What Does Pag-IBIG Housing Loan Restructuring Offer Includes
PAG-IBIG HOUSING LOAN RESTRUCTURING – Here is a guide on the coverage of this restructuring offer of Pag-IBIG Fund for its members.
Many people are facing different sorts of financial challenges now amid the COVID-19 pandemic. A lot of Filipinos lost their job or got their income affected by the pandemic now and putting food on the table is not anymore as easy as before.
For those who are already financially struggling even before the pandemic started, things became heavier to handle. Amid the crisis, a lot of individuals face the challenge to put food on the table daily, to pay for the monthly bills, cope with existing loans, and a lot more all at once every month.
Meanwhile, the good news is that some government agencies extend assistance to their members amid the crisis now. One of these is Pag-IBIG Fund.
For members of Pag-IBIG Fund who have existing housing loans and have missed payments due to the crisis now, you may apply for Pag-IBIG Housing Loan Restructuring. The offer is anchored with the following benefits:
- a chance to lower the monthly amortization of your Pag-IBIG Housing Loan
- a chance to extend your loan term
- waive all penalties on unpaid monthly amortizations
- avail of other Pag-IBIG Fund’s benefits as a member in good standing
With regards to the coverage of Pag-IBIG Housing Loan Restructuring, the following are those that are covered under this offer:
- all arrearages
- foreclosure expenses, if any
- unpaid balances, & any other amount advanced by Pag-IBIG Fund
- applicable interests from the computation of restructured amount up to takeout date
There are considerations in the said offer including the number of the missed payments qualified for restructuring. To check if you may apply for it, you may visit – Pag-IBIG Special Housing Loan Restructuring 2 – Who Are Qualified To Apply.