PAG-IBIG FUND

1. Who are eligible?
The program is open to Pag-IBIG housing loan borrowers, whose places of business/work, or whose properties mortgaged with
the Fund, are located in areas placed under a state of calamity.
2. What are the eligibility requirements?
• The borrower’s housing loan account must be updated as of the month prior to the declaration of a state of calamity.
• A member-borrower shall not exceed the age of seventy (70) at the end of the loan term inclusive of the extended
 period.
• Said borrower is adversely affected by the calamity, or its after effects such that:
 - The housing unit for which the loan was procured is damaged; or
 - His source of income has been impaired.
3. How long is the loan moratorium?
Qualified borrowers shall be granted a three-month moratorium on housing loan amortization payments based on the
following:
• If the borrower has paid his amortizations before filing his application for the program, the moratorium period shall
 start on the nearest due date following the approval of his application; or
• In case the borrower has not yet paid his amortizations upon filing his application for the program which is still within
 the availment period, the moratorium period shall be reckoned from the nearest due date after the date of last payment
 made.
4. Is the housing loan account saved from incurring penalties during the moratorium period?
Yes. Housing loan payments shall be suspended during the moratorium period at no additional cost to the borrower. Thus, no
penalty or additional interest shall be charged during the moratorium period.
Payment of housing loan amortization shall resume on the month following the last month of the borrower’s moratorium
period.
5. What are the documentary requirements?
• Accomplish two (2) copies of Application for Moratorium on Housing Loan Amortization Payments (AMHLA)
• 2 valid IDs
• Employer/Barangay Certification
 Note: The Employer/Barangay Certification is incorporated in the application form to be signed by the Head of Office
 or authorized representative or Head of Barangay, whichever is applicable.
• Photo of damaged property/affected source of income
6. Where can the borrower file his application?
Applications for availment of the housing loan moratorium program can be filed with any Pag-IBIG Fund branch within ninety (90)
days from declaration of a state of calamity.
7. What will happen to the 3 months when loan payments were suspended?
The borrower’s loan term shall be extended equivalent to the moratorium period (3 months) but the housing loan
amortization, interest rate and other terms of the loan shall remain the same.
8. Can a member-borrower still avail of other Pag-IBIG benefits during the moratorium period?
Yes. The member-borrower can still avail of other Pag-IBIG benefits, MPL or Calamity Loan.
9. Does the moratorium include insurance payments?
No. The member-borrower shall be required to pay the premiums for the Mortgage Redemption Insurance (MRI) and Fire and
Allied Perils Insurance upon application for the moratorium. The premium payments shall be equivalent to the 3-month
moratorium period.
C

Comments

Post a Comment

Popular posts from this blog

PCG: China’s bullying in West Philippine Sea undermines international law --- Ghio Ong - The Philippine Star

MANILA, Philippines — Letting China sustain its aggression in the West Philippine Sea would make other countries doubt the strength of international law currently being asserted by the Philippines, Commodore Jay Tarriela of the Philippine Coast Guard (PCG) said. “Allowing China to blatantly disregard the established rules-based order threatens the very foundation that we all depend on,” he wrote in a post on X last Tuesday. He added, “If we permit this, countries worldwide may forget why this order was created in the first place. Nations could begin to doubt the significance of adhering to international law if powerful bullies can easily violate it.” Tarriela also said defiance of other countries to a rules-based order would result in the prevalence of cruelty. He wrote, “This could lead us back to a time when might makes right, undermining the global structures that keep human greed, savagery and barbarism in check. Such a scenario would not only invite challenges from aggressive ...
Read more

China ships maintain presence in key West Philippine Sea areas --- Michael Punongbayan - The Philippine Star

STAR / Michael Varcas MANILA, Philippines — While Chinese vessels in the West Philippine Sea (WPS) have decreased in number, they have maintained a presence in three key land features where naval and coast guard ships have intensified operations in the past seven days, according to the Philippine Navy. Latest monitoring by the Philippine Navy showed armed ships of the People’s Liberation Army Navy (PLAN) maintaining a menacing presence around the grounded BRP Sierra Madre in Ayungin Shoal, Panatag Shoal and Escoda Shoal. According to the Philippine Navy, there are 17 Chinese military vessels and 28 China Coast Guard (CCG) boats spotted inside the country’s exclusive economic zone (EEZ) between Sept. 23 and 30, or one vessel more than in the previous week Sept.17-23. Five of the warships were seen roaming around the vicinity of Escoda Shoal, along with 10 CCG vessels and 12 maritime militia vessels (MMVs). There are also two PLAN ships in Ayungin Shoal as well as 10 CCG boats and 12...
Read more

Social media seen as cause of rising intermarriages --- Helen Flores - The Philippine Star

MANILA, Philippines — The Commission on Filipinos Overseas (CFO) sees social media as the main reason for the rising number of Filipinos marrying or becoming partners of foreign nationals. In 2022, the CFO recorded 6,854 marriages or partnerships with foreign nationals, a 40.1 percent increase from the 4,891 “intermarriages” recorded in 2021. “First of all, what we see in the increase in the marriage rate of Filipinos or Filipinos with foreign partners is because of social media, (that) is number one; matchings; letters, introduction of their friends,” CFO chairperson Romulo Arugay said at the Bagong Pilipinas Ngayon public briefing yesterday. Arugay said the agency has been registering a high number of intermarriages since 2007, but the figures went down during the COVID-19 pandemic. From over 6,500 Filipinos who married foreign nationals, only 600 are men, he said. Most of them are married to Americans, Japanese, Germans, Canadians and Australians, Arugay said. Arugay warned Fi...
Read more