Long queue outside PAG-IBIG Fund office in Commonwealth, Quezon City as Filipinos affected with coronavirus are availing for 'multi-purpose loan (MPL)' and 'calamity loan.' The purpose is for them to have cash they will used to recover from the financial crisis brought by the pandemic.

The threshold amount for allowable loan application shall be eighty percent (80%) of the total accumulated savings or “Pag-IBIG Regular Savings”, which shall include personal savings, counterpart contributions of employer, and dividends year-on-year.
A member can have an existing Pag-IBIG Fund MPL and still apply for Calamity Loan, as long as the member is updated with the payment of monthly contributions prior to the enhanced community quarantine done on 16 March 2020. The balance of the existing MPL will be deducted from the allowable loan threshold (80% of Pag-IBIG Regular Savings), and the difference shall be allocated for the Calamity Loan.
A member with an existing Pag-IBIG Fund MPL can still apply for another MPL, as long as s/he has paid at least six (6) monthly contributions in the existing MPL and is updated with monthly contribution payments prior to the enhanced community quarantine done on 16 March 2020. The balance of the existing MPL will simply be deducted from the allowable loan amount.