The Pag-IBIG Fund has introduced a new emergency loan facility to assist its members in managing rising fuel and electricity costs linked to the ongoing Middle East conflict. Qualified members can borrow up to P10,000 for urgent household expenses under this program.
Safe Loan Program Details
The state-run housing savings agency announced that the Special Assistance for Financial Emergencies (Safe) Loan is designed to help members cope with higher daily expenses as global tensions continue to impact energy prices and transportation costs. Eligible borrowers may access loans of up to P10,000 or 90 percent of their total Pag-IBIG Regular Savings, whichever is lower.
The loan carries an annual interest rate of 5.95 percent and can be repaid over one, two, or three years. Applications will be accepted until September 8, 2026. Members who currently have existing Pag-IBIG Multi-Purpose or Calamity Loans may still qualify, subject to the agency's borrowing limits.
Government Response to Economic Impact
Housing Secretary and Pag-IBIG Board Chairman Jose Ramon P. Aliling stated that the program is part of the government's response to the economic effects of developments in the Middle East. This follows an earlier assistance package for repatriated overseas Filipino workers.
Pag-IBIG Chief Executive Officer Marilene C. Acosta emphasized that the facility aims to provide members with a lower-cost alternative to informal and high-interest lenders. Loan proceeds may be credited directly to members' Pag-IBIG Loyalty Card Plus accounts, and borrowers are granted a three-month grace period before their first payment is due.
