Guide on Pag-IBIG Fund Calamity Loan Requirements for Self-Employed Member-Borrowers
PAG-IBIG FUND CALAMITY LOAN REQUIREMENTS 2024 – For the self-employed members, here are the documents required for the loan application.
In the Philippines, there is a huge advantage if you are a member of the Pag-IBIG Fund with a good-standing account. Your membership to the Fund can be your safety net in different situations like in needing some finances for a residential property purchase, in times of short-term cash needs, and even during natural disasters.
In times of calamity…
There are several Pag-IBIG Fund loans that members with good-standing accounts may apply for. In times of calamities or when a natural disaster has left a member-borrower’s place of residence under a State of Calamity, he/she may turn to the Calamity Loan offer of the Fund.
The Pag-IBIG Fund Calamity Loan can greatly help in recovering from the impacts of a natural disaster. Truth be told that the natural calamities are among the most inevitable happenings and its impact can range from damages to structures to the loss of lives.
Who are qualified to apply for Pag-IBIG Calamity Loan offer?
In applying for the Calamity Loan offer of the Fund, there are both qualifications and documentary requirements that must be prepared and submitted to the Fund. Let us first tackle the eligibility requirements for application.
To be eligible to apply for the Pag-IBIG Fund Calamity Loan offer, a member-borrower must have at least 24 monthly savings and one of which must have been posted within six (6) months before the application for the loan.
The Calamity Loan offer of the Fund is open for both the locally-employed and self-employed members of the state entity. It has crafted different documentary requirements among the salaried and non-salaried individuals. In the case of the self-employed members, here are the documents that must be prepared and submitted to the Fund:
General Requirements:
- original copy of a duly-accomplished and signed Pag-IBIG Calamity Loan Application Form
- photocopy of a valid ID acceptable to the Fund
Proof of Income (submit any of the following):
- Certified True Copy of Transport Franchise issued by appropriate government agency (in original copy)
- notarized Affidavit of Income (HQP-SLF-136) (in original copy)
- Commission Vouchers reflecting the issuer’s name and contact details (in original copy)
- Income Tax Return (ITR), Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registrant and Mayor’s Permit/Business Permit (in photocopy)
- Certificate of Engagement issued by the owner of business (in original copy)
- Bank Statements or passbook for the last 12 months (in original copy)
With regards to the amount you may borrow under the Pag-IBIG Calamity Loan, the amount may actually vary based on whether or not you have an existing loan.