Maraming lugar ang naapektuhan ng sunod-sunod na bagyo. Kaya naman madalas na napag-uusapan kapag ganito ang panahon— calamity loan!
Ano ba ang sinasabi ng batas tungkol dito? Alamin ‘yan kasama ang ating Kapuso sa Batas, Atty. Gaby Concepcion.
Hosted by the country’s top anchors and hosts, 'Unang Hirit' is a weekday morning show that provides its viewers with a daily dose of news and practical feature stories. Watch it from Monday to Friday, 5:30 AM on GMA Network! Subscribe to youtube.com/gmapublicaffairs for our full episodes.
Ano ba ang sinasabi ng batas tungkol dito? Alamin ‘yan kasama ang ating Kapuso sa Batas, Atty. Gaby Concepcion.
Hosted by the country’s top anchors and hosts, 'Unang Hirit' is a weekday morning show that provides its viewers with a daily dose of news and practical feature stories. Watch it from Monday to Friday, 5:30 AM on GMA Network! Subscribe to youtube.com/gmapublicaffairs for our full episodes.
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FunTranscript
00:00Many places have been affected by the following typhoons.
00:05Some places have not yet fully recovered,
00:08and are in a state of disrepair.
00:10One of the things we always talk about during this time of calamity
00:14is the Calamity Loan.
00:17To guide our fellow citizens, that is what we will talk about.
00:21Ask Me, Ask Attorney Gabby.
00:23Attorney, who are the people who can apply for the Calamity Loan?
00:33Well, actually, there are three agencies of the government
00:35that offer the Calamity Loan or Emergency Loan.
00:38Of course, there are also many private financing companies
00:41that will offer it,
00:42but what's scary and certain is that the interest rates are higher,
00:47the approval period is longer
00:49because there are many more to examine and study
00:51before you are given the loan.
00:53So it's better for government agencies to approach during a time of calamity
00:58because the approval is faster,
01:00the interest rate is lower, usually 6% per annum,
01:04and the repayment period is longer.
01:07But usually, it also means that the amount you can borrow
01:12by way of emergency loan is lower.
01:13In GSIS, it's up to Php 20,000.
01:16In SSS, it's a one-month salary credit up to a maximum amount of Php 20,000.
01:22In Pag-ibig, it's up to 80% of the monthly membership savings.
01:26First of all, what are the requirements in Pag-ibig?
01:29You should be able to pay at least 24 monthly membership savings or MS
01:34or if not, the total savings is equivalent to this.
01:38You should have paid at least one MS within the last six months
01:42before the date of your loan application.
01:45You should also be a resident or working in an area which is declared as calamity-stricken.
01:50In SSS, the requirements are that you should have 36 monthly contributions.
01:56You should have paid six monthly contributions within the last 12 months
01:59before you applied for a loan.
02:01You should also be a resident of calamity-declared areas
02:04and have a pensala in your property.
02:08In GSIS, this is called an emergency loan.
02:11You should be a resident or an employee of the government office
02:14within the declared calamity area.
02:17You should also be in active service, not on leave or absence without pay.
02:21You should be up-to-date in paying existing loans
02:24and also in remitting mandatory social insurance contributions.
02:28If it's a calamity-hit area,
02:32you should be declared as under a state of calamity
02:35by the NDRRMC.
02:40You should also not have a pending administrative case or criminal charge.
02:45There may be other finer requirements,
02:49but these are the most basic requirements.
02:53Attorney, in other areas,
02:55you may not be able to recover from a calamity-hit area.
02:59How many times can you apply for a loan like this?
03:02You can apply again even if the previous loan has not yet been paid.
03:07In SSS, you should have fully paid the existing calamity loan
03:11before you avail a new calamity loan.
03:14In Pag-ibig, you can renew the calamity loan,
03:17but the outstanding loan balance of the existing calamity loan
03:21including accrued interest, penalties, and charges
03:24can be deducted from the newly acquired calamity loan.
03:28You can also avail a new calamity loan in GSIS.
03:31For example, after the earthquake earlier,
03:34GSIS said that those with existing loans
03:37can borrow up to Php 40,000
03:40to pay previous loans
03:42and to have a new fund of Php 20,000.
03:46This is also the amount available
03:48to pay for non-pending calamity loans in GSIS.
03:54So, those are the laws we will clarify
03:58for the peace of mind.
04:00Don't hesitate.
04:02Ask me.
04:03Ask Attorney Gabby.
04:04Keep safe, everyone.
04:12Why?
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04:22Thank you, Puso.