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MANILA, Philippines — The Pag-IBIG Fund has disbursed P5.82 billion under its emergency loan facility as of July 22 to help members cope with financial pressures from the Middle East war.
In a statement, the state-run housing lender said 803,769 members availed themselves of its Special Assistance for Financial Emergencies (SAFE) Loan within six weeks of its June 10 launch.
READ: Pag-Ibig rolls out P10K emergency loan amid ME war fallout
Under the program, qualified members may borrow up to P10,000 or 90 percent of their total Pag-IBIG savings, whichever is lower. The loan carries a 5.95-percent annual interest rate, offers repayment terms of up to three years, and includes a three-month grace period before monthly payments begin.
