Guide on Pag-IBIG Calamity Loan Requirements You Must Submit To Apply
Listed below are the Pag-IBIG Calamity Loan requirements for application that member-borrowers must submit to the Fund.
The Philippines is one of the countries that is prone to natural calamities including typhoons and earthquakes. Thus, countless individuals make sure they have, at least, some emergency preparations that they can turn to in case these natural disasters happen.
One of the emergency preparations that many people do is maintain an active and update account to the Pag-IBIG Fund. One of the longest-operating government agencies in the country, it is one of the state entities with a Calamity Loan offer.
In fact, the Pag-IBIG Fund is most popular for its Housing Loan offer which has helped countless Filipino families obtain a residential property or build their own home. Its loan offer gives millions of Filipinos options to acquire a residential property under low monthly installments due to its loan term that can be extended for up to 30 years.
Another loan offer of the Pag-IBIG Fund is the Calamity Loan. It was designed as an assistance for members in times of natural disasters like typhoon, earthquakes, hurricanes, and tsunamis. Truth be told that such unfortunate instances which are inevitable can bring massive damages to structures resulting to the destruction of homes and source of living. Worst, it can lead to deaths.
Under the offer, there are Pag-IBIG Calamity Loan requirements that a member must submit in applying for the loan offer. Here are the documents needed to apply for the loan offer:
- Accomplished Pag-IBIG Calamity Loan Form 2023[1]
- Pag-IBIG Loyalty Card
- At least two valid IDs
- Proof of income
- Selfie showing your cash card and ID card
- Declaration of being affected by the calamity (for formally employed members)
For approved loan applications, the Pag-IBIG Fund releases the loan proceeds either through a payable check to the member-borrower, his/her Pag-IBIG Loyalty Plus Card or Cash Card, or your bank account via the Payroll Credit System validation of the Landbank of the Philippines.
