How to Apply for Pag-IBIG Calamity Loans and Multi-Purpose Loans Online

In the midst of the unique coronavirus outbreak, there is some good news: you may now quickly apply for a Pag-IBIG loan online from the comfort of your own home. To help members affected by the crisis, the home finance agency decided to simplify the Multi-Purpose Loan (MPL) and Calamity Loan (CL) application process, reducing it to three simple steps.

Steps to Apply for Pag-IBIG Loan Online

  1. Fill out the forms on the website with the essential information. Then, fill it out using Adobe Acrobat Reader. Those with access to printers can sign the form physically and then scan it for signatures. Those without a printer can leave the completed application alone.

1. For Multi-Purpose Loan 

2. For Calamity Loan

     2. Save the completed form as a PDF.

     3. Send the form, along with one valid ID, to Pag-IBIG or your company’s representative in charge of Pag-IBIG loan applications.

     4. Send us a copy of your Loyalty Card Plus, Landbank, UCPB, or DBP cash card, including the front and back.

Suppose you are legitimately employed and want to apply for a Pag-IBIG loan online. In that case, your company representative will email the loan application form and prerequisites to Pag-IBIG, along with the Employer Confirmation of STL Application. The national agency has dedicated email addresses for applications from all throughout the country.

Who Can Apply for Pag-IBIG Loan Online?

Take notice that there are eligibility requirements for loan applicants. To be eligible for the CL, you must:

  • Live in a region labeled a disaster by the President’s Office or the concerned Sanggunian.
  • You must have at least 24 months of membership savings and adequate evidence of income.
  • Payments on outstanding Pag-IBIG loans have been adjusted.

You simply need to meet the last two requirements for the MPL.

What is the Maximum Loan Amount for Pag-IBIG?

Borrowers who apply for a Pag-IBIG loan online, in both MPL and CL programs, can get up to 80% of their total Pag-IBIG regular savings. This comprises monthly contributions, employer contributions, and dividends generated over time. If you have an existing debt on a previous loan, you will be allowed to borrow the difference between that balance and your total savings of 80 percent. Finally, if you were able to save more on your account, you will receive a larger loan amount.

It’s worth noting that the loans available to you have low interest rates. According to the national agency’s website, MPL is 10.5 percent each year, whereas CL is 5.95 percent per year.

The loans have a deferred first payment and are due in 24 months. If you are formally employed, you will be paid through a salary deduction arrangement with your employer. Accounts can be settled at Pag-IBIG Fund branches if you are self-employed or working abroad.

If you have already borrowed money from the Pag-IBIG Fund, you can still take advantage of a renewal when the need arises. When can you renew your Pag-IBIG Salary Loan?

After paying at least six (6) monthly amortizations on your existing loan, you may be eligible for a Pag-IBIG Salary Loan renewal. In addition, your current loan may be applied to your new loan.

What is the Processing Period for Applications Done Online?

According to a GMA News Online report, Pag-IBIG intends to process applications within three to seven business days. Previously, the agency would release catastrophe loan money within two days of receiving the application. However, due to the public health issue, document review takes longer.

Eligibility for Moratorium on Pag-IBIG Loans

If you already have a Multi-Purpose Loan (MPL) or a Calamity Loan (CL), take note that Pag-IBIG has provided a three-month moratorium on payments due from March 16 to June 15, 2020. Those in Luzon and the National Capital Region can apply for the payment cut at the time of the Facebook announcement. The moratorium aims to relieve members’ burdens and allow them to focus on their families’ fundamental needs and safety.

Pag-IBIG Fund said in March 2020 that it is giving a three-month moratorium to its member-borrowers to help offset their expenses during the peak of the COVID-19 outbreak. The government instituted the enhanced community quarantine (ECQ) at the time to deal with the escalating number of coronavirus cases.

Who is eligible to apply for the Pag-IBIG moratorium?

Borrowers having Pag-IBIG Fund Multi-Purpose Loan, Housing Loan, or Calamity Loan installments due on March 16, 2020 to June 15, 2020 are eligible to petition for the moratorium.

You have until June 15, 2020 to submit your application to the nearest Pag-IBIG Fund outlet. When the enhanced community quarantine is lifted, the national agency will begin accepting applications.

Aside from the online application of multi-purpose and disaster loan funding, Pag-IBIG also provides virtual services through their official website. You may manage your loans, examine your accounts, and pay online using Paymaya, Visa, or Mastercard. You can also contact 8PagIBIG (8-7244244) or email [email protected] for more information on their loan options. 

With the availability of government services online, experts advise staying at home. Contribute to flattening the curve and preventing the spread of the new coronavirus. Utilize the technology at your disposal to perform as much as possible from home.

Source: Pag-IBIG Facebook page and website, GMA News Online


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