Manila: The Pag-IBIG Fund is providing calamity loan assistance to its members residing or working in areas affected by typhoons, featuring an interest rate of 5.95 percent. According to Philippines News Agency, Pag-IBIG Fund's Vice President of Public Relations and Information Services Group, Karin-Lei Garcia, stated that members with a minimum of two years of membership and active contributions over the past six months can borrow up to 80 percent of their savings. Garcia expressed pride in offering the lowest interest rate for calamity loans, emphasizing its affordability for borrowers over a one-year period. Loan proceeds can be disbursed within two to three business days, provided that the borrower's records are complete and current. The funds are directly transferred to the Pag-IBIG Fund cash card for convenience. Garcia also noted that members not directly impacted by calamities have the option to apply for a multi-purpose loan, which similarly allows borrowing up to 80 percent of their savings. To a pply for either loan, members need to present a government ID, proof of income, and complete an application form. Borrowers have flexible repayment options, with the ability to repay within one year or extend to three years. Opting for a three-year term allows for easier amortization, making monthly payments more manageable.