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Category ACQUISITIONS
Why are Pag Ibig members or borrowers required to attend Loan Counseling Sessions?
Created Jun-5-2015
Owner admin
QUESTION Why are Pag Ibig members or borrowers required to attend Loan Counseling Sessions?
ANSWER

This is a requirement of the Home Development Mutual Fund to educate the borrowers and make them aware of their responsibilities as loan borrower: how much they can avail, when and where to pay and other requirements. It is also during the counseling sessions that applicants are required to fill-up Medical Questionnaire which is a requirement for Mortgage Redemption Insurance purposes.