The Home Development Mutual Fund (Pag-IBIG Fund) has made available two programs aimed at giving its members relief in paying their Pag-IBIG loans: the automatic grace period on such payments in accordance with the Bayanihan to Heal As One Act and its three-month moratorium program on all loans. Made available in mid-March, the program offers a three-month payment extension on loan payments that fall due from March 16 to June 15, 2020 without incurring penalties and other charges. Applications to this program can be filed online, with members needing only to provide their Pag-IBIG Housing Loan account number for those with home loans, or their Pag-IBIG Membership ID number for those with Multi-Purpose or Calamity loans. “We have also made the application process for our moratorium program safe and easy, as members may apply online through our Virtual Pag-IBIG portal,” he added. “Patuloy pong makakaasa ang aming mga miyembro na kami sa Pag-IBIG Fund ay makakasama nila, lalo na sa pahanon ng krisis (Our members can continue to expect the Pag-IBIG Fund to be with them, especially in times of crisis).”

Source: Manila Times May 08, 2020 17:35 UTC