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How to apply for Pag-IBIG Calamity Loan

In times of unforeseen calamity, the Pag-IBIG Fund Calamity loan program is here to help you get through. In order to qualify for this loan program, you must be:

  • an active member of the Pag-IBIG Fund
  • has made at least 24 monthly membership savings

As its name dictates, the Calamity loan program will only be available if the Office of the President or the Local Sanggunian declares a state of Calamity in the area where the Pag-IBIG Fund member is residing.

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Here are the requirements to avail of the Calamity Loan:

  1. Calamity Loan Application Form (must be completely filled out and originally signed by the employer)
  2. One Valid ID
  3. Payslip (one whole month)
  4. Cash Card or Loyalty Card Plus

Currently, the interest rate for calamity loan is the lowest among any other loans offered by the Fund which is only at 5.95% per annum.

Pag-IBIG calamity loan

A qualified member may borrower up to 80% of their total Regular Pag-IBIG savings. This consists of their monthly contributions (employee and employer share combined), and any accumulated dividends earned.

If a member has an existing multi-purpose loan and/or calamity loan, the amount of loan they will receive shall be the difference between 80% of their total Pag-IBIG Regular Savings and the outstanding balance of their loan/s.

What is the mode of payment for the loan?

The loan is payable in 24 months and comes with the initial payment due on the 3rd month after the loan release.

Formally employed members shall pay their amortization through salary deduction.

For self-employed individuals, overseas Filipino workers (OFWs), or other types of individual payors, monthly payments shall pay over-the-counter or through any other modes of payments approved by the Pag-IBIG Fund.

Have you experienced applying for a multi-purpose loan with Pag-IBIG fund? Share us your experiences through the comment section below.