Pag-IBIG Salary Loan (MPL) & Calamity Loan Calculator

Up to 90% of your Total Accumulated Value (TAV) — your own monthly savings, your employer's counterpart and the dividends credited to them — minus any outstanding Multi-Purpose, Calamity or HELPs loan balance. The loan is the lowest of that entitlement, the amount you apply for, and what your take-home pay can support (Pag-IBIG Fund Circular No. 469, item 5). With ₱55,555.56 of savings you can borrow ₱50,000.00.

1.4583% a month on the diminishing balance, including during the 2-month grace period (Circular No. 469, item 6) — about 17.5% a year. The Calamity Loan is much cheaper at 5.95% a year (Circular No. 470). Pag-IBIG notes that much of the interest income returns to members as dividends.

About ₱2,557.11 a month for 24 months (₱1,847.83 over 36 months) as a Multi-Purpose Loan, with the grace-period interest included; about ₱2,248.01 a month for 24 months as a Calamity Loan. Pag-IBIG's disclosure statement gives the exact amortization when the loan is approved.

At least 12 monthly membership savings (or total savings equal to 12 months), and you must be active: at least one (1) monthly membership savings within the last six (6) months before applying, or for OFWs at least one (1) monthly membership savings within the last twelve (12) months before applying. Any existing MPL, Calamity Loan or HELPs must not be in default, and you need proof of income (Circular No. 469, item 4).

After a 2-month grace period: payments start on the 3rd month from the date of the disbursement voucher or check and are due on or before the 15th of each month, usually by salary deduction. Terms are 12, 24, 36 months; if you do not choose, the term is 2 years.

After paying at least 4 monthly amortizations and not earlier than the 6th month after the release of the current loan; the outstanding balance is deducted from the new loan. If you pay the loan in full early, you can apply for a new one any time (Circular No. 469, item 14.3).

One-twentieth of one percent (0.05%) of the unpaid amount for every day of delay. Missing three consecutive amortizations — or three consecutive monthly savings — puts the loan in default, and Pag-IBIG then offsets the whole balance against your savings (Circular No. 469, items 10, 12 and 13).

A member with at least 12 monthly savings who lives or works in an area declared under a state of calamity and applies within 90 days of the declaration. It lends up to 90% of your savings at 5.95% a year, payable in 12, 24, 36 months with a 3-month grace period (payments start on the 4th month). It covers typhoons, storm surges, tornadoes, landslides, earthquakes, tsunamis, volcanic eruptions, El Niño and La Niña, and man-made hazards (Circular No. 470).

Hanggang 90% ng kabuuang ipon mo sa Pag-IBIG Regular Savings (sariling hulog, hulog ng employer at dividends), bawas ang natitirang balanse ng MPL, Calamity Loan o HELPs. Kung ₱55,555.56 ang ipon mo, ₱50,000.00 ang pwede; ang hulog ay mga ₱2,557.11 kada buwan sa loob ng 24 buwan sa 1.4583% kada buwan.