Pag-IBIG FUND

Corporate Headquarters
Petron MegaPlaza
358 Sen. Gil Puyat Ave.,
Makati City

MEMORANDUM

TO: ALL CONCERNED

FROM: THE CHIEF EXECUTIVE OFFICER

SUBJECT: AVAILMENT OF SHORT-TERM LOANS OF BORROWERS

WITH OUTSTANDING CALAMITY LOANS

Pursuant to the approval of the Senior Management Committee on the availment

of short-term loans of borrowers with outstanding calamity loans, the following directives
are hereby issued.

1. If a borrower has two (2) outstanding calamity loans charged at

10.75% and 5.95% resulting from the processing of calamity loan
applications of borrowers affected by Typhoon Pablo, the calamity loan
with 10.75% shall be closed and its balance shall be part of the
adjusted calamity loan that will be charged with 5.95%.

2. Borrowers with outstanding calamity loans availed prior to issuance of

Cir. No. 315, which covered members affected by Typhoon Gener and
the monsoon rains brought about by Hanging Habagat, shall be
allowed to avail of a Multi-Purpose Loan after paying at least 6 monthly
amortizations. The outstanding balance, interest and penalties shall be
deducted from the proceeds of the MPL.

Subsequent availment of short-term loans shall be subject to the policy

that MPL and Calamity Loan shall be separate and distinct from each
other.

Please be guided accordingly.

~~
ATTY. DARLENE MARIE B. BERBERABE

Makati City
27 FEBRUARY ,2013