PAG IBIG Salary Loan Calculator | Pag-ibig multi purpose loan

• Borrower’s valid ID (2) photocopies

The latest slip in income source
The Business Mayor’s permit slips, as well as valid income proof or commission vouchers and their corresponding photocopies, are all considered acceptable.

For Employed Borrowers:

• GSIS or SSS verified number
• Certificate of your net income for the recent month. You can also attach a photocopy of your one-month payslip with your application.
• Your favorite or connected PAG IBIG employer’s ID
• Employer’s signature on the MPLAF

Branch Code of PAG IBIG agency which you have selected.

PAG IBIG Salary Loan Calculator

Therefore, when applying for a PAG-IBIG loan, the amount you can borrow is based solely on your Total Accumulated Value (TAV), which is determined by your income source and salary.

How to compute pag ibig loan

Though you contributed total amount is multiplied by to loan amount according to this official percentage:

Monthly Contributions	TAV
24 – 59 months	More than 60%
60 – 119 months	More than 70%
120 months at least	More than 80%

If your per month contribution is Php200.00. Then you can calculate how much amount you can get for this Salary Loan:

• Add up your monthly PAG IBIG contributions.
• Multiply the total by Php 200.00.
• Use the percentage table to determine your contribution category.
• Calculate your Total Accumulated Value (TAV) based on the official percentage for salary loans.
• For example, if you plan to contribute for 35 months, multiply 35 by Php 200 to get Php 7,000.
• Multiply Php 7,000 by 60% to get Php 4,200.00, which is your TAV.
  “You can obtain an annual interest rate for a salary loan. As a result of your instrumental role in establishing this loan agency, we are proud to offer the lowest interest rates for loans across the country. It’s important to note that our applicants are required to make equal loan payments within their chosen repayment period.”

Computation Of  PAG IBIG Salary Loan

As PAG IBIG is a government institution, we strive to make the application process as convenient as possible for our applicants. You no longer need to manually compute your loan amounts because we have provided a Salary Loan Calculator on our website. This calculator will help you quickly determine your interest rate and provide guidance on your total payments.

Salary Loan Application

In order to apply for a PAG IBIG loan, applicants must first confirm that they meet the basic requirements and eligibility criteria. They should then complete the PAG IBIG Multiple Purpose Loan-Application Form (MPLAF).

When applying for a salary loan, the borrower must be an active member and apply in person at a PAG IBIG counter. They must have made contributions for at least 5 out of the last 6 months.

To apply, the applicant should prepare their documents and fill out the application slip at their nearest PAG IBIG branch. The branch will issue a prepaid Citi card for PAG IBIG membership, which will be used to receive salary loan credits.

It is important to note that if the applicant is continuously moving between cities without a confirmed destination, PAG IBIG will not issue the loan or approve the collaboration. This is because the organization conducts thorough verification of the applicant’s salary sources, personal details, and destination, and is not centralized for different monthly contributing places.

Process After Filling Out The Salary Loan Application

We will swiftly approve your salary loan application and issue your loan in no time. If you have not received the calculated amount within 23 working days, please visit our official counter.

In addition, your monthly salary loan payment will be automatically deducted from your registered salary, based on your chosen repayment method. Self-employed members are required to provide a bank arrangement slip, PAG salary loan fee, and verified documents.

FAQs

How Do You Calculate The Loanable Salary Amount Of PAG IBIG?

PAG IBIG provides borrowers with up to 80% of their requested loan amount. The loan amount is based on the borrower’s PAG IBIG savings, which include their monthly contributions, official monthly percentage, and Total Accumulated Value (TAV).

Which Amount Does PAG IBIG Offer You For Your Salary Loan?

You are requesting a salary loan ranging from Php 1,250,000 to Php 6,000,000, with PAG IBIG providing 80% of the total amount. You can determine your total salary loan amount by using the official PAG IBIG calculator.

Is short-term or long-term Salary Loan Accessible For All The Applications In The Philippines?

PAG IBIG offers loans for various purposes such as housing, emergencies, and Pagibig short-term or long-term financial needs to all citizens who meet the eligibility criteria. This funding organization is accessible to government employees, self-employed individuals, overseas Filipino workers, and other workers. If you have a PAG IBIG membership card, you can apply for a salary loan.

Conclusion

The PAG-IBIG Funding Organization provides borrowers with Salary loans, which can be used for a variety of immediate financial needs. With the help of a Salary loan calculator, you can determine the amount you need to pay. If you’re new to the loan application process, it’s a great idea to use PAG IBIG Salary Loan Calculator or pag-ibig multi purpose loan calculator to determine your loan amount. Simply obtain your PAG-IBIG membership card and apply for a Salary loan to take advantage of this opportunity. Enjoy the benefits of your Salary loan today!