Manila: Pag-IBIG Fund has released PHP5.82 billion in financial assistance through its Special Assistance for Financial Emergencies (SAFE) Loan, benefiting 803,769 members less than six weeks after its launch.

According to Philippines News Agency, the program, which started on June 10, aims to provide affordable financial assistance to Filipino workers affected by challenges brought by continuing tensions in the Middle East. Pag-IBIG Fund Board of Trustees chair, Secretary Jose Ramon Aliling, highlighted that members can rely on the agency for support as they address their financial needs and provide for their families.

Active members with at least 12 monthly savings and no existing loan defaults may borrow up to PHP10,000 or 90 percent of their total Pag-IBIG Regular Savings, whichever is lower. The SAFE Loan carries an annual interest rate of 5.95 percent and may be paid over 12, 24, or 36 months, with a three-month grace period before repayment begins.

Members may apply online through Virtual Pag-IBIG by submitting the required documents or apply over the counter at any Pag-IBIG Fund branch nationwide. Approved loans are credited directly to a Pag-IBIG Loyalty Card Plus or Land Bank Cash Card. Pag-IBIG Fund Chief Executive Officer Marilene Acosta stated that the strong availment shows the agency's commitment to providing immediate assistance while continuing to support members' long-term goal of homeownership.

The SAFE Loan application period is open until September 8, 2026.