Pag-IBIG Fund members can now digitally apply for loan: Here’s how
Robie de Guzman • March 23, 2020 • 1886
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.
The Philippine National Police (PNP) will implement a 50-50 work scheme among personnel who are based at the national headquarters in Camp Crame.
This is due to the rising number of PNP personnel who have become patients under investigation (PUI) and persons under monitoring (PUM) of the coronavirus disease (COVID-19) threat.
The 50-50 work scheme would use 50 percent or the first batch of personnel to go on duty at the administrative office until April 19 while the second batch will go on duty from April 20 to May 3.
According to a memorandum issued on April 4, the heads of offices/units with essential functions shall determine the work scheme applicable to the personnel, as long as they should observe a 14-day self-quarantine/isolation as part of the PNP’s health protocol.
“Maaaring magpatupad sila ng kani-kanilang scheduling para hindi naman maapektuhan ang ating normal functions,” said PNP Spokesperson Bernard Banac.
Meanwhile, police personnel who are aged 45 years old and above will have to be pulled out from the checkpoint areas.
“Mas vulnerable sila sa COVID-19 (They are more vulnerable to COVID-19),” Banac said.
The PNP will also launch Admin Support to COVID-19 Task Force (ASCoTF) to ensure an organized and speedy logistics, response, and development of frontliners.
The PNP has already recorded 19 police personnel that tested positive for COVID-19 with two deaths.
The total number of persons under monitoring (PUMs) in the PNP has already reached more than 1,300. — AAC (with reports from Lea Ylagan)
British Prime Minister Boris Johnson was in hospital in London on Monday (April 6) suffering persistent coronavirus symptoms 10 days after testing positive for the virus, but Downing Street said he remained in charge of the government.
Johnson, 55, had been isolating in Downing Street after testing positive for the virus last month, was taken to hospital on Sunday night because he still had a high temperature and his doctors felt he needed additional tests.
Meanwhile, Britain entered its third week in lockdown with authorities warning they will have to impose further restrictions on outdoor exercise if people continued to flout rules designed to curb transmission of the virus.
Health Secretary Matt Hancock said it was “unbelievable” to see a small minority flouting the government’s advice to maintain social-distancing.
Hancock said if people did not follow the rules, which allow people to walk, run or cycle outdoors once a day but not sunbathe, he would have to ban exercise of all forms outside the home.
He said the timetable to ease restrictions – the lockdown exit strategy – could only be agreed once the spread of the coronavirus had been brought under control.
Other European countries such as Italy and France have imposed tougher restrictions on people leaving their homes. (REUTERS CONNECT)
MANILA, Philippines – Frontline health workers will now receive an extra financial aid from the government as additional compensation for their service in the fight against coronavirus disease (COVID-19).
President Rodrigo Duterte, through Administrative Order Number 28, directed all government agencies, government-owned or controlled corporations and the local government units (LGUs) to provide public health workers with one-time COVID-19 Special Risk Allowance equivalent to 25% of their basic salary.
Those qualified for the said benefit include public health workers who are in active service under the enhanced community quarantine – regular, contractual, casual or part-time health workers; those under contract of service or job order arrangement like barangay health workers who are assigned in hospitals and other healthcare facilities.
The one-time special risk allowance will be prorated based on the number of days a health worker has served starting March 17, 2020. MNP (with details from Rosalie Coz)
UNTV is a major TV broadcast network with 24-hour programming. An Ultra High Frequency station with strong brand content that appeal to everyone, UNTV is one of the most trusted and successful Philippine networks that guarantees wholesome and quality viewing experience.