Pag-IBIG short-term loan eligibility now at least 12months of savings

Pag-IBIG members can now avail of a short-term loan after their first 12 months of savings in their Pag-IBIG savings account. According to a report from the CBD , Marilene Acosta, the chief executive officer of the Pag-IBIG Fund, announced this during the 2024 Stakeholders’ Accomplishment Report (StAR) for Visayas on March 21, 2025. Mrs. Acosta explained that the adjustment in loan eligibility aims to provide members with early access to Pag-IBIG’s loan services, such as the Calamity Loan, Multi-Purpose Loan (MPL), and the newly introduced Lung Health Loan. This initiative will greatly benefit new members of the Pag-IBIG Fund, particularly low-income earners facing financial crises or those recovering financially, by allowing them to avail of loans urgently to address their financial needs. Acosta also disclosed that the loan processing time will be shortened to as fast as an hour or, if possible, within five minutes, compared to the current processing time of two days. Our...