Thursday, August 16, 2012

PAG-IBIG Calamity Loan open to OFWs with Kin in Calamity Areas


Overseas Filipino Workers (OFWs) with families living in areas under a state of calamity may apply for the Home Development Mutual Fund’s (HDMF or Pag-IBIG Fund) calamity loan.

“All OFWs who are active members of the Pag-IBIG Fund with at least 24 months of contributions and live in areas declared under a state of calamity may access calamity loans,” Vice President Jejomar C. Binay said Wednesday.

OFWs who are currently out of the country may designate a representative to submit required documents in Pag-IBIG branches where they remit their contributions, he added.

Representatives of OFWs need a Special Power of Attorney authenticated by the Philippine Embassy in the OFW’s host country. They must also present two valid IDs.

The Vice President is the Presidential Adviser on OFW Concerns. He is also the chairman of the Housing and Urban Development Coordinating Council (HUDCC) and of the Pag-IBIG Board of Trustees.

Binay was set to visit Pag-IBIG Fund’s Imus, Cavite branch to check the agency’s processing of calamity loan applications Wednesday afternoon. He will also visit Pag-IBIG branches in Pasay, Manila and
Caloocan Thursday.

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