Pag IBIG Salary Loan Calculator 2024: Get Accurate Loan Estimates

You might be working in the Philippines as an employee then you must be familiar with the Fund program called Pag-IBIG offered by the Philippines Government agency. Among their programs are housing loans, calamity loans, savings programs, and salary loans.

Speaking of Pag IBIG salary loan, which is a valuable benefit for Filipino members who need financial assistance instantly. Consequently, we created this Pag IBIG salary loan calculator to determine how much you can borrow and how much you’ll have to repay after including your desired loan amount, repayment term, and interest rate. Try it on your own!

Pag-IBIG Salary Loan Calculator

Did you get your estimates? Yes, you would have. Because it is designed to do so. But there is more than this. You need to know how this tool can help you to borrow money from the salary fund to cover your emergency expenses and how can you get more effective results.

In order to make an informed decision for your future and the future of those you love, you need a better strategic plan, and we hope our blog with this Pag IBIG multi-purpose loan calculator will help you do that.

What is Pag IBIG Salary Loan Program?

The PAG IBIG salary loan program is a benefit offered by the Philippine government’s Home Development Mutual Fund (HDMF), commonly known as PAG-IBIG Fund.

It stands for “Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno”, to simplify for you it means “Cooperation for the Future: You, Bank, Industry, and Government”.

This program allows eligible PAG-IBIG members to borrow money from the fund to cover urgent or emergency expenses. Members can borrow up to 80% of their total accumulated value, which is based on their monthly contributions and their employer’s contributions.

The loan amount is payable in 24 months with an interest rate of 10.5% per annum. The salary loan program aims to provide financial assistance to members in times of need, while also promoting responsible borrowing and timely repayment.

How to use our Pag IBIG Salary Loan Payment Calculator?

We designed this tool in such a manner that even a beginner finds this simple and straightforward to use. You don’t need a bunch of papers in your hand, nor knowledge of economical technicalities. Our tool requires you to know what you want and where you stand financially. Here are some simple steps:

  • Enter Your Desired Loan Amount: in the first field of our Pag IBIG multi-purpose loan calculator, you will be asked to enter your asking loan amount from the Pag IBIG fund program.
  • Select your Loan Term: Choose the loan term or how long you want to pay the loan back. In the case of a Salary loan, you can choose for 24 months.
  • Interest Rate: Generally, the Pag IBIG salary loan has a fixed 10.5% per annum interest rate which you need to follow.

After filling in all the required information, you need to click on the “calculate” button to get your estimated monthly repayment. Our calculator will use your provided data to generate results so you can easily manage your budget and stay on track with your payments.

How Much Can I Borrow under the Pag IBIG Salary Loan Program?

To borrow a Pag IBIG salary loan, you must be a member of Pag IBIG regular savings first or a contributor to the Pag IBIG Funding program at least for 24 months.

The member of the Pag IBIG Fund program can borrow up to 80% of their total accumulated value According to Pag IBIG officials, TAC refers to the sum of the monthly membership savings, including the upgraded MS, if such is the case, and employer’s counterpart, if any, and the corresponding dividends credited thereto.

In much simpler terms, TAV is your monthly contributions and your employer’s contributions plus the dividends earned by your Pag-IBIG contributions.

Let’s suppose, if your TAV is 100,000 PHP, it means you can borrow up to 80,000 PHP. 

There are other factors too which plays important role in determining your eligibility to borrow money such as credit score, income, and other outstanding loans you have borrowed.

What are the Pag IBIG Salary Loan Eligibility Criteria?

To get eligibility for a Pag IBIG salary loan or multi-purpose loan, you need to fulfill the following criteria for approval:

  • Your age should not be more than 65 years at the time of applying for your loan.
  • Your Monthly gross income should be 4,000 PHP minimum
  • You should have a permanent employment status for at least two years.
  • You should have no outstanding Pag-IBIG housing loan, multi-purpose loan, or calamity loan.
  • You should have no Pag-IBIG loan that was canceled, foreclosed, or subjected to a buyback.
  • You should have no Pag-IBIG loans that are in default.
  • You should have made contributions of 24 months in the Pag IBIG saving program.
  • You should have made a minimum of 1 membership saving within the last six months prior to your salary loan application.
  • You should have proof of income.

What are the requirements for applying for Pag IBIG salary Loan?

Before you apply for the Pag IBIG Multi-purpose salary online loan, you must prepare yourself with the following documents which I am going to mention below.

A duly accomplished Pag-IBIG Multi-Purpose Loan Application Form (MPLAF). You can download the form from the Pag-IBIG website or get it from any Pag-IBIG branch.

A photocopy of one valid ID (front and back). Acceptable IDs include a driver’s license, passport, SSS ID, GSIS ID, PRC ID, voter’s ID, or any government-issued ID.

Proof of income such as payslips or certificate of employment, if employed, or income tax return (ITR), if self-employed.

Other documents may be required by Pag-IBIG depending on your employment status, such as a certificate of no remittance or pay slip certification if your employer is not yet a registered Pag-IBIG member.

The required documents may vary if you are a self-employed Pag IBIG member. In this case, you will be asked to provide some additional documents like business permits or your business financial statements for the last few months.

Prepare all the above-required documents and submit them with the application to any nearest Pag IBIG branch.

How can you Apply for a Pag IBIG salary loan?

Applying for a Pag IBIG salary loan or multi-purpose program is easy to do with some simple steps.

Pag IBIG offers two convenience options that you can choose according to your feasibility.

First, you can submit your application online by uploading all the required documents on their virtual Pag IBIG portal.

The second option you can choose is to visit any nearest Pag IBIG Branch with your application form and required documents.


Pag-IBIG salary loan can provide financial assistance to eligible members who need to cover immediate expenses.

By using our Pag-IBIG fund salary loan calculator, you can easily estimate your loan amount and monthly payments, helping you plan your finances and make decisions.

However, before applying for a salary loan, make sure to check your eligibility, prepare all the necessary requirements, and follow the loan application process carefully as I guided in this blog post.

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