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    Noa - Abante J

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    Jomarc Cedrick Gonzales
    This document is a notice of approval from Pag-IBIG Fund for a housing loan restructuring application. The key details are: 1. The applicant, Jellinette Medrano Abante, has been approved for a restructured housing loan totaling P429,389.86. 2. The loan is split into an interest-bearing principal of P422,280.68 to be paid over 328 monthly installments at 6.375% interest, and a non-interest bearing principal of P7,109.18 to be paid anytime. 3. The monthly installment was retained at P2,911.29 to commence on February 23, 2021 and be paid every 23rd day of

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Noa - Abante J

    Uploaded by

    Jomarc Cedrick Gonzales
    50 views1 page
    This document is a notice of approval from Pag-IBIG Fund for a housing loan restructuring application. The key details are: 1. The applicant, Jellinette Medrano Abante, has been approved for a restructured housing loan totaling P429,389.86. 2. The loan is split into an interest-bearing principal of P422,280.68 to be paid over 328 monthly installments at 6.375% interest, and a non-interest bearing principal of P7,109.18 to be paid anytime. 3. The monthly installment was retained at P2,911.29 to commence on February 23, 2021 and be paid every 23rd day of

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    NOA_ABANTE J

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    This document is a notice of approval from Pag-IBIG Fund for a housing loan restructuring application. The key details are: 1. The applicant, Jellinette Medrano Abante, has been approved for a restructured housing loan totaling P429,389.86. 2. The loan is split into an interest-bearing principal of P422,280.68 to be paid over 328 monthly installments at 6.375% interest, and a non-interest bearing principal of P7,109.18 to be paid anytime. 3. The monthly installment was retained at P2,911.29 to commence on February 23, 2021 and be paid every 23rd day of

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views1 page

    Noa - Abante J

    Uploaded by

    Jomarc Cedrick Gonzales
    This document is a notice of approval from Pag-IBIG Fund for a housing loan restructuring application. The key details are: 1. The applicant, Jellinette Medrano Abante, has been approved for a restructured housing loan totaling P429,389.86. 2. The loan is split into an interest-bearing principal of P422,280.68 to be paid over 328 monthly installments at 6.375% interest, and a non-interest bearing principal of P7,109.18 to be paid anytime. 3. The monthly installment was retained at P2,911.29 to commence on February 23, 2021 and be paid every 23rd day of

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    For Special Housing Loan Restructuring Program

    - REM/CTS/DCS Account HQP-HLF-817


    (V01, 11/2020)

    Pag-IBIG Fund
    (Home Development Mutual Fund)

    NOTICE OF APPROVAL

    November 18, 2020


    Housing Account No. 346001635777
    JELLINETTE MEDRANO ABANTE
    IPIL ST BVM SUBD LIPAHAN SAN JUAN
    BATANGAS 4226

    Dear Sir/Madam:

    We are pleased to inform you that your application for Pag-IBIG Fund Special Housing Loan
    Restructuring Program has been APPROVED on November 18, 2020 in the total amount of Four Hundred
    Twenty Nine Thousand Three Hundred Eighty Nine Pesos and Eighty Six Centavos (P 429,389.86)
    Philippine Currency, broken down as follows:

    i. Interest Bearing Principal in the amount of Four Hundred Twenty Two Thousand Two Hundred
    Eighty Pesos and Sixty Eight Centavos (P 422,280.68) Philippine Currency is composed of
    outstanding principal balance and interest-bearing arrearages, and advances made by Pag-IBIG
    Fund and shall be paid in 328 monthly installments with an interest rate of 6.375% per annum
    which shall be repriced every 3 years. However, for socialized housing loan/installment
    accounts with rates lower than 6.375%, the original rate of _____% shall be retained until
    _______. Thereafter, the repricing scheme provided in the prevailing guidelines prior to
    approval of the application for the restructuring program shall be applied.
    ii. Non-interest Bearing Principal in the amount of Seven Thousand One Hundred Nine Pesos and
    Eighteen Centavos (P 7,109.18) Philippine Currency is composed of the unpaid interest which
    have accrued within the grace period provided under R.A. Act No. 11469 (Bayanihan to Heal as
    One) and R.A. Act No. 11494 (Bayanihan to Recover as One) which shall be paid anytime
    during the term.

    Your monthly installment/amortization has been retained in the amount of Two Thousand Nine
    Hundred Eleven Pesos and Twenty Nine Centavos (P 2,911.29) Philippine Currency and shall commence
    on February 23, 2021. Subsequent amortizations/installments shall be paid every 23rd day of the month until
    the end of term of the restructured loan.

    In line with this approval, please comply with the following:

    1. Pay Two Thousand Forty Three Pesos and Three Centavos (P 2,043.03) at Pag-IBIG Fund
    Office or through any collection system implemented by Pag-IBIG Fund within 30 days from
    date of application to cover the required one (1) year advance insurance premiums. Failure to
    pay shall cancel the approval of your application.
    2. Download and sign the Promissory Note with Restructuring Agreement together with your
    spouse and co-borrower/co-buyer, if any and submit it to any Pag-IBIG Office personally or
    through courier service.
    3. Submit the proof of updated Real Property Tax Payment on or before 31 January 2021.
    4. If you opt to pay through salary deduction, also kindly submit an Authority to Deduct Housing
    Loan Amortization or if opt to pay through Post-Dated Checks (PDC), please submit twelve (12)
    PDCs indicating the new amortization/installment to the nearest Pag-IBIG Fund Office.

    Should you have any query/clarification regarding this Notice, please visit or call this Branch.

    Very truly yours,

    NANETTE T. ABILAY
    DEPARTMENT MANAGER III

    THIS IS A SYSTEM-GENERATED DOCUMENT. SIGNATURE IS NOT REQUIRED.

    CALAMBA BUSINESS HUB


    HIGH RISE BUSINESS CENTER BUILDING BARANGAY HALANG, CALAMBA
    Tel.: (02) 8422-3000
    CITY, LAGUNALOC 3113

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