Manila: The Pag-IBIG Fund has announced its readiness to assist members affected by Tropical Storm Crising through its Calamity Loan program and Housing Loan Insurance Claim for damaged homes. This initiative is in compliance with President Ferdinand Marcos Jr.'s directive to provide immediate assistance to those in disaster-stricken areas.

According to Philippines News Agency, members residing in areas declared under a state of calamity can apply for a Pag-IBIG Calamity Loan. The necessary requirements for the loan include a completed Calamity Loan Application Form, a valid ID, proof of income or employer-certified income, and a Pag-IBIG Loyalty Card Plus. Eligible members can borrow up to 90 percent of their Pag-IBIG savings, which encompasses their monthly contributions, employer share, and earned dividends.

The loan features a low annual interest rate of 5.95 percent, payable over three years, with a three-month grace period before the first payment. Members have 90 days from the declaration of a state of calamity in their area to apply. Pag-IBIG Chief Executive Officer Marilene Acosta stated that the branches are coordinating with local governments to deploy the Lingkod Pag-IBIG On-Wheels, a mobile office that accepts loan applications and insurance claims from members with typhoon-damaged homes.

The Pag-IBIG Fund is also processing Housing Loan Insurance Claims under its All Risks coverage for members whose homes have been damaged by the typhoon. Required documents for material damage claims include a completed Application for Non-Life Insurance Claim, a report of loss, and a cost estimate signed by a contractor for total loss or by a foreman/carpenter for partial damage. Additional requirements include colored photos or proof of damage, a certification from the Barangay Captain if the property was affected by a calamity, and two valid IDs with the signature of the borrower or co-borrower.

Applications can be submitted via email at [email protected], at the nearest Pag-IBIG Fund branch, or through the Lingkod Pag-IBIG On Wheels. More information and downloadable forms are available on the official Pag-IBIG Fund website.