Pag-IBIG Zambo Branch grants calamity loan PDF Print E-mail
Saturday, 28 October 2017 16:03

By Jemuel Mojica

Good news for all Pag-IBIG Fund members here in the city.

The Pag-IBIG Zamboanga City Branch has announced that the office is ready to receive applications for calamity loan from qualified members as it bared that at least some 1000 plus members have already availed calamity loan here in Zamboanga City.

It disclosed that most of the applicants are availing the calamity loan for the purpose of repair and rehabilitation of their house which were greatly affected by the flash floods and storm surged that hit several barangays in the city last week due to heavy downpour brought about by inclement weather.

“As of today, we already registered more than 1000 calamity loan applicants. And we expect that the number of calamity loan applicants will further increase in the coming days,” Norminie Alhabsi, supervisor for Pag-ibig Membership Services II, told Zamboanga Today in an interview yesterday.

She disclosed that most of the applicants are filing the loans because they need money for the repair of their house affected by the flash floods last week.

Qualified applicant who can avails the calamity loan should be a Pag-IBIG member who has made at least 24 monthly savings, has made at least five monthly savings in the last 6 months and resides in an area under State of Calamity.

Zamboanga City has been declared under the State of Calamity last October 19, by the City Council upon the recommendation of the City Disaster Risk Reduction Management Council (CDRRMC) chaired by Mayor Beng Climaco.

Meanwhile, borrower must submit the following requirements to the Pag-IBIG Zamboanga City office: Calamity Loan Application Form, photocopy of at least 2 valid IDs, proof of income, and declaration of Being Affected by Calamity (for formally employed members)

These documents are available at www.pagibigfund.gov.ph and Pag-IBIG offices]

Loans may be filed within 90 days from the declaration of State of Calamity.

Members can borrow up to 80% of their Total Accumulated Value (TAV) subject to the terms and conditions of the program. Calamity Loan Interest rate is 5.95% per annum. The loan is amortized over 24 months, with a grace period of 3 months. Paying period begins on the 4th month following their check date.—Jemuel E. Mojica