Quantcast
Latest Stories

Pag-IBIG members affected by ‘Labuyo’ may apply for loans—Binay

By

Vice President Jejomar Binay: Trumping the President. INQUIRER FILE PHOTO

MANILA, Philippines — Members of the Home Development Mutual (Pag-IBIG) Fund affected by Typhoon “Labuyo” may apply for calamity loans under a deferred-payment scheme as they begin rebuilding after the storm, Vice President Jejomar Binay said Tuesday.

Binay, the Pag-IBIG chairman, said Tuesday that Pag-IBIG members residing in areas declared under a state of calamity may avail themselves of a loan amounting to 80 percent of their total savings.

The loan is payable in 24 months at 5.95-percent annual interest, but members may seek to defer their first payment for three months, Binay’s office said Tuesday.

“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 in a statement.

The towns of Dilasag, Dinalungan and Casiguran in Aurora, Masinloc in Zambales and the entire Quirino province have been declared under a state of calamity by their respective local officials following devastation by Labuyo on Monday.

Binay said members who wish to apply for a loan should bring with them proof they reside in the said localities in filing their application form.

Pag-IBIG President Darlene Marie Berberabe said the agency will also deploy mobile offices to the calamity areas to bring services closer to typhoon-hit families.

Applications may be filed within three months from the time a town was declared under a state of calamity.

Two months ago, Pag-IBIG released P34.2 million in loans to some 3,000 members in North Cotabato following a damaging earthquake. The agency is also currently processing applications from members affected by flooding in Cotabato City, Maguindanao and Sultan Kudarat.


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


More Philippine Weather News

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Calamity Loan , Housing , Jejomar Binay , Mutual Fund , Pag-Ibig Fund , Typhoon Labuyo , Weather




Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. 12 senators on Napoles ‘pork’ list, says Lacson
  2. Save the queen? Aide takes fall for Enrile, Gigi Reyes
  3. Palace prepared to charge its allies
  4. Senator’s kickback from pork bigger than those of Enrile, Estrada, Revilla – Lacson
  5. Napoles turnaround alarms whistle-blowers
  6. What Went Before: Malacañang allies alleged involvement in pork scam
  7. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  8. Timeline: Napoles tell-all
  9. HK apology: Why Estrada and not Aquino?
  10. Cedric Lee’s cohort flies out of PH despite look-out order – De Lima
  1. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  2. 12 senators on Napoles ‘pork’ list, says Lacson
  3. Gigi Reyes pins blame on aide
  4. Estrada: Gigi Reyes won’t testify vs JPE
  5. Bernice Lee arrested by NBI team
  6. Enrile chief aide back in PH ‘to face charges’
  7. Cedric Lee’s cohort flies out of PH despite look-out order – De Lima
  8. Suspect in Vhong Navarro’s mauling wants to turn state witness – De Lima
  9. Reckless driver endangered lives of Aquino, entourage–report
  10. Lawyer: Napoles ‘will tell all’
  1. MRT passengers pass the hat for 6-year-old Ashley
  2. Rookie, lady cops lauded for quick response to MOA heist
  3. Napoles spills beans on Enrile, Estrada, Revilla – De Lima
  4. Malaysia averts another air tragedy; pilot lands troubled plane safely
  5. Revilla says he was joking; Lacson stands by his story
  6. Revilla ‘consulted’ Lacson on how he evaded arrest
  7. 12 senators on Napoles ‘pork’ list, says Lacson
  8. Gigi Reyes pins blame on aide
  9. Cudia, dismissed for lying, got 99% in conduct
  10. Kim Henares needs a reprimand, says Cayetano
Advertisement

News

  • Smooth Edsa ride up in 2 years, but…
  • Obama: US will defend Japan vs China
  • Santiago accuses Lacson of fronting for Enrile, Gigi Reyes
  • Name names, Lacson told
  • Ukraine FM: We are ready to fight Russia
  • Sports

  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • NLEX roars to 7th D-League win
  • Lifestyle

  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Denims that keep you cool–literally
  • Entertainment

  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • OMB exec’s assurance: We work 24/7
  • Business

  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Gaming stocks gain, PSEi eases on profit-taking
  • Cebu Pacific flew 3.74M passengers as of March
  • Corporate bonds sweeteners
  • Technology

  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • HK victims to get P115M; traders raised money
  • Afghan hospital guard kills 3 American doctors
  • Career diplomat is new PH consul general in Los Angeles
  • US4GG: Aquino should ask Obama for TPS approval, drone technology
  • Complex health care system for California’s elderly and poor explained
  • Marketplace
    Advertisement