Guide on Pag-IBIG Calamity Loan Amount for Member Borrowing in Times of Natural Disasters
PAG-IBIG FUND CALAMITY LOAN AMOUNT 2025 – Are you wondering how much you may borrow under the offer of the state entity?
Living in the Philippines which is one of the countries that are prone to natural disasters, one of the wise moves that you can make is to make sure that you have entities to turn to for calamity loans in case something inevitable happens.
There are state entities in the country that offer calamity loans and they have low membership fees. One of them is the Pag-IBIG Fund which is undeniably most popular for its Pag-IBIG Housing Loan offer that has helped countless Filipinos acquire a home.
One of the edge of the Pag-IBIG Fund is that its membership is not limited. Unlike the Government Service Insurance System (GSIS) that is for government employees and the Social Security System (SSS) which is for the employees of the private sector, the self-employed individuals, and the others who may not qualify to the GSIS, the Pag-IBIG Fund is open for both salaried and non-salaried individuals and regardless whether you are an employee of the government or the private sector.
With regards to the loan offers of the state entity, one of them is the Pag-IBIG Fund Calamity Loan. It is open for qualified members who are residing in areas struck by a calamity like any of the following:
- Typhoon
- Earthquake
- Storm surge
- Volcanic eruption
- Landslide
- Tornado
- El Niño and La Niña phenomena
- Tsunami
The Philippines is one of the nations across the globe that is prone to natural calamities. Every year, there are several storms that hit the country. Earthquakes are also recorded in the different areas across the country daily.
While a calamity is unwanted, it is undeniably inevitable and may not exempt anyone. Thus, it is important to know the details of the Pag-IBIG Fund Calamity Loan offer. How much you may borrow under the offer?
With regards to the Pag-IBIG Fund Calamity Loan amount allowed for borrowing, according to the state entity, a qualified member may borrow up to an equivalent of “80% of their total Pag-IBIG Regular Savings, which consist of their monthly contributions, their employer’s contributions, and accumulated dividends earned” of a member-borrower.
Just in case you have an existing Multi-Purpose Loan and/or Calamity Loan, according to the state entity, the balance will be deducted from the loan proceeds of your new loan. Considering where the loanable amount is based, it is really an edge to maintain an active membership to the Fund by regularly posting monthly contributions.
With regards to the interest rate under the Pag-IBIG Fund Calamity Loan offer, 5.95 percent interest rate per annum may be implemented by the state entity but changes may apply. The borrowed amount is payable for up to 36 monthly installments or within three (3) years.
Who are qualified to apply for the Calamity Loan offer of the Fund? Here are the qualifications for application:
- at least 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
- resident of an area declared by the Office of the President or the Local Sangguniang under a State of Calamity
- has sufficient proof of income
Aside from the eligibility requirements, there are some documentary requirements required by the Fund for the Calamity Loan application. The documents required by the state entity depends if you are locally-employed, self-employed, or an OFW. Here is a guide: