Guide on the Pag-IBIG Calamity Loan Offer Loanable Amount
PAG-IBIG CALAMITY LOAN – Here is a guide on how much you may borrow under this loan offer of the Pag-IBIG Fund.
Members of the Pag-IBIG Fund may turn to the government agency in times of calamities and pandemic. The state-run institution crafted a loan offer that could assist their members when their place is struck by a natural disaster to help mitigate the impacts of the event.
How much you may borrow under the Pag-IBIG Calamity Loan offer? Under this offer, you may borrow an equivalent of up to 80% of the total monthly contributions you’ve posted.
To be eligible to apply for the loan offer, the borrower-applicant must be:
- have posted at least twenty-four (24) monthly savings
- have posted at least one (1) monthly savings within six (6) months prior to the application
- be a resident of the area declared as calamity area
- have sufficient proof of income
Aside from the eligibility requirements or qualifications, there are specific documents that you must prepare and submit to Pag-IBIG Fund in applying for the loan offer. To check on the documentary requirements, you may visit –
Requirements for Pag-IBIG Calamity Loan You Must Prepare in Applying.
To apply for the Pag-IBIG Fund loan offer, submit the documents to a branch of the government agency nearest to you. The loan processing may take a few working days. The government agency notifies the member-borrowers with the result of the loan application through a text message or email.
Aside from the said loan offer, the government agency also offers a cash loan that you can turn to for short-term financial needs. You may visit – Apply Pag-IBIG Multi-Purpose Loan: Step-by-Step Guide on Application Process
READ ALSO: Pag-IBIG Housing Loan: Here’s How Much You May Borrow under it
