Guide on Pag-IBIG Fund Housing Loan Restructuring Program
PAG-IBIG FUND HOUSING LOAN – Clients of this offer of Pag-IBIG Fund may defer the payments until March 2021.
Pag-IBIG Fund is mainly known for its loan offer to its members who are in need of assistance to obtain affordable options on buying or building a residential property. It is a state-run institution wherein members make a monthly contribution.
Accumulated contribution to Pag-IBIG Fund may qualify a member to its offers. There are several Pag-IBIG Fund loans that members may avail throughout their membership.
Also, Pag-IBIG is one with the other state-run institutions and even private firms in easing the burden of its members amid the COVID-19 pandemic. Truths be told that a lot of people are financially struggling now.
Many businesses closed amid the pandemic as firms were not able to cope with the demands of month-long closures. Many firms only incurred expenses with no income despite their operation. Their closure led to many people losing their jobs.
To ease the burden of people who have existing Pag-IBIG Fund Housing Loan, the state-run institution is offering a restructuring program for the clients. According to the agency, qualified clients may defer their payments until March 2021. Also, they can grab the option of getting lower monthly installments.
According to Pag-IBIG Fund Secretary Eduardo D. del Rosario, qualified clients may avail “lower monthly payments, up to six months of payment relief, and waived penalties on unpaid monthly amortizations”
Do you want to check on the qualifications set under this program? Feel free to visit – Restructure Pag-IBIG Housing Loan – Who Are Qualified To Apply for It.
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