The Pag-IBIG Fund Calamity Loan Program seeks to provide immediate financial aid to affected members in calamity-stricken areas
You must be an actively contributing member residing in an area declared by the Office of the President or the Local Sanggunian under a state of calamity, with at least twenty-four (24) monthly membership savings (MS) and sufficient proof of income to qualify. If you have If an existing Pag-IBIG Fund Housing Loan, MPL and/or Calamity Loan, your payments must be updated for you to qualify.
Qualified members may borrow up to 80% of their total Pag-IBIG Regular Savings, which consist of their monthly contributions, their employer’s contributions, and accumulated dividends earned. If you have an outstanding Multi-Purpose and/or Calamity Loan, the amount of loan you will receive shall be the difference between the 80% of your total Pag-IBIG Regular Savings and the outstanding balance of your loan/s.
The Calamity Loan carries the lowest interest rate in the market of 5.95 5 percent per annum.
The loan is payable within 24 months and comes with the initial payment due on the 3rd month after the loan release.
Formally-employed members shall pay their loan amortization through a salary deduction arrangement with their employer.
Self-employed individuals, Overseas Filipino Workers (OFWs), and all other individual payors may their amortization at any of our Pag-IBIG Fund branches.
Eligible borrowers must avail of the Calamity Loan within a period of 90 days from the declaration of a state of calamity.
For details, please refer to this program’s circular found on our Circulars Page