Upon calamity situation, the government may declare places under state of calamity. It is a very alarming situation so people should know what to do and the opportunities offered by the government such as the PAGIBIG Calamity loan.
1. How to apply in Pag Ibig Calamity Loan Online?
During the calamity, the accessibility of Pagibig branches near the places under state of calamity will be difficult. To avail this loan, the member may apply online via Virtual Pagibig official website
Step 1: Upload to the website the original duly accomplished loan application form and requirements. (CLAF, HQP-SLP-066)
Step 2: If your employer is enrolled under Virtual Pagibig for Employers, you may complete the calamity loan application form.
Step 3: Get your STL Acknowledgement Receipt (HQP-SLF-121)
Step 4: Get loan proceeds on the scheduled date
2. What are the calamities covered by PAGIBIG Calamity loan?
Natural disasters and hazards are covered by the PAGIBIG calamity loan stated below:
a. Landslide
b. Tornado
c. Storm surge
d. Typhoon
e. Volcanic Eruption
f. Earthquake
g. Tsunami
h. La Nina and El Nino
Man-made hazards are subjected to approval of the board of directors on whether the fund will open the program to such situation
3. Who is qualified to apply to PAGIBIG Calamity Loan
Pag-ibig Calamity Loan intends to assist members who are living in areas declared by the government in the state of calamity and affected by natural disasters. This loan is a big help to provide immediate financial assistance for their new start and recovery. These criteria should be considered:
a. Pag ibig member should have a least twenty-four (24) monthly contributions
b. An active member by having one (1) monthly membership with the last six (6) months
c. Must have proof of income
d. A resident of the area which is declared by the government in the state of calamity
e. The account must not be in default
f. If the place of work is declared under state of calamity, the loan application is subjected to the approval of management
4. What are the PAGIBIG Calamity loan requirements?
There are different additional requirements for each case but the general requirements are stated below:
a. Original accomplished calamity loan application form (CLAF, HQP-SLP-066)
b. Photocopy of acceptable valid ID
c. Sufficient proof of income
To know more about the requirements, visit this link
5. What is the maximum loanable amount of PAGIBIG Calamity Loan?
The more you save in your monthly contributions, employer’s contribution and accumulated dividends earned, the higher loanable amount you may apply. The member can borrow up to 80% of the grand total of three stated. Your desired amount will also be considered and capacity-to-pay based on the minimum requirement as prescribed by the General Appropriations Act (GAA)
Whichever is lower among the 80% of total savings, desired amount, and capacity-to-pay will be your loanable amount
6. What is the mode of payment for PAGIBIG Calamity Loan?
Pagibig members who avail of the calamity loan may pay their loan obligations via mode of payments stated below:
a. For employed, loan amortizations may pay through salary deductions arrangement.
b. For self-employed, monthly amortizations may pay through Virtual PAGIBIG, PAGIBIG branches near you, any accredited collecting partners, or online payment channels
7. When to avail the PAGIBIG Calamity loan?
Ninety (90) days from the declaration of a state of calamity by the Office of the President or the Sangguniang Bayan, qualified PAGIBIG members in areas affected may avail of calamity loan.
8. How long to pay the PAGIBIG Calamity Loan?
The first monthly amortization should be started three (3) months after the loan release and the member may choose long-term either two (2) years or three (3) years. But in case the borrower did not indicate the chosen term, the default shall be three (3) years.
9. How to get the release of Calamity Loan?
The releasing of loan proceeds may undergo via the following ways:
A. PAGIBIG Loyalty Card Plus
B. LANDBANK’s Payroll Credit System Validation (PACSVAL)
C. Check payable to borrower
Source: Pagibig Calamity Loan & Virtual Pagibig
