Pag-IBIG Fund is extending financial relief and reminding borrowers of existing insurance protections as communities continue to recover from recent typhoons and earthquakes. The agency announced a one-month payment moratorium and reiterated the availability of Housing Loan insurance to help affected members manage repair costs and ease immediate financial strain.
Department of Human Settlements and Urban Development Secretary and Pag-IBIG Fund Board Chairman Jose Ramon P. Aliling said the move aligns with ongoing government efforts to hasten recovery in disaster-stricken areas. He noted that the assistance reflects the Fund’s mandate to provide responsive support to Filipino workers, following President Ferdinand R. Marcos Jr.’s instruction to mobilize agencies in a coordinated response.
“Guided by President Marcos’s directive for a whole-of-government response to help those affected by calamities, we are offering Housing Loan borrowers a payment moratorium and insurance coverage for damaged homes under our Housing Loan program, as well as providing all our members with affordable loan options to help them recover and rebuild,” Aliling said.
Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta added that all home loans under the program come with built-in insurance, which can assist with repair needs when homes incur damage. She said borrowers in areas placed under a state of calamity due to typhoons Nando, Opong, Ramil, Tino, and Uwan, as well as the recent earthquakes in Cebu and Davao, may avail of the one-month moratorium.
“We understand that our members need immediate help when disasters strike, and we, at Pag-IBIG Fund, are always ready to respond,” Acosta said. “Housing Loan borrowers whose homes were damaged can take comfort in knowing that their homes are insured, and we are reaching out to help them avail of their benefits as soon as possible. We are likewise offering a one-month payment moratorium to prioritize the safety and recovery of their families. They may conveniently apply online through Virtual Pag-IBIG.”
Alongside these measures, Pag-IBIG Fund is making its Calamity Loan and Home Improvement Loan programs available at preferential rates to help members address both urgent needs and long-term repairs. The Calamity Loan allows eligible members in declared areas to tap up to a significant portion of their Pag-IBIG Regular Savings at a low annual interest rate, with an initial grace period to provide immediate relief. The Home Improvement Loan, offered at a promotional rate for early borrowers, supports structural repairs and upgrades for damaged homes.
“We know that rebuilding after a disaster takes time and resources,” Acosta said. “That is why we are providing multiple ways to help through our payment moratorium for financial relief, our Calamity Loan for immediate needs, the Housing Loan insurance for protection, and our Home Improvement Loan to help members restore their homes to safety and comfort. Pag-IBIG Fund is here to make recovery easier, faster, and more affordable for our members.”
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