Guide on Pag-IBIG Calamity Loan Details & Application Process
PAG-IBIG CALAMITY LOAN – Here is a complete guide in applying for the offer of Pag-IBIG Fund in times of natural disasters.
The Pag-IBIG Fund members who are living in areas struck by a calamity has a loan offer that they may turn to – the Calamity Loan. It aims to assist members in the recovery from the impacts of the natural disaster.
To qualify for the Calamity Loan offer, the member-borrower must be living in areas stricken by a calamity as declared by the President’s Office or the Sangguniang Bayan and must possess the following qualities:
- at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings;
- Active membership, by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application;
- If with an existing Pag-IBIG Housing Loan, Multi-Purpose Loan and/or Calamity Loan, the account/s must not be in default; and
- Proof of income.
Under this loan offer, you may borrow up to 80% of your total monthly savings. Thus, if you have posted P10,000 already, your maximum loanable amount is P8,000.
With regards to the interest rate implemented by the government agency under the offer, kindly visit — Pag-IBIG Calamity Loan Interest Rate Your Loan May Incur – Here’s a guide….
To apply for the loan ofer, there are documents that you must submit to a branch of the Pag-IBIG Fund nearest to you. To check on the documentary requirements under the loan offer, you may visit — Requirement for Pag-IBIG Calamity Loan: List of Documents You Need to Submit.
You may also apply for the loan offer online to save time, energy, and money. For a guide on the online application process, feel free to visit — Pag-IBIG Calamity Loan – How To Apply Online (Requirements & More).
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You may also visit — Pag-IBIG Cash Loan for Locally Employed Members — A Complete Guide