The Pag-IBIG Calamity Loan Program is a short-term financial assistance designed for Pag-IBIG Fund members affected by natural disasters and calamities. It is a loan facility provided by the Pag-IBIG Fund (Home Development Mutual Fund or HDMF) to assist members in areas declared under a state of calamity by offering low-interest loans, enabling members who were victimized by typhoons, earthquakes, floods, and other disasters, including those affected by the El Niño and La Niña phenomena, to recover and address their immediate needs. Understanding the application process ensures that eligible members can quickly access this support during emergencies.
In this guide, we will explore the eligibility requirements, step-by-step application process, and essential details about the Pag-IBIG calamity loan. Whether you’re directly impacted by a calamity or planning for potential emergencies, this resource will be your go-to reference.
Loan Features and Coverage
This loan program is designed for short-term financial relief with the following characteristics:
- Loan Amount: Up to 80% of your Total Accumulated Value (TAV), which includes personal savings, employer contributions, and earned dividends.
- Interest Rate: 5.95% per annum.
- Repayment Term: Choose between 24 or 36 months.
- Grace Period: First payment is deferred for three months.
- Coverage: The calamity loan covers victims of disasters such as typhoons, storm surges, earthquakes, floods, volcanic eruptions, El Niño and La Niña phenomena, and even health-related calamities caused by emergencies.
Target Beneficiaries
This Calamity Loan Program is designed to assist Pag-IBIG Fund members who need financial support due to disasters. Target beneficiaries include:
- Residents of areas declared under a state of calamity
- Employees and self-employed individuals affected by natural or man-made calamities
- Farmers, fisherfolk, and livestock farmers impacted by events like typhoons or El Niño
- Business owners and market vendors whose livelihoods are disrupted
- Overseas Filipino Workers (OFWs) affected by calamities in their areas of residence or work
- Members or immediate family members suffering calamity-related health conditions
Eligibility Requirements
To qualify for the Pag-IBIG Calamity Loan, you must at least meet the following conditions:
- Membership Savings: Have at least 24 monthly contributions under the Pag-IBIG Regular Savings program.
- Recent Contribution: Must have made at least one contribution within the six months prior to application.
- Loan Status: Existing loans, such as Multi-Purpose Loans (MPLs) or housing loans, must not be in default.
- Residency or Employment: Be a resident of or employed in a declared calamity area.
- Proof of Income: Submit sufficient documentation showing your income level and ability to repay.
Documentary Requirements
Applicants of the Pag-IBIG Calamity Loan Program also need to prepare the following before submitting their application:
For Members:
- Calamity Loan Application Form (CLAF, HQP-SLF-066) – 1 original copy.
- Valid ID – 1 photocopy.
- Proof of Income:
- Formally Employed:
- Completed “Certificate of Net Pay” on the application form (signed by employer), or
- 1 photocopy of the latest payslip (authenticated by the company).
- Self-Employed (any of the following):
- Income Tax Return (ITR) with supporting documents (DTI Registration, Mayor’s/Business Permit).
- Commission vouchers (last 12 months).
- Bank statements (last 12 months, for foreign remittance, pension, etc.).
- Certified true copy of transport franchise (tricycles: LGU; other PUVs: LTFRB).
- Certificate of Engagement (from the business owner).
- Notarized Affidavit of Income (HQP-SLF-136).
- Overseas Filipino Workers (OFWs) (any of the following):
- Employment contract (photocopy or original POEA Standard Contract).
- Certificate of Employment and Compensation (original, or signed employer letter with ID copy).
- ITR filed in the host country.
- Formally Employed:
- Additional Requirements (for El Niño-affected members):
- Farmers, fisherfolk, livestock farmers: Certification from the Municipal Agricultural Office (MAO).
- Business owners/market vendors: Certification from the Mayor or Vendors Association.
- Members or family affected by calamity-related illnesses: Medical certificate from a doctor.
- Loan Proceeds Releasing:
- Provide a photocopy of your payroll account/disbursement card (authenticated by the employer for employer-submitted applications).
For Filing Through a Representative:
- Authorization Letter from the member.
- Valid IDs of both member and representative (1 photocopy each).
- Calamity Loan Application Form (CLAF, HQP-SLF-066) – 1 original copy.
- Proof of Income – Same as for members (see above).
- Additional Requirements – Same as for members affected by El Niño (see above).
Note:
- Always present original documents for verification when submitting photocopies.
- For accounts, ensure these are valid for disbursement through Land Bank (LBP), Development Bank (DBP), or UCPB cards.
Special Provisions for El Niño and Health-Related Calamities
Pag-IBIG members affected by events such as El Niño or illnesses related to calamities must provide specific documents:
- Farmers and fisherfolk need certifications from agricultural offices.
- Business owners may require proof from market vendor associations.
- Members with calamity-related illnesses need medical certificates.
Step-by-Step Application Procedures
For a detailed walkthrough on the application process for this program, you just need to follow the steps below:
Step 1: Gather Requirements
Prepare the necessary documents to prove your eligibility and complete your application.
Note: In some cases, like the farmers who were affected by specific events like El Niño or La Niña, additional requirements like certifications from municipal agricultural offices may be necessary.
Step 2: Submit Application
Submit your documents via one of these methods:
- Over-the-counter: Visit the nearest Pag-IBIG branch.
- Employer-facilitated submission: Have your employer handle the application.
- Online submission via Virtual Pag-IBIG: Ideal for members with a Pag-IBIG Loyalty Card Plus or payroll accounts.
Step 3: Await Approval
After submission, you will receive an STL Acknowledgement Receipt (HQP-SLF-121) confirming your application. Pag-IBIG will review your documents and process your loan.
Step 4: Receive Loan Proceeds
Loan proceeds are released via:
- Credit to your Loyalty Card Plus or bank account.
- Cash cards from partner banks like Land Bank or DBP.
- Checks, if no other options are available.
Where to Secure the Application Form
You can obtain the Calamity Loan Application Form (CLAF, HQP-SLF-066) from any Pag-IBIG Fund branch or download it from the official Pag-IBIG website. Processing the application is free of charge, ensuring affordability for all members. Once submitted with complete requirements, the loan is typically processed within 1 to 3 working days, depending on the volume of applications and the completeness of your documents.
Frequently Asked Questions (FAQs)
For your reference, here are some common questions and answers regarding the Pag-IBIG Calamity Loan Program:
1. How much can I borrow under the calamity loan?
You can borrow up to 80% of your TAV, minus any outstanding loan balances with Pag-IBIG.
2. What is the interest rate for the calamity loan?
The loan carries a fixed interest rate of 5.95% per annum, making it one of the most affordable options available.
3. How can I pay my loan?
Loan payments can be made via salary deduction (for employed members), Virtual Pag-IBIG, or through accredited payment partners. For self-employed individuals or OFWs, payments can be made online or at designated outlets.
4. How long is the availment period?
Eligible members have 90 days from the date a calamity is declared to apply for the loan.
Video: Applying for the Pag-IBIG Calamity Loan
The Pag-IBIG Calamity Loan Program provides financial relief to members in calamity-stricken areas. Offering up to 80% of your TAV with a low interest rate and flexible terms, it is a reliable option for addressing emergency needs. To learn more, watch this helpful video guide from HowToPaanoTo to help you out with the application forms, uploading documents via Virtual Pag-IBIG, and understanding loan disbursement options for the Pag-IBIG Calamity Loan Program, especially if you are a first-time applicant.