LEGAZPI CITY, Nov. 24 -- The Pag-IBIG Fund and the Government Service Insurance System (GSIS) extended the application of calamity loans following the state of national calamity declared by President Ferdinand R. Marcos Jr. due to a series of weather disturbances.

During a Media Kapihan forum here on Monday, Pag-IBIG Legazpi branch acting chief Nelson Ibarra said they would accept calamity loan applications until February next year and will implement flexible service arrangements.

Under a state of calamity, the loan interest rate is at a reduced 5.95 percent, while eligible members may borrow up to 90 percent of their regular savings.

"We are the agency that extends programs, particularly on housing, and we also have short-term loans f...