Pag-IBIG Fund has heard our call!
Amid the threat of pandemic novel coronavirus disease (COVID-19) in the country, the Pag-IBIG Fund has recently updated its loan application process. Those who do NOT have access to a printer can now digitally apply for Multi-Purpose Loan and Calamity Loan. This was recently announced via their Facebook Page.
WHO CAN APPLY?
- Actively contributing members “residing in areas included in the declaration of a state of calamity by the Office of the President or the local council,”
- Loan applicant must have at least 24 monthly membership savings and sufficient proof of income to qualify.
- For members with existing loans such as Pag-IBIG Fund Housing Loan, MPL and/or Calamity Loan, your payments must be updated.
HOW TO APPLY?
SIMPLIFIED VERSION
1. Download the forms for Multi-Purpose Loan and Calamity Loan . Fill out completely.
2. Save the filled-out form as PDF file.
3. Send the PDF file via email to your company Human Resources (HR) department, authorized company representative, or Fund Coordinator with other requirements below:
- One (1) valid ID of applicant
- Front and back images of applicant’s Loyalty Card Plus, or Landbank, UCPB or DBP cash card.
The company HR, authorized representative, or Fund Coordinator shall e-mail the following to the Pag-IBIG Fund email address designated for your area:
1. Applicant’s loan application and requirements
2. The filled-out ‘Employer Confirmation of STL Application’ bearing the applicant’s name. The form can be download via this link -> CLICK HERE.
NOTES:
- Qualified members may borrow up to 80% of their total Pag-IBIG Regular Savings. This consists of their monthly contributions, their employer’s contributions, and accumulated dividends earned.
- For members with 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.
- Eligible borrowers must avail of the Calamity Loan within a period of 90 days from the declaration of a state of calamity.
- The loan is payable within 24 months and comes with the initial payment due on the third month after the loan release.
- Formally-employed members shall pay their loan amortization through a salary deduction arrangement with their employer.
- Self-employed individuals, overseas Filipino workers, and all other individual payors may pay their amortization at any Pag-IBIG Fund branches.
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