Guide on Pag-IBIG Calamity Loan Offer for Members
The members of the Pag-IBIG Fund may turn to its Calamity Loan offer in times when their areas are left under a State of Calamity.
The impacts of a natural disaster are among those that can leave an area in total destruction. It can range from having minimal effects to damages in infrastructures to loss of lives. However, truth be told that no one can be 100% prepared for the possible impacts of a natural disaster.
Meanwhile, there are steps that you can do to boost your preparation for such unfortunate events in case it happens. One of these is by maintaining an active and update account to the Pag-IBIG Fund so when it happens, you may turn to the Pag-IBIG Calamity Loan offer.
The Pag-IBIG Calamity Loan offer is ready to financially assist its members who are living in areas declared under a state of calamity due to a natural disaster which includes the following:
- Typhoon
- Storm surge
- Tornado
- Landslide
- Earthquake
- Tsunami
- Volcanic eruption
- El Niño and La Niña phenomena
The government declares a state of calamity depending on the lives and properties affected by the natural disaster, the halting of the business operations and other normal operations in the area, and the inability of the residents in the calamity stricken-areas to live a normal life.
While there are considerations under the State of Calamity declaration, the Pag-IBIG Fund has its own set of eligibility requirements under its Calamity Loan offer. It is best to check on these qualifications to ensure your eligibility for the Calamity Loan offer as an emergency preparation.
The Calamity Loan offer of the Pag-IBIG Fund has helped thousands of its members through the years during times of natural disaster. Its main goal is to be able to help the members in recovering from the impacts of calamities most especially when it left them homeless and losing their source of living.