Pag-IBIG to allow deferral, lower payments on housing loans under new program
Pag-IBIG Fund is offering a loan restructuring program to allow housing loan borrowers to defer their payments until March 2021 and to lower their monthly payments, top executives announced on Wednesday (Nov. 18).
Secretary Eduardo D. del Rosario, who serves as Chairman of the 11-member Pag-IBIG Fund Board of Trustees and head of the Department of Human Settlements and Urban Development, said that the agency is ready to grant home loan borrowers with lower monthly payments, up to six months of payment relief, and waived penalties on unpaid monthly amortizations under its Special Housing Loan Restructuring Program (SHLRP) to help them better cope with the economic challenges brought by the pandemic.
Pag-IBIG Calamity Loan ready for members affected by Typhoon Rolly
Top executives of Pag-IBIG Fund announced on Tuesday (November 03) that they are ready to help members affected by Typhoon Rolly.
“We are ready to help our members affected by Typhoon Rolly with our Calamity Loan Program... In fact, taken together with recent calamities, we have 226,170 affected members who are eligible to borrow a total of P4.4 billion in calamity loans. We have also begun establishing service desks in areas affected by Typhoon Rolly to bring our services closer to our members to help them apply for a loan. This is in line with the directive of President Rodrigo Roa Duterte to provide Filipinos with responsive social benefits especially during trying times,” said Secretary Eduardo D. del Rosario, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11- member Pag-IBIG Fund Board of Trustees.