PUERTO PRINCESA CITY, Palawan (PIA) — The members of the Home Development Mutual Fund (Pag-IBIG Fund), who are working or residing in Puerto Princesa City can now avail themselves of the calamity loan after the city was placed under the state of calamity.
Pag-IBIG Fund Puerto Princesa Branch head Emely Platero said that they have already received the copy of the approved resolution of the Sangguniang Panlungsod, which is needed to expedite the issuance of the calamity loan.
She said that the Pag-IBIG members may apply onsite or virtually to avail a loan of up to 80 percent of their savings.
“May approved resolution na—pwede na mag-apply ng calamity loan,” Platero said in a message.
Locals in the city should apply within nine days after the declaration of state of calamity. In case that the member has an existing multi-purpose loan (MPL), the remaining loan will be deducted from the amount that will be received from the new approved loan. The approval of the loan application will take a two processing days.
The qualified members to avail the loan should have 24 monthly membership savings under the Pag-IBIG regular savings. The applicant should have an active membership by having at least one monthly membership savings within the last six months from the date of loan application.
For those who have an existing loan such as a Pag-IBIG Housing Loan, Multi-Purpose Loan, and/or Calamity Loan, their accounts must not be in default. Proof of income should also be presented.
Meanwhile, the Provincial Disaster Risk Reduction and Management Office (PDRRMO) has yet to complete the conduct of the Rapid Damage Assessment and Needs Analysis (RDANA) to assess the extent of damage and needs in Palawan.
The RDANA will help the Sangguniang Panlalawigan in determining whether a state of calamity should be declared throughout Palawan or only in the southern portion of the province.
The municipality of Narra had already placed the town under the state of calamity on February 12 after the widespread flooding in 20 barangays.
Puerto Princesa City and towns situated in the southern Palawan experienced heavy downpour brought by a shear line, which submerged houses and properties in floods. (RG/PIA MIMAROPA-Palawan)
