OFWs Can Avail Multi-Purpose Loan Under Pag-Ibig

Monthly Contributions	5 Years	10 Years
Php 500.00	34,484.17	79,553.59
1,000.00	68,968.33	159,107.18
1,500.00	103,452.50	238,660.78
2,000	137,936.66	318,214.37
3,000	206,905.00	477,321.56
4,000.00	275,873.32	636,428.74
5,000.00	344,841.65	795,535.92

Read : HOW TO APPLY FOR PAG-IBIG MULTI-PURPOSE LOAN/ REQUIREMENTS AND PROCEDURE

1. What is the Multi-Purpose Loan? 

The Multi-Purpose Loan (MPL) is a cash loan under Pag-IBIG’s short-term loan program that aims to provide financial assistance to qualified members for: 

• House Repair 

• Minor Home Improvement 

• Home Enhancement 

• Tuition/ Educational Expenses -Pag-Ibig members can avail up to 80% of the             total contribution in Pag-Ibig for Education Loan. 

To know the total amount of Pag-Ibig contribution. To know the total amount of your contribution or savings you may call the PAg-Ibig hotline:  724-42-44. 

• Health and Wellness 

• Livelihood 

• Other purposes

2. Who are eligible? 

The loan is open to any Pag-IBIG member who: 
• Has made at least 24 monthly mandatory savings (MS) 
• Has 5 MS for the last 6 months prior to date of loan application 
• If with an existing Housing Loan and/or MPL and/or Calamity Loan, the account/s must not be in default prior to loan application

3. How much can one borrow? 
The borrower’s loan value shall be a percentage of his Total Accumulated Value (TAV), to wit: 
No. of monthly savings Loan Value 
24 – 59 months- Up to 60% of Total Accumulated Value (TAV) 
60 – 119 months - Up to 70% of TAV 
At least 120 months - Up to 80% of TAV

However, 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 render the borrower’s net take home pay to fall below the minimum requirement as prescribed by the General Appropriations Act (GAA) or company policy, whichever is applicable.

4. How much is the interest rate? 
The loan shall bear a nominal interest rate of 10.75% per annum, paid equally for the duration of the loan. 

5. What is the repayment period? 
The loan shall be repaid over a maximum period of twenty-four (24) months, with a grace period of two (2) months. Payments must be remitted to Pag-IBIG on or before the 15th day of each month starting on the 3rd month following the date on the DV/Check.

Watch the video below to know the requirements and how you can apply for loan:

More info here

©2015 THOUGHTSKOTO

Pag-Ibig House And Lot For Public Auction

Want to apply for home loans, or house mortgage? Pag-ibig offers you some of these houses that was pre-owned.

Buying house and lot can be very pricey right now. But if you are open to buy a pre-owned house, you can at least have a little discount. Foreclosed houses or repossessed properties can be a good option specially if you are on a budget. These properties are usually paid in part by the previous owner but previous owner would or could no longer continue paying for it. 

Unknown to many, Pag-Ibig or HDMF actually have public auction of foreclosed or repossessed properties. You may refer to the following picture for some of the properties that will be put in auction this coming February 4. 
You may visit our website again and we promise we will update you with more information regarding other properties for auction in the coming days or months. 

 This property has a land area of  240sqm and floor area of 80 sqm. Located in Mountain View Subdivision, San Jose Del Monte Bulacan. The minimum bid price is Php 1,651,320.

 Located in Evergreen County, Biñan Laguna, this property has total land area of 80 sqm and the house has floor area of 30 sqm. Minimum bid price is Php 969,750.

 This duplex located din Sta Rosa Garden Villas III, Sta Rosa Laguna has 60 sqm land area and floor area is 37.94 sqm. The starting bid is Php 901,956.

CHECK HERE FOR OTHER PROPERTIES HELD FOR AUCTION ON FEBRUARY 3

 Located in Molave Executive Townhomes, Marikina with a lot are of 50 sqm and floor area of 31 sqm is available for minimum bid price of Php 1,457,274.

 This other duplex unit in Marikina looks just like the previous one but has bigger land area of 105 sqm. the house has floor area of 56 sqm and minimum bid price is Php 1,452,045 much lower than the previous one.

The 6th property available for bidding on Feb 4 is this house and lot in Antipolo Rizal, it has land area of 40 sqm and floor area of 49 sqm. The minimum bid price is Php 383,391.07

If you are interested on any, you may visit Pag-Ibig and inform them you want to participate in the auction.
CHECK HERE FOR OTHER PROPERTIES HELD FOR AUCTION ON FEBRUARY 3

Interested parties may visit the ACQUIRED ASSETS MANAGEMENT Office of Pag-Ibig or contact MS. ROSCIEL A. BRIONES or MR. CONAN ACENAS at tel. nos. 654-1398 and 654-2410. You may also email your inquiries for further details at ncr_acquiredassets@pagibigfund.gov.ph or aad_ms@pagibigfund.gov.ph. 

©2016 THOUGHTSKOTO