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Pag-IBIG Calamity Loan for Earthquake Victims

By Art M.
Victims of the earthquake may receive assistance from Pag-IBIG Fund which set aside P4.5 billion for calamity loans where members can avail of 80 percent of their total savings with only 5.95 percent interest. 

Pag-Ibig has installed mobile service desks located in front of the Mandaue City Hall, in Gaisano Capital Danao, at the Bogo Service Office on the second floor of J & N building in Bogo City, at the Gaisano Island Mall in Pusok, Lapu-Lapu City and at the Tagbilaran City Hall and at the Governor’s Mansion in Bohol.

Who are eligible?


  • A member who has made at least 24 monthly contributions (whether continuous or broken);
  • An active member [i.e., has made at least 5 contributions in the last 6 months as of month prior to the date of loan application]; and
  • Resides in an area which is declared by the Office of the President or the Sanggunian concerned as under a state of calamity.
If the member has an existing Housing Loan, Multi-Purpose Loan (MPL) and/or Calamity Loan, the account must not be in default as of the date of the loan application.

How much can one loan? 


Up to 80% of the eligible member’s total accumulated value (TAV, equivalent to member’s contri. plus employer’s contri. plus earned dividends).
The current interest rate is 5.95% per annum.

What is the payment period? 

The loan is amortized over a period of 24 months, with a grace period of 3 months, i.e., the eligible member has a 3-month reprieve and only starts paying on the 4th month.

Can one still loan if he/she has an outstanding MPL/calamity loan? 

Yes, but the outstanding MPL balance shall be deducted from the 80% of TAV. For example, if a member has a TAV of P10,000, the maximum loanable amount is P8,000. If the member has an outstanding MPL of P5,000, the member can only avail of calamity loan worth P3,000.

If, in addition to an outstanding MPL, the member also has an outstanding calamity loan in the amount of P2,000, in the example above, the member is still granted a new calamity loan of P3,000 but will only receive P1,000 because the P2,000 will pay off the existing calamity loan balance. This means that at any given time, a member can have both MPL and calamity loan, but only one calamity loan.

Until when can an eligible member avail of the loan?

Within a period of 90 days from the declaration of a state of calamity.

What are the documentary requirements for the loan application?

  • Completely filled-up application form (please indicate member’s identification number (MID) in the form; if none yet, submit duly accomplished Member’s Data Form with the loan application form)
  • 2 valid IDs

For further inquiries, call 5059759 or 5059761 or email at cebunorth@pagibigfund.gov.ph.






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