Our Blog
PAG-IBIG FUND GRANTS P11.3B IN CASH LOANS IN 1Q 2017
State-run Pag-IBIG Fund has released more than P11.3 Billion in cash loans for the first
quarter of the year, the agency’s top executive said on Wednesday (April 05).
“From January to March alone, we disbursed P11.3 Billion under our Multi-Purpose
Loan Program or MPL. These cash loans helped 520,000 Pag-IBIG members in their
everyday expenses. This is a remarkable 15% increase from our first quarter lending
last year, with MPL borrowers mostly coming from the low-income brackets. This is one
of Pag-IBIG’s programs that support President Rodrigo Roa Duterte’s campaign to uplift
the lives of our minimum- and low-wage earners,” said Pag-IBIG Fund Officer-in-Charge
Acmad Rizaldy P. Moti.
Under Pag-IBIG’s MPL program, members can borrow up to 80% of their total
contributions with the Fund. Members can use the loan proceeds to pay for tuition and
other school fees, medical expenses, purchase of furniture, minor home improvements,
and other needs.
Acting Deputy CEO for Member Services Operations Cluster Alexander Hilario G.
Aguilar said, “Pag-IBIG Fund also released an additional P759 Million in Calamity Loans
in early 2017. These Calamity Loans helped 53,401 members who were affected by the
typhoons in December 2016, particularly those in the Bicol and Southern Tagalog
regions.”
Members can avail of a Pag-IBIG Calamity Loan to help them finance repairs of their
damaged homes or help their families recover from the disaster. Members have 90
days after a declaration of State of Calamity in affected areas to file applications for the
loan.
Mr. Moti added that Pag-IBIG is studying various options to make the MPL and Calamity
Loan Programs more responsive to the needs of the members, citing President
Duterte’s directive to make government programs accessible to the people.
“This 2017, we will unveil our new MPL and Calamity Loan processing system that will
make the processing of loan applications faster and more efficient,” Mr. Moti said.
Readmore ... www.pagibigfund.gov.ph/newsevents
Your Broker▲
PRC REBL No. 0022685
PTR No. 1515510
HLURB-DHSUD Registered
CONTACT US:
Viber / WhatsApp/WeChat/IMO
+63917 530 5817
+63908 884 7387
EMAIL:
pagibighouseforsaleph@gmail.com
FACEBOOK:
www.facebook.com/pagibighouseforsale
WEBSITE:
www.pagibighouseforsale.com
Pre-Qualifying Questions▲
Pag-ibig Houses in Cavite▲
How to Buy▲
Step 1 – Contact us
Step 2 – Site visit
Step 3 – Reserve a Unit
Step 4 – Pay monthly DP/Equity
Step 5 – Personal appearance
Step 6 – Submit requirements
Step 7 – Loan process
Step 8 – Loan take-Out
Step 9 – House inspection
Step 10 – Move-in
Required Upon Reservation▲
- 2 Valid Government ID
- 1 Month Payslip
- 1 Proof of Billing
- 1 Pag-IBIG Contribution Printout (ESAV)
- Reservation Fee
- 1 Valid ID
- 1 Job Contract
- 1 Proof of Billing
- 1 Notaraized SPA Form
- 1 Pag-IBIG Contribution Printout (ESAV)
- Reservation Fee
- Valid ID
- Latest financial Statement
- 1 Pag-IBIG Contribution Printout (ESAV)
- Reservation Fee
Personal Requirements▲
- 4 pcs. 1 x 1 ID picture
- Birth Certificate (if single)
- Marriage Certificate (if married)
- Death Certificate (if widow / widower)
- Proof of Billing Address
- Certificate of Tenancy
- Valid ID of Landlord (if renting)
- 2 Valid ID (Government issued)
- Approved MSVS
- Special Power of Attorney
- Valid ID of Atty-in-fact
- Residence Certificate/ Cedula
- Postdated Checks (DP & Amortization)
Video▲
HDMF or Home Development Mutual Fund Pag-IBIG Housing Loan Program Courtesy by Pag-ibig.
0 comments