Starting May 16, 2025, Pag-IBIG Fund is letting members borrow more under its Multi-Purpose Loan (MPL) program — up to 90% of their total Pag-IBIG savings.

The announcement happened in the Philippines, aiming to help members cover immediate needs such as tuition, medical expenses, home repairs, business capital, or other personal requirements.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said the enhancement answers President Ferdinand Marcos Jr.’s directive to improve government services and make financial support more accessible.

Eligible members with at least 24 months of savings and active membership can now loan larger amounts. 

Depending on their contributions and paying capacity, with a maximum loan value reaching ₱5 million.

The Fund kept the interest rate at 10.5% per annum, offering repayment terms of up to three years, with the first payment due two months after loan release.

Members can apply through the Virtual Pag-IBIG platform, branch offices, or their employers’ authorized representatives.

In 2024, Pag-IBIG disbursed ₱59.2 billion in multi-purpose loans, assisting over 2.6 million members. 

With the expanded loan cap, the Fund expects to serve more borrowers dealing with rising living costs.

Pag-IBIG Fund assured the public that the MPL program remains sustainable, backed by its strong financial standing and growing members’ savings.

For more details, members can visit the official Pag-IBIG Fund website or access Virtual Pag-IBIG for online applications and inquiries.

Sources: (1), (2), (3)

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