BDO
Personal loans from BDO up to ₱1,000,000
₱10K – ₱1.0M
Interest from 25.58%
Approval: 5-7 banking days
Pag-IBIG Multi-Purpose Loan
Comparing 9 offers. Updated April 13, 2026.
Best offers – Pag-IBIG Loan 2026
BPI
BPI personal loans up to ₱2,000,000 with flexible terms
₱10K – ₱2.0M
Interest from 25.60%
Approval: 3-5 banking days
EastWest Bank
EastWest Bank personal loans up to ₱2,000,000
₱25K – ₱2.0M
Interest from 1.49%
Approval: 3-5 banking days
Security Bank
Security Bank personal loans up to ₱2,000,000
₱25K – ₱2.0M
Interest from 29.48%
Approval: 3-5 banking days
PSBank
PSBank personal loans up to ₱250,000
₱5K – ₱250K
Interest from 2.50%
Approval: 3-5 banking days
Landbank
Landbank personal loans up to ₱10,000,000
₱10K – ₱10.0M
Interest from 10.00%
Approval: 5-7 banking days
Social Security System Loans
SSS loans for members up to ₱500,000 with low interest
₱1K – ₱500K
Interest from 10.00%
Approval: 5-7 banking days
Metrobank
Metrobank loans up to ₱10,000,000 for big financial needs
₱500K – ₱10.0M
Interest from 5.90%
Approval: 5-7 banking days
UnionBank
UnionBank personal loans up to ₱1,000,000
₱10K – ₱1.0M
Interest from 2.00%
Approval: 3-5 banking days
Pag-IBIG Loan Philippines
The Pag-IBIG Fund (also known as HDMF – Home Development Mutual Fund) is a government-run savings scheme that offers two main loan types to its members: the Multi-Purpose Loan (MPL) and the Housing Loan. With over 15 million active members, Pag-IBIG is one of the most widely used financial institutions in the Philippines.
The Multi-Purpose Loan allows qualified members to borrow up to 80% of their total Pag-IBIG savings (Regular Savings), with a maximum of ₱6,000,000 for housing. For the MPL, loan amounts typically range from ₱2,000 to ₱500,000 depending on your contribution history. The interest rate for MPL is 10.5% per annum (approximately 0.875% per month), with repayment terms of up to 24 months.
To qualify for a Pag-IBIG multi-purpose loan, you need at least 24 months of Pag-IBIG contributions (can be non-consecutive), no outstanding MPL, and no default on any previous Pag-IBIG loan. Applications can be submitted online through the Virtual Pag-IBIG portal or at any Pag-IBIG branch. Processing typically takes 3-5 business days. Compare all government and private loan alternatives on CoolFinance.ph.