Q:

How large of a loan can one obtain with a Pag-IBIG Fund calamity loan?

A:

Quick Answer

An eligible recipient of a Pag-IBIG Fund calamity loan may borrow up to a maximum of 80 percent of his total accumulated value subject to terms and conditions of the program. The current interest rate for a Calamity Loan is 5.95 percent per annum.

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Full Answer

According to Pag-IBIG Fund, the calamity loan amount for recipients is amortized over a period of 24 months with a grace period of three months. The recipient must begin paying on their loan on the fourth month following the date of their DV/Check date. Eligible borrowers must apply for the loan within 90 days of the calamity.

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