Guide on Requirement for Pag-IBIG Calamity Loan Application
REQUIREMENT FOR PAG-IBIG CALAMITY LOAN – Here are the lists of qualifications in applying and the documents needed.
If you are a member of different government agencies, you have options to turn to in times of financial emergency. For example, if a calamity like a typhoon or an earthquake struck your place, you can turn to Pag-IBIG Fund. It is one of the state-run agencies that offer calamity loans.
Pag-IBIG Fund is mainly known for its housing loan offers but it has widened it services reaching even calamity loan and multi-purpose loan offers. A lot of families were able to acquire their own house through the assistance of the government agency.
In times of calamities, you may apply for the Pag-IBIG Calamity Loan. What is the requirement for Pag-IBIG Calamity Loan?
There are qualifications in applying for the Pag-IBIG Calamity Loan offer with regards to your account. To be eligible to apply for the offer, the member-applicant must:
- have paid at least twenty-four (24) monthly membership contributions or savings
- be an active member with at least one (1) monthly membership saving within the last six (6) months prior to the date of the loan application
- If with an existing loan to Pag-IBIG Fund, the loan account must not be in default
Other requirement for Pag-IBIG Calamity Loan application? You must submit the following:
- duly-accomplished Pag-IBIG Calamity Loan Form for application
- proof of income
How much you may borrow under this loan offer? According to Pag-IBIG Fund, you may borrow up to 80% of your total savings which includes not only your monthly contributions but as well as your employer’s contributions. For example, if your total Pag-IBIG Fund savings is P100,000.00, you may borrow up to P80,000.00.
You might also want to check on the multi-purpose loan offer of the government agency. Feel free to visit – Pag-IBIG Multi-Purpose Loan Requirements for Application.
