Pag-IBIG Calamity Loan Application: How to Apply? | guideph.com

PAGIBIG-CALAMITY-LOAN-APPLICATION

Pag-IBIG Calamity Loan - When calamity strikes, it does not just destroy the lives yet also the numerous buildings and also source of incomes of individuals. One might consider obtaining a lending because this might be the only option of other individuals to reconstruct and also come back on their feet.

Pag-IBIG Calamity Loan - The Pag-IBIG calamity funding assistance is among the programs of our government to assist its individuals in restoring their lives after a devastating calamity.

PAG-IBIG CALAMITY LOAN: DEFINITION

The Pag-IBIG Calamity Loan Assistance is a program of the government that intends to provide economic support to members being influenced in calamity-stricken locations such as tropical cyclone, quake, war, and also other unexpected cases (natural or manufactured tragedies)

WHO ARE QUALIFIED TO APPLY FOR THE PAG-IBIG CALAMITY LOAN?

Pag-ibig-Calamity-Loan-Qualified

Pag-IBIG Fund participants are qualified for the calamity funding as long as they satisfy the following credentials demands:

1. Pag- IBIG participant that has made at the very least twenty-four (24) month-to-month financial savings (MS);.

  • Has actually withdrawn his month-to-month financial savings because of subscription maturation, or who has optionally withdrawn his regular monthly savings, can not make use a calamity loan unless as well as up until after he has actually subsequently paid 24 monthly cost savings following the month of stated withdrawal.
  • Has not fulfilled the required 24 monthly cost savings may be allowed to avail of a catastrophe car loan if his overall financial savings goes to the very least comparable to 24 regular monthly financial savings, at the price suitable to him.

2. A participant that has actually made at least one (1) month-to-month savings for the last 6 (6) months since month before the date of finance application;.

3. If with existing Pag-IBIG Housing Funding, the account must not be in default on the date of application.

4. If with existing Multi-Purpose Financing (MPL) and/or Disaster Lending, the account/s should not remain in default on the date of application.

5. A participant that is a resident of the area which is declared calamity-stricken; and.

6. A participant should have adequate evidence of revenue.

HOW MUCH CAN YOU BORROW FROM THE PAG-IBIG CALAMITY LOAN PROGRAM?

Pag-ibig-Calamity-Loan-Borrow

The loanable amount will certainly be based upon the LOWEST of the following, according to the Pag-IBIG Fund:

1. Requested loan amount.

2. Loan entitlement - The funding privilege ought to amount 80% of the Complete Accumulated Value (TAV) or complete routine Pag-IBIG financial savings (Pag-IBIG MP2 payments are excluded), which include your regular monthly payments, your company's contributions, and the gathered rewards you have gained.

If you have an existing/outstanding catastrophe loan from Pag-IBIG, you will just obtain the difference between 80% of your total savings as well as the superior financing balance.

3. Capacity to pay - Your loanable amount will certainly be based upon how much you earn. Your net income has to not fall below the recommended minimum amount stated in the firm policy or the General Appropriation Act upon applying the deductions to pay for the loan.

WHAT ARE THE REQUIREMENTS FOR PAG-IBIG CALAMITY LOAN APPLICATION?

requirements

The calamity consumer have to send the list below demands to any Pag-IBIG branch workplace:.

  • Appropriately completed Pag-IBIG Tragedy Lending Application Form (you can obtain the application form at Pag-IBIG internet site and workplaces);
  • At the very least 2 legitimate IDs (photocopy)
  • Proof of revenue.
  • Properly achieved Declaration of that you are influenced by Calamity.
  • Copy of the pay-roll account, disbursement card, or deposit slip (for a newly-opened account). Pag-IBIG Fund releases the lending continues with the Loyalty Card Plus, Landbank, DBP Money Card.

HOW TO FILE PAG-IBIG TRAGEDY CALAMITY LOAN?

FILE

You can file for the Pag-IBIG Calamity loan in 2 means; Walk-In and also Online Application.

PAG-IBIG CALAMITY LOAN WALK-IN APPLICATION

After your place of residence or job has actually been put under the State of Disaster, you can make an application for a catastrophe car loan at any type of Pag-IBIG workplace within 90 days provided that Pag-IBIG workplaces stay open and also a nationwide lockdown hasn't been executed.

Here's how you can declare disaster financing through walk-in application:

  1. Download as well as completed the kinds needed for the catastrophe car loan application (see the checklist of needs in the previous area)
  2. Send the duly-accomplished forms together with the other documentary demands to any kind of Pag-IBIG Fund branch/office.
  3. Wait for your application to be processed. You will obtain a message notification telling you that you can declare the lending proceeds with your pay-roll account/disbursement card as soon as authorized.

PAG-IBIG CALAMITY LOAN ONLINE APPLICATION

Members are urged to submit their lending applications online in instances when all Pag-IBIG offices are required to close temporarily due to a catastrophe.

The Pag-IBIG Fund deploys skeletal teams/staff to procedure applications throughout critical periods similar to this even though Pag-IBIG branches are briefly shut.

Here's how you can apply for catastrophe financing with on the internet application:

Requirements:

  • Duly-accomplished Pag-IBIG Calamity Loan Application. You can download and install the form, print it, fill out all the required details, authorize it, and then scan/take an image of it together with the other needed files provided here.
  • Duly-accomplished Company Verification of Short-Term Loan (STL) Application that bears your name. You can request your accredited business rep or Fund Coordinator to download as well as submit this form;
  • 1 legitimate ID.
  • Member's Commitment Card Plus, or LandBank, UCPB, or DBP money card (front as well as back images). If this is your first time to borrow as well as you have none of the discussed cards, you'll be advised by the Pag-IBIG Fund on exactly how you'll obtain the finance profits.

STEPS IN APPLYING FOR CALAMITY CAR LOAN ASSISTANCE:

  1. Accomplish the Multi-Purpose Loan (MPL) or Calamity Funding Application Form which you can download at https://www.pagibigfund.gov.ph/document/pdf/dlforms/providentrelated/SLF066_CalamityLoanApplicationForm_V05_fillable_final.pdf
  2. Direct your employer or business signatory to sign the Application Agreement.
  3. Scan or take a photo of the following:

  • Completed loan application.
  • One (1) legitimate ID (i.e., passport)
  • Commitment Card And Also or Landbank or DBP Money card (Front and also back photos)

     4. Send out a scanned duplicate or image of your application and also the other docudrama needs to           the designated email address appointed for your company's office address.

  • Consumers or participants will certainly get a sms message that will certainly confirm the lending authorization as well as crediting in the Commitment Card And Also, Landbank, or DBP Cash card.
  • Customers or participants will be advised on how to ideal receive their loan proceeds if you don't have a Commitment Card And Also or Landbank or DBP Cash card.

DURATION OF THE PROCESSING PERIOD OF THE PAG-IBIG CALAMITY LOAN APPLICATION

Upon submission of the needs, it will generally take less than 2 days for the application to be refined as well as the loan proceeds to be released. Hold-ups are expected when a calamity influences the whole nation. The fund has a minimal labor force to take care of the deluge of car loan applications.

HOW TO CLAIM OR RECEIVE THE PAG-IBIG CALAMITY LOAN?

You will receive the cash or finance proceeds, after the approval of your loan application with any of the following:

  • Disbursement card (i.e., Pag-IBIG Commitment Card And Also);
  • Via bank accounts like the LandBank's Payroll Credit scores Equipment Validation (PACSVAL);
  • Through Inspect (checks that are unclaimed for thirty day from the DV/Check date will trigger the car loan to be terminated);
  • Other acceptable settings to be announced by the Pag-IBIG Fund.

The Pag-IBIG calamity loan is a wonderful assistance for those people that rebuild their lives after a devastating catastrophe. Luckily, the federal government has this type of programs to sustain the Filipino people.

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