My First Ever Loan: Pag ibig Multipurpose Loan

I was really planning that once I reach my 2 years of working I will try to apply for a loan I can avail with. I searched in the internet the type of loan I am eligible and based on what I have found out, I can loan with Pag iBig Multipurpose loan because you can now start applying for a loan once you have made 24 contributions. 

I asked for an application form directly from my HR department. I then filled out the necessary information so that they can already sign for it under employer's information. They also asked me to sign up the waiver for salary deduction for my monthly amortization once I will start paying. 

For the other requirements that I need to bring, these are the following:

- photocopy of the latest 1 month's payslip

- photocopy of 2 valid IDs 

- photocopy of 2 Valid IDs for the Cash Card

As for my case, since I just got married this year, I provided along with the requirements a photocopy of my Marriage Contract so it is really a good thing that I brought with me my Marriage Contract and other IDs. They also asked an ID where I have my married name on it. The only thing I have at that time is my Philhealth ID. It's a good thing they accepted it. 

I went to the Pag ibig branch which I prefer to go that is in Gaisano Capital South located in the heart of Colon St. Cebu City. The office is located in the fifth floor. When i arrived there there are people waiting for their number to be called in the big screen. As for me since I am pregnant I was given priority. I just went directly to either counter's, 1, 2, or 3 once it is already vacated. 

I handed all of my requirements to the teller. She asked me some questions like when I was married and when I did I start working. She also checked in the system If I am already eligible just to be sure. After that she prepared the cash card that is under Land Bank which signals that I am done with my application.

Wow! I can't imagine I finished my first loan and Pag ibig Multipurpose loan in just a few minutes. 

Oops! Before I forget, as for the releasing of the money, I just need to check the cash card 3-5 working days. 

That's a wrap! Until my next post bloggers!