Pag-IBIG Fund Calamity Loan 2024 — Its Features & How Members May Apply

Guide on Pag-IBIG Fund Calamity Loan 2024 Offer for Members

PAG-IBIG FUND CALAMITY LOAN – The Fund members may apply for a loan to the government agency in times of natural disasters.

There is a huge advantage in maintaining active accounts to government agencies in the Philippines. It is one way to prepare for the unforeseen situations. For example, to prepare for natural calamities, an active membership may qualify you to a Calamity Loan that you can turn to.

Pag-IBIG Fund Calamity Loan 2024

In the Philippines, one of the state entities that offers a Calamity Loan is the Pag-IBIG Fund. The government agency which is in the service of the Filipino people for decades already has three (3) main loan offers for the members:

With regards to the Pag-IBIG Fund Calamity Loan offer, it is open to financially assist the qualified members in times of typhoons, La Niña, El Niño, volcanic eruption, tsunami, and other natural disasters.

The extent of the impact of natural calamities is something that can never be accurately predicted. Thus, what people can do is to prepare to mitigate the impact. Who are qualified to apply for the loan offer?

Here are the qualifications set under the Pag-IBIG Fund Calamity Loan 2024 application:

  • at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings
  • in active membership, by having at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application
  • existing Pag-IBIG Housing Loan, Multi-Purpose Loan and/or Calamity Loan accounts must not be in default if there is
  • gainfully employed or self-employed with proof of income

The amount that can be borrowed under the Pag-IBIG Fund Calamity Loan 2024 can be used in recovering from the impacts of the natural disaster. A qualified member may borrow up to 80% of his/her total Pag-IBIG Regular Savings which is inclusive of the following:

  • the member’s monthly contributions
  • the employer’s contributions
  • the accumulated dividends earned by the savings

Under the Pag-IBIG Fund Calamity Loan offer, the amount borrowed by the member is payable for up to 36 months. The application for the Calamity Loan must be filed within 90 days since the area was declared under a State of Calamity.

The Fund’s loan offer is open for both locally-employed and self-employed individuals as well as overseas Filipino workers (OFWs). Here is a guide on the documents that the government agency requires in applying for the loan offer:

  • Pag-IBIG Fund Calamity Loan Requirements for Self-Employed Members
  • Pag-IBIG Fund Calamity Loan Requirements for OFW Members

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