Guide on Pag-IBIG Special Housing Loan Restructuring 2 Qualifications
PAG-IBIG SPECIAL HOUSING LOAN – Here are the qualifications in applying for the home loan restructuring offer of Pag-IBIG Fund.
The COVID-19 pandemic has affected a lot of households in the Philippines. Many people lost their jobs amid the crisis as several businesses had to temporarily or permanently close due to the impacts of the situation now. Unfortunately, many of those who lost their jobs are breadwinners of their families.
‘Many people now struggle to put food on the table – and even more to meet the bills. Many Filipinos have bills to pay every month and these include the utility bills, the tuition fee and school expenses of the kids, the monthly amortization or rental fee of the house, etc.
In some cases, they have an existing home loan to Pag-IBIG Fund and have not paid for the monthly amortization for a few months now.
Pag-IBIG Fund is mainly known for its offers that are related to residential property acquisition. It can assist you in getting and house and lot and paying for it in low monthly installments under low loan interest.
Amid the pandemic now, it is inevitable for some home loan borrowers to miss a payment or two (2) to the government agency. Meanwhile, there is a Pag-IBIG Special Housing Loan Restructuring 2 offer for those who are worried that they may lose their residential properties.
You may apply for it to lower your monthly amortization, extend your loan term, waive the penalties of the unpaid monthly amortization, and avail of the other benefits of Pag-IBIG Fund. Who are qualified to apply for Pag-IBIG Special Home Loan Restructuring 2 program? The offer is open for member-borrowers who:
- have missed payments for more than three (3) months
- are active members, with at least one (1) membership savings paid within the last six (6) months prior to the date of application
- have accounts that are not foreclosed or cancelled
To apply for it, you may visit the official website of Pag-IBIG Fund or the Virtual Pag-IBIG.
You may also visit: Pag-IBIG Affordable Housing Loan: The Monthly Payment Can Be As Low As This
How to apply restracturing program
Paano po mag apply ng restruction ng bahay
non payment of monthly amortization., đue to COVID -19 pandemic and some family problem arises.
I will apply for SRL2 or Restructuring my Housing Loan with account number 316304907611 with monthly amort of P3,367.86.