As natural disasters are inevitable, Pag-IBIG Funds members may breathe a little if a calamity strikes their homes. Eligible members may borrow 80 percent of their total Pag-IBIG Regular Savings at the lowest interest rate of 5.95 percent per annum.
Calamity-affected Pag-IBIG members can seek financial aid from the fund agency, provided that the calamity-stricken area where the member resides has been declared by the Office of the President or the Sangguniang Bayan.
The Calamity Loan program covers the following naturally-occurring disasters: Typhoon, Storm Surge, Tornado, Landslide, Earthquake, Tsunami, Volcanic Eruption, and El Niño and La Niña Phenomena. In case the calamity is not caused by natural disasters or by geological processes, the Fund agency shall conduct an internal assessment upon the approval of the Board.
Qualified members may borrow up to 80 percent of their total Pag-IBIG Regular Savings, consisting of their monthly contributions, their employer’s contributions, and accumulated dividends earned. In other words, the more a member saves, the higher the loan amount they may apply for.
Meanwhile, for those with outstanding Pag-IBIG loans, the amount of credit a member-borrower receives shall be the difference between the 80 percent of their total Pag-IBIG Regular Savings and the outstanding balance of your loan/s.
Pag-IBIG Calamity Loan eligibility
A Pag-IBIG member can qualify for the calamity loan if:
- they have at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings;
- Have an active membership, by having at least one (1) monthly membership savings within the last six (6) months prior to the day of the application;
- For those with existing Pag-IBIG Housing Loan, Multi-Purpose Loan, and-or Calamity Loan, the acount/s must not be in default; and
- A proof of income must be provided
Pag-IBIG Calamity Loan requirements
- Calamity Loan Application Form (CLAF, HQP-SLF-066) (1 Original) (1 Photocopy)
- Valid ID (1 Photocopy)
- Authorization Letter (ONLY for those filing through a representative)
- Proof of Income – Certificate of Net Pay for formally employed individual, accomplished by the employer or submit photocopy of one (1) month latest payslip duly authenticated by the company’s authorized signatory
- Proof of Income for Self–Employed are any of the following:
- ITR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registrant and Mayor’s Permit/Business Permit (1 Photocopy)
- Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months) (1 Original)
- Bank Statements or passbook for the last 12 months (in case income is sourced from foreign remittance, pension, etc.) (1 Original)
- Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTRFB for other PUVs) (1 Original)
- Certificate of Engagement issued by the owner of business (1 Original)
- Notarized Affidavit of Income (HQP-SLF-136) (1 Original)
- Proof of Income for Overseas Filipino Workers (OFW) are any of the following:
- Employment Contract (Employment Contract between employee and employer (1 Photocopy); POEA Standard Contract (1 Original))
- Certificate of Employment and Compensation (CEC written on the Employer/Company’s official letterhead (1 Original); CEC signed by employer (for household staff and similarly situated employees) (1 Original), supported by a photocopy of the employer’s ID and passport)
- Income Tax Return filed with Host Country/Government (1 Original)
Additional Requirements for Members affected by El Niño Phenomenon ONLY
- For farmers, including landlords, fisher folks, and livestock farmers
- Certification from the Municipal Agricultural Office (MAO) that their products were damaged/killed due to the calamity.
- For business owners/market vendors
- Certification from the Market Vendors Association or certification from the Municipal Mayor (if not a member of the association) attesting that he is engaged in the selling of farm products, vegetable, meat, fish, and that his source of livelihood was affected by the calamity.
- For Pag-IBIG Members or any of his immediate family members afflicted by diseases such as diarrhea, cholera, skin diseases, paralytic shellfish poisoning (red tide bloom), heat cramps, heat exhaustion, heat stroke, chickenpox, measles, and hypertension
- A Medical Certificate from the Doctor stating that such diseases/illness brought by the onset of calamity.
Note: In all instances, wherein photocopies are submitted, the original documents must be presented for authentication.
For those loan proceeds released through Payroll Account* or Disbursement card**, the member-borrower must submit a photocopy of the Payroll Account* or Disbursement card**. Meanwhile, for applications thru the employer, the photocopy of the Payroll Account* or Disbursement card** must be duly certified. For individual applications, the Payroll Account* or Disbursement card** must be presented for authentication.
* Payroll Accounts using Land Bank of the Philippines (LBP) Accounts for Disbursement
** Land Bank of the Philippines (LBP), Development Bank of the Philippines (DBP) or United Coconut Planters Bank (UCPB) Cash Cards
How to apply for Pag-IBIG Calamity Loan
A qualified member-borrower may apply via the following:
- Online, via Virtual Pag-IBIG
- Over-the-counter at the nearest Pag-IBIG branch
Via Virtual Pag-IBIG Step 1. Upload your duly accomplished Calamity Loan Application form and other requirements. Note: This is only available to members with a Pag-IBIG Loyalty Card Plus or cash cards issued by any of Pag-IBIG Fund’s partner banks for such purpose.
RELATED: How to create Virtual Pag-IBIG account: Step-by-step Guide
Via Over-the-counter Step 1. Submit your duly accomplished Calamity Loan Application form and other requirements through your employer or personally at any Pag-IBIG branch near you.
Step 2. Get and secure your Short Term Loan Acknowledgement Receipt (HQP-SLF-121)
Step 3. Receive your loan proceeds on the day of the scheduled date.
Calamity Loan Payment Schedule
The Calamity Loan is payable within three years (36 months), with the initial payment due on the 3rd month following the loan release. However, the member-borrower may also choose to pay their loans in two years (24 months).
For formally employed members, they may pay their loan amortizations via salary deduction arrangements with their employer. Advance payments can also be made via Virtual Pag-IBIG, any Pag-IBIG branch office, or the fund agency’s accredited collecting partners’ outlet.
On the other hand, self-employed individual or Overseas Filipino Workers (OFWs) may pay their loan amortizations directly via Virtual Pag-IBI, any Pag-IBIG branch office, or the fund agency’s accredited collecting partners’ outlet.
Pag-IBIG Funds noted that eligible members could only avail of the Calamity Loan within 90 days from declaring a state of calamity. To know more, read Pag-IBIG Fund Circular No. 449 here.
For further assistance regarding your loan benefit claim, contact the Pag-IBIG Fund Hotline at 8-724-4244 (8-Pag-IBIG) or email them at email@example.com. You may also accomplish and submit the Information Form here. – WhatALife.ph
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