Guide in Pag-IBIG Calamity Loan 2024 Application Process
PAG-IBIG CALAMITY LOAN 2024 – Here is a guide on how to apply for the offer of the Pag-IBIG Fund and the requirements in applying for the loan.
One of the most beneficial and wisest moves is to maintain updated memberships to government agencies. One of them is the Pag-IBIG Fund which has millions of members from across the nation. There are even overseas Filipino workers (OFWs) who maintain an active membership to the Fund.
Most employment fields mandate a Pag-IBIG membership. It widens the resources of the members as they have loan offers that they can turn to. One of the loans offered by the Fund is the Calamity Loan.
Under the Pag-IBIG Calamity Loan, the members may seek financial solution that can aid them in their recovery when any of the following natural disasters hit their place of residence or work:
- Typhoon
- Landslide
- Earthquake
- Tsunami
- Storm Sruge
- Volcanic Eruption
- Tornado
- El Niño and La Niña phenomena
How much you may get under the Fund’s loan offer? The loanable amounts under the Pag-IBIG Calamity Loan 2024 offer actually varies. Meanwhile, the government agency has set a maximum limit.
The loan is payable for up to 36 monthly installments or three (3) years. It is subject to the Pag-IBIG Calamity Loan interest rate. Here are the steps in applying for the Pag-IBIG Calamity Loan 2024 offer:
Step 1 — Check your qualification to the loan offer:
- a minimum of 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
- has proof of income
- If with an existing Pag-IBIG Housing Loan, Multi-Purpose Loan and/or Calamity Loan, the account/s must not be in default
Step 2 — Prepare the requirements for the Pag-IBIG Calamity Loan 2024 application process.
Step 3 — Submit the documents required at a branch of the Pag-IBIG Fund nearest to you. The application must be made within 90 working days since the declaration of the State of Calamity.
