Pag-IBIG offers Calamity Loans and One-Month Housing Payment Relief to members affected by Typhoon Kristine

by Info @Brand Zone | Oct. 29, 2024

In response to the effects caused by Typhoon Kristine, Pag-IBIG Fund has  announced the availability of its Calamity Loan program and Housing Loan  payment moratorium to assist affected members. 

Members residing or working in areas declared under a state of calamity – including areas in Region IV-A, Ilocos Region, Cagayan Valley Region,  Region V, Region VIII, and NCR – may apply for Calamity Loans and one month Housing Loan payment Moratorium to alleviate their financial  difficulties and allocate their funds toward more immediate recovery needs. 

“Pag-IBIG Fund is here to provide support to our Filipino workers who are  facing financial difficulties caused by Typhoon Kristine through the  availability of the Calamity Loan and the grant of one-month housing loan  payment moratorium. We want to provide relief to our members in the  hardest-hit areas as they recover from the impact of the typhoon. In line with  President Ferdinand Marcos, Jr.'s call, we are dedicated to extending all  necessary support to help them recover and rebuild,” said Secretary Jose  Rizalino L. Acuzar of the Department of Human Settlements and Urban  Development and Chairperson of the 11-member Pag-IBIG Fund Board of  Trustees. 

The Pag-IBIG Calamity Loan is one of the agency’s Short-Term Loan  programs designed to provide relief and support to members residing or  working in areas declared under the State of Calamity. Qualified members  can borrow up to 80% of their total Pag-IBIG Regular Savings, which  consists of their monthly contributions, their employer’s contributions, and  accumulated dividends earned. The loan is offered at a low annual interest  rate of only 5.95%, with payment terms of 24 or 36 months, and the first  payment deferred for three months. 

For members who need financial assistance in areas not declared under a  State of Calamity, the Pag-IBIG Multi-Purpose Loan is available to help  them recover from the aftermath of the typhoon. 

Meanwhile, under the one-month Housing Loan payment moratorium,  payments on members’ Housing Loans or installments will be suspended  for the approved period at no additional cost. Eligible members may apply for the availment of the moratorium program until 31 December 2024, either  through the Virtual Pag-IBIG or at the nearest Pag-IBIG branch. 

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta emphasized the  readiness of Pag-IBIG Fund in providing aid to members affected by the  calamity. 

“We want to assure our members that we will remain proactive in helping  them recover. Our immediate priority is to give them assistance in all the  ways we can. Our Lingkod Pag-IBIG on Wheels (LPOW) are scheduled to  deploy in various areas in Quezon City, Valenzuela, Malabon, Laguna,  Batangas, and Bicol.” 

“Through our LPOW, Pag-IBIG members may submit their Calamity Loan  applications to aid in their immediate recovery, file for insurance claims if  their homes mortgaged under Pag-IBIG Fund are damaged, and file for a  Housing Loan for major home repairs. Our members can always count on  us for timely and reliable assistance, especially in times of need,” Acosta  added. 

Members may also apply for a Calamity Loan or Multi-Purpose Loan online  through the Virtual Pag-IBIG.

Pagbubukas ng klase, postponed sa halos 90 paaralan

by Angela Fernando @News | July 26, 2024

Ipagpapaliban muna ng mahigit sa 90 pampublikong paaralan ang pagbubukas ng klase dahil sa matinding epekto ng Super Typhoon Carina na pinalakas pa ng Southwest Monsoon. Ito ay ayon sa kumpirmasyon ni Education Secretary Sonny Angara.

Kabilang sa mga lungsod na mauusod ang pagbubukas ng klase ay ang Malabon at Valenzuela. Ang desisyon na ito ay bunga ng pinsalang dulot ng bagyo at Habagat, na nagresulta sa pagbaha at pagkasira ng mga imprastruktura sa mga apektadong lugar.

Magbubukas muli ang mga paaralan sa Malabon City sa Hulyo 31, habang ang mga nasa Valenzuela City ay ililipat ang pagbubukas ng klase sa Agosto 5 imbes na sa orihinal na schedule na Hulyo 29.

SSS to offer calamity loan to ‘Carina’-affected members

by Info @Brand Zone | July 25, 2024

The Social Security System (SSS) is set to provide calamity loan assistance to members who have been affected by Typhoon 'Carina' in the National Capital Region and in areas that may soon be declared under state of calamity.

SSS President and Chief Executive Officer Rolando Ledesma Macasaet said that members in typhoon-stricken areas can borrow a loan equivalent to their one monthly salary credit or up to a maximum of P20,000.

“SSS will always be ready to assist our members in typhoon-affected areas. We want to assure them that in times of calamities, they can rely on SSS to provide them the needed financial assistance as they recover from Typhoon Carina,” Macasaet said.

To qualify, typhoon-affected members must:

• Have at least 36 monthly contributions, six of which must be posted within the last 12 months before the month of filing of application;

• Be living or residing in the declared calamity area;

• Be below 65 years old at the time of loan application;

• Have no final benefit claim such as permanent total disability or retirement;

• Have no past due SSS Short-Term Member Loans;

• Have no outstanding restructured loan or calamity loan.

Macasaet said that interested members can apply for the calamity loan using their My.SSS account via www.sss.gov.ph.

“Once approved, the loan proceeds will be credited to the member’s registered Unified Multi-Purpose Identification (UMID)-ATM Card or their active accounts with a Philippine Electronic Fund Transfer System and Operations Network (PESONet) participating bank,” Macasaet explained.

He said members could pay the calamity loan in two years or 24 equal monthly installments with an annual interest rate of 10 percent.

“We hope that through the calamity loan assistance, we may be able to help typhoon-affected members as they recover from the adverse effects of Typhoon Carina,” Macasaet concluded.