Pag-IBIG calamity loan now available

ILOILO CITY, May 27 (PIA) — The Home Mutual Development Fund or Pag-IBIG Fund has made available its Calamity Loan Program to members in the city and province of Iloilo affected by the dry spell.

Gina Lanceta, branch head of Pag-IBIG Fund Member Service Molo Branch, said there are six local government units (LGUs) in Iloilo that have declared their areas under state of calamity due to El Niño.

These LGUs are Bingawan, Lambunao, Mina, Sta. Barbara, Janiuay and Iloilo City.

“Aside from our Multi-Purpose Loan, we are now catering to calamity loan applications from members coming from these affected areas,” said Lanceta.

The calamity loan program is open to all Pag-IBIG members to include government and private employees, overseas Filipino workers, self-employed and other working groups as long as they were able to meet the eligibility requirements.

Lanceta said to avail of the program, the member has made 24 monthly contributions and an active paying member for the last six months.

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An eligible member can borrow a maximum of 80 percent of his total accumulated value subject to the terms and conditions of the program, payable over a period of 24 months with a grace period of two months, and at an interest rate of 5.95 percent per annum.

Applicants must submit a completely filled-out application form downloadable online, photocopy of at least two valid IDs and pay slip.

She said there is no need for an applicant to submit a copy of the declaration as they already got hold of the copy of each LGU’s declaration.

In Iloilo, there are two Pag-IBIG branches located in Plazuela in Mandurriao district and GT Mall in Molo district. 

Both branches are open from 8:00 a.m. to 5:00 p.m., Mondays to Fridays with no noon breaks. (JBG/laf/PIA6-Iloilo)

 

Source: PIA Feed