Are you a victim of typhoon Ondoy calamity? Are you a Pag-Ibig Fund member? This is your chance to apply for Pag Ibig calamity loan. It was announced all over the news yesterday that the office of Pag-Ibig Fund has allotted for all typhoon Ondoy victims a specific funding for loan application. Download the calamity loan application form at the Pag-Ibig Fund website – www.pagibigfund.gov.ph/
A tip or two might help you from me here at Love Philippines blog. First, chances are you will need to have a proof of residence to apply for the loan. Secure a barangay clearance duly signed by your zone and district barangay chairman. Pag-Ibig Fund though had their own set of requirements in order for a member to apply for a loan.
- filing must be within 90 days of calamity occurrence
- 24 months amortization (after grace period of 5 months)
- 10.75% per annum
- renewable when a new calamity occurs
- up to 80% of the Total Accumulated Value (TAV) of member savings
- members with existing MPLs, loan balance shall be deductem from proceeds of calamity loan
- member must have made at least 24 monthly contributions