Guide on Pag-IBIG Calamity Cash Loan Qualifications in Applying
PAG-IBIG CALAMITY CASH LOAN – Here is a guide on who are qualified to apply for the calamity loan offer of Pag-IBIG Fund.
In the Philippines, one of the biggest government agencies is Pag-IBIG Fund. It is mainly known as a public agency that offers services to help its members acquire affordable residential properties through loans. The membership is open for both employed and self-employed individuals.
Members of the Pag-IBIG Fund pay a monthly contribution to the government agency or it is tagged as monthly savings. Accumulated contributions can qualify a member for the loans offered by the agency. While it is mainly known for its housing loan offers, it now has multiple loan offers.
One of the loans offered by the government agency is the Pag-IBIG Calamity Cash Loan. It aims to help members of the government agency who are struck calamities or natural events such as flood, earthquake, and tsunami.
The said Pag-IBIG loan offer aims to provide “immediate financial aid” to the victims of calamities in areas declared by the Office of the President or the Sangguniang Bayan under a State of Calamity.
Who are qualified to apply for the Pag-IBIG Calamity Cash Loan offer? The government agency has set a few eligibility requirements in applying for the said loan offer. To check if you are qualified to apply for the offer, the following are the qualifications in applying:
- at least twenty-four (24) monthly membership savings under the Pag-IBIG Regular Savings
- active membership with at least one (1) monthly membership savings within the last six (6) months prior to the date of loan application
- proof of income
According to Pag-IBIG Fund, if you want to apply for the calamity loan but you have an existing Housing Loan, Multi-Purpose Loan, or Calamity Loan to the government agency, your existing account must not be in default. To apply for the offer, you may visit the branch of Pag-IBIG Fund nearest to you.
You may also visit – Pag-IBIG Fund Housing Loan: How To Apply for this Loan Offer Online
