Pag-IBIG Fund members can now digitally apply for loan: Here’s how
Robie de Guzman • March 23, 2020 • 4795
MANILA, Philippines – The Pag-IBIG Fund has updated its loan application process to allow the digital processing of loans including Calamity Loan, amid the threat of novel coronavirus disease (COVID-19) in the country.
Most Filipinos are now in need of financial assistance after business operations were ordered suspended amid the fight against the spread of coronavirus.
Pag-IBIG Fund’s Calamity Loan Program seeks to provide immediate financial aid to its affected members in calamity-stricken areas.
Those who are qualified to apply are actively contributing members “residing in areas included in the declaration of a state of calamity by the Office of the President or the local council,” according to Pag-IBIG’s Calamity Loan Program FAQ.
President Rodrigo Duterte placed the Philippines under a state of calamity last March 17.
The loan applicant must also have at least 24 monthly membership savings and sufficient proof of income to qualify.
“If you have an existing Pag-IBIG Fund Housing Loan, MPL and/or Calamity Loan, your payments must be updated for you to qualify,” its FAQ reads.
On its Facebook page, Pag-IBIG said it released an updated guide on how its members can digitally apply for Multi-Purpose Loan and Calamity Loan to “accommodate members who have no access to a printer.”
3. Send the PDF file via email to your company Human Resources (HR) department, authorized company representative, or Fund Coordinator along with one valid ID and the front and back images of your Loyalty Card Plus, or Landbank, UCPB or DBP cash card.
Pag-IBIG Fund said the company HR, authorized representative, or Fund Coordinator shall e-mail the following to the Pag-IBIG Fund email address designated for your area:
1. Your loan application and requirements
2. The filled-out ‘Employer Confirmation of STL Application’ bearing your name. Your authorized company representative or Fund Coordinator can download this fillable form via this link.
The Pag-IBIG Fund said qualified members may borrow up to 80% of their total Pag-IBIG Regular Savings, which consist of their monthly contributions, their employer’s contributions, and accumulated dividends earned.
“If you have an outstanding Multi-Purpose and/or Calamity Loan, the amount of loan you will receive shall be the difference between the 80% of your total Pag-IBIG Regular Savings and the outstanding balance of your loan/s,” the FAQ read.
When should eligible members avail of the loan?
The agency said eligible borrowers must avail of the Calamity Loan within a period of 90 days from the declaration of a state of calamity.
The loan is payable within 24 months and comes with the initial payment due on the third month after the loan release.
Formally-employed members shall pay their loan amortization through a salary deduction arrangement with their employer while self-employed individuals, overseas Filipino workers, and all other individual payors may pay their amortization at any Pag-IBIG Fund branches.
Parties for all offices under the Quezon City government during the holidays will no longer be held this year amid the continuing novel coronavirus disease (COVID-19) pandemic, Quezon City Mayor Joy Belmonte said Tuesday.
A statement released on Tuesday said Belmonte has issued a memorandum directing all offices under the city hall to cancel parties scheduled in December and instead ordered them to donate the funds to underprivileged groups.
“The money that would have been spent on office Christmas parties would do more good as donations to the underprivileged during this extraordinarily difficult time in our nation’s history,” Belmonte said in a statement.
The local chief executive stressed that “it would be inappropriate for offices of the city government to hold customary Christmas parties while many of its citizens are experiencing hardships due to the coronavirus disease 2019 (COVID-19) pandemic.”
Instead of holding parties, she urged city hall employees to adopt an underprivileged sector— such as the urban poor, displaced workers, jeepney drivers, street vendors, indigent children, and poor senior citizens— and to modestly celebrate the season in their homes.
MANILA, Philippines – The province of Batanes on Tuesday said it has recorded its first case of novel coronavirus disease (COVID-19) since the start of the pandemic early this year.
According to Batanes Governor Marilou Cayco, the province reported its first COVID-19 case after a 29-year old resident who returned on Sept. 22 tested positive for the virus.
He has a travel history in Santa Rosa, Laguna. He returned to the province on board a Philippine Air Force plane with 18 others.
Cayco said the patient is asymptomatic and currently under isolation and monitoring of the provincial COVID-19 task force.
She added that all 18 individuals who had close contact with the patient have been subjected to swab test and are now strictly being monitored.
Batanes is currently under a modified general community quarantine (MGCQ) but the local government will recommend to place the province under a two-week GCQ to curb the spread of coronavirus disease.
Cayco said outpost checkpoints will also be set up in all municipalities to monitor and limit the movement of people.
Airport operations and commercial flights to and from the province will also be suspended.
“Medivac lang ang pwedeng pumunta dito in some emergency cases. Pero yung commercial flights pina-stop muna namin,” she said.
The local government reminds residents to follow health protocols such as the wearing of face masks and face shields and observe physical distancing. – RRD (with details from Correspondent Dan Gersalia)
The Department of Health (DOH) will allow private companies to implement lockdown in their offices or health care facilities to prevent coronavirus disease (COVID-19) exposure.
DOH Spokesperson Usec. Maria Rosario Vergeire said aside from the minimum health protocols, private companies should also consider the mental health of their employees if they will implement a lockdown.
“For example may mga ibang ospital (For example, there are hospitals) that would rather have their employees stay with them, they have their dormitory. Wala munang uuwi dito muna kasi kapag umuwi kayo sa community you go back at nadadala niyo ang mga impeksyon dito (No one will go home yet because, once you go home to your community and you come back, you might bring the infection here),“ she said.
According to the Health Department, the duration of the lockdown will depend on the agreement between the company and its employees. She also reminded employees that they can also decline being put into lockdown.
“Hindi naman dapat pumayag din ang isang employee kung iyan ay labag sa kaniya. Mayroon naman silang ganoong karapatan kailangan lang po na naipapaliwang ng maayos (Employees don’t need to agree if they don’t want to. They have the right to do so. Things must be explained properly),” Vergeire added.
The health official also reminded private companies to make sure that their employees understand the reason behind the lockdown, taking into account the difficulty of being away from their families especially during the pandemic.
Vergeire also said employees should also be able to talk to experts with regards to their mental health.
“It is okay not to be okay especially at this time during our situation in the pandemic. Okay lang po iyan lahat tayo nakakaramdam ng ganiyan (That’s okay, we all feel that). We just have to have that coping mechanism,” she said. AAC (with reports from Aiko Miguel)
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