HQP-SLF-002

CALAMITY LOAN (V06, 06/2017)

APPLICATION FORM Pag-IBIG MID No./RTN APPLICATION No.

(To be filled out by applicant. Print this form back to back on one single sheet of paper)
Type or Print Entries
LAST NAME FIRST NAME NAME EXTENSION (e.g., Jr., II) MIDDLE NAME MAIDEN MIDDLE NAME DATE OF BIRTH PLACE OF BIRTH
(For married women)

MOTHERS MAIDEN NAME NATIONALITY SEX MARITAL STATUS CITIZENSHIP EMAIL ADDRESS
Male Single Widower Annulled
Female Married Legally Separated
PRESENT HOME ADDRESS Unit/Room No., Floor Building Name Lot No., Block No., Phase No. House No. Street Name CELL PHONE NUMBER (Required) HOME TEL. NUMBER

Subdivision Barangay Municipality/City Province/State/Country (if abroad) ZIP Code APPLICANTS TAXPAYER SSS/GSIS No.
IDENTIFICATION NUMBER (TIN)

PERMANENT HOME ADDRESS Unit/Room No., Floor Building Name Lot No., Block No., Phase No. House No. Street Name BUSINESS TEL. NUMBER NATURE OF WORK

Subdivision Barangay Municipality/City Province/State/Country (if abroad) ZIP Code DATE OF EMPLOYMENT EMPLOYEE ID NUMBER

EMPLOYER/BUSINESS NAME NAME OF TYPHOON/CALAMITY DESIRED LOAN AMOUNT

EMPLOYER/BUSINESS ADDRESS Unit/Room No., Floor Building Name Lot No., Block No., Phase No. House No. Street Name LOAN PURP-OSE
Non-Housing Related Housing Related
Home Enhancement House Repair
Subdivision Barangay Municipality/City Province/State/Country (if abroad) ZIP Code Tuition/Educational Expense Minor home improvement
Health and Wellness
Livelihood Others, specify _______________
PREVIOUS EMPLOYMENT DETAILS FROM DATE OF Pag-IBIG MEMBERSHIP (Use another sheet if necessary)

EMPLOYER/BUSINESS NAME EMPLOYER/BUSINESS ADDRESS FROM (mm/yy) TO (mm/yy)

SIGNATURE OF APPLICANT PAYROLL ACCOUNT/DISBURSEMENT CARD/PACKAGE UNIT ID

In the event of the approval of my application for Calamity Loan, I hereby authorize Pag-IBIG
Fund to credit my loan proceeds through my Payroll Account/Disbursement Card that I have
NAME OF BANK/BRANCH
indicated on the right portion.

APPLICATION AGREEMENT
In consideration of the loan that may be granted by virtue of this application subject to the pertinent provisions of the This office agrees to collect the corresponding monthly
Implementing Rules and Regulations of Pag-IBIG Fund, I hereby waive my rights under R.A. No. 1405 and authorize amortization on this loan and the MS of herein applicant
Pag-IBIG Fund to verify/validate my payroll account/disbursement card. Furthermore, I hereby authorize my present through salary deduction, together with the employer
employer, ______________________________________________________________________________ or any counterpart, and remit said amounts to Pag-IBIG Fund on or
employer with whom I may get employed in the future, to deduct the monthly membership savings (MS) and monthly before the 15th day of each month, for the duration that the loan
amortization due from my salary and remit the same to Pag-IBIG Fund. If the resulting monthly net take home pay after remains outstanding. However, should we deduct the monthly
deducting the computed monthly amortization on Calamity Loan falls below the monthly net take home pay as required under amortization due from the applicants salary but failed to remit it
the GAA/company policy, I authorize Pag-IBIG Fund to compute for a lower loanable amount. on due date, this office agrees to pay the corresponding
penalty charged to applicant equivalent to 1/20 of 1% of any
I understand that should I fail to pay the monthly amortization due, I shall be charged with a penalty of 1/20 of 1% of any unpaid amount for every day of delay and penalty for non-
unpaid amount for every day of delay. remittance equivalent to 1/10 of 1% per day of delay of the
If for any reason excess loan proceeds are erroneously credited to my payroll account/disbursement card, I hereby amount payable from the date the loan amortization or
authorize Pag-IBIG Fund to debit/deduct the excess amount from my account without need of further notice of demand. payments fall due until paid.
Should my account balance be insufficient, the Fund has the right to demand for the excess amount to be refunded.
I authorize Pag-IBIG Fund to disclose, submit, share or exchange any of my account information to legal and government _________________________________________
regulating agencies, other banks, merchant partners or third party in accordance with R.A. No. 9510 and other related or HEAD OF OFFICE OR AUTHORIZED SIGNATORY
pertinent laws and regulations. The credit information may also be transferred to service providers (e.g., Credit Information (Signature over Printed Name)
Corporation, Bankers Association of the Philippines - Credit Bureau), likewise in accordance with laws and regulations.
________________________________________________
I certify that the information given and any or all statements made herein are true and correct to the best of my knowledge DESIGNATION
and belief. I hereby certify under pain of perjury that my signature appearing herein is genuine and authentic.

______________ _______________ ______________

___________________________________ Pag-IBIG AGENCY CODE BRANCH CODE
Signature of Applicant over Printed Name EMPLOYER ID NO.
PROMISSORY NOTE
For value received, I promise to pay on due date without need of demand to the order of 5. I shall be considered in default in any of the following cases:
Pag-IBIG Fund with principal office at Petron MegaPlaza, 358, Sen. Gil Puyat Avenue., City of a. Any willful misrepresentation made in any of the documents executed in relation hereto;
Makati the sum of Pesos: b. Failure to pay any three (3) consecutive monthly amortizations;
c. Failure to pay any three (3) consecutive monthly mandatory savings;
(P_______________) Philippine Currency, with an interest at the rate of 5.95% for the entire d. Violation of any of the membership/STL/housing loan policies, rules, regulations and guidelines
duration of the loan including the grace period. of Pag-IBIG Fund.
6. In the event of default, the outstanding loan obligation shall become due and demandable and
I hereby waive notice of demand for payment and agree that any legal action, which may arise shall be deducted from the Total Accumulated Value (TAV) after exerting all collection efforts.
in relation to this note, may be instituted in the proper court of Makati City. However, immediate offsetting of my outstanding Calamity Loan obligation may be effected
immediately upon approval of my request, provided such request is based on the following
Finally, this note shall likewise be subject to the following terms and conditions: justifiable reasons and upon validation by the Fund: Borrowers unemployment; illness of the
1. I shall pay the amount of Pesos: _______________________________ member-borrower or any of his immediate family members as certified by a licensed physician
(P_______________) through salary deduction, whenever feasible, over a maximum that, by reason thereof, resulted in his failure to pay the required monthly amortization when
period of 24 months, with a grace period of three (3) months. In case of suspension from due; or death of any of his immediate family members that, by reason thereof, resulted in his
work, leave of absence without pay, insufficiency of take home pay during the term of the failure to pay the required monthly amortization when due.
loan, payments should be made directly to the Pag-IBIG Fund office where the loan was 7. In the event of membership termination prior to loan maturity, any outstanding loan balance,
released. including the unpaid interest, penalties and charges, shall be deducted from my TAV and/or
2. Payments are due on or before the 15 th day of the month starting on any amount due to my beneficiaries in the possession of the Fund. In case of my death, the
_________________________ and 23 succeeding months thereafter. outstanding obligation shall be computed up to the date of death. Any payment received after
3. Payments shall be applied according to the following order of priorities: Penalties, Interest date of death, shall be refunded to my beneficiaries.
and Principal. 8. In case of falsification, misrepresentation or any similar acts committed by me, Pag-IBIG Fund
4. A penalty of 1/20 of 1% of any unpaid amount for every day of delay shall be charged to shall automatically suspend my loan privileges indefinitely. I shall abide with all the applicable
me. rules and regulations governing this lending program that Pag-IBIG Fund may promulgate from
Signed in the presence of: time to time.

___________________________________ __________________________________ __________________________________

Witness Witness Signature of Applicant over Printed Name
(Signature over Printed Name) (Signature over Printed Name)

AUTHORITY TO DEDUCT (Optional)

In case of retirement/separation from employment, I hereby authorize my employer to deduct any outstanding Calamity Loan balance from my SIGNATURE OF APPLICANT
retirement or separation benefits to fully settle my loan obligation. In the event that my retirement/separation benefits is not sufficient to settle the
outstanding balance of my Calamity Loan or my employer fails for whatever reason, to deduct the same from said retirement/separation benefits,
I hereby authorize Pag-IBIG Fund to apply whatever benefits are due me from the Fund to settle the said obligation.
THIS PORTION IS FOR Pag-IBIG FUND USE ONLY
CLAIM/HOUSING LOAN/STL VERIFICATION
PARTICULARS WITH WITHOUT DV/CHECK / APPLICATION / P.N./AGREEMENT NO. DATE FILED VERIFIED DATE
CLAIMS
HOUSING LOAN
MULTI-PURPOSE LOAN (MPL)
CALAMITY LOAN
RECEIVED BY DATE REVIEWED BY DATE APPROVED/DISAPPROVED BY DATE

THIS FORM CAN BE REPRODUCED. NOT FOR SALE

 HQP-SLF-002
GUIDELINES AND INSTRUCTIONS (V06, 06/2017)
A. Who May File
Any Pag-IBIG Fund member who satisfies the following requirements may apply for a Calamity Loan:
CERTIFICATE OF NET PAY 1. Has made at least twenty-four (24) monthly savings (MS);
A member who has withdrawn his MS due to membership maturity, or who has optionally withdrawn his
MS, cannot avail a calamity loan unless and until after he has subsequently paid 24 MS following the
month of said withdrawal.
A member who does not meet the required 24 MS may nevertheless, be allowed to avail of a calamity loan
if his total saving is at least equivalent to 24 MS, at the rate applicable to him.
2. Has made at least one (1) MS for the last six (6) months as of month prior to date of loan application;
3. If with existing Pag-IBIG Housing Loan, the account must not be in default as of the date of application;
4. If with existing MPL/Calamity Loan, the account must not be in default as of date of application;
5. Is a resident of the area which is declared calamity-stricken; and
NAME OF BORROWER 6. Has sufficient proof of income.
B. Availment Period
For the month of: _________________ The Pag-IBIG member-victim must avail himself of the Pag-IBIG calamity loan within a period of ninety (90) days
from the declaration of calamity.
C. How to File
The applicant shall:
1. Secure the Calamity Loan Application Form (CLAF) from any Pag-IBIG Fund NCR/Regional Branch.
Basic Salary _________________ 2. Accomplish 1 copy of the application form.
3. For releasing of loan proceeds through Payroll Account/Disbursement Card, attach photocopy of payroll
account/disbursement card/deposit slip (for newly-opened account).
Add: Allowances 4. Submit accomplished application, together with the required documents to any Pag-IBIG Fund Branch.
Processing of loans shall commence only upon submission of complete documents.
_____________________ __________ D. Loan Features
1. Loan Amount
A qualified Pag-IBIG member shall be allowed to borrow an amount based on the lowest of the following:
_____________________ __________ 1.1 Desired Loan Amount
1.2 Loan Entitlement
The loan entitlement shall be equivalent to eighty percent (80%) of TAV. However, if the borrower has an
_____________________ __________ existing MPL, the loanable amount shall be the difference between 80% of the borrowers TAV and the
outstanding balance of his MPL.
1.3 Capacity to Pay
_____________________ __________ The loanable amount shall be limited to an amount which will not render the borrowers Net Take Home
Pay (NTHP) to fall below the minimum requirement as prescribed by the General Appropriation Act
(GAA) or company policy, whichever is applicable.
_____________________ __________ 2. Interest Rate
The loan shall be charged interest rate of 5.95% for the entire duration including the grace period.
3. Loan Term
_____________________ __________ The loan shall be repaid over a maximum period of twenty-four (24) months, with a grace period of three (3)
months.
4. Loan Release
The loan proceeds shall be released through any of the following modes:
a) Crediting to the borrowers disbursement card;
Gross Monthly Income __________ b) Crediting to the borrowers bank account through LANDBANKs Payroll Credit Systems Validation
(PACSVAL);
c) Check payable to the borrower. However, when the check remains unclaimed for a period of thirty (30)
days from the DV/Check date, the said loan shall be cancelled and the loan shall be reversed.
d) Other acceptable modes of disbursement.
Less: Deductions
5. Loan Payments
5.1 The loan shall be repaid in equal monthly payments in such amounts as may fully cover the principal
_____________________ __________ and interest over the loan period. Said amortization shall be made, whenever feasible, through salary
deduction.
5.2 For self-employed individuals, OFWs or other types of individual payors, monthly payments shall be
paid over-the-counter or any other modes of payment approved by the Fund.
_____________________ __________ 5.3 Payments shall be remitted to the Fund on or before the fifteenth (15th) day of each month starting, on
the fourth (4th) month following the date on the DV/check or manual disbursement voucher.
5.4 If the due date falls on a non-working day, the monthly amortization shall be paid on the first working
_____________________ __________ day after the due date.
5.5 The borrower may fully pay the outstanding balance of the loan prior to loan maturity.
5.6 The borrower shall pay directly to the Fund in case the borrower is unable to pay through salary
_____________________ __________ deduction for any of the following circumstances:
a. Suspension from work;
b. Leave of absence without pay;
_____________________ __________ c. Insufficiency of take home pay at any time during the term of the loan; or
d. Other circumstances analogous to the foregoing.

_____________________ __________ 6. Penalty

A penalty of 1/20 of 1% of any unpaid amount shall be charged to the borrower for every day of delay. For
borrowers paying through salary deduction, penalties shall only be reversed upon presentation of proof that
non-payment was due to the fault of the employer. In such case, penalties due from the borrower shall be
charged to the employer.

7. Application of Payments
Total Deductions __________ 7.1 Payments shall be applied according to the following order of priorities:
a. Penalties; if any
b. Interest; and
c. Principal
7.2 Any amount in excess of the required monthly amortization shall be applied to future amortizations
Net Monthly Incomeday of _________, when due.
Issued this _______ __________
20__.
8. Default
I certify under pain of perjury that the above- The borrower shall be in default in any of the following cases:
mentioned information is true and correct. a. Any willful misrepresentation made by the borrower in any of the documents executed in relation hereto.
b. Failure of the borrower to pay any three (3) consecutive monthly amortizations.
c. Failure of the borrower to pay any three (3) consecutive MS.
d. Violation by the borrower of any of the membership/STL/housing loan policies, rules, regulations and
guidelines of Pag-IBIG Fund.
___________________________________________ E. Other Loan Provisions
HEAD OF OFFICE/AUTHORIZED SIGNATORY 1. The Calamity Loan and MPL programs shall be treated as separate and distinct from each other. Hence, the
(Signature over printed name) member shall be allowed to avail of a Calamity Loan while he still has an outstanding MPL, and vice versa.
Application for loans on these two programs shall be governed by their corresponding guidelines. In no case,
Issued this _______ day of _________, 20__. however, shall the aggregate short-term loan exceed eighty percent (80%) of the borrowers TAV.
I certify under pain of perjury that the above- 2. For borrowers with existing MPL at the time of availment of a Calamity Loan, the outstanding loan balance of
the MPL shall not be deducted from the proceeds of the Calamity Loan.
mentioned information is true and correct. 3. Should another calamity occur in the same area, a borrower may renew his Calamity Loan anytime. The
outstanding balance of his existing loan, together with any accrued interests, penalties and charges, if any,
shall be deducted from the proceeds of the new calamity loan.
4. Offsetting of the borrowers outstanding Calamity Loan obligation against his TAV shall be effected
___________________________________________ immediately upon approval of the borrowers request; provided, such request is based on any of the
following justifiable reasons and has been verified by the Fund: Borrowers unemployment; Illness of the
HEAD OF OFFICE/AUTHORIZED SIGNATORY member-borrower or any of his immediate family members as certified by a licensed physician that, by
(Signature over printed name) reason thereof, resulted in his failure to pay the required amortizations when due; Death of any of his
immediate family members that, by reason thereof, resulted in his failure to pay the required amortizations
when due.
5. If TAV offsetting has been effected on the borrowers defaulting Calamity Loan, he may apply for a new
Calamity Loan subject to the following conditions:
If the borrower has paid at least six (6) monthly amortizations prior to default and its consequent offsetting
against the borrowers TAV, the borrower may immediately apply for a new loan subject to the eligibility
criteria.
If the borrower has paid less than six (6) monthly amortizations prior to default and its consequent
offsetting against the borrowers TAV, the borrower may apply for a new loan only after two (2) years from
date of TAV offsetting and subject to the eligibility criteria provided in these guidelines.