Pag-IBIG Fund has activated its Calamity Loan Program to assist members affected by Typhoon Crising, in compliance with President Ferdinand Marcos Jr.'s directive to provide swift aid to Filipinos in disaster-hit areas.

“We are ready to assist our members affected by Typhoon Crising through the Pag-IBIG Calamity Loan,” said Secretary Jose Ramon P. Aliling, head of the Department of Human Settlements and Urban Development and chairperson of the 11-member Pag-IBIG Fund Board of Trustees. “We continue to closely monitor developments and are prepared to provide immediate aid in areas that may be declared under a state of calamity in the coming days. This is part of our continuing effort in heeding the call of President Marcos to deliver timely relief and support to those in need.”

Under the Calamity Loan Program, qualified members may borrow up to 90% of their total Pag-IBIG Savings, which include their monthly contributions, employer counterparts, and accumulated dividends. The loan comes with an annual interest rate of 5.95%—the lowest among cash loans in the market—and is payable over three years. Borrowers also benefit from a three-month grace period before their first payment is due.

Loan applications may be submitted within 90 days from the declaration of a state of calamity in the applicant’s area.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta said Pag-IBIG branches have started coordinating with local government units for the deployment of Lingkod Pag-IBIG On-Wheels, the agency’s mobile branch service. The units will help facilitate the processing of Calamity Loan applications and insurance claims from housing loan borrowers whose properties were damaged by the typhoon.

“When calamities strike, we at Pag-IBIG understand that our members in affected areas need immediate financial assistance. For this reason, we make sure that all our services and benefits remain accessible to our members. Even while our offices and personnel in typhoon-hit areas have also been affected, our branches remain open and are ready to receive loan applications and housing loan insurance claims," Acosta said.

"We are also set to deploy our Lingkod Pag-IBIG On-Wheels to initially go around these areas once roads are accessible, to further bring our services closer to our members who are most in need. And, for members who have internet access, the Virtual Pag-IBIG is ready to accept their Calamity Loan applications online. During these trying times, our members can continue to count on Lingkod Pag-IBIG,” she added.