How to Apply and Get Approved for Pag-IBIG Calamity Loan: Helping You During Difficult Times

Here's all you need to know about Pag-IBIG Calamity Loan.

Facing financial challenges due to unforeseen calamities can be overwhelming. In such difficult times, the Pag-IBIG Calamity Loan provides a valuable resource to help you rebuild and recover.

Here’s a comprehensive guide to understanding and applying for the Pag-IBIG Calamity Loan.

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Pag-IBIG Calamity Loan Eligibility

You can only be allowed for Pag-IBIG Calamity Loan with the following conditions:

You must be an active Pag-IBIG Fund member with at least 24 monthly contributions.
You should reside in an area declared under a state of calamity by the National Disaster Risk Reduction and Management Council (NDRRMC) or a local government unit.

Pag-IBIG Calamity Loan Amount

Loanable Amount: You can borrow up to 80% of your Total Accumulated Value (TAV). This includes your personal contributions, employer share, and accumulated dividends.

Maximum Limit: The maximum loanable amount is Php 20,000, regardless of your Total Accumulated Value.

Interest Rate and Repayment

Interest Rate: The Pag-IBIG Calamity Loan has an affordable interest rate of 5.95% per annum.

Repayment Period: You have a 24-month repayment period, with the first payment due on the third month after the loan approval.

Pag-IBIG Calamity Loan Application Process

Document Preparation: Gather necessary documents such as a filled-out Calamity Loan Application Form, a copy of a valid ID, and the Barangay Certificate confirming that your residence is in a calamity-stricken area.

Online Application: Visit the official Pag-IBIG Fund website and fill out the online Calamity Loan application form. Attach the required documents.

Submission: Submit your application and documents through the online portal. Wait for the Pag-IBIG Fund’s verification and approval.

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Disbursement of Funds

If you have a Pag-IBIG Cash Card, the loan amount will be credited there. Ensure your card is active and can receive funds.

If you don’t have a Pag-IBIG Cash Card, the loan amount will be issued via check.

Repayment

Monthly Payments: Your monthly amortization will be automatically deducted from your salary if you are employed. If you are self-employed or voluntary member, you can pay through accredited collecting partners or over-the-counter at Pag-IBIG branches.
Early Payment: You can opt to pay the loan in full before the maturity date, saving you on interest payments.

Pag-IBIG Calamity Loan Renewal

If you’ve fully paid your previous Calamity Loan, you can avail of the program again for future calamities, provided your area is declared under a state of calamity.

Importance of Timely Payments

Ensure you pay your monthly dues promptly to maintain a good credit standing with Pag-IBIG Fund. This can make future loan applications smoother.

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By understanding the process and requirements, you can make the most of Pag-IBIG Calamity Loan to alleviate financial burdens caused by calamities. Remember, responsible borrowing and timely repayments can pave the way for a more secure financial future.

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For inquiries and assistance, you can contact Pag-IBIG Fund’s hotline at 724-4244. Visit the official Pag-IBIG Fund website for comprehensive information, FAQs, and online services.

Other Pag-IBIG Fund Members Benefits