Guide to Applying for a Pag-IBIG Salary Loan

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When you get your first job, most employers hand you documents that allow you to enroll membership into PhilHealth, SSS, and Pag-IBIG. While PhilHealth is your basic medical insurance provider and the SSS is basically your identity as an employee (alongside your Tax Identification Number from the BIR), the Pag-IBIG Fund is a taxpayer’s gateway to financial assistance through the government.

Most people call it a “salary loan” in reference to the fact that the amount you can borrow is dependent on the contributions you have already made while you were employed. Its actual name is the Pag-IBIG Multi-Purpose Loan.

Here’s a quick guide if you need to apply for a Pag-IBIG Salary Loan:

Pag-IBIG Multi-Purpose Salary Loan

Pag-IBIG Salary Loan Eligibility

The first thing that you actually, really need to have accomplished is to have made 24 months’ worth of contributions to Pag-IBIG in order to qualify, as the minimum amount you can borrow is calculated dependent on the number of contributions a member has made.

Calculations for it are made according to the number of months (24) multiplied by the member/employer contribution (PHP 200), and then the loan factor of 60% is applied. Meaning that you can only loan PHP 2,880 out of the PHP 4,800 you contributed in the thirty months that you were a member of Pag-IBIG.

The amount you can take out on loan rises as your monthly contributions increase, and so does the loan factor. An employee who has made contributions for 120 months or more can take out a loan at an 80% factor.

Pag-IBIG Multi-Purpose Salary Loan

Pag-IBIG Salary Loan Requirements

You’ll need to get the following requirements before you actually go to a Pag-IBIG branch to apply:

You will also need to have been an active member at the time of loan application, with at least five (5) monthly contributions for the last six (6) months. The application form will require your employer’s information, so be sure to secure the following info as well:

  • Signature of Office Head/ or Authorized Representative
  • Employer
  • SSS/GSIS No.
  • Agency Code and Branch Code

Once you’ve gotten all these together, you can visit the Pag-IBIG branch nearest you, and have your documents processed for approval.

You can also apply for loan renewal later on, though it will require that you have made at least six months’ worth of payments towards your existing loan, and the outstanding balance, together with any accumulated interest, penalties and charges will be deducted from the new amount you take out.

How to Speed Things Up

Pag-IBIG Multi-Purpose Salary Loan

If you’re trying to ensure that your loan is processed faster, you’ll want to do a couple of things.

Consolidate the places you’ve worked at through Pag-Ibig. This means taking the time to request the workplace consolidation form and making sure that the agency has a complete record of your work history. If you’ve worked in one general area throughout your career, your loan’s processing time could be cut to as short as three days.

FPF400 allows for the member to transfer their membership records and loan details, effectively consolidating all their information and making it easier for the agency to process the loan.

You can get this form online to submit to your nearest Pag-Ibig branch, along with the requirements for your loan.

Final Thoughts

Of course, you may experience things differently, depending on where you apply for the loan. You may encounter complaints about delays in processing, or other issues, such as the property you plan on purchasing being foreclosed on. In cases like these, the agency recommends that you reach out via their helpdesk, either via e-mail ( or over the phone via the 8888 hotline.

One last important note is that some branches may be open past 5 PM (such as the one in Pasig), but remember that having all your requirements on-hand, and about a day to get it all done will be worth it.

READ MORE: Pay Pag-IBIG loans and Savings Thru Credit Card