GUIDELINES AND INSTRUCTIONS
A. Who May File
Any Pag-IBIG Fund member who satisfies the following requirements:
1. Has made at least twenty-four (24) monthly savings (MS);
A member who has withdrawn his MS due to membership maturity, or who has optionally withdrawn his MS,
cannot avail a calamity loan unless and until after he has subsequently paid 24 MS following the month of
A member who does not meet the required 24 MS may nevertheless, be allowed to avail of a calamity loan
if his total savings is at least equivalent to 24 MS, at the rate applicable to him.
2. Has made at least one (1) MS for the last six (6) months as of month prior to date of loan application;
3. If with existing Pag-IBIG Housing Loan, the account must not be in default as of the date of application;
4. If with existing MPL and/or Calamity Loan, the account/s must not be in default as of date of application;
5. Is a resident of the area which is declared calamity-stricken; and
6. Has sufficient proof of income.
B. How to File
The applicant shall:
1. Secure the Calamity Loan Application Form (CLAF) from any Pag-IBIG Fund Branch or download from
Pag-IBIG website at www.pagibigfund.gov.ph.
2. Accomplish 1 copy of the application form.
3. For releasing of loan proceeds through Payroll Account/Disbursement Card, attach photocopy of payroll
account/disbursement card/deposit slip (for newly-opened account).
4. Submit accomplished application, together with the required documents to any Pag-IBIG Fund Branch.
Processing of loans shall commence only upon submission of complete documents.
C. Loan Features
1. Loan Amount
A qualified Pag-IBIG member shall be allowed to borrow an amount based on the lowest of the following:
1.1 Desired Loan Amount
1.2 Loan Entitlement
The loan entitlement shall be equivalent to eighty percent (80%) of TAV. However, if the borrower has an
existing MPL, the loanable amount shall be the difference between the 80% of the borrower’s TAV and the
outstanding balance of his MPL.
1.3 Capacity to Pay
The loanable amount shall be limited to an amount which will not render the borrower’s Net Take Home
Pay (NTPH) to fall below the minimum requirement as prescribed by the General Appropriation Act (GAA)
or company policy, whichever is applicable.
2. Interest Rate
The loan shall be charged with an interest rate of 5.95% per annum, with interest during the grace period and
shall be amortized equally over the term of the loan.
3. Loan Term
The loan shall be repaid over a maximum period of twenty-four (24) months, with a grace period of three (3)
4. Loan Release
The loan proceeds shall be released through any of the following modes:
a) Crediting to the borrower’s disbursement card;
b) Crediting to the borrower’s bank account through LANDBANK’s Payroll Credit Systems Validation
c) Check payable to the borrower. However, when the check remains unclaimed for a period of thirty (30)
days from the DV/Check date, the said loan shall be cancelled and the loan shall be reversed.
d) Other acceptable modes of disbursement.
5. Loan Payments
5.1 The loan shall be repaid in equal monthly payments in such amounts as may fully cover the principal and
interest over the loan period. Said amortization shall be made, whenever feasible, through salary
5.2 For self-employed individuals, Overseas Filipino Workers (OFWs) or other types of individual payors,
monthly payments shall be paid over-the-counter or any other modes of payment approved by the Fund.
5.3 Payments shall be remitted to the Fund on or before the fifteenth (15
) day of each month starting on the
) month following the date on the DV/check or manual disbursement voucher.
5.4 If the due date falls on a non-working day, the monthly amortization shall be paid on the first working day
after the due date.
5.5 The borrower may fully pay the outstanding balance of the loan prior to loan maturity.
5.6 The borrower shall pay directly to the Fund in case the borrower is unable to pay through salary deduction
for any of the following circumstances:
a. Suspension from work;
b. Leave of absence without pay;
c. Insufficiency of take home pay at any time during the term of the loan; or
d. Other circumstances analogous to the foregoing.
5.7 Payments shall be applied according to the following order of priorities:
a. Penalties; if any
b. Interest; and
5.8 Any amount in excess of the required monthly amortization shall be applied to succeeding amortizations
which will be posted on the next due date.
A penalty of 1/20 of 1% of any unpaid amount shall be charged to the borrower for every day of delay. For
borrowers paying through salary deduction, penalties shall only be reversed upon presentation of proof that
non-payment was due to the fault of the employer. In such case, penalties due from the borrower shall be
charged to the employer. Non-remittance of the total amortization shall likewise subject the employer with a
penalty of 1/10 of 1% per day of delay of the amounts payable from the date the loan amortization or payments
fall due until paid.
The borrower shall be in default in any of the following cases:
a. Any willful misrepresentation made by the borrower in any of the documents executed in relation hereto;
b. Failure of the borrower to pay any three (3) consecutive monthly amortizations;
c. Failure of the borrower to pay any three (3) consecutive MS; or
d. Violation by the borrower of any of the membership/STL/housing loan policies, rules, regulations and
guidelines of Pag-IBIG Fund.
8. Effects of Default
In the event of default, the outstanding loan obligation shall become due and demandable. The outstanding
loan obligation shall be deducted from the TAV after exerting all collection efforts.
D. Availment Period
The Pag-IBIG member-victim must avail himself of the Pag-IBIG calamity loan within a period of ninety (90) days
from the declaration of calamity.
E. Other Loan Provisions
1. The calamity loan and MPL shall be treated as separate and distinct from each other. Hence, the member
shall be allowed to avail of an MPL while he still has an outstanding calamity loan and vice versa. Application
for loans on these two programs shall be governed by their corresponding guidelines. The outstanding loan
balance of the MPL shall not be deducted from the proceeds of the calamity loan.
2. In no case shall the aggregate STL exceeds 80% of the borrower’s TAV.
3. Should another calamity occur in the same area, a borrower may renew his calamity loan anytime. The
outstanding balance of his existing loan, together with any accrued interests, penalties and charges, shall be
deducted from the proceeds of the new calamity loan.
4. In the event of membership termination prior to loan maturity, the outstanding balance shall be deducted from
the borrower’s TAV, and/or any amount due him or his beneficiaries in the possession of the Fund. In case of
borrower’s death, the outstanding balance shall be computed up to the date of death. Any payments received
after death shall be refunded to the borrower’s beneficiaries.
5. Offsetting of the borrower’s outstanding calamity loan balance against his TAV shall be effected immediately
upon approval of the borrower’s request; provided, such request is based on any of the following justifiable
reasons and has been verified by the Fund: Borrower’s unemployment; Illness of the borrower or any of his
immediate family members as certified by a licensed physician that, by reason thereof, resulted in his failure
to pay the required amortizations when due; or death of any of his immediate family members that, by reason
thereof, resulted in his failure to pay the required amortizations when due.
6. If TAV offsetting has been effected on the borrower’s defaulting calamity loan, he may apply for a new calamity
loan provided he has paid at least 6 monthly amortizations prior to default and its consequent offsetting against
the borrower’s TAV. However, if he has paid less than 6 monthly amortizations prior to default, he may apply
for a new loan only after two (2) years from the date of TAV offsetting.