One less thing to worry about
The Pag-IBIG fund is the latest corporation that is lending a hand to ordinary Filipinos that are affected by the enhanced community quarantine of Metro Manila. It has just announced that it’s extending a three-month moratorium to its member-borrowers to aid in the government’s fight to halt the spread of the COVID-19 virus.
“President Duterte is exerting all efforts to lead the nation in fighting the coronavirus. Pag-IBIG Fund supports the President’s efforts and understands the plight of its members in these challenging times. Our Board of Trustees saw this as an urgent measure and immediately voted for the grant. This moratorium will help alleviate our members’ worries so that they could focus on providing for the basic necessities and safety of their families,” said Pag-IBIG Fund Chairman and Department of Human Settlements and Urban Development Secretary Eduardo D. del Rosario.
Eligible to apply for the moratorium are Pag-IBIG Fund Housing Loan, Multi-Purpose Loan, and Calamity Loan borrowers with payments due on March 16, 2020, until June 15, 2020. Presently, only those residing in Luzon and in the National Capital Region can avail of the offer.