The only other thing to consider when you want this option is that, you can

In many of our articles, there are instances when we don’t answer some questions. Our apologies. But that’s because the answer has already been very obvious in the article — if only the reader spent a few more minutes reading the entire article and understanding it thoroughly.
The Pag-IBIG Multi-Purpose Loan is open only to Pag-IBIG Fund Members who meet the following basic qualifications: Active or currently contributing to the Fund at the time of loan application. Has made at least of 24 months contributions.
Note calpers again that this is a recurring question which has been addressed in the previous article. In case you are wondering what on earth is TAV or you want to get a detailed answer to this question, please read the first article on Pag-IBIG Multi-Purpose Loan .
Once the loan has been approved, you may get the loan proceeds calpers from the office where you made the application or it will be mailed to you. The whole approved amount may be released through: Check Payable to the borrower’s name. LandBank’s Payroll Credit System Validation Philippine Domestic Dollar Transfer System
In case your housing loan is already over 9 months in arrears, you may still be allowed to avail of the Multi-Purpose Loan if the account has not yet been cancelled or foreclosed and the proceeds of the loan shall be used to cover the arrearages (missed payments).
Yes. As a matter of fact, it is preferable to the usual Housing Loan for use in Home Improvement in the sense that there are less documents calpers required from you. The regular Home Improvement Loan is quite complicated with lots of required technical documents calpers like House Design, Floor Plan, Project Costing, calpers etc.
The only other thing to consider when you want this option is that, you can’t expect to get a large amount for your loan. But for many Pag-IBIG members, that amount calpers is already enough to cover the expenses on renovation and improvements of the house.
nag submit na po ako ng renewal MPL application thru LBC naka address po sa Batangas branch,last February 15, 2011, bakit hanggang ngayon po ay wala pa akong natanggap na cheke or di bumalik ang aking application kung ano man po ang problema.Thank you
hello po,tanong lang po.bumalik na po ako dito sa aking jobsite.but on jan.18,2011 nagfile po ako nang mpl sa main office sa makati ang sabi po nila processing will take 4 to 6 weeks.makailang tawag na rin po ako sa makati main office calpers pero parang hindi yata inasikaso.it is going to be 3 months already on the 18th of april pero wala pa rin.ang tanong ko po may maantay po ba ako?alam ko po na marami ang papers na napoproseso but i thought sabi nila ang pag ibig ay maaasahanmo sa oras nang iyong pangangailangan.
I apply for a multi purpose calpers loan and mailed it through LBC. I receive a notice of confirmation that my loan is being approved last march 30, 2011 with a total loanable amount of P17,800. But until now April 2, 2011 I keep on checking my ATM and my proceeds is not yet forwarded on my atm. Thank you..
good day! ask ko lang po about my salary loan bale 2times na po ako ng loan e ngaun po gusto ko ulit irenew dahil nakaka-anim calpers na contribution na po ako simula september 2010-march 2011 gusto ko lang malaman kung magkano na ang pede ko ulit iloan
member na po ako ng pag-ibig since 2002. and then nakapag-loan ako 2005.sa kasawiang palad nagresigned po ako. nagkaron po ng 2 years lappsed na di ako nakapaghulog.simula calpers nung 2008 napunta po ako sa public school at nagsimula na ulit maghulog…pde pa po ba ako makapag-second loan? ano po mangyayari sa unang loan ko pano po ito mababawas? lahat po ba un ibabawas kaagad calpers sa dati kong loan?salamat po
OFW po ako, ang tanong ko bakit compulsary ang pag ibig membership or pag huhulog na hinde ko naman ito kailangan.
2 ang bahay ko hinde ko kailangan mag housing loan. Nag try ako mag apply para bumili ng farm lot na more than 1 ha. hinde naman ako inaprobahan so kung hinde naman tutugma sa akin pangangailangan ibig sabihin hinde ko ito kailangan at hinde dapat gawin compulsary ang pag ibig kung hinde naman ito tutugma sa status ng iba na tulad ko.
Hi i am a Pilipina who lives in New Zealand .I went to Tacloban City for a Holiday and i activated my Pag Ibig contributions because i dont want lost my membership and i have plans to buy a house and lot in my Province whch is Tacloban City. I dont have any idea on how to continue my contributions with Pag Ibig Funds. If any one of your officer can help me how much will i contribute and want bank should i deposit my contributions that would be a great help for me.
good day po, ask ko lang po sana, gusto ko po sana bayaran ng advance ung 5yrs o(60months) ko sa pag ibig in one time, possible po kaya eto? and gano po katagal pwede mag apply ng MPL para sa first timer po, maraming salamat calpers po..:)
just have an inquiry re my housing loan, I got 750k approved housing loan payable in 25