Due to the recent typhoons, “Ondoy” and “Pepeng”, this loan program from Pag-will be able to provide assistance to those members who are victims of these natural calamities.

If you would like to avail the calamity loan program, make sure you have completed the following requirements:

- made at least 24 monthly contributions
- actively paying contributions at the time of the loan application
- resident of the area which is declared as calamity-stricken

The member is entitled to borrow up to 80% of the Total Accumulated Value (TAV) of his savings. If ever the member has an existing MPL, the outstanding loan balance shall be deducted from the proceeds of the calamity loan.

The interest rate is at 0.75% per annum and shall be amortized over a period of 24 months with a grace period of 5 months. The calamity loan may only be availed within 90 days from the occurrence of the calamity.