Pag-IBIG offers payment moratorium, loans for calamity-hit borrowers

Pag-IBIG Fund is offering a one-month payment moratorium for housing loan borrowers in areas declared under a state of calamity due to recent typhoons and earthquakes.

In addition to the moratorium, Pag-IBIG is reminding housing loan borrowers of their built-in insurance coverage to help with repair costs for damaged homes.

Department of Human Settlements and Urban Development Secretary Jose Ramon Aliling emphasized Pag-IBIG's readiness to respond to members' needs during disasters.

Pag-IBIG is also providing an affordable calamity loan program, offering up to 90 percent of a member's Pag-IBIG Regular Savings at a 5.95 percent annual interest rate, which can be repaid over three years with a three-month grace period.

Furthermore, a home improvement loan of up to P300,000 is available for qualified members to undertake necessary repairs or upgrades.