HOUSING loan borrowers have been given a one-month moratorium on amortization payments, the National Home Mortgage Finance Corp. (NHMFC) announced on Thursday.
NHMFC President Renato Tobias said the moratorium, which runs through the month of August, was in accordance with the directive from the Integrated Disaster Shelter Assistance Program of the Department of Human Settlements and Urban Development.
“This is to give relief to our housing loan borrowers who were affected by Typhoon Carina and the enhanced southwest monsoon,” Tobias said.
NHMFC President Renato Tobias
He said he issued a corporate circular ordering its Collection and Accounts Management Group to determine housing loan borrowers whose properties are located in cities or municipalities that have been placed under state of calamity.
“Borrowers from the typhoon-affected areas are automatically qualified for moratorium, subject to NHMFC’s internal rules and regulations,” he said.
Tobias said that borrowers who opt to settle their amortizations while their account is in moratorium may still pay through NHMFC offices, collection partners, via the online payment facility in its website, Gcash or Maya App.
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