Are you looking to apply for a multi-purpose loan through the Home Development Mutual Fund (HDMF), also known as Pag-IBIG? You’ve come to the right place! Here’s everything you need to know about the HDMF Multi-Purpose Loan Application Form (MPLAF) and how to download, fill out, and submit it for a seamless loan application process.
What is the HDMF Multi-Purpose Loan?
The Pag-IBIG Multi-Purpose Loan (MPL) is a financial assistance program designed to help members meet their short-term financial needs. Whether it’s for education, medical expenses, home improvement, or even debt consolidation, this loan offers flexible terms and competitive interest rates to eligible members.
Where to Download the HDMF Multi-Purpose Loan Application Form (MPLAF)?
The official HDMF MPLAF can be downloaded directly from the Pag-IBIG Fund website. Simply visit www.pagibigfund.gov.ph and navigate to the loans section to find the latest version of the form.
Alternatively, you may obtain a physical copy at any Pag-IBIG branch nationwide.
CLICK HERE TO DOWNLOAD PAG-IBIG SALARY LOAN FORM.
Who Can Apply?
To qualify for a Pag-IBIG Multi-Purpose Loan, you must:
Be an active Pag-IBIG member with at least 24 monthly contributions.
Have sufficient net take-home pay after deductions.
Have no outstanding Pag-IBIG housing loan arrears (or be willing to use the loan proceeds to settle them).
Be employed or have an active source of income if self-employed.
How to Fill Out the MPLAF?
Once you’ve downloaded the HDMF Multi-Purpose Loan Application Form, follow these steps:
Personal Information – Fill in your name, address, birthdate, and Pag-IBIG ID.
Employment Details – Provide your employer’s name, address, and your employment history.
Loan Details – Indicate your desired loan amount and purpose of the loan.
Promissory Note Agreement – Read and understand the loan terms, including interest rates and repayment terms.
Sign and Submit – Affix your signature and submit the completed form with the required supporting documents.
How to Submit the Application?
You can submit the filled-out HDMF Multi-Purpose Loan Application Form along with the required documents to:
Any Pag-IBIG Fund branch office.
Through your employer, if they facilitate loan applications.
Online (if Pag-IBIG has enabled digital submission services).
Loan Features and Terms
Loan Amount: Up to 80% of your Total Accumulated Value (TAV) in Pag-IBIG.
Interest Rate: Fixed at 10.75% per annum.
Repayment Term: Up to 24 months with a grace period.
Mode of Payment: Salary deduction for employed members, or over-the-counter payments for voluntary members.
Final Thoughts
Applying for a Pag-IBIG Multi-Purpose Loan can provide much-needed financial relief for various needs. Make sure to download the correct HDMF MPLAF, fill it out accurately, and submit it with all necessary documents to avoid delays in processing.
For further assistance, visit the official Pag-IBIG Fund website or contact their customer service hotline.
Download the HDMF Multi-Purpose Loan Application Form today and take the next step towards financial flexibility!