In response to the results brought on by Hurricane Kristine, Pag-IBIG Fund has introduced the supply of its Calamity Mortgage program and Housing Mortgage fee moratorium to help affected members.
Members residing or working in areas declared beneath a state of calamity — together with areas in Area IV-A, Ilocos Area, Cagayan Valley Area, Area V, Area VIII, and NCR — could apply for Calamity Loans and one-month Housing Mortgage fee Moratorium to alleviate their monetary difficulties and allocate their funds towards extra fast restoration wants.
“Pag-IBIG Fund is right here to supply help to our Filipino employees who’re dealing with monetary difficulties brought on by Hurricane Kristine via the supply of the Calamity Mortgage and the grant of one-month housing mortgage fee moratorium. We wish to present reduction to our members within the hardest-hit areas as they get well from the impression of the storm. Consistent with President Ferdinand Marcos, Jr.’s name, we’re devoted to extending all mandatory help to assist them get well and rebuild,” mentioned Secretary Jose Rizalino L. Acuzar of the Division of Human Settlements and City Improvement and Chairperson of the 11-member Pag-IBIG Fund Board of Trustees.
The Pag-IBIG Calamity Mortgage is among the company’s Brief-Time period Mortgage packages designed to supply reduction and help to members residing or working in areas declared beneath the State of Calamity. Certified members can borrow as much as 80% of their complete Pag-IBIG Common Financial savings, which consists of their month-to-month contributions, their employer’s contributions, and accrued dividends earned. The mortgage is obtainable at a low annual rate of interest of solely 5.95%, with fee phrases of 24 or 36 months, and the primary fee deferred for 3 months.
For members who want monetary help in areas not declared beneath a State of Calamity, the Pag-IBIG Multi-Function Mortgage is obtainable to assist them get well from the aftermath of the storm.
In the meantime, beneath the one-month Housing Mortgage fee moratorium, funds on members’ Housing Loans or installments will probably be suspended for the authorised interval at no further value. Eligible members could apply for the availment of the moratorium program till Dec. 31, 2024, both via the Digital Pag-IBIG or on the nearest Pag-IBIG department.
Pag-IBIG Fund Chief Govt Officer Marilene C. Acosta emphasised the readiness of Pag-IBIG Fund in offering support to members affected by the calamity.
“We wish to guarantee our members that we are going to stay proactive in serving to them get well. Our fast precedence is to offer them help in all of the methods we will. Our Lingkod Pag-IBIG on Wheels (LPOW) are scheduled to deploy in numerous areas in Quezon Metropolis, Valenzuela, Malabon, Laguna, Batangas, and Bicol.”
“By our LPOW, Pag-IBIG members could submit their Calamity Mortgage functions to help of their fast restoration, file for insurance coverage claims if their properties mortgaged beneath Pag-IBIG Fund are broken, and file for a Housing Mortgage for main dwelling repairs. Our members can all the time rely on us for well timed and dependable help, particularly in instances of want,” Acosta added.
Members may apply for a Calamity Mortgage or Multi-Function Mortgage on-line via the Digital Pag-IBIG.
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