Guide on Pag-IBIG Calamity Loan Interest Rate per Annum
PAG-IBIG CALAMITY LOAN INTEREST – Here is a guide on the interest rate to be implemented by Pag-IBIG Fund under its loan offer.
Many families were greatly affected by Typhoon Odette. The said typhoon left several areas in the country devastated – houses were damaged, farming businesses were destroyed, and several severely negative impacts of the calamity.
The forecasts prompted massive preparations before Typhoon Odette entered the Philippine Area of Responsibility (PAR). It is the strongest typhoon that hit the country this 2021. Prior to its entry into the country, some residents in flood-prone areas were evacuated.
However, Typhoon Odette has its own strength. It left marks – many families were left homeless after the strong winds, heavy rains, and falling trees during the onslaught of the calamity destroyed houses.
Public and private entities are on the move to help the victims of the typhoon. One of these is Pag-IBIG Fund which is offering a calamity loan for its members. It allotted P5 billion for its calamity loan offers to its members.
Do you want to know how much you may borrow under its loan offer? You may visit – Pag-IBIG Calamity Loan: How Much a Typhoon Odette Victim May Borrow.
With regards to the Pag-IBIG Calamity Loan interest rate, it is at 5.95% per annum. It is the lowest interest rate in the market. According to the government agency, the loan is payable for up to three (3) years. There is a grace period of two (2) months so the first or initial payment is due on the third month after the release of the loan proceeds.
Furthermore, with regards to availing of the said loan offer, the application must be done within 90 days from the date when the area was declared under a state of calamity. For the application form, you may visit – Pag-IBIG Calamity Loan Application Form.
