Can I Still Avail of the Pag-IBIG Calamity Loan Even if I Have an Existing Pag-IBIG Loan?


However, depending on the type of loan of which you have an outstanding balance, you may or may not get the full amount of the calamity loan proceeds.

If you have previously availed of the Pag-IBIG Multi-Purpose Loan (MPL), your outstanding balance of this loan will NOT be deducted from the proceeds of your approved Pag-IBIG Calamity Loan. This is because the Calamity Loan and Multi-Purpose Loan are distinct and separate from each other.

Therefore, you can still avail of the Pag-IBIG Calamity Loan even if you have an outstanding Multi-Purpose Loan (provided that the payments are updated and the loan is not in default) and vice versa. In the same way, the outstanding balance of one loan will not be deducted from the loan proceeds of another.

The same thing works for Pag-IBIG Housing Loan. Hence, you can still avail of the Pag-IBIG Calamity Loan while you have an outstanding housing loan provided that the latter is not in default.

However, if you have an existing/outstanding Pag-IBIG Calamity Loan and your area is hit with a second calamity, you can avail of another calamity loan anytime. The outstanding balance of the first calamity loan (together with interests, penalties, and charges you’ve incurred) will then be deducted from the proceeds of the new calamity loan. 

Go back to the main article: How to Apply for a Pag-IBIG Calamity Loan: An Ultimate Guide