
| 12 posted monthly savings | Needed (GMA News, 1 May 2025) |
| Application form | Current form code unconfirmed: check with Pag-IBIG |
| Valid ID; proof of income | Not confirmed for the MPL: check with Pag-IBIG |
| Loyalty Card Plus for proceeds | Used for 2026 SAFE loan proceeds (GMA, 16 Jun 2026); ₱125 fee (AUB FAQ); for the MPL, check |
As of November 2026. Unconfirmed items are listed so you can ask about them.
How to apply for a Pag-IBIG multi-purpose loan online
From application to repayment
1Check your savings
In Virtual Pag-IBIG: 12 posted savings, no defaulted loan.
Online
Virtual Pag-IBIG
File the MPL, choose the amount and a 12, 24 or 36-month term.
Branch or employer
Branch or HR
File at a branch, or through an employer that handles Pag-IBIG loans.
2Pag-IBIG evaluates
Savings, loan history, amount vs 90%.
Approved
Proceeds released
Repay monthly; employer-collected payments show on your payslip.
Loan running
Denied
Fix the cause
Under 12 savings or a defaulted loan. Fix, then reapply.
Reapply
Loan repayments appear on the payslip; check it monthly so a missed remittance is caught early.
Pag-IBIG MPL vs calamity loan vs SSS salary loan
The calamity loan has the lowest rate if you qualify; the SSS loan is smaller but cheaper than the MPL.
| Pag-IBIG MPL | Pag-IBIG calamity loan | SSS salary loan | |
|---|---|---|---|
| Amount | 90% of Regular Savings | 90% of Regular Savings | Up to ₱20,000 or ₱40,000 (computed from the circular) |
| Interest | 1.4583% a month on the diminishing balance (17.5% a year; stated as 10.5% add-on) | 5.95% a year (whether add-on or diminishing is not stated in the sources we read) | 8% a year (10% after penalty condonation) |
| Fees | Not confirmed | Not confirmed | 1% service fee |
| Term | 12, 24 or 36 months | 2 or 3 years after a 3-month grace period | 24 months |
| Needs | 12 savings | Residence or workplace in a declared calamity area (Circular 449); file within 90 days | 36 or 72 contributions, 6 of them in the last 12 months; under 65 |
| Monthly on ₱20,000 | ₱993.65 (24 mo) | ₱607.99 (36 mo, on the diminishing balance) | ₱904.55 (24 mo) |
Sources: GMA News 1 May 2025; Circular 448 (MPL rate); Circular 449 and Tribune 22 Jul 2025 (calamity loan); SSS Circular 2025-004, from 16 Jun 2025 (official). Monthly figures computed; fees and grace-period interest excluded. As of November 2026.
Check your SSS salary credit with the SSS contribution calculator. For a home, see the housing loan calculator; to save instead, MP2.
Common mistakes
| Mistake | What happens | Do this instead |
|---|---|---|
| Using the old 80% cap | Borrowing less than allowed | Use 90% |
| Counting MP2 savings | Limit overstated | Count Regular Savings only |
| Treating 10.5% as a diminishing-balance rate | Payments understated | Plan with 1.4583% a month on the diminishing balance (17.5% a year) |
| Under 12 savings or a defaulted loan | Denied | Fix first, then apply |
| Paying a fixer | Money and data at risk | Use official channels |
Buod sa Tagalog
Sa Pag-IBIG multi-purpose loan, puwede kang umutang ng hanggang 90% ng iyong Regular Savings kapag may 12 buwanang hulog ka na, at babayaran ito sa 1, 2 o 3 taon. Ang interes ay 1.4583% kada buwan sa natitirang balanse (17.5% kada taon), na katumbas ng 10.5% kada taon na add-on ayon sa Circular 448. Mag-apply sa Virtual Pag-IBIG, sa sangay, o sa employer.
Frequently asked questions
+What is the Pag-IBIG multi-purpose loan interest rate?
1.4583% a month on the diminishing balance, or 17.5% a year. Circular 448 Sec. 6 states the rate as 10.5% a year add-on, "equivalent" to 17.5% on the diminishing balance, and Pag-IBIG's CEO quoted 1.4583% a month on 1 May 2025 (GMA News, Tribune). The add-on reading gives a slightly higher payment; the loan offer in Virtual Pag-IBIG shows your exact amortization.
+How much can I borrow with ₱50,000 in Pag-IBIG savings?
Up to ₱45,000: 90% of ₱50,000 in Regular Savings, under the rule effective 16 May 2025. Over 24 months that costs about ₱2,235.72 a month at 1.4583% a month on the diminishing balance, or ₱2,268.75 on the 10.5% add-on reading. MP2 balances do not count toward the ₱50,000.
+How many contributions do I need for a Pag-IBIG MPL?
Twelve monthly savings since 16 May 2025, down from 24, per Pag-IBIG's announcement reported by GMA News on 1 May 2025. An older rule also required one posted savings in the last six months; whether it still applies is unconfirmed, so check with Pag-IBIG.
+How long can I pay a Pag-IBIG multi-purpose loan?
One, two or three years (12, 24 or 36 payments); the one-year option was added in May 2025. Shorter terms cost more a month but less in total: on ₱50,000 at 1.4583% a month, interest is ₱4,865 over 12 months versus ₱14,623 over 36.
+What are the Pag-IBIG multi purpose loan requirements?
Twelve posted monthly savings, active Pag-IBIG I membership and your MID number; a Virtual Pag-IBIG account lets you file online. The current form code, ID list and income documents were not confirmed in an official source we could read, so check with Pag-IBIG before you go.
+How do I apply for a Pag-IBIG multi-purpose loan online?
Log in to Virtual Pag-IBIG, check your posted savings, then file the multi-purpose loan with your amount and a 12, 24 or 36-month term. You can also file at a branch or through your employer. Pag-IBIG's contact page lists the 24/7 hotline (02) 8724-4244.
+Is an unpaid MPL deducted from my Pag-IBIG savings?
It can be. HDMF Circular 380-17 says short-term loans are offset against the Total Accumulated Value when savings are paid out (in its rules for members with housing loans), so an unpaid MPL can shrink your payout. Ask Pag-IBIG how it applies to your claim.
+Is the Pag-IBIG MPL cheaper than the SSS salary loan?
On ₱20,000 over 24 months, the SSS salary loan at 8% works out to ₱904.55 a month before its 1% service fee, versus ₱993.65 for the MPL at 1.4583% a month on the diminishing balance. Because the SSS loan is based on salary credits of up to ₱20,000, it works out to at most ₱20,000 (one-month) or ₱40,000 (two-month); the MPL grows with your savings.
Sources and references
- Pag-IBIG Fund: Multi-Purpose Loan FAQ — official FAQ (10.5% a year, citing Circular 448: an add-on rate, equal to 17.5% on the diminishing balance); could not be read automatically on 12 Nov 2026, so confirm there (checked November 12, 2026)
- HDMF Circular No. 448: Modified Guidelines on the MPL Program (archived official PDF) — Sec. 6: 10.5% a year, equivalent to 17.5% on the diminishing principal balance, amortized equally (checked November 12, 2026)
- HDMF Circular No. 449: Modified Calamity Loan guidelines (archived official PDF) — 2- or 3-year term after a 3-month grace; residence or workplace in a declared calamity area; 90-day filing window (checked November 12, 2026)
- Virtual Pag-IBIG — official portal for online loan applications and savings records (checked November 12, 2026)
- GMA News, 1 May 2025 — 90% of Regular Savings, 12 monthly savings, 1-year term, 1.4583% monthly; effective 16 May 2025 (checked November 12, 2026)
- IBC13, 2 May 2025 — the same announcement, including the 1.4583% monthly figure (checked November 12, 2026)
- SunStar (PNA), 6 May 2025 — Palace announcement of the 90% and 12-contribution rules (checked November 12, 2026)
- HDMF Circular No. 407, text via mirror — MP2 is savings only; loans require Pag-IBIG I membership (checked November 12, 2026)
- HDMF Circular No. 380-17, text via mirror — short-term loans offset against the Total Accumulated Value (checked November 12, 2026)
- Daily Tribune, 22 Jul 2025 — calamity loan: 90%, 5.95%, 3 years after a 3-month grace, 90-day filing window (checked November 12, 2026)
- SSS Circular 2025-004 — SSS salary loan: 8% a year, 1% service fee, 24 months, 36/72 contributions (checked November 12, 2026)
- SSS Salary Loan page — official SSS salary loan rules (checked November 12, 2026)
This page is part of our Pag-IBIG guides and calculators, inside the SSS, Pag-IBIG, PhilHealth and GSIS benefits hub.
Related tools and guides
Author and editorial review
Deepak Middha, Chartered Accountant
Chartered Accountant with 18 years in hedge funds; writes and maintains sulat.ph. Every rate, ceiling, deadline and fee on this page is taken from the law or the agency's own circulars and official announcements and was checked against that source on November 12, 2026. Where a figure could not be confirmed officially, the page says so.
Spotted an error or an outdated rule? Send a correction.
Next step
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