PAG-IBIG Fund is offering a Calamity Loan to assist members affected by the recent earthquake in Mindanao and floods in Eastern Visayas. The loan allows eligible members to borrow up to 80 percent of their total Pag-IBIG Savings at a low interest rate of 5.95 percent per annum. The repayment period is up to three years, with a three-month grace period before the initial payment is due. Qualified borrowers have 90 days to apply from the date an area is declared under a state of calamity.
Secretary Jose Rizalino Acuzar, chairman of Pag-IBIG Fund, highlighted the allocation of calamity loan funds for affected members in Mindanao and Eastern Visayas. He emphasized collaboration with local government units to provide necessary assistance, aligning with President Ferdinand Marcos, Jr.’s call for support.
Marilene Acosta, CEO of Pag-IBIG Fund, stated that P2.48 billion in calamity loans have been disbursed to aid 149,607 members in affected areas as of October. Despite challenges, Pag-IBIG branches in these regions remain open, coordinating with local government units to deploy service desks and the mobile branch, Lingkod Pag-IBIG On Wheels, for loan applications and insurance claims.
Acosta assured members of immediate financial assistance and accessibility to programs and services. Pag-IBIG branches, even in calamity-hit areas, are ready to receive applications, and the Lingkod Pag-IBIG On Wheels will be deployed to the most affected areas. Additionally, members with internet access can apply for calamity loans online through Virtual Pag-IBIG. Acosta reassured members that Pag-IBIG is committed to assisting them during these challenging times.
