Due to the enhanced community quarantine (ECQ), millions of workers in the affected parts of the country were unable to work. This led them to have no means of earning income. With that, several government agencies decided to help out; they released some of their offers for members and the Filipino working community to somehow provide some sort of relief.
This image was taken from The Philippine Star | Philstar.com
In that list is the Pag-IBIG Fund 3-month moratorium offered to its members. Now many people grew confused as to what this moratorium was; some even had suspicions about it being the same as the grace period.
However, they are different – in fact, they’re a lot different than how most people think of them being similar. In this article, we will be discussing what the Pag-IBIG 3-month moratorium is as well as the grace period.
The Pag-IBIG 3-month moratorium is a program offered by the state housing fund. This gives borrowers a chance to delay payment for their loans. This initiative was brought about by Pag-IBIG in helping the community out because of the quarantine.
1 thought on “What’s the Difference Between the Pag-IBIG 3-Month Moratorium and the Grace Period?”
What if i already avail the 3 month moratorium…can i still avail the grace period? or can i change may choice from 3 month moratorium to grace period?
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What if i already avail the 3 month moratorium…can i still avail the grace period? or can i change may choice from 3 month moratorium to grace period?