The Daily Tribune
Pag-IBIG Fund rolls out calamity loan
Pag-IBIG Fund has launched its Calamity Loan Program to help members impacted by Typhoon Crising, following President Ferdinand Marcos Jr.'s directive for immediate assistance in disaster-stricken regions.
Secretary Jose Ramon P. Aliling, chairperson of the Pag-IBIG Fund Board of Trustees, stated that they are prepared to offer aid to members affected by the typhoon and will continue monitoring areas that may be declared under a state of calamity.
Qualified members can avail of the Calamity Loan Program for up to 90% of their total Pag-IBIG Savings, which comprise their contributions, employer counterparts, and accumulated dividends.
The loan features an annual interest rate of 5.95%, which is the lowest among market cash loans, and has a repayment period of three years.
Borrowers will also receive a three-month grace period before their initial payment becomes due.
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Pag-IBIG Fund is offering calamity loans and housing loan insurance claims to members affected by Severe Tropical Storm Crising and the southwest monsoon.
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Pag-IBIG Fund is offering a one-month moratorium on housing loan payments for members in areas declared under a state of calamity to provide financial relief following recent storms and monsoon rains.
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The Government Service Insurance System (GSIS) has expanded its emergency loan program to include more areas in Luzon and Metro Manila affected by Severe Tropical Storm Crising and the enhanced southwest monsoon.
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The Department of Human Settlements and Urban Development (DHSUD) and its partner agencies are offering payment relief and emergency loans to families affected by recent typhoons and heavy rains.
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