How to avail Home Development Fund (Pag-IBIG)–Calamity Loan

The Home Development Mutual Fund (HDMF), popularly known as Pag-IBIG (Pagtutulungan sa kinabukasan: Ikaw, Bangko, Industriya at Gobyerno) Fund offers a Calamity Loan Program to any Pag-IBIG Fund member affected by severe flooding, typhoons, and earthquakes. Areas declared under a State of Calamity by the President of the Philippines or to the Local Government Units upon the recommendation of the National Disaster Risk Reduction Management Council (NDRRMC) or their local counterparts known as the Local Disaster Risk Reduction Management Council (LDRRMC).

Qualified Pag-IBIG Fund Members can borrow up to 80% of their Total Accumulated Value (TAV) subject to the terms and conditions of the program. Calamity Loan Interest rate is 5.95% per annum. The loan is amortized over 24 months, with a grace period of 3 months. Paying period begins on the 4th month following their check date. Loans may be filed within 90 days from the declaration of State of Calamity.

Read: How to apply for SSS Calamity Loan

In this article, I will be guiding you with the requirements and the procedures in order for you to pursue and successfully approve for this loan.

Who are qualified members?

• Has made at least 24 monthly savings
• Active member with at least 5 monthly savings for the last 6 months as of month prior to the date of loan application;
• Resides in an area which is declared by the Office of the President or the Local Sanggunian concerned as under a state of calamity

Process and Requirements

1. Completely filled-up Calamity Loan Application Form (it can be downloaded from the Pag-IBIG Fund website at www.pagibigfund.gov.ph or can be secured at any Pag-IBIG Fund office)

2. Prepare a Photocopy of at least 2 valid IDs