News and Events

    Typhoon Ondoy and Pepeng gad left the country with so much an accounted damages to lives and properties. With the advent of the typhoon, Home Development Mutual Fund (HDMF) has passed circulars to all Pag-ibig borrowers in areas directly affected by typhoon Ondoy, a moratorium on Amortization payments of Pag-ibig borrowers.
    Covered by the moratorium are Pag-ibig Short Term Loan and Housing Loan from the following areas: The whole of NCR, Region I – Pangasinan, La Union, Ilocos Sur; region II – Isabel, Quirino, Nueva Vizcaya; Region III – Aurora, Nueva Ecija, Zambales, Pampanga, Bulacan,Tarlac, Bataan; Region IV-A- Cavite, Laguna, Batangas, Rizal, Quezon; Region IV-B – Occidental Mindoro, Oriental Mindoro, Marinduque; Region V – Catanduanes, Camarines Norte, Camarines Sur; Cordillera Autonomous Region (CAR) – Mr. Province, Ifugao, Benguet;

    To qualify for the moratorium, the borrower must meet the following eligibility requirements;

    1. He must be updated with his STL/HL amortization payments as of date of approval of application in case applying for moratorium for such payment.
    2. Applications for availment of the loan moratorium maybe filed with the Pag-ibig Fund Branches where the loan is maintained within (30) days from the issuance of these guidelines.
    3. Approved applications for moratorium shall be effective retroactively starting on Septeember 26, 2009.
    4. A borrower shall have the following options relative to his insurance premiums:
    Pay the insurance premiums for the three-month moratorium period at any time during the said period; or pay the insurance at any time within the last year of the loan term.
    5. The borrower’s loan term shall be extended for another three (3) months but the STL/HL
    Amotization, interest rate, and other conditions of the loan shall remain the same.
    6. STL/HL payments shall be suspended for the period specified above at no additional cost to the borrower. Thus, no penalty and interest shall be charged during the moratorium period.
    For more information please visit the HDMF Corporate Headquarters, The Atrium of Makati, Makati Avenue, Makati City of Call Pag-ibig Call Center 724-4244