Guide on Pag-IBIG Calamity Loan Online Application Process 2024
PAG-IBIG CALAMITY LOAN ONLINE APPLICATION 2024 – You can check the steps here in applying for the Calamity Loan offer via Virual Pag-IBIG.
In times of natural disasters like typhoon, landslide, earthquake, tsunami, storm surge, volcanic eruption, tornado, and phenomena of El Niño and La Niña, members of the Pag-IBIG Fund may turn to the government agency for its Calamity Loan offer.
The Calamity Loan offer was crafted by the government agency to make sure that its members have something to turn to in times when natural disasters struck their residence or place of work. Truth be told that the impact of a calamity can bring massive destruction and, worst, deaths.
The loanable amounts under the Pag-IBIG Calamity Loan 2024 offer vary. The offer is open for the Pag-IBIG members who meet the following qualifications:
- 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
The amount borrowed from the bank is subject to the Pag-IBIG Calamity Loan interest rate it has set. The loan is payable within three (3) years or 36 monthly installments but the member-borrower has the option to finish the loan in two (2) years or 24 monthly installments.
There is an easy process with regards to the Pag-IBIG Calamity Loan online application should you wish a convenient way of applying for the offer. It can save you money, time, and energy.
The Pag-IBIG Calamity Loan online application can be done through your Virtual Pag-IBIG account. Here are the steps in applying for the loan offer:
- Step 1 — Prepare the requirements for Pag-IBIG Calamity Loan 2024 application. Scan your documents as they have to be uploaded online.
- Step 2 — Log in to your Virtual Pag-IBIG account and click “Apply for and Manage Loans”. Tap the Calamity Loan.
- Step 3 — Upload your documentary requirements including your loan application form. Make sure that you submitted a complete set of requirements.
The loan processing may take a few days. Wait for an update or notification from the Pag-IBIG Fund regarding the loan offer.
