{"id":275282,"date":"2020-11-13T06:14:29","date_gmt":"2020-11-13T11:14:29","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=275282"},"modified":"2020-11-13T06:14:29","modified_gmt":"2020-11-13T11:14:29","slug":"pag-ibig-offers-calamity-loan-for-typhoon-hit-members","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/11\/13\/pag-ibig-offers-calamity-loan-for-typhoon-hit-members\/","title":{"rendered":"Pag-IBIG offers calamity loan for typhoon-hit members"},"content":{"rendered":"
\"\"<\/a>
FILE: Several kids run after a speeding delivery truck along the flooded stretch of the Emilio Aguinaldo Highway in Bacoor, Cavite on Friday (Nov. 13, 2020). (PNA photo by Jess M. Escaros Jr.)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0\u2013 The Home Development Mutual Fund (Pag-IBIG Fund) will allow its members affected by the two destructive typhoons to apply for a calamity loan.<\/p>\n

“Dahil po dito sa nagdaang<\/em>\u00a0Typhoon Ulysses\u00a0at sa nakaraan pong<\/em>\u00a0(Super) Typhoon Rolly\u00a0ay nakahanda po ang<\/em>\u00a0Pag-IBIG Fund\u00a0na tumugon sa pangangailangan ng ating mga miyembro, mayroon po tayong<\/em>\u00a0calamity loan program\u00a0na maaari pong tangkilikin ng ating mga miyembro<\/em>\u00a0(Because of the latest Typhoon Ulysses and the previous Typhoon Rolly, the Pag-IBIG is ready to address the needs of our members, we have a calamity loan program that they could avail),” said Pag-IBIG president and chief executive officer Acmad Rizaly Moti said in a Laging Handa press briefing.<\/p>\n

Under the Pag-IBIG calamity loan program, Moti said members can avail of a loan mortgage up to 80 percent of their total membership savings fund with a three-month grace period.<\/p>\n

The eligible members that could avail of the loan program are those active members with updated accounts and have already deposited 24-monthly savings to the Pag-IBIG Fund.<\/p>\n

“On the average, our members can borrow around PHP20,000 because we are computing the 80 percent of total savings deposited by our members,” Moti said.<\/p>\n

Under Republic Act 11494 or the Bayanihan to Recover as One Act (Bayanihan 2), Moti said the Pag-IBIG Fund has earlier granted a 60-day grace period on all housing loan payments.<\/p>\n

Moti said the fund also offered a “special housing loan restructuring program” for its borrowers.<\/p>\n

Under the restructuring program, Moti said all penalties will be automatically condoned once the member’s application is approved.<\/p>\n

Borrowers can renegotiate the terms of their loan and secure a more affordable payment agreement, Moti added.<\/p>\n

Meanwhile, Moti announced the members can now apply for a calamity loan online.<\/p>\n

The loan application could be processed within two-days, he said.<\/p>\n

Moti urged the members to visit www.pagibigfund.gov.ph, to know more about the Pag-IBIG Fund loan offers or inquire about the status of their applications through contacting 8724-4244 or 8(PAG-IBIG).<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0\u2013 The Home Development Mutual Fund (Pag-IBIG Fund) will allow its members affected by the two destructive typhoons to apply …<\/p>\n","protected":false},"author":44,"featured_media":275283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[],"class_list":["post-275282","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","mauthors-lade-jean-kabagani","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/275282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=275282"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/275282\/revisions"}],"predecessor-version":[{"id":275284,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/275282\/revisions\/275284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/275283"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=275282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=275282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=275282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}