Pag-IBIG Fund offers loans, moratorium for storm-hit members

The Pag-IBIG Fund announced Wednesday it is ready to assist members affected by Severe Tropical Storm Crising, Typhoon Dante, Typhoon Emong, and the southwest monsoon through its Calamity Loan program and Housing Loan Insurance Claim for damaged homes.

Eligible members in areas declared under a state of calamity can apply for the Calamity Loan, which allows them to borrow up to 90 percent of their Pag-IBIG savings with an annual interest rate of 5.95 percent.

Pag-IBIG Fund has also offered a one-month moratorium on housing loan payments to help ease financial burdens and redirect resources toward recovery needs for members in affected areas.

The Lingkod Pag-IBIG On-Wheels mobile office will be deployed to accept loan applications and insurance claims from members with typhoon-damaged homes, while eligible borrowers can file their moratorium applications until August 24 online or at any Pag-IBIG Fund branch without processing fees.

Members can also file Housing Loan Insurance Claims under All Risks coverage, requiring documents such as a completed claim form, report of loss, cost estimate, photos or proof of damage, and certification from the Barangay Captain if applicable.

The Office of the Civil Defense (OCD) reported that at least 1.9 million Filipinos across the country were affected by Crising, Dante, Emong, and the 'habagat', with around 25,000 families seeking temporary shelters in evacuation centers while approximately 21,000 families are taking shelter outside of government facilities.