ei Multi-Purpose Loan PROGRAM Cash loan for various needs ‘The Mult-Purpose Loan (MPL) may be used for any of the folowing Minor home improvement Home Renov Livelihood /Aadtional Capta a Smal 8 Purchase of Appliance and Furniture / Electronic Gadgets Vacation / Travel Euigibitty Regu The Pag-6IG Fund member must satisly the fellowing to qualify fer the "= Has made atleast twenty-four (24) monthly membership savings (ws); ‘© A member who has withdrawn his MS due to membership matuty, or who as optionally withdrawn his MS, cannot bin an MPL unless and unt str he has subeequonly pais 24 MS fallowing the month of sald withdrawal © A member who does not meet the required 24 MS may bellowed to aval ofan MPL I his total savings feat least equivalent to 24 MS. = Has mage atleast ene (1) MS within the last sx (8) months prior to the date of loan application ‘= Irth existing Pag-I8IG Fund housing loan, MPL andlor Calamity ‘= Submission of suffciont prot af Income. Interest Rate ‘The loan will be charges with an interest of 10.5% per annum, Lean Amount The borrower's loan entitlement is equivalent to 80% of his Total Accumulated Valve (TAY). Ifthe borrower has an existing Calamty Loan, the loanable amount wil be the diference between BO% of the borrowers TAV and the outstanding balance of his Calamity Loan Loan Payments Formally-employed members shall pay their amortization through salary deduction For sat-employed incvidval, overseas Filipino workers (OFWs), or other ‘or through any other modes of payment approved by Pag-IBIG Fund, Loan Renewal [A borrower may renew his MPL after payment ofthe equivalent of si (6) monthly amortzations and upon eatatying the elgbilty requirements The proveeds of the new loan shall be applied to the borrower's 8 rebels, worn papiighind gow ph. LINGKYD Pag-IBIG