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Closed How to Apply for a Pag-IBIG Calamity Loan

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If your LGU or the national government ever declare your area to be under a state of calamity, you can trust that you can get financial help through the Pag-IBIG Calamity Loan. Here’s all you need to know:



WHO CAN APPLY FOR A PAG-IBIG CALAMITY LOAN?
To qualify for a Pag-IBIG Calamity Loan:

  • Live in an area declared to be under a state of calamity
  • You must be an active Pag-IBIG member with at least 24 monthly contributions
  • Have ρáíd at least five monthly contributions in the last six months before your loan application date (Related: You do not have permission to view the full content of this post. Log in or register now.)
*Take note that a Pag-IBIG member with an existing housing or multi-purpose loan may still apply for a calamity loan as long as the existing loan is not in default.

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HOW MUCH CAN I BORROW?
If you qualify, you can borrow up to 80% of your Total Accumulated Value (TAV) which consists of your and your employer’s (if any) monthly contributions and accumulated dividends earned.

If you have an outstanding Pag-IBIG loan on the time of application, the amount of Calamity Loan you will receive will be the difference between the 80% of your TAV and the outstanding balance of your earlier loan.

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What is the interest rate of a Pag-IBIG Calamity Loan?

It’s 5.95% per annum, one of the lowest rates in the market.



What are the Pag-IBIG Calamity Loan Requirements?

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  • Proof of income (Payslip, certificate of employment with compensation, income tax return, etc.)
  • Photocopy of at least two valid IDs
 
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