PAG-IBIG CALAMITY LOAN APPLICATION: HOW TO APPLY? | GUIDEPH

Pag-IBIG Calamity Loan - When catastrophe strikes, it doesn't just destroy the lives on with yet, in addition, the innumerable properties and jobs of individuals. One should seriously ponder over getting a loan since this may be the main decision of others to remake and financially recover. 

Pag-IBIG Calamity Loan - The Pag-IBIG calamity loan assistance help is one of the projects of our legislature to assist its people in revamping their lives on with after a destructive catastrophe. 

PAG-IBIG CALAMITY LOAN: DEFINITION 

The Pag-IBIG  Calamity Loan Assistance is a program of the administration that plans to give money related help to individuals being influenced in cataclysm stricken regions, for example, storm, seismic tremor, war, and other unforeseen episodes (normal or man-made catastrophes) 

WHO ARE QUALIFIED TO APPLY FOR THE PAG-IBIG CALAMITY LOAN? 

Pag-IBIG Fund individuals are qualified for the catastrophe credit as long as they meet the accompanying capability prerequisites: 

1. Pag-IBIG member that has made at any rate twenty-four (24) monthly reserve funds (MS); 

• Has pulled back his monthly investment funds because of enrollment development, or who has alternatively pulled back his monthly reserve funds, can't benefit a disaster advance except if and until after he has in this way paid 24 monthly reserve funds following the period of said withdrawal. 
• Has not met the necessary 24 monthly investment funds might be permitted to benefit of a disaster advance if his complete reserve funds are at any rate proportionate to 24 monthly reserve funds, at the rate pertinent to him. 

2. A member that has made at any rate one (1) monthly investment funds for the last six (6) months as of month preceding the date of advance application; 

3. On the off chance that with existing Pag-IBIG Housing Loan, the record ought not to be in default on the date of application.

4. On the off chance that with existing Multi-Purpose Loan (MPL) and additionally Calamity Loan, the record/s ought not to be in default on the date of application.

5. A member who is an occupant of the zone which is proclaimed catastrophe stricken; and 

6. A member should have adequate confirmation of income.

HOW MUCH CAN YOU BORROW FROM THE PAG-IBIG CALAMITY LOAN PROGRAM?

The loanable sum will be founded on the LOWEST of the accompanying, as indicated by the Pag-IBIG Fund: 

1. Mentioned credit sum. 

2. Loan entitlement  – The advance qualification ought to be equal to 80% of the Total Accumulated Value (TAV) or all-out regular Pag-IBIG investment funds (Pag-IBIG MP2 contributions are barred), which comprise of your monthly contributions. your boss' contributions, and the gathered profits you have earned. 

In the event that you have a current/extraordinary disaster advance from Pag-IBIG, you will just get the distinction between 80% of your complete reserve funds and the remarkable loan balance. 

3. Capacity to pay – Your loanable sum will be founded on the amount you gain. Your net salary must not fall beneath the suggested least sum expressed in the organization strategy or the General Appropriation Act after applying the findings to pay for the loan.

WHAT ARE THE REQUIREMENTS FOR PAG-IBIG CALAMITY LOAN APPLICATION? 

The calamity borrower must present the accompanying necessities to any Pag-IBIG branch office: 

• Appropriately practiced Pag-IBIG Calamity Loan Application Form (you can get the application structure at Pag-IBIG site and workplaces); 
• At any rate 2 legitimate IDs (copy) 
• Verification of salary 
• Appropriately practiced Declaration of that you are affected by Calamity 
• Copy of the finance account, payment card, or deposit slip (for a recently opened record). Pag-IBIG Fund releases the advance continues through the Loyalty Card Plus, Landbank, DBP Cash Card. 

HOW TO FILE FOR PAG-IBIG CALAMITY LOAN? 

You can petition for the Pag-IBIG Calamity Loan in two different ways; Walk-In and Online Application. 

PAG-IBIG CALAMITY LOAN WALK-IN APPLICATION 

After your place of living arrangement or work has been put under the State of Calamity, you can apply for a calamity loan at any Pag-IBIG office inside 90 days gave that Pag-IBIG workplaces stay open and an across the nation lockdown hasn't been executed. 

Here's the manner by which you can petition for disaster advance through walk-in application: 

1. Download and achieved the forms required for the calamity loan application (see the rundown of necessities in the past area). 

2. Present the duly-accomplished forms alongside the other documentary necessities to any Pag-IBIG Fund branch/office. 

3. Trust that your application will be prepared. You will get a book notice disclosing to you that you can guarantee the loan continues through your finance account/dispensing card once affirmed. 

PAG-IBIG CALAMITY LOAN ONLINE APPLICATION 

Members are urged to present their advanced applications online in occurrences when all Pag-IBIG workplaces are required to close briefly because of a disaster. 

The Pag-IBIG Fund conveys skeletal groups/staff to process applications during basic periods like this despite the fact that Pag-IBIG branches are briefly shut. 

Here are the means by which you can petition for calamity loan through online application: 

Requirements:

• Properly practiced Pag-IBIG Calamity Loan Application Form. You can download the structure, print it, fill in all the necessary details, sign it, and afterward filter/snap a picture of it alongside the other required reports recorded here. 
• Appropriately practiced Employer Confirmation of Short-Term Loan (STL) Application that bears your name. You can demand your approved organization delegate or Fund Coordinator to download and round out this form;
• 1 legitimate ID 
• Member's Loyalty Card Plus, or LandBank, UCPB, or DBP money card (front and back pictures). In the event that this is your first an ideal opportunity to obtain and you have none of the referenced cards, you'll be prompted by the Pag-IBIG Fund on how you'll get the credit continues. 

STEPS IN APPLYING FOR CALAMITY LOAN ASSISTANCE: 

1. Achieve the Multi-Purpose Loan (MPL) or Calamity Loan Application Form which you can download at https://www.pagibigfund.gov.ph/archive/pdf/dlforms/providentrelated/SLF066_CalamityLoanApplicationForm_V05_fillable_final.pdf 

2. Direct your employer or organization signatory to consent to the Application Arrangement. 

3. Scan or snap a picture of the accompanying: 

• Achieved advance application structure 
• One (1) legitimate ID (i.e., visa) 
• Loyalty Card Plus or Landbank or DBP Cash card (Front and back pictures) 

4. Send a scanned duplicate or photograph of your application form and the other narrative prerequisites to the assigned email address designated for your employer's office address 

• Borrowers or individuals will get an instant message that will affirm the advance endorsement and crediting in the Loyalty Card Plus, Landbank, or DBP Cash card. 
• Borrowers or individuals will be prompted on the most proficient method to best get their advance continues on the off chance that you don't have a Loyalty Card Plus or Landbank or DBP Cash card 

DURATION OF THE PROCESSING PERIOD OF THE PAG-IBIG CALAMITY LOAN APPLICATION

Upon submission of the requirements, it will, as a rule, take under two days for the application to be prepared and the loan continues to be released. Delays are normal when a calamity influences the entire nation. The reserve has a restricted workforce to deal with the storm of loan applications. 

HOW TO CLAIM OR RECEIVE THE PAG-IBIG CALAMITY LOAN? 

You will get the cash or advance continues, after the endorsement of your credit application through any of the accompanying: 

• Dispensing card (i.e., Pag-IBIG Loyalty Card Plus); 
• Through financial balances like the LandBank's Payroll Credit Systems Validation (PACSVAL); 
• Through Check (watches that are unclaimed for 30 days from the DV/Check date will make the credit be dropped); 
• Other adequate modes to be declared by the Pag-IBIG Fund 

The Pag-IBIG calamity loan is extraordinary assistance for those individuals who revamp their lives on with after an overwhelming calamity. Fortunately, the legislature has this sort of projects to help the Filipino individuals.