Pag-IBIG Fund Calamity Loan Philippines : pagibigfund.gov.ph

Organisation : Pag-IBIG Fund
Facility Name : Calamity Loan
Applicable State/UT : Philippines
Website : https://pagibigfund.gov.ph/index.html

What is the Pag-IBIG Calamity Loan?

The Pag-IBIG Fund Calamity Loan seeks to provide immediate financial aid to affected Pag-IBIG Fund members in calamity-stricken areas as declared by the Office of the President or the Sangguniang Bayan.

Related / Similar Facility : Pag-IBIG Fund Multi-Purpose Loan Philippines

Who Can Apply For Pag-IBIG Calamity Loan?

You must have the following to qualify for the loan:
** At least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings;
** Active membership, by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application;
** If with an existing Pag-IBIG Housing Loan, Multi-Purpose Loan and/or Calamity Loan, the account/s must not be in default; and
** Proof of income.

How To Apply For Pag-IBIG Calamity Loan?

You can easily apply for a Pag-IBIG Calamity Loan via the following options:
1. Online, via Virtual Pag-IBIG by:
** Uploading your duly accomplished loan application form and requirements; or
** Completing the Pag-IBIG Calamity Loan application online form (for members whose employers are enrolled under the Virtual Pag-IBIG for Employers)
2. Over-the-counter, by submitting your duly accomplished loan application form and requirements through your employer or personally, at the Pag-IBIG Fund branch nearest you.

Apply Here : https://www.pagibigfundservices.com/virtualpagibig/

FAQ On Pag-IBIG Calamity Loan

Frequently Asked Questions FAQ On Pag-IBIG Calamity Loan

How much may I borrow under the Pag-IBIG Calamity Loan?
** Qualified members may borrow up to 80% of their total Pag-IBIG Regular Savings, which consist of their monthly contributions, their employer’s contributions, and accumulated dividends earned.
** If you have an outstanding Multi-Purpose and/or Calamity Loan, the amount of loan you will receive shall be the difference between the 80% of your total Pag-IBIG Regular Savings and the outstanding balance of your loan/s.
** This means that the more you save in your Pag-IBIG Regular Savings, the higher loan amount you may apply for via the Calamity Loan.
** If you have an outstanding Pag-IBIG Multi-Purpose Loan (MPL), the amount you may borrow shall be the difference between the 80% of your total Pag-IBIG Regular Savings and the outstanding balance of your Pag-IBIG MPL.

How do I pay my Pag-IBIG Calamity Loan?
** The loan is payable within three years or 36 months with the initial payment due on the 3rd month after the loan release. Members may also opt to pay their loans in two years or 24 months.
** If you are an employed member, you may pay your loan amortizations via a salary deduction arrangement with their employer. Should you wish to accelerate or advance your payments, you may do so via Virtual Pag-IBIG, at any Pag-IBIG Fund branch near you, or through any of our accredited collecting partners’ outlets or their online payment channels.
** If you are a self-employed individual or an Overseas Filipino Worker (OFW), you may pay your loan amortizations via Virtual Pag-IBIG, at any Pag-IBIG Fund branch near you, or through any of our accredited collecting partners’ outlets or their online payment channels.

Until when can an eligible member avail of a Pag-IBIG Calamity Loan, once the program is made available?
Eligible members must avail of the Pag-IBIG Calamity Loan within a period of ninety (90) days from the declaration of a state of calamity by the Office of the President or the Sangguniang Bayan for their area of residence.

Additional Simplified Procedure

To apply for a Pag-IBIG Calamity Loan, you must meet the following qualifications:
** You must be an active Pag-IBIG member with at least 24 monthly membership savings.
** You must have made at least one monthly membership savings within the last six months prior to the date of your loan application.
** If you have an existing Pag-IBIG Housing Loan, Multi-Purpose Loan, and/or Calamity Loan, your account/s must not be in default.
** You must be a resident of the area that has been declared calamity-stricken.
** Your place of work must also be declared under a state of calamity, subject to the approval of the Pag-IBIG Fund Management.

Note:
You may apply for a Pag-IBIG Calamity Loan through the following channels

Online:
1. Go to the Pag-IBIG Fund website and log in to your Virtual Pag-IBIG account.
2. Click on “Apply for and Manage Loans”.
3. Click on “Apply for a Short-term Loan”.
4. Review the documents needed for the application and then click on “Proceed”.
5. On the “Select Loan Type” drop-down, choose the calamity loan according to repayment period/calamity/affected municipality or area.
6. Enter your Pag-IBIG membership ID number or MID and click on “Validate Your MID No.”
7. Once your MID number is validated, complete your contact details and click on “Next”.
8. Click on “OK” on the pop-up window asking if you want to proceed with your loan application.
9. Choose “OK” to receive a One-Time PIN (OTP) on your mobile number.
10. Type in your OTP and click on “Proceed”.

You will need to upload the following documents to your Virtual Pag-IBIG account:
** Completed Pag-IBIG Calamity Loan Application Form
** Valid ID
** Certificate of Residency
** Proof of income
** Other supporting documents, such as a certificate of damage to your property

Over-the-counter:
1. Visit any Pag-IBIG Fund branch.
2. Accomplish the Pag-IBIG Calamity Loan Application Form.

3. Submit the application form and the following requirements:
** Valid ID
** Certificate of Residency
** Proof of income
** Other supporting documents, such as a certificate of damage to your property

Note:
Once you have submitted your loan application, a Pag-IBIG Fund representative will review it and process it within 10 working days. You will be notified of the status of your application via email or SMS. If your loan application is approved, you will need to sign the loan agreement and receive your loan proceeds. You can receive your loan proceeds through a Pag-IBIG Fund branch, ATM withdrawal, or check.