HQP-SLF-065

MULTI-PURPOSE LOAN (MPL) (V02, 06/2017)

APPLICATION FORM (For IISP Branch Only)
Pag-IBIG MID No./RTN APPLICATION No.
(To be filled out by applicant. Print this form back to back on one single sheet of paper)
Type or Print Entries
LAST NAME FIRST NAME NAME EXTENSION (e.g., Jr., II) MIDDLE NAME MAIDEN MIDDLE NAME DATE OF BIRTH PLACE OF BIRTH
(For married women)

MOTHER’S MAIDEN NAME NATIONALITY SEX MARITAL STATUS CITIZENSHIP EMAIL ADDRESS
Male Single Widower Annulled
 Female  Married  Legally Separated
PRESENT HOME ADDRESS Unit/Room No., Floor Building Name Lot No., Block No., Phase No. House No. Street Name CELL PHONE NUMBER (Required) HOME TEL. NUMBER

SubdivisionBarangay Municipality/City Province/State/Country (if abroad) ZIP Code APPLICANT’S TAXPAYER SSS/GSIS No.
IDENTIFICATION NUMBER (TIN)

PERMANENT HOME ADDRESS Unit/Room No., Floor Building Name Lot No., Block No., Phase No. House No. Street Name BUSINESS TEL. NUMBER NATURE OF WORK

SubdivisionBarangay Municipality/City Province/State/Country (if abroad) ZIP Code EMPLOYEE ID NUMBER DESIRED LOAN AMOUNT

EMPLOYER/BUSINESS NAME DATE OF EMPLOYMENT LOAN PURPOSE

Non-Housing Related
 Livelihood/additional capital in small business  Vacation/travel
EMPLOYER/BUSINESS ADDRESS Unit/Room No., Floor Building Name Lot No., Block No., Phase No. House No. Street Name  Tuition/Educational Expenses  Special events
 Health & wellness  Car repair
 Purchase of appliance & furniture/electronic  Health & wellness
gadgets
SubdivisionBarangay Municipality/City Province/State/Country (if abroad) ZIP Code
Housing Related
 Minor home improvement/home renovation/  Others, specify
upgrades ________________
PREVIOUS EMPLOYMENT DETAILS FROM DATE OF Pag-IBIG MEMBERSHIP(Use another sheet if necessary)
EMPLOYER/BUSINESS NAME EMPLOYER/BUSINESS ADDRESS FROM (mm/yy) TO (mm/yy)

SIGNATURE OF APPLICANT PAYROLL ACCOUNT/DISBURSEMENTCARD/PACKAGE UNITID

In the event of the approval of my application for Multi-Purpose Loan, I hereby authorize Pag-
IBIG Fund to credit my loan proceeds through my Payroll Account/Disbursement Card that I
NAME OF BANK/BRANCH
have indicated on the right portion.

APPLICATION AGREEMENT
In consideration of the loan that may be granted by virtue of this application subject to the pertinent provisions of the This office agrees to collect the corresponding monthly
Implementing Rules and Regulations of Pag-IBIG Fund, I hereby waive my rights under R.A. No. 1405 and authorize Pag- amortization on thisloan and the MSof herein applicant
IBIG Fund to verify/validate my payroll account/disbursement card. Furthermore,I hereby authorize my present employer, through salary deduction, together with the employer
______________________________________________________________________________ or any employer with counterpart, and remit said amounts to Pag-IBIG Fundon or
whom I may get employed in the future, to deduct the monthly membershipsavings (MS) and monthly amortization due from before the 15th day of each month, for the duration that the
my salary and remit the same to Pag-IBIG Fund.If the resulting monthlynet take home pay after deducting the computed loan remains outstanding.However, should we deduct the
monthly amortizationon MPL falls below the monthly nettake home pay as required under the GAA/company policy, I authorize monthly amortization due from the applicant’s salarybut failed
Pag-IBIG Fund to compute for a lower loanable amount. to remit it on due date, this office agrees to paythe
corresponding penalty charged to applicant equivalent to 1/20
I understand that should I fail to pay the monthly amortization due, I shall be charged with a penalty of1/20 of 1% ofany of 1% of any unpaid amount for every day of delay and
unpaid amount for every day of delay. penalty for non-remittance equivalent to 1/10 of 1% per day of
If for any reason excess loan proceeds are erroneously credited to my payroll account/disbursement card, I hereby delay of the amount payablefrom the date the loan
authorize Pag-IBIG Fund to debit/deduct the excess amount from my account without need of further notice of demand. amortization or payments fall due until paid.
Should my account balance be insufficient, the Fund has the right to demand for the excess amount to be refunded.
I authorize Pag-IBIG Fund to disclose, submit, share or exchange any of my account information to legal and government _________________________________________
regulating agencies, other banks, merchant partners or third party in accordance with R.A. No. 9510 and other related or HEAD OF OFFICE OR AUTHORIZED SIGNATORY
pertinent laws and regulations. The credit information may also be transferred to service providers (e.g., Credit Information (Signature over Printed Name)
Corporation, Bankers Association of the Philippines - Credit Bureau), likewise in accordance with laws and regulations.
I certify that the information given and any or all statements made herein are true and correct to the best of my knowledge _________________________________________
and belief. I hereby certify under pain of perjury that my signature appearing herein is genuine and authentic. DESIGNATION
______________ _______________ ______________
___________________________________ Pag-IBIG EMPLOYER AGENCY CODE BRANCH CODE
Signature of Applicant over Printed Name ID NO.
PROMISSORY NOTE
For value received, I promise to pay on due date without need of demand to the order of 5. I shall be considered in default in any of the following cases:
Pag-IBIG Fund with principal office at Petron MegaPlaza, 358, Sen. Gil Puyat Avenue., City a. Any willful misrepresentation in any of the documents executed in relation hereto;
of Makati the sum of Pesos: b. Failure to pay any three (3) consecutive monthly amortizations;
c. Failure to pay any three (3) consecutive membershipsavings;
(P_______________) Philippine Currency, with an interest at therate of 10.5%per annum d. Violation of anyof the membership/STL/housing loanpolicies, rules, regulations, and
(equivalent rate of 17.50% based on diminishing principal balance), with interest during the guidelines of the Pag-IBIG Fund.
grace period and shall be amortized equally over the term of the loan. 6. In the event of default, the outstanding loan obligationshall become due and shall be
deducted from the TAV after exerting all collection efforts. However, immediate
I hereby waive notice of demand for payment and agree that any legal action, which may offsetting of my outstanding loan obligation may be effected immediately upon
arise in relation to this note, may be instituted in the proper court of Makati City. approval of my request, provided such request is based on the following justifiable
reasons and upon validation by the Fund: Borrower’s unemployment; illness of the
Finally, this note shall likewise be subject to the following terms and conditions: member-borrower or any of his immediate family members as certified by a licensed
1. I shall pay the amount of Pesos: _______________________________ physicianthat, by reason thereof, resulted in his failure to pay the required amortization
(P_______________) through salary deduction, whenever feasible, over a maximum when due; or death of any of his immediate family membersthat, by reason thereof,
period of 24 months, with a grace period of 2 months. In case of suspension from resulted in his failure to pay the required amortization when due.
work, leave of absence without pay, insufficiency of take home payat any time during 7. In the event of membership termination prior to loan maturity, any outstanding loan
the term of the loan,payments should be made directly to the Fund or its accredited obligation, shall be deducted from my TAV and/or any amount due me or my
collecting agents. beneficiaries in the possession of the Fund. In case of my death, the outstanding
2. Payments are due on or before the 15th day of the month starting on obligation shall be computed up to the date of death. Any payment received after date
_________________________ and 23 succeeding months thereafter. of death shall be refunded to my beneficiaries.
3. Payments shall be applied according to the following order of priorities: Penalties, 8. In case of falsification, misrepresentation or any similar acts committed by me, Pag-
Interest and Principal. IBIG Fund shall automatically suspend my loan privileges indefinitely. I shall abide
4. A penalty of 1/20 of 1%of any unpaid amount shall be charged to me for every day of with all the applicable rules and regulations governing this lending program that Pag-
delay. IBIG Fund may promulgate from time to time.
Signed in the presence of:
________________________________ ________________________________
Witness Witness __________________________________
(Signature over Printed Name) (Signature over Printed Name) Signature of Applicant over Printed Name

AUTHORITY TO DEDUCT (Optional)

In case of retirement/separation from employment, I hereby authorize my employer to deduct any outstanding MPL balance from my retirement SIGNATURE OF APPLICANT
or separation benefits to fully settle my loan obligation. In the event that my retirement/separation benefitis not sufficient to settle the outstanding
balance of my MPL or my employer fails for whatever reason, to deduct the same from said retirement/separation benefits, I hereby authorize
Pag-IBIG Fund to apply whatever benefits are due me from the Fund to settle the said obligation.

THIS PORTION IS FOR Pag-IBIG FUND USE ONLY

RECEIVED BY DATE REVIEWED BY DATE APPROVED/DISAPPROVED BY DATE

THIS FORM CAN BE REPRODUCED. NOT FOR SALE

 GUIDELINES AND INSTRUCTIONS

A. Who May File

Pag-IBIG Fund member who satisfies the following requirements:
1. Has made at least 24 monthly membership savings (MS);
 A member who haswithdrawn his MS due to membership maturity or who has optionally
withdrawn his MS, cannot obtain an MPL unless and until after he has subsequently paid 24 MS
CERTIFICATE OF NET PAY following the month of the said withdrawal
 A member, who does not meet the required 24 MS, may nevertheless, be allowed to avail of an
MPL if his total savings is at least equivalent to 24 MS at the rate applicable to him.
2. Has made at least one (1) MS within the last six (6) months prior to thedate of loan application;
3. If with existing Pag-IBIG housing loan, the account must not be in default as of the date of
application;
4. If with existing MPL and/or Calamity Loan, the account/s is/are not in default as of date of
application; and
5. Has sufficient proof of income.
NAME OF BORROWER B. How to File
The applicant shall:
1. Secure the Multi-Purpose Loan Application Form (MPLAF) from any Pag-IBIG Fund NCR/ Regional
For the month of: _________________ branch or download from Pag-IBIG website at www.pagibigfund.gov.ph.
2. Accomplish 1 copy of the application form.
3. Attach photocopy of payroll account/disbursement card/deposit slip (for newly-opened account).
4. Submit accomplished application, together with the required documents to any Pag-IBIG Fund NCR/
Basic Salary _________________ Regional Branch. Processing of loans shall commence only upon submission of complete
documents.
C. Loan Features
Add: Allowances 1. Loan Amount
A qualified Pag-IBIG member shall be allowed to borrow an amount based on the lowest of the
following:
_____________________ __________ 1.1 Desired Loan Amount
1.2 Loan Entitlement
Equivalent to eighty percent (80%) of TAV. However, If the borrower has an existing calamity
_____________________ __________ loan, the loanable amount shall be the difference between the eighty percent of the borrower’s
TAV and the outstanding balance of his calamity loan.
1.3 Capacity-to-pay
_____________________ __________ The loanable amount shall be limited to an amount which will not render the borrower’s Net Take
Home Pay (NTHP) to fall below the minimum requirement as prescribed by the General
Appropriation Act (GAA) or company policy, whichever is applicable.
_____________________ __________ 2. Interest Rate
The loan shall be charged with an interest of 10.5% p.a. (equivalent rate of 17.50% based on
diminishing principal balance).
_____________________ __________ 3. Loan Term
The loan shall be repaid over a maximum period of twenty-four (24) months, with a grace period of
two (2) months.
_____________________ __________
4. Loan Release
The loan proceeds shall be released through any of the following modes:
a) Crediting to the borrower’s disbursement card;
b) Crediting to the borrower’s bank account through LANDBANK’s Payroll Credit Systems Validation
(PACSVAL);
Gross Monthly Income __________ c) Through check payable to the borrower. However, when the check remains unclaimed for a
period of thirty (30) calendar days from the DV/Check date, the loan shall be cancelled.
d) Other acceptable modes of disbursement.
5. Loan Payments
Less: Deductions 5.1 The loan shall be paid in equal monthly payments in such amounts as may fully cover the
principal and interest over the loan period. Said amortization shall be made, whenever feasible,
through salary deduction.
_____________________ __________ 5.2 For self-employed individuals, Overseas Filipino Workers (OFWs), or other types of individual
payors, monthly payments shall be paid over-the-counter or any other modes if payment
approved by the Fund.
_____________________ __________ 5.3 Payments shall be remitted to the Fund on or before the fifteenth (15th) day of each month,
starting on the third (3rd) month following the date on the DV/check or manual disbursement
voucher.
_____________________ __________ 5.4 If the due date falls on a non-working day, the monthly amortization shall be paid before due date
Issued this _______ day of _________, 20__. or on the first working day after the due date.
5.5 The borrower may fully pay the outstanding balance of the loan prior to loan maturity.
I certify under pain of perjury that__________
_____________________ the above- 5.6 The borrower shall pay directly to the Fund in case the borrower is unable to pay through salary
mentioned information is true and correct. deduction for any of the following circumstances such as but not limited to:
a. Suspension from work
_____________________ __________ b. Leave of absence without pay
c. Insufficiency of take home pay at any time during the term of the loan; or
d. Other circumstances analogous to the foregoing.
E. ___________________________________________
_____________________
Loan Renewal __________ 5.7 Payment shall be applied according to the following order of priorities:
HEAD OF OFFICE/AUTHORIZED SIGNATORY a. Penalties; if any
F. Loan Renewal (Signature
over printed name) b. Interest; and
c. Principal
5.8 Any amount in excess of the required monthly amortization shall be applied to succeeding
amortizations which will be posted on the next due date.
Total Deductions __________ 6. Penalties
The borrower shall be charged a penalty of 1/20 of 1% of any unpaid amount for every day of delay.
However, for borrowers paying their loans through salary deduction, penalties shall be reversed only
upon presentation of proof that non-payment was due to the fault of the employer. The said penalties
including the penalty for non-remittance equivalent to 1/10 of 1% per day of delay of the amount
payable from the date the loan amortizations or payments fall due until paid, shall then be charged
Net Monthly Income __________ against the employer.
7. Default
The borrower shall be in default in any of the following cases:
a. Any willful misrepresentation made by the borrower in any of the documents executed in relation
hereto.
b. Failure of the borrower to pay any three (3) consecutive monthly amortizations.
c. Failure of the borrower to pay any three (3) consecutive Pag-IBIG monthly savings.
d. Violation by the borrower of any of the membership/STL/housing loanpolicies, rules, regulations,
and guidelines of Pag-IBIG Fund.
Issued this _______ day of _________, 20__.
E. Other Provisions
I certify under pain of perjury that the above- 1. The MPL and/or Calamity Loan programs shall be treated as separate and distinct from each other.
Hence, the member shall be allowed to avail of an MPL while he still has an outstanding Calamity
mentioned information is true and correct. Loan, and vice versa. Application for loans on these two programs shall be governed by their
corresponding guidelines. The outstanding loan balance of the Calamity Loan shall not be deducted
from the proceeds of the MPL.
2. In no case, shall the aggregate STL exceed eighty percent (80%) of the borrower’s TAV.
___________________________________________ 3. In the event of membership termination prior to loan maturity, the outstanding loan shall be deducted
from the borrower’s TAV and/or any amount due him or his beneficiaries in the possession of the
HEAD OF OFFICE/AUTHORIZED SIGNATORY Fund. In case of borrower’s death, the outstanding obligation shall be computed up to the date of
(Signature over printed name) death. Any payments received after shall be refunded to the borrower’s beneficiary.
4. An eligible member who is an active member under more than one employer shall have only one
outstanding MPL at any given time. At point of application, the member shall choose which employer
shall deduct and remit his monthly MPL amortizations.
5. A borrower may renew his MPL after payment of equivalent to six (6) monthly amortizations; not
earlier than sixth (6 th) monthly amortization due date; and provided that he meets the eligibility in
these guidelines. The proceeds of the new loan shall be applied to the borrower’s outstanding MPL
obligation and the net proceeds shall then be released to him. In case of full payment prior to loan
maturity, a borrower shall be allowed to apply for a new loan anytime thereafter.
6. If TAV offsetting has been effected on the borrower’s defaulting MPL, he may apply for a new MPL
provided he has paid at least the equivalent of 6 monthly amortizations prior to default and its
consequent offsetting against the borrower’s TAV. However, if he has paid less the than the
equivalent of 6 monthly amortizations prior to default, he may apply for a new loan only after two (2)
years from the date of TAV offsetting.