QUALIFIED Pag-IBIG Fund members can now borrow up to P10,000 as cash aid through the Special Assistance for Financial Emergencies or SAFE Loan amid the continuing effects of the Middle East war, its top officials said on Tuesday.
Pag-IBIG Fund CEO Marilene Acosta said the SAFE Loan would allow qualified members to get quick and affordable cash assistance for urgent needs, giving them a safe alternative to high-interest loans.
Acosta said in a statement that the SAFE Loan was made simple and easy to access for members who can apply with greater convenience and receive their loans quickly once approved.
“They may apply through Virtual Pag-IBIG or at any Pag-IBIG Fund branch, and the loan proceeds may be credited directly to their Pag-IBIG Loyalty Card Plus,” she said.
“Its low interest rate, flexible payment terms, and three-month grace period before the first payment make it a more affordable option than many other cash loan options available elsewhere,” she added.
Monthly payments for the amount of P10,000 would be as low as P308, giving members a manageable way to address urgent needs without resorting to high-interest loans.
“Pag-IBIG Fund is built on the savings and trust of its members. When members borrow responsibly and pay on time, they help keep our programs available so we can continue providing affordable assistance to more Filipino workers and their families,” the Pag-IBIG chief executive said.
Housing Secretary Jose Ramon Aliling said the government continues to help Filipino families manage the effects of developments abroad and the SAFE Loan is another way for Pag-IBIG Fund to provide practical assistance to its members.
Aliling, who also chairs Pag-IBIG’s board of trustees, said the assistance forms part of its continuing support for Filipino workers and their families in line with President Ferdinand Marcos Jr.’s directive to extend help to Filipinos during times of need.
The SAFE Loan also forms part of Pag-IBIG Fund’s broader response to the effects of the situation in the Middle East, following the special benefits package earlier extended to repatriated overseas Filipino workers (OFW) members, Aliling said.
“Now, we are also providing added support to qualified members here at home who may feel the effects through their daily expenses. Pag-IBIG Fund is here to provide help that is practical, affordable and within reach,” according to the DHSUD chief.
Acosta said that under the SAFE Loan, qualified members, who can file their applications until Sept. 8, 2026, may borrow up to P10,000 or up to 90 percent of their total Pag-IBIG Regular Savings, whichever is lower.
The loan carries an interest rate of 5.95 percent per annum and may be paid over one, two or three years, depending on the member’s preferred repayment term, Pag-IBIG said.
