What maximum amount can members borrow through the Pag-IBIG Calamity Loan?

Prepare for the CHRA Statutory Monetary Benefits Test. Quiz yourself with flashcards and multiple-choice questions that include hints and explanations. Ensure you're geared up for success in your exam with our comprehensive resources!

The maximum amount that members can borrow through the Pag-IBIG Calamity Loan is P6 million. This borrowing option is designed to provide financial assistance to members who have been affected by calamities, ensuring they have access to funds when they need them the most. The loan can help cover urgent expenses resulting from disasters, such as home repairs or medical bills.

Understanding the context of this particular loan is important. It is a crucial tool for members who find themselves in dire situations due to unexpected calamities, therefore offering a lifeline that can significantly aid in recovery and rebuilding efforts. The specified limit reflects the balance between providing substantial support while managing the fund’s sustainability.

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