Moratorium set for NHMFC housing loan borrowers

MANILA, Philippines — In an effort to provide relief to its clientele, the National Home Mortgage Finance Corp. (NHMFC) announced the implementation of a one-month moratorium on the monthly amortization payments of housing loan borrowers affected by Typhoon Carina and the enhanced southwest monsoon.

In accordance with the Integrated Disaster Shelter Assistance Program of the Department of Human Settlements and Urban Development, NHMFC president Renato Tobias issued Corporate Circular 093 on July 26, ordering the Collection and Accounts Management Group to identify 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.

Meanwhile, 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 the NHMFC website, Gcash or Maya app.