Push Admin

Pag-IBIG, state housing borrowers get 3-month payment relief

Article (news)

ABS-CBN News

MANILA - Consumers with housing loans under state agencies and government-owned and controlled corporations will be given a 3-month payment moratorium to cushion the impact of COVID-19, an official said Tuesday. Those with housing loans under the Pag-IBIG Fund, National Housing Authority, National Home Mortgage Finance Corp and the Social Housing Finance Corp won&#x27;t have to pay for their monthly dues from March 16 to June 15, said Department of Human Settlements and Urban Development Secretary Eduardo Del Rosario. The moratorium includes short-term and calamity loans from Pag-IBIG fund, he said. &quot;Nagkaroon tayo ng suspension para ang ating mga kababayan na naghihirap ngayon sa panahon ng COVID ay hindi na sila maghanap ng pera para maghulog pambyad sa bahay o short term loans,&quot; he said. (We had a suspension so that our fellowmen who are suffering during the COVID-19 pandemic won&#x27;t have to find money to pay for their housing or short-term loans)The payments were postponed which will extend loan term for another 3 months, Del Rosario said.Banks, landlords and utility providers also extended grace periods for payments in accordance with the Bayanihan to Heal as One Act, the country&#x27;s coronavirus response law.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/03/20/bills-loans-in-the-time-of-covid-19-what-it-means-to-skip-a-month-of-payments">Bills, loans in the time of COVID-19: What it means to skip a month of payments</a></li>	<li><a href="https://news.abs-cbn.com/business/04/02/20/small-businesses-get-30-day-moratorium-on-rent-payments-covid-19-task-force">Small businesses get 30-day moratorium on rent payments: COVID-19 task force</a></li></ul>

Consumers with housing loans under state agencies and government-owned and controlled corporations will be given a 3-month payment moratorium to cushion the impact of COVID-19, an official said Tuesday.

Consumers with housing loans under state agencies and government-owned and controlled corporations will be given a 3-month payment moratorium to cushion the impact of COVID-19, an official said Tuesday.