Pagibig Multi Purpose Loan Form PDF Details

Navigating through the complexities of financial aid for various personal needs, the Pagibig Multi-Purpose Loan (MPL) emerges as a significant resource for members of the Pag-IBIG Fund. Designed with flexibility in mind, this loan caters to a wide range of purposes, from educational expenses to home improvement projects, making it an essential tool for financial planning and emergency needs. The application process is streamlined through the MPL application form, HQP-SLF-001, which requires detailed personal information, employment details, and the desired loan amount, among others. To ensure inclusivity and accessibility, the form accommodates various loan amounts based on the member's capacity and duration of Pag-IBIG Fund membership, highlighting the institution's commitment to providing financial solutions tailored to individual needs. Additionally, the form outlines the terms and conditions of the loan, including interest rates, repayment schedules, and penalties for late payments, underscoring the importance of financial responsibility and planning. This comprehensive approach not only facilitates members' access to much-needed funds but also encourages a culture of financial literacy and responsible borrowing.

QuestionAnswer
Form NamePagibig Multi Purpose Loan Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namespag ibig form 2021, pag ibig multi purpose loan form 2021 fillable, pag ibig loan form 2021 download, pag ibig downloadable forms 2021

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MULTI-PURPOSE LOAN (MPL)

 

 

 

HQP-SLF-001

 

 

 

 

 

 

 

 

 

 

APPLICATION FORM

 

APPLICATION No.

 

 

 

 

(To be filled out by applicant. Print this form back to back on one single sheet of paper)

 

 

 

 

 

 

 

 

 

Type or Print Entries

 

 

 

 

 

 

Pag-IBIG MID No./RTN

 

LAST NAME

 

FIRST NAME

NAME EXTENSION (e.g., Jr., II)

MIDDLE NAME

 

MAIDEN MIDDLE NAME

 

 

 

 

 

 

 

 

 

 

 

(For married women)

 

 

 

 

 

 

 

 

 

 

PRESENT HOME ADDRESS

Unit/Room No., Floor

Building Name Lot No., Block No., Phase No. House No.

Street Name

LOAN PURPOSE

 

 

 

 

 

 

 

 

 

 

 

 

Non-Housing Related

 

Housing Related

 

 

 

 

 

 

 

Home Enhancement

 

House Repair

Subdivision

Barangay

Municipality/City

Province/State/Country (if abroad)

 

ZIP Code

 

 

 

 

 

 

 

 

 

Tuition/Educational Expense

 

Minor home improvement

 

 

 

 

 

Health and Wellness

 

 

 

CELL PHONE NUMBER (Required)

HOME TEL. NUMBER

 

EMAIL ADDRESS

 

 

 

Other Purpose, please specify

 

 

 

 

 

 

 

 

 

Livelihood

 

 

 

 

 

 

 

 

 

 

______________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EMPLOYER/BUSINESS NAME

 

 

 

 

 

DESIRED LOAN AMOUNT

 

 

 

 

 

 

 

 

 

 

 

 

Max of 60% (24-59 mos.)

Max of 80% (at least 120 mos.)

 

 

 

 

 

 

 

 

 

Max of 70% (60-119 mos.)

Other, please specify _________

EMPLOYER/BUSINESS ADDRESS Unit/Room No., Floor

Building Name Lot No., Block No., Phase No. House No.

Street Name

APPLICANT’S TAXPAYER

 

EMPLOYEE ID NUMBER

 

 

 

 

 

 

 

 

 

IDENTIFICATION NUMBER (TIN)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subdivision

Barangay

 

Municipality/City

 

Province/State/Country (if abroad)

 

ZIP Code

BUSINESS TEL. NUMBER

 

 

 

 

 

 

 

 

 

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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 Account/Disbursement Card that I have indicated on the right portion.

PAYROLL ACCOUNT/DISBURSEMENT CARD/PACKAGE UNIT ID

NAME OF BANK/BRANCH

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

monthly

amortization

on

this

loan and

the

MS of

herein

applicant

Implementing Rules and Regulations of Pag-IBIG Fund, I hereby waive my rights under R.A. No. 1405 and authorize

through

salary

deduction,

together

with

the

employer

Pag-IBIG Fund to verify/validate my payroll account/disbursement card. Furthermore, I hereby authorize

my present

counterpart, and remit said amounts to Pag-IBIG Fund on or

employer, ______________________________________________________________________________

or any

before the 15th day of each month, for the duration that the loan

employer with whom I may get employed in the future, to deduct the monthly membership savings (MS) and monthly

remains outstanding. However, should we deduct the monthly

amortization due from my salary and remit the same to Pag-IBIG Fund. If the resulting monthly net take home pay after

amortization due from the applicant’s salary but failed to remit it

deducting the computed monthly amortization on MPL falls below the monthly net take home pay as required under the

on due

date, this office agrees to

pay the corresponding

GAA/company policy, I authorize Pag-IBIG Fund to compute for a lower loanable amount.

 

 

penalty charged to applicant equivalent to ½% of any unpaid

I understand that should I fail to pay the monthly amortization due, I shall be charged with a penalty of ½% of any unpaid

amount for every month of delay and penalty for non-

amount for every month of delay.

 

 

remittance equivalent to 1/10 of 1% per day of delay of the

If for any reason excess loan proceeds are erroneously credited to my payroll account/disbursement card, I hereby

amount

payable

from

the

date the

loan

amortization or

payments fall due until paid.

 

 

 

 

 

 

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 further authorize Pag-IBIG Fund to disclose my personal information to legal and regulating authorities as appropriate in

_________________________________________

compliance with Anti-Money Laundering Act.

 

HEAD OF OFFICE OR AUTHORIZED SIGNATORY

 

I certify that the information given and any or all statements made herein are true and correct to the best of my knowledge

 

 

 

(Signature over Printed Name)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and belief. I hereby certify under pain of perjury that my signature appearing herein is genuine and authentic.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

________________________________________________

 

 

 

 

 

 

DESIGNATION

 

 

 

 

 

 

______________

 

_______________

______________

___________________________________

 

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 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 10.75% per annum, 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.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. In case of suspension from work, leave of absence without pay, insufficiency of take home pay at any time during the term of the loan, payments should be made directly to the Fund or its accredited collecting agents.

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 ½% of any unpaid amount shall be charged to me for every month of delay.

Signed in the presence of:

 

Witness

Witness

(Signature over Printed Name)

(Signature over Printed Name)

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 policies, rules, regulations and guidelines of the Pag-IBIG Fund.

6.In the event of default, the outstanding loan obligation shall become due and demandable. As a consequence thereof, the outstanding loan obligation, consisting of the principal, interest and penalties shall be subjected to offsetting against my Total Accumulated Value (TAV). However, immediate offsetting of my outstanding loan obligation may be effected immediately upon

approval of my request, provided such request is based on the following justifiable reasons and upon validation by the Fund: Borrower’s unemployment; illness of the member-borrower or any of his immediate family member as certified by a licensed physician, by reason thereof, resulted in his failure to pay the required amortization when due; or death of any of his immediate family members, by reason thereof, resulted in his failure to pay the required amortization when due.

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. In case of my death, the outstanding obligation shall be computed up to the date of death. Any payment received after death shall be refunded to my beneficiaries.

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 regulations governing this lending program that

Pag-IBIG Fund may

promulgate from time to time.

 

__________________________________

 

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 from my retirement

SIGNATURE OF APPLICANT

 

or separation benefits to fully settle my loan obligation. In the event that my retirement/separation benefits 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/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

 

 

 

CLAIM/HOUSING LOAN/STL VERIFICATION

 

PARTICULARS

WITH

WITHOUT

DV/CHECK / APPLICATION / P.N./AGREEMENT NO.

DATE FILED

VERIFIED

 

DATE

CLAIMS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HOUSING LOAN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MULTI-PURPOSE LOAN (MPL)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CALAMITY LOAN

 

 

 

 

 

 

 

 

 

 

 

 

LOAN APPROVAL

 

 

 

 

LOAN AMOUNT GRANTED

INTEREST

PREVIOUS LOAN BALANCE

LOAN PROCEEDS

MONTHLY AMORTIZATION

 

 

 

 

 

 

 

 

 

REVIEWED BY

DATE

APPROVED BY

DATE

DISAPPROVED BY

 

 

DATE

 

 

 

 

 

 

 

 

 

THIS FORM CAN BE REPRODUCED. NOT FOR SALE

(V02, 12/2015)

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)

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

GUIDELINES AND INSTRUCTIONS

A.Who May File

Any Pag-IBIG Fund member who satisfies the following requirements may apply for a Multi-Purpose Loan (MPL):

1.Has made at least twenty-four (24) membership savings (MS);

2.For members who have withdrawn their membership savings due to membership maturity, the reckoning date of the updated 24 MS shall be the first MS following the month the member qualified to withdraw his MS due to membership maturity;

3.Has five (5) MS for the last six (6) months as of month prior to date of loan application;

4.If with existing Pag-IBIG Housing Loan, the account must not be in default as of the date of application; and

5.If with existing MPL and/or Calamity Loan, the account/s must not be in default as of date of application.

B.How to File

The applicant shall:

1.Secure the Multi-Purpose Loan Application Form (MPLAF) from any Pag-IBIG Fund Branch.

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 complete application, together with the required documents to any Pag-IBIG Fund Branch. Processing of loans shall commence only upon submission of complete documents.

C.Loan Features

1.Loan Amount

A qualified Pag-IBIG member shall be allowed to borrow an amount based on the lowest of the following: desired loan amount, loan entitlement, capacity-to-pay.

1.1Loan Entitlement

The loan entitlement shall depend on the number of MS made, based on the following schedule:

Number of MS

Loan Amount

24 - 59 months

Up to 60% of the Total Accumulated Value (TAV)

60 - 119 months

Up to 70% of TAV

At least 120 months

Up to 80% of TAV

1.2Capacity to Pay

An eligible borrower’s loan shall be limited to an amount for which statutory deductions, monthly repayment of principal and interest, and other obligations will not render the borrower’s net take home pay to fall below the minimum requirement as prescribed by the General Appropriation Act (GAA) or company policy, whichever is applicable.

If the borrower has an existing Calamity Loan, the loanable amount shall be the difference between

80% of the borrowers TAV and the outstanding balance of his Calamity Loan; provided, it does not exceed the borrower’s loan entitlement.

2.Interest Rate

The loan shall bear an interest at the rate of 10.75% per annum for the duration 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: a) Crediting to the borrower’s cash card/disbursement card;

b) Crediting to the borrower’s bank account through LANDBANK’s Payroll Credit Systems Validation

(PACSVAL);

c) Check payable to the borrower; d) Other similar modes of payments.

5.Loan Payments

5.1The loan shall be repaid 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.

5.2Payments 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.

5.3The borrower may fully pay the outstanding balance of the loan prior to loan maturity.

5.4The 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.

6.Penalties

A penalty of ½% of any unpaid amount shall be charged to the borrower for every month of delay. However, for borrowers paying through salary deduction, penalties shall only be reversed upon presentation of proof that non-payment was due to the fault of the employer. In such case, penalties due from the borrower shall be charged to the employer.

Non-remittance of the total monthly 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 monthly amortization or payments fall due until paid.

7.Application of Payments

7.1Payments shall be applied according to the following order of priorities:

a.Penalties; if any,

b.Interest; and

c.Principal

7.2Accelerated Payments – any amount in excess of the required monthly amortization shall be applied to future amortizations.

8.Default

The borrower shall be 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 of the borrower to pay any three (3) consecutive monthly amortizations.

c. Failure of the borrower to pay any three (3) consecutive MS.

d. Violation by the borrower of any of the policies, rules, regulations and guidelines of Pag-IBIG Fund.

D.Other Provisions

1.The MPL and Calamity Loan 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 loan on these two programs shall be governed by their corresponding guidelines. In no case, however, shall the aggregate short-term loan exceed eighty percent (80%) of the borrower’s TAV.

2.For borrowers with existing Calamity Loan at the time of availment of MPL, the outstanding loan balance of the Calamity Loan shall not be deducted from the proceeds of the MPL.

3.In the event that an MPL account has a marginal balance of not more than P10.00 despite the payment of

the required 24 monthly amortization by the borrower, the Fund shall offset the said marginal balance from the borrower’s TAV.

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 borrower’s death, the outstanding obligation shall be computed up to the date of death. Any payments received after death shall be refunded to the borrower’s beneficiary.

5.An eligible member who is an active member under more than one employer shall have only one outstanding MPL at any given time. At point of application, he shall choose which employer shall deduct and remit his monthly MPL amortization.

6.A borrower may renew his MPL upon payment of at least six (6) monthly amortizations and he meets the eligibility criteria. The proceeds of the new loan shall be applied to the borrower’s outstanding MPL obligation and the net proceeds shall then be released to him.

7.If TAV offsetting has been effected on the borrower’s defaulting MPL, he may immediately apply for a new

MPL provided he has paid at least 6 monthly amortizations prior to default and meets the eligibility criteria. 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 date of TAV offsetting.

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1. The pag ibig multi purpose loan form 2021 fillable will require certain details to be entered. Ensure that the subsequent blank fields are complete:

A way to fill in mpl form 2021 part 1

2. Your next step is to fill in all of the following blanks: In the event of the approval of my, APPLICATION AGREEMENT, In consideration of the loan that, I understand that should I fail to, If for any reason excess loan, I authorize PagIBIG Fund to, I certify that the information, Signature of Applicant over, PROMISSORY NOTE, NAME OF BANKBRANCH, together with, This office agrees to collect the, HEAD OF OFFICE OR AUTHORIZED, Signature over Printed Name, and DESIGNATION.

Completing segment 2 of mpl form 2021

3. This third step is typically rather easy, I hereby waive notice of demand, in relation to this note may be, shall, pay, the, Finally this note shall likewise, P through salary deduction, of Pesos, amount, Payments are due on or before, the th day of, the month starting on, and succeeding months thereafter, Payments shall be applied, and and Principal - every one of these empty fields needs to be filled in here.

mpl form 2021 completion process detailed (portion 3)

4. Now proceed to this fourth portion! In this case you have these NAME OF BORROWER, For the month of Basic Salary, Add Allowances, Gross Monthly Income Less, Up to of the Total Accumulated, Capacity to Pay, B How to File, C Loan Features, Loan Amount, accountdisbursement carddeposit, of loans shall commence only upon, Interest Rate, The loan shall bear an interest at, The loan entitlement shall depend, and Loan Amount empty form fields to fill out.

Best ways to complete mpl form 2021 stage 4

Be extremely careful when filling in Up to of the Total Accumulated and NAME OF BORROWER, since this is where many people make a few mistakes.

5. To conclude your form, the particular subsection has several additional blanks. Entering Gross Monthly Income Less, Total Deductions Net Monthly, Issued this day of I certify, Loan Release, Loan Payments, PACSVAL, c Check payable to the borrower d, The loan proceeds shall be, A Who May File Loan Term, The borrower shall be in default, A penalty of of any unpaid amount, The loan shall be repaid in equal, deduction for any of the following, The borrower may fully pay the, and Accelerated Payments any amount is going to finalize the process and you're going to be done quickly!

Filling in section 5 in mpl form 2021

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