A large boulder crushed a parked automobile and a home alongside Kennon Street in Baguio Metropolis on Saturday, July 19, 2025, amid heavy rains from Extreme Tropical Storm Crising. A pet canine was killed within the incident, however no individuals have been damage as the home was unoccupied on the time. (Picture courtesy of the Baguio CDRRMO)
MANILA – The Pag-IBIG Fund on Wednesday introduced that it is able to help members affected by Tropical Storm Crising by way of its Calamity Mortgage program and Housing Mortgage Insurance coverage Declare for broken properties.
In a public advisory, the company stated the initiative complies with President Ferdinand Marcos Jr.’s directive to supply instant help to individuals in disaster-stricken areas.
Certified members residing in areas declared below a state of calamity could apply for a Pag-IBIG Calamity Mortgage. The necessities for the mortgage embrace a duly completed Calamity Mortgage Utility Type, a sound ID, proof of earnings or employer-certified earnings, and a Pag-IBIG Loyalty Card Plus.
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By means of this system, eligible members can borrow as much as 90 % of their Pag-IBIG financial savings, which embrace their month-to-month contributions, employer share, and earned dividends.
The mortgage comes with a low annual rate of interest of 5.95 %, payable over three years, and features a three-month grace interval earlier than the primary cost is due. Members have 90 days from the declaration of a state of calamity of their space to use.
On Tuesday, Pag-IBIG Chief Govt Officer Marilene Acosta stated their branches are coordinating with native governments on the deployment of the Lingkod Pag-IBIG On-Wheels. It’s a cell workplace that accepts mortgage purposes and insurance coverage claims from Crising victims with typhoon-damaged properties.
The Pag-IBIG Fund can also be accepting Housing Mortgage Insurance coverage Claims below its All Dangers protection for members with typhoon-damaged properties. Required paperwork for materials injury claims embrace a accomplished Utility for Non-Life Insurance coverage Declare, a report of loss, and a price estimate signed by a contractor (for whole loss) or by a foreman/carpenter (for partial injury). Different necessities embrace coloured pictures or proof of harm, a certification from the Barangay Captain if the property was affected by a calamity, and two legitimate IDs with the borrower or co-borrower’s signature.
Crising victims could ship their purposes through e mail at [email protected], on the nearest Pag-IBIG Fund department, or by way of the Lingkod Pag-IBIG On Wheels. Extra info and downloadable kinds can be found on the official Pag-IBIG Fund web site. (PNA)
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