Guide on Pag-IBIG Home Loan Restructuring Program Coverage
PAG-IBIG HOME LOAN RESTRUCTURING PROGRAM – Here is a list of the offers under this Pag-IBIG Fund program.
One of the government agencies mainly known for its housing loan offers is Pag-IBIG Fund. It aims to help its members achieve affordable housing options.
A huge part of the populace is a member of the said government agency. In fact, many Filipino families achieved a comfortable residential property with the help of the said state-run institution.
However, amid the COVID-19 pandemic, many people are surely struggling to make ends meet. A lot of individuals also lost their jobs as many businesses closed after incurring only expenses with no income for several months.
Some of these people who lost their job amid the COVID-19 crisis do not only struggle on putting food on the table daily. Some of them have existing loans to pay monthly.
To help ease the burden of their member-borrowers, Pag-IBIG Fund is offering a Home Loan Restructuring Program. It is in support of the efforts of the Duterte Administration “in helping Filipino” amid the crisis, Secretary Eduardo del Rosario said.
There are several options under the Pag-IBIG Home Loan Restructuring Program. Here is a list of the offers under it:
- lower monthly payments through:
- loan extension
- spreading the settlement of unpaid dues
- waive penalties on arrears
- resumption of payment under restructured loans by as late as March 2021
To apply for the said loan offer, you can do it through the Virtual Pag-IBIG. You may visit – www.pagibigfund.gov.ph.
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