Pag IBIG Multi Purpose Loan Calculator 2025

Pag-IBIG MPL Formula:

\[ \text{Loan Amount} = \text{Salary} \times \text{Multiplier} - \text{Outstanding} \]

Loan Amount (PHP):

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1. What is Pag-IBIG Multi Purpose Loan?

The Pag-IBIG Multi-Purpose Loan (MPL) is a short-term loan offered to Pag-IBIG Fund members for various needs like home improvement, minor home repairs, tuition fees, medical expenses, and other personal purposes.

2. How Does the Calculator Work?

The calculator uses the Pag-IBIG MPL formula:

\[ \text{Loan Amount} = \text{Salary} \times \text{Multiplier} - \text{Outstanding} \]

Where:

\( Salary \) — Your monthly salary (PHP)
\( Multiplier \) — Typically 5x (but can vary)
\( Outstanding \) — Any existing Pag-IBIG loans (PHP)

Explanation: The loan amount is generally up to 80% of your total Pag-IBIG savings or 5 times your monthly salary, whichever is lower, minus any outstanding loans.

3. Importance of Loan Calculation

Details: Calculating your potential loan amount helps in financial planning and ensures you borrow within your repayment capacity.

4. Using the Calculator

Tips: Enter your monthly salary in PHP, the multiplier (typically 5), and any outstanding Pag-IBIG loans. All values must be valid (salary > 0, multiplier > 0, outstanding ≥ 0).

5. Frequently Asked Questions (FAQ)

Q1: What is the maximum loan amount for 2025?
A: For 2025, the maximum loan amount is PHP 100,000 or 80% of your total Pag-IBIG savings, whichever is lower.

Q2: What is the interest rate for MPL?
A: The current interest rate is 10.75% per annum for MPL.

Q3: What is the repayment period?
A: The loan is payable within 24 months (2 years) with equal monthly installments.

Q4: Who is eligible for MPL?
A: Active Pag-IBIG members with at least 24 monthly contributions and no outstanding Pag-IBIG loans.

Q5: Can I apply online?
A: Yes, eligible members can apply through the Pag-IBIG online services portal.