Can I apply for another Pag-ibig Short Term Loan After My TAV has been used to pay my delinquent Short Term Loan? 


Yes.
 But there are two conditions.

 1.   If you have made at least 6 monthly payments BEFORE TAV offsetting, you can apply for another short term loan any time after TAV offsetting. Even immediately after TAV offsetting.

 2.   If you have made less than 6 monthly payments BEFORE TAV offsetting, you have to wait for 2 years before you can apply for another short term loan.

 

Other requirements BEFORE you can apply for a Short Term Loan: 

 . You must have made at least one monthly contribution within the past 6 months.
 .  If you have a Pag-ibig Housing Loan, it should not be delinquent.
 .  If you have a Pag-ibig Calamity Loan, it should not be delinquent.
 .  If you have already claimed your Provident benefits, and later on, started to save again with Pag-ibig, you must have saved at least 24 monthly contributions before applying again for a Short Term Loan.

When Is TAV Offsetting Done?
After 3 consecutive months of non-payment of monthly loan payments.

Is TAV Offsetting Good?
For me personally, I think this is good. Why? Because when the loan is paid, the borrower avoids further interests and penalties.
If the loan is left outstanding, the total loan will balloon after many months of interests and penalties.

Reference:

Pag-ibig Fund
Circular No. 374

To: All Concerned
Subject: Revised Guidelines on the Pag-ibig Multipurpose Loan (MPL) Program Under the Short-Term Loans Management System of the Integrated Information Systems Project (STMLS - IISP).

14.7 Availment of MPL after TAV Offsetting
If TAV offsetting has been effected on the borrower's defaulting MPL, he may apply for a new MPL subject to the following conditions:
14.7.1 
If the borrower has paid at least six (6) monthly amortizations prior to default and its consequent offsetting against the borrower's TAV, the borrower may immediately apply for a new loan, subject to the eligibility criteria provided in these guidelines;
14.7.2
If the borrower has paid less than six (6) monthly amortizations prior to default and its consequent offsetting against the borrower's TAV, the borrower may apply for a new loan only after two (2) years from date of TAV offsetting, subject to the eligibility criteria provided in these guidelines.

Signed February 23, 2017 TEXT