PAG-IBIG FUND CALAMITY LOAN 2024 – You can check the details here on the loanable amount under the calamity loan offer for members.
In the Philippines, there are entities with multiple loan offers that include calamity loans. One of these entities is the Pag-IBIG Fund which has millions of members composed of not only Filipinos within the country but as well as abroad.
Pag-IBIG Calamity Loan Amount 2024 — Minimum & Maximum Loanable Values
Guide on Pag-IBIG Calamity Loan Amount 2024 — How Much Member May Borrow
PAG-IBIG CALAMITY LOAN AMOUNT 2024 – Here are the minimum and maximum loanable amounts under the Pag-IBIG Fund loan offer.
Do you want to prepare for the unforeseen circumstances as you don’t want to be left with no options at all in case they happen? One of the best ways is to maintain an active and update membership to the government agencies with loans and benefit offers.
In the Philippines, one of the government-run entities with multiple loans and benefit offers is the Pag-IBIG Fund. It is operating in the country for decades already and most of its members are locally-employed individuals in private and public sectors in the country.
An active Pag-IBIG membership is mandated among the employees of the offices, companies, and businesses in the public and private sector. The monthly contribution is often done through a payroll deduction.
Members of the Pag-IBIG Fund with updated accounts may qualify to the loans offered by the state-run entity. Aside from the Pag-IBIG Housing Loan which it is most popular of, the Fund also has a calamity loan offer.
Earthquakes, typhoons, storm surge, tsunami, and several other calamities are among the instances that cannot be prevented from hitting a place. The impact can range from nothing at all to damages in structures, homes, and source of living to deaths.
Through the Pag-IBIG Calamity Loan amount, the Fund aims to help its members who are living in calamity-stricken areas recover from the impact of the natural disaster. Here are the qualifications under the offer:
- a minimum of twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings
- has an active membership, by having posted at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application
- In case the member-borrower has an Pag-IBIG Housing Loan, Multi-Purpose Loan and/or Calamity Loan, the account/s must not be in default
- with proof of income
With regards to the Pag-IBIG Calamity Loan amount, it varies depending on the total Pag-IBIG Regular Savings of the member-borrower. According to the Fund, a member may borrow up to 80% of his/her total Pag-IBIG Regular Savings.
The Pag-IBIG Regular Savings consists of the members’ “monthly contributions, their employer’s contributions, and accumulated dividends earned”.
To apply for the offer, there are Pag-IBIG Calamity Loan Requirements that must be submitted for application. There is a different list of requirements for Pag-IBIG Calamity Loan 2024 application if the loan application will be filed by an authorized representative of the member.
