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PAG-IBIG calls delinquent borrowers to avail penalty condonation


PAG-IBIG 8 manager Paulino Talacay (3rd from left) enlightens media regarding the housing loan condonation, housing loan restructuring and other programs offered by the agency. Others in photo are (l-r) PIA-Biliran InfoCen manager Flor Jackson, moderator, HDMF assistant department manager Alectys Bajarias and HDMF marketing chief Leo Larraga. (VINO R. CUAYZON)

By CATHERINE T. BALDELOBAR, Samar News.com
February 28, 2012

TACLOBAN CITY  –  The PAG-IBIG, Inc Regional Office 8 is offering penalty condonation and loan restructuring programs for their delinquent borrowers as mandated in their Agency Circular No. 299. This was formally announced in the regular “Harampang-Kapihan” on February 23 in the regional office of Philippine Information Agency (PIA-8) Tacloban City, Leyte.

As lamented by Engr. Paul Talacay, Regional Manager of PAG-IBIG 8, said programs seeks to protect the interest of the members through practicable means to settle their membership contribution arrears.

In response, the agency is providing assistance to the members who are in arrears of at least three (3) months. Talacay also emphasized, the objectives, among others, are to provide assistance to the delinquent borrowers for the preservation of their properties from foreclosure.

Penalty condonation will run until June 30, beyond that members may still avail the loan restructuring program. For those who may be interested to avail the programs, they may inquire at the PAG-IBIG Regional Office 8 for the corresponding documentary and procedural requirements.

Meanwhile, Talacay also informed the Group Housing Loan Program (GHLP) is now at place for the constituents and employees of local government units (LGUs) to have access to affordable housing plan. This aims to sustain the capabilities of LGUs to fast track the development and implementation of housing projects in their respective localities. Qualified applicant comprises of at least 30 members may avail the GHLP of PAG-IBIG.