Members of the Pag-IBIG Fund in Nueva Ecija can now avail of the Health and Education Loan Programs (HELPs).
The state firm recently signed a Memorandum of Agreement (MOA) with Good Samaritan Colleges (GSC) and Immaculate Conception Medical Center of Central Luzon, Inc. (ICMC) for the roll-out of the programs in the province.
Pag-IBIG Fund Loyalty Card Unit Head Sally Banal said HELPs aim to assist members in financing the education of their children and attending to their family’s medical needs.
“We saw that most of the loan proceeds that members get from the Pag-IBIG Fund are used primarily for the health and education of their children. As such, we thought that Pag-IBIG Fund with its partner merchants or institutions, can help members finance the services they need through a loan program,” Banal added.
Under the MOA, partner institutions will provide discounts to members availing HELPs.
“Members can choose a loan term of six to 36 months with a 10.5 percent interest rate annually,” Banal explained.
Through this program, the state firm wants members to know their benefits and be able to avail them to meet their needs.
To avail HELPs, members need to check with Pag-IBIG Fund if they have an existing loan to know if they are entitled to apply.
If the member is qualified to avail, they must know the amount needed to settle to the partner merchant.
Members need to get an assessment from the school as part of the attachment to their loan application for education while the running bill is the required attachment for the payment of hospitalization for health loan.
Banal clarified that once the loan is approved, the Pag-IBIG Fund will directly transfer the loan amount to the designated bank account of the partner institution where the members avail of services.
In Nueva Ecija, Pag-IBIG Fund Cabanatuan branch partnered with GSC, which offers a 12 percent discount on tuition fees for all levels under HELPs.
ICMC, on the other hand, provides a 10 percent discount on room rates, laboratory, cardio-pulmonary, and radiology procedures for inpatient and outpatient. (PIA Region 3-Nueva Ecija)
