PH STATE OF CALAMITY EXTENDED – Malacañang announced the extension of the state of calamity declaration in the Philippines.
Amid the ongoing fight against the COVID-19 pandemic, the Palace announced its decision of extending the state of calamity declaration in the Philippines as it is about to expire this month. Based on a report on ABS-CBN News, the Palace assured that it is working out on getting the country from the declaration but will possibly remain for three (3) months in lieu of the release of indemnification packages, the special risk allowance for health workers, and the emergency procurement. The local governments may continued pushing for the vaccination program under the declaration.
Pag-IBIG Calamity Loan – How To Apply Online (Requirements & More)
Pag-IBIG Calamity Loan Online Application, What You Need To Know
PAG-IBIG CALAMITY LOAN – Amid the Coronavirus crisis in the Philippines, Pag-IBIG allowed its members to apply for a loan online.
Due to the lockdown in Luzon, hundreds of workers have lost their income. Additionally, businesses have been closed and workers struggle as the virus continued its spread.
Luckily, PAG-IBIG announced on their official Facebook page that they are allowing the Calamity Loan and the Multi-Purpose Loan Program (MPL) to be applied online.
WHAT YOU NEED TO KNOW
Not all members have access to printers, along with this, shops have closed due to the lockdown. Luckily, Pag-IBIG made loan forms fillable online.
- Fill-out the online form
- After completing the form, save it as a PDF file.
- Following this, send the PDF file via email to your companies Human Resources (HR) or fund coordinator.
Applicants are required to send the files to employers as an application agreement in the form is needed to be signed.
REQUIREMENTS
Those eligible to apply are residents living in areas declared by the President as under a state of calamity. Furthermore, here are the required documents:
- Completed Pag-IBIG Calamity Loan or MPL form
- One (1) valid I.D. (Front and Back)
- Loyalty Card Plus (Front and Back)
- LandBank or DBP Cashcard
- At least twenty-four (24) monthly membership savings or contributions
- Sufficient proof of income
HOW TO KNOW IF LOAN WAS APPROVED?
Members who applied online will receive a text message showing confirmation of their loan. Moreover, members with confirmed loans will be informed whether the loan is credited in their Loyalty Card Plus, Landbank or DBP Cashcard.
HOW MUCH CAN YOU BORROW?
Members can receive up to 80% of their total Pag-IBIG Regular Savings. It usually includes:
- Employee’s monthly contributions
- Employer’s contributions
- Accumulated dividends earned
Moreover, applicants may apply for the calamity loan online within 90 days from the declaration of a State of Calamity.
READ ALSO: Pag-IBIG Fund To Release Updated Version Of Loyalty Card
