Pag-IBIG Calamity Loans for Kristine Victims

In response to the devastating effects of Typhoon Kristine, Pag-IBIG Fund has announced the availability of its Calamity Loan program and a one-month Housing Loan payment moratorium to assist affected members. This initiative aims to provide much-needed financial relief to those residing or working in areas declared under a state of calamity, including regions such as Region IV-A, Ilocos Region, Cagayan Valley Region, Region V, Region VIII, and NCR.

Calamity Loan Program: The Pag-IBIG Calamity Loan is designed to support members facing financial difficulties due to Typhoon Kristine. Qualified members can borrow up to 80% of their total Pag-IBIG Regular Savings, which consists of their monthly contributions, their employer’s contributions, and accumulated dividends earned. The loan is offered at a low annual interest rate of only 5.95%, with payment terms of 24 or 36 months, and the first payment deferred for three months.

One-Month Housing Payment Moratorium: Under the one-month Housing Loan payment moratorium, payments on members’ Housing Loans or installments will be suspended for the approved period at no additional cost. Eligible members may apply for the moratorium program until 31 December 2024, either through the Virtual Pag-IBIG or at the nearest Pag-IBIG branch.

Additional Support: For members who need financial assistance in areas not declared under a State of Calamity, the Pag-IBIG Multi-Purpose Loan is available to help them recover from the aftermath of the typhoon. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta emphasized the readiness of Pag-IBIG Fund in providing aid to members affected by the calamity.

Lingkod Pag-IBIG on Wheels (LPOW): To further assist members, the Lingkod Pag-IBIG on Wheels (LPOW) are scheduled to deploy in various areas in Quezon City, Valenzuela, Malabon, Laguna, Batangas, and Bicol. Members can submit their Calamity Loan applications and file for insurance claims if their homes mortgaged under Pag-IBIG Fund are damaged.

Members may also apply for a Calamity Loan or Multi-Purpose Loan online through the Virtual Pag-IBIG.

Source: Pag-IBIG offers Calamity Loans and One-Month Housing Payment Relief to members affected by Typhoon Kristine