Guide on Pag-IBIG Calamity Loan Interest Rate For Those Who Wanted to Apply
PAG-IBIG CALAMITY LOAN INTERES – Here is a guide on the interest rate implemented under the calamity loan offer of Pag-IBIG Fund.
In the Philippines, there are several government agencies that offer assistance to the public or to its members. One of these government institutions is the Pag-IBIG Fund.
Also known as Home Development Mutual Fund (HDMF), the Pag-IBIG Fund is mainly known for its housing loans. It aims to help its member attain affordable housing through loan offers.
Currently, Pag-IBIG Fund is not only offering housing loans but several other loan offers. One of them is the offer that aims to assist people in times of financial emergency due to natural occurences.
The Pag-IBIG Calamity Loan aims to help members who areas were stricken by a calamity like flood and earthquakes. To be eligible to apply for it, the member-applicant must be:
- an active member of Pag-IBIG Fund
- living in an area declared by the Office of the President or the Local Sanggunian under state of calamity
- having an account with at least 24 monthly membership savings
- having a sufficient proof of income
Do you want to know how much you can borrow under this Pag-IBIG Fund offer? You may visit – PAG-IBIG CALAMITY LOAN – How Much You May Borrow Under It.
With regards to the Pag-IBIG Calamity Loan interest rate, it is at 5.95 percent per annum. The loan can be paid through a salary deduction for employed borrowers or through Pag-IBIG Fund branches for self-employed ones.