Grace Period vs Pag-IBIG’s 3-Month Moratorium on Loans: WHAT’S THE DIFFERENCE?

The GRACE PERIOD provided under the IRR of RA 11469 (Bayanihan to Heal as One Act) and Pag-IBIG Fund’s 3-MONTH LOAN PAYMENT MORATORIUM are two separate programs that give payment reprieve to borrowers.

How are they different? Here’s a quick guide on the features of both programs to better understand the differences, the similarities, and how each can benefit you.