MANILA Government housing agency Pag-IBIG fund is setting up satellite offices in Metro Manila and other provinces in Luzon to accommodate the expected surge of application for calamity loans by its members.
Vice President Jejomar Binay, concurrent chairman of Housing and Urban Development Coordinating Council which administers Pag-IBIG Fund, also said Pag-IBIG members from disaster-hit areas may borrow as much as 80 percent of their total contributions at an interest rate of 5.95 percent.
The loan shall be amortized in 24 months with a grace period of three months.
Those who want to avail themselves of the loan should bring a duly accomplished Pag-IBIG Calamity Loan Application Form, signed and certified by the employer, and two identification cards.
The mobile offices will be set up in Robinsons Malls in Galleria in Ortigas and in Manila; Metro East in Pasig; Novaliches; Imus and Dasmariñas in Cavite; Sta. Rosa in Laguna; and Starmills in San Fernando, Pampanga.
Satellite offices will also be established in the city or municipality halls of Caloocan, Malabon, Valenzuela and Navotas.
In Cavite, Pag-IBIG members may apply for calamity loans in mobile desks in Naic Municipal Hall on August 10 and in Ternate Municipal Hall on August 13, he said.
The Cavite branch of Pag-IBIG has been receiving 1,000 applications for calamity loans a day since 14 towns were declared under state of calamity last week.
Our goal is to provide immediate assistance to those affected by the disaster. Through the satellite offices, their applications for calamity loan can be fast-tracked, Binay said.
In Laguna, loan applications may be processed in San Pablo City Hall and in Laguna Provincial Capitol in Sta. Cruz.
Pag-IBIG members in Bulacan may go to the provincial capitol in Malolos for their loan applications.
Most Pag-ibig branches in the affected areas are open, said Pag-IBIG President and CEO Darlene Berberabe.
Eight cities in the National Capital Region, five provinces and 12 cities and municipalities have been declared under state of calamity after typhoon Gener struck last week.
A few days after, a southwest monsoon reinforced by tropical storm Haikui pounded Luzon this week with heavy rains, bringing flash floods and landslides.
Thousands of families in affected areas of Metro Manila and in the provinces have sought shelter in various evacuation centers even as the torrential rains have subsided and floods in some districts have receded. (PNA)