Quick Answer: How Is Pag Ibig Salary Loan Calculated?

Can I check my PAG IBIG contribution online?

Who Can Check Pag-IBIG Contributions Online.

Take note that only OFWs can check their contributions online.

If you’re a local employee or voluntary member, there are alternative ways to check your Pag-IBIG savings.

You can call Pag-IBIG’s 24/7 hotline at 724-4244 or email the agency at contactus@pagibigfund.com..

How do you know if your pag ibig loan is approved?

Loan Status Verification. Virtual Pag-IBIG. For questions or to follow-up on your loan application, please call (02)8724-4244 or chat us by clicking on the icon found at the bottom right of your screen.

How can I apply Pag Ibig salary loan online?

How to apply for Pag-IBIG Salary Loan Online?Download and accomplish the Pag-IBIG Multi-Purpose Loan Application form.Email form to your company HR, fund coordinator, or other authorized representative along with a front and back photocopies of.More items…•

How much is Pag Ibig salary loan?

Pag-IBIG Salary Loan vs SSS Salary Loan: What’s the Difference?Pag-IBIG Fund Multipurpose Salary LoanLoan Eligibility24 monthly contributionsLoan Amount60% to 80% of your total accumulated valueInterest Rate Per Annum10.75%FeesLate payment penalty: 0.5% of unpaid amount every month2 more rows•Jul 3, 2018

How much is Pag Ibig multi purpose loan?

Pag-IBIG Multi-Purpose Loan Amount If you have been paying your monthly savings every month for at least 2 years, you can borrow up to 60% of your Total Accumulated Value (TAV). If you have paid for at least 60 months then you can borrow up to 70% of you accumulated saving. This increases as your savings increases.

How long does Pag Ibig multi purpose loan approval take?

2 daysShort-Term Loan (STL) The Pag-IBIG Fund Multi-Purpose Loan or MPL is a cash loan designed to help our members with any immediate financial need. A member can borrow up to 80% of their Pag-IBIG Regular Savings, and can be processed in as fast as 2 days!

How can I calculate my Pag Ibig contribution 2020?

To compute your Pag-IBIG monthly contribution, follow this formula: monthly compensation amount x employee or employer share. For example, if you’re earning ₱4,000 per month, your Pag-IBIG monthly contribution is ₱80 (4,000 x 0.02 = 80), with your employer also paying ₱80.

How much is the maximum loanable amount in Pag ibig?

Housing Loan – Frequently Asked Questions. 1What can I do with a Pag-IBIG Fund Housing Loan? The Pag-IBIG Fund Housing Loan allows you borrow up to Php6 million to purchase a residential lot, a house and lot or a condominium unit.

How much is the loanable amount in Pag IBIG calamity loan?

Loan Amount Members can borrow up to 80% of their Total Accumulated Value (TAV) subject to the terms and conditions of the program. Calamity Loan Interest rate is 5.95% per annum. The loan is amortized over 24 months, with a grace period of 3 months.

How will I know if my PAG IBIG calamity loan is approved?

The member will receive a text message from Pag-IBIG if the loan is approved, and the Loyalty Card Plus or Cashcard shall be credited with the loaned amount.