Pag-IBIG Fund has provided a one-month moratorium on housing mortgage funds to help members affected by extreme tropical storms Crising, Dante, Emong and the southwest monsoon, as a part of its persevering with response to President Ferdinand R. Marcos Jr.’s name to ship swift and responsive reduction to calamity-stricken members.
Pag-IBIG Housing Mortgage debtors residing or working in areas formally declared below a state of calamity—together with Manila, Quezon Metropolis, Cebu Metropolis, Marikina Metropolis, Malabon Metropolis, Dagupan Metropolis, the province of Cavite, Calumpit in Bulacan, Sebaste and Barbaza in Vintage, Calasiao and Umingan in Pangasinan, and Cainta in Rizal—could apply for the moratorium to assist ease their monetary burdens and redirect their sources towards pressing restoration wants. Further areas that could be declared below a state of calamity within the coming days can even be lined.
“Pag-IBIG Fund stands in full assist of President Marcos’ directive to increase speedy help to our fellow Filipinos affected by Typhoons Crising, Dante and Emong and the heavy monsoon rains,” stated Secretary Jose Ramon P. Aliling, head of the Division of Human Settlements and City Improvement and chairperson of the 11-member Pag-IBIG Fund Board of Trustees. “This one-month moratorium on housing mortgage funds displays our dedication to compassionate governance and our willpower to assist affected members rebuild their lives throughout these troublesome occasions.”
Beneath Pag-IBIG Fund’s one-month housing mortgage fee moratorium, certified debtors may have their month-to-month amortizations or installment funds quickly suspended for one month, with out incurring penalties or extra curiosity. Mortgage phrases can be prolonged accordingly, with all different circumstances, together with rates of interest, remaining unchanged.
Eligible housing mortgage debtors could file their purposes till August 24, both on-line via the company’s Digital Pag-IBIG platform or by visiting any Pag-IBIG Fund department. No processing payment can be charged.
This follows the company’s earlier announcement that its Calamity Mortgage Program is now open for members in areas declared below a state of calamity, and that Housing Mortgage Insurance coverage claims can be found for debtors with broken houses financed via Pag-IBIG Fund.
“Our precedence is to scale back the monetary burden on our members as they recuperate from the impression of current calamities,” stated Pag-IBIG Fund chief govt officer Marilene C. Acosta. “This housing mortgage moratorium offers speedy reduction to allow them to deal with their households, security, and rebuilding. We perceive what it means to face uncertainty after a catastrophe, and that’s the reason we’re right here. We’re prepared to help, to serve, and to offer not solely monetary assist, however peace of thoughts to our members. Via our moratorium, calamity mortgage, and housing insurance coverage companies, Pag-IBIG Fund stays a reliable associate in each Filipino employee’s path to restoration.”
