Pag-IBIG Multi-Purpose Loan Calculator 2026
Use this Pag-IBIG multi-purpose loan calculator to estimate your monthly payment and total interest based on your loan amount and chosen repayment term.
Last updated: January 2026 · HDMF MPL Guidelines · Interest rate: 1.4583% per month, diminishing balance
Maximum loanable amount is 90% of your Total Accumulated Value (TAV). Check your TAV at pagibigfund.gov.ph.
What is the Pag-IBIG Multi-Purpose Loan
The Pag-IBIG Multi-Purpose Loan (MPL) is a short-term cash loan available to all qualified Pag-IBIG members. Unlike the housing loan which requires a specific purchase, the MPL can be used for any personal need — medical expenses, education, home repair, debt consolidation, or any legitimate purpose. Pag-IBIG does not require you to explain or justify how you use the proceeds.
The MPL is one of the most affordable personal loan options available to Filipino workers. It is significantly cheaper than most bank personal loans and far cheaper than credit card debt. Your loan is secured against your Total Accumulated Value — Pag-IBIG holds your savings as collateral, which is why the rate is so competitive. You can borrow up to 90% of your TAV, which is the sum of all your contributions, your employer's contributions, and the annual dividends credited to your account.
One point worth understanding: Pag-IBIG markets the MPL as a 10.5% per annum loan, but the figure actually used to compute your monthly amortization is 1.4583% per month on a diminishing balance, as stated in the Pag-IBIG MPL loan documents. The calculator above uses this 1.4583% monthly rate so your estimate reflects what you would really pay.
MPL Key Facts
| Item | Details |
|---|---|
| Maximum loanable amount | 90% of TAV |
| Interest rate | 1.4583% per month |
| Computation method | Diminishing balance |
| Loan terms | 12, 24, or 36 months |
| Grace period | 2 months |
| Minimum contributions required | 12 months |
| Recent contribution requirement | At least 1 within last 6 months |
Pag-IBIG markets the MPL as a 10.5% per annum loan; amortization is computed at 1.4583% per month on a diminishing balance. The 90% TAV cap and 12-month eligibility took effect May 16, 2025. Source: Pag-IBIG Fund MPL Guidelines.
Sample Monthly Payments
The table below shows estimated monthly payments for common loan amounts across all three terms, computed at the 1.4583% monthly rate. Use it as a quick reference before using the calculator above for your exact figures.
| Loan Amount | 12 months | 24 months | 36 months |
|---|---|---|---|
| ₱10,000 | ₱914.42 | ₱496.83 | ₱359.02 |
| ₱20,000 | ₱1,828.84 | ₱993.65 | ₱718.04 |
| ₱30,000 | ₱2,743.26 | ₱1,490.48 | ₱1,077.06 |
| ₱50,000 | ₱4,572.10 | ₱2,484.13 | ₱1,795.09 |
| ₱80,000 | ₱7,315.36 | ₱3,974.61 | ₱2,872.15 |
| ₱100,000 | ₱9,144.20 | ₱4,968.27 | ₱3,590.19 |
Frequently Asked Questions
How do I find out my TAV and maximum loanable amount?
Log in to Virtual Pag-IBIG at pagibigfund.gov.ph, go to My Savings and select Total Accumulated Value. Your maximum MPL is 90% of that figure. The Virtual Pag-IBIG portal also has a built-in loan calculator that shows your exact loanable amount based on your actual TAV.
How long do I need to contribute before I can apply?
You need at least 12 months of total Pag-IBIG contributions, with at least one contribution made within the last six months before your application. This 12-month requirement is a reduction from the previous 24-month rule, introduced alongside the increase of the loan cap to 90% of TAV.
What happens if I miss a payment?
A penalty of 1/10 of 1% per day (approximately 3% per month) is charged on the unpaid amortization. Missed payments also prevent you from renewing your loan until the account is brought current. Payment is typically made through salary deduction — if your employer fails to deduct and remit, contact Pag-IBIG directly as the liability in that case falls on the employer.
Can I have an MPL and a housing loan at the same time?
Yes. The MPL and housing loan are separate programs and do not affect each other's eligibility. You can hold both simultaneously as long as both accounts are not in default. The aggregate of all short-term loans — MPL and calamity loan combined — must not exceed 90% of your TAV.
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📋 Rates verified — Official sources: pagibigfund.gov.ph · Pag-IBIG Fund Multi-Purpose Loan Guidelines
⚠️ This page is for informational purposes only and does not constitute legal or financial advice. KnowMyGovt is not affiliated with Pag-IBIG Fund (HDMF) nor the Philippine government. Always verify with official government sources at pagibigfund.gov.ph.
