HOME Development Mutual Fund (Pag-ibig) Dubai, UAE announced last August 15 the opening of its calamity fund for all the victims of typhoon Labuyo, according to Lowella C. Recto, Information Officer of HDMF Dubai.
This announcement was made after Vice President of the Philippines and Pag-ibig Chairman Jejomar Binay issued a press release last August 12 that the calamity loan is available to all Pag-ibig members affected by said typhoon. Areas declared under state of calamities are the province of Cavite; Casiguran, Aurora; Masinloc, Zambales and province of Quezon. Period of filing of loans is from August 12 to 11 November 2013.
In addition to the OVP Media press release, Binay said Pag-IBIG members residing in areas declared under a state of calamity are entitled to a calamity loan equivalent to 80% of their savings in the Fund.
The loan is payable over a period of 24 months at an interest rate of 5.95% per annum. Members availing of the calamity loan also have the option to defer their first payment up to three months from the release of the loan and pay their first monthly amortization on the fourth month.
“By giving them the choice to defer the payment, we can help ease the burdens of our kababayans living in typhoon-prone areas and those hit by other natural calamities,” Binay said.
“This is the Fund’s way of showing continuing concern for its members, and its way of helping out its members during their times of need,” he added.
Binay said members who were affected by the recent typhoon only need to submit their application for Calamity Loan together with two valid IDs at any of its branches. The application forms may be downloaded from the Pag-IBIG website or requested at the branches.
“Siguraduhin lamang po natin na ang address na nakasulat sa mga dala nating ID ay yung mga lugar na nakapagdeklara na ng state of calamity,” Binay added.
Meanwhile, Pag-IBIG President Darlene Marie Berberabe said once declarations of a state of calamity are made by the appropriate local government offices and as soon as weather permits, Pag-IBIG will also be deploying mobile offices in affected areas to receive members’ applications for calamity loans.
Berberabe added that Pag-IBIG will accept applications for calamity loan up to 90 days from the time the area is declared under state of calamity.
In Dubai, Recto said that the Pag-ibig extension branch located inside POLO/OWWA will assist in the processing of the calamity fund for the victims whose immediate family members are residing in the UAE but the releasing of the loans will be done in the different mobile Pag-ibig offices Philippines. Applicant must comply with the requirements that the victim must be a bona fide resident of the area declared under state of calamity and must be an active member of Home Development Mutual Fund. Period of filing is from August 12 to November 11.
Further, she encouraged our countrymen to start filing or continue in their payment of their remittances so that they can avail of the different programs of Pag-ibig like the multi-purpose loan, housing loan and particularly in this trying times the calamity loan. She further stated that our Filipino brothers and sisters need not worry because there are a lot of Pag-ibig remittance centers throughout the UAE eg. Al Ansari Exchange, Al Rostamani International Exchange, Al Ghurair International Exchange and so forth. For more information, kabayans are advised to visit their website www.pagibigfund.gov.ph or call hotline 0567285143 or 042207221.