Which Pag-IBIG loan allows members to borrow against their existing savings?

The Pag-IBIG loan that allows members to borrow against their existing savings is known as the Pag-IBIG Multi-Purpose Loan. This type of loan provides members the flexibility to access their savings with the intention of addressing various personal needs, such as education, medical expenses, or other emergencies. Pag-IBIG members can leverage their accumulated savings in the fund to secure a loan, making it a practical option for those who need immediate access to cash while still benefitting from their contributions to the fund.

The other options do not serve the same purpose. The Pag-IBIG Home Equity Appreciation Loan, for example, is geared towards homeowners and typically involves borrowing based on the property's increased value rather than directly on savings. Regular Savings are simply deposits made by members to the Pag-IBIG Fund without the borrowing capability. The Calamity Loan is designed for members affected by natural disasters and does not directly allow members to borrow against their savings for general needs. Thus, the Multi-Purpose Loan stands out as the correct choice regarding borrowing against existing savings.