Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Tuesday, 22 August 2017 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
PBB Guidelines 2016
Click to Open
PIA Snapshot

120201-r6-goodjob
PIA Online
One Mindanao eNewsmagazine
One Visayas eNewsletter
One Luzon eNewsmagazine
ST@R eNewsmagazine
PIA Members Only:
PMIS | PANP Phone Directory
PIAEA Corner:
Application | View PIAEA Site
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
Information to Empower Filipinos
English NewsFoto ArchivesRegional WatchOFW Watch
FrontpageHeadlines by RegionNews ArchivePIA SpecialsICT News

PIA Press Release
Saturday, January 14, 2012

 

Pag-IBIG housing loan restructuring and penalty condonation program now ongoing

TACLOBAN CITY, Leyte, January 14 (PIA) -- The housing loan restructuring and penalty condonation program is now available to all housing loan borrowers with over three months in arrears in amortization payments.

The good news was disclosed by Pag-Ibig Fund Tacloban information officer Kevin Siosana during the Harampang Ha PIA media interaction held at the PIA Regional Office on January 13.

Siosana said affected borrowers should immediately apply for the penalty condonation program starting this month of January because the penalty condonation program is only up to June 30, 2012. Application filed after the deadline will only be for loan restructuring, he said.

The condonation for housing loan borrowers is a way of providing delinquent borrowers an opportunity to make good in their housing loan obligations, Siosana said.

The program, which implements R.A 9507 or the Socialized and Low-Cost Housing Loan Restructuring Act of 2008, aims to assist delinquent borrowers in preserving their properties from foreclosure or cancellation of contract to sell by providing them the opportunity to update or restructure their accounts under affordable terms.

“I hope that the concerned housing loan borrowers will take this last and final opportunity to save their property from foreclosure or cancellation,” Siosana said, as he advised the housing loan borrowers who wish to avail of this to visit their office.

In a statement Vice President Jejomar Binay, who is also chair of the Board of Pag-IBIG, said he strongly encourage the concerned Pag-IBIG members to avail themselves of this final opportunity that Pag-IBIG is offering.

Binay said Pag-IBIG’s mandate is to assist Filipino workers in realizing their dreams of having their own homes.

Pag-IBIG's housing loan programs provide for the most convenient terms and conditions with interest as low as six percent per annum and payment terms as long as 30 years. (PIA 8)

Latest Stories
  • DOST project beneficiary produces biggest 'ulang' (R02)
  • Solar energy to light up 75 more houses in off-grid areas in NegOr (R07)
  • DA plans to use Mindanao program in Luzon (R11)
  • DSWD 1 marks its 61st anniversary celeb in February (R01)
  • 500 poor families get 'bags of blessing' (R06)
  • Close to 200 Negros Occidental police officers get promotion (R06)
  • NGO urges public to collect, propagate seeds to create native tree forests in CV (R07)
  • Police Information Officers receives commendation medals (R06)
  • DSWD brings Pantawid Pamilya program to Dumaguete City (R07)
  • LGU issues guidelines on use of municipal filling station (CAR)
  • NGO to hold free breast, cervical cancer screening (R07)
  • Aklan detainees trained on proper waste management (R06)
  • Hiligaynon news: DOLE 6 may bag-o nga direktor (R06)
  • Mangrove tree planting to highlight World Wetlands Day (R06)
  • Balikbayan finds ulang production profitable (R02)
  • Hiligaynon news: Impormasyon sa populasyon sa Iloilo nagapakita pagkinahanglan sa pagmanehar sing maayo (R06)
  • Various activities to mark World Wetlands Day in Iloilo (R06)
  • Tagalog News: Tapul Reef, ipinapadeklarang fish sanctuary (MIM)
  • Hiligaynon news: Alert Level sa Yemen napanubo sa level 2 – DFA (R06)
  • P118-M worth of Infra projects implemented by Dipolog in 2011 (R09)
    FotoCatalogSitestats  
    GOOD NEWS Series
    goodnews
    PIA Special Sites:

    ASEAN Philippines

    Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
    For comments and feedback, please email PIA Newsdesk
    Copyright © 2005 Philippine Information Agency
    PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines