[Latest News][6]

2016
Achievers
Advisory
Agriculture
Albay
Albay News
Announcements
Banner
Bicol
Bicol Express
bicol local news
bicol local newspaper
Bicol News
bicol news latest
Bicol Songs
Bicol Vigilantes
Bicolana beauties
Bicolano achievers
Bikol news
Binibining Pilipinas
Business
Camarines Norte
Camarines Sur
Caramoan Massacre
Case in Point
Catanduanes
Celebrations
Church
Column
Community
Contributions
Culture
Daet
Daraga
Development
Disaster
Documents
Drugs
Economy
Editorial
Education
Entertainment
Environment
Events
Feature
Features
Filipino News
Food
Food Trip
Government
Headlines
Health
Human Interest
Infographics
Infrastructure
Iriga
Iriga City
Isipon Osipon
Jobs
Jokes
Kantang suanoy
Legazpi
Legazpi City
Letters
Libmanan
Lifestyle
Ligao City
Live
Masbate
masbate city
mayon
MayonPH
Media
Mining
Modelo Bikolano
Nabua
Naga
Naga City
Nagueno
Nation
National
News
News Bullets
OFW
Opinion
Oragon
Orgullo
Palarong Bicol 2014
Palarong Bicol 2015
Penafrancia
Penafrancia 2014
Photos
Places
PNR
Police
Police Report
Politics
Polls
Power
Power Watch
Rawitdawit
Region
Science
Sorosgon
Sorsogon
Sorsogon City
Sorsoson
Special
Sports
Tabaco City
Tigsik
Tips
Tourism
Trending
Trivia
Videos
virac
Weather
Weekly Roundup
Who reads Bicol Standard
Willy Bayola
World
Youth

How to apply for a calamity loan

Briefer: How to Apply for a Calamity Loan

Section 16 of Republic Act 10121 gives the power to declare an area or areas under a State of Calamity to the President of the Philippines or to the Local Government Units upon the recommendation of the National Disaster Risk Reduction Management Council (NDRRMC) or their local counterparts known as the Local Disaster Risk Reduction Management Council (LDRRMC), respectively.

Once under State of Calamity, citizens of that area are granted the opportunity to apply for a loan, from the government, without interest. The following is the process of applying for calamity loans:

Government Service Insurance System (GSIS)–Emergency Loan Qualifications

Any GSIS member who
Is in active service and not on leave of absence without pay
Has no pending criminal or administrative charges
Has no missing/overdue debts in their monthly contributions
Has no loan that has been declared in default
Is a resident or government employee in an area under State of Calamity


Process Via GSIS Wireless Automated Processing System (G-W@PS)
Borrower will bring their eCard Plus to any GSIS servicing office which has a G-W@PS kiosk installed
Using the G-W@PS, the borrower must select “Emergency Loan” from the “Loan” menu and follow the steps provided to complete the transaction

Via Office Application
Borrower will fill up an application form at any GSIS office


Loan Terms


The loan is payable in 3 years or 36 monthly installments. The loan bears an interest rate of 6% per annum. A loan computation and monthly amortization will be presented to borrowers upon loan application. If the emergency loan is renewed, the balance of the outstanding loan will be deducted from the proceeds of the new loan. For inquiries and details, call the GSIS Contact Center at (02) 847-4747 or visit your nearest GSIS branch.

Home Development Fund (Pag-IBIG)–Calamity Loan Qualifications


Any Pag-IBIG member who
Has made at least 24 monthly savings
Has made at least 5 monthly savings in the last 6 months
Resides in an area under State of Calamity


Process and Requirements


The borrower must submit the following to any Pag-IBIG office:
Calamity Loan Application Form*
Photocopy of at least 2 valid IDs
Proof of Income
Declaration of Being Affected by Calamity* (for formally employed members)

[*Documents are available at www.pagibigfund.gov.ph and Pag-IBIG offices]

Loans may be filed within 90 days from the declaration of State of Calamity.

Loan Amount

Members can borrow up to 80% of their Total Accumulated Value (TAV) subject to the terms and conditions of the program. Calamity Loan Interest rate is 5.95% per annum. The loan is amortized over 24 months, with a grace period of 3 months. Paying period begins on the 4th month following their check date.

For inquiries and details, please contact (02) 724-4244 or visit your nearest Pag-IBIG branch.

Social Security System (SSS)


In the occurrence of a disaster, SSS will decide and announce a calamity relief package for members to apply for. For example, the following loan packages were given to applicant-victims of the recent 7.2 earthquake in Bohol and Cebu:
Direct House Repair and Improvement Loan with a reduced interest rate
Early renewal of salary loans
Advanced SSS pensions for retirement, disability, and survivorship

For inquiries and more information, contact the SSS 24-hour call center at (02) 920-6446 to 55, Monday to Friday, or send an e-mail to member_relations@sss.gov.ph.

Bicol Standard

Bicol news

Start typing and press Enter to search