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Darlene Marie B. BerbarabePresident & CEO, Pag-IBIG Fund
Pag-IBIG Fund
Highlights
Twin Mandates of Pag-IBIG Fund(Section 2 of RA 9679)
PROVIDENT
SAVINGS
SHELTER
FINANCING
Mandatory membership for Filipino workers
earning at least PHP 1,000 a month
Pag-IBIG FundPag-tutulungan sa kinabukasan: Ikaw, Bangko,
Industriya, at Gobyerno.
To establish, develop, promote,
and integrate a nationwide sound
and viable tax-exempt mutual
provident savings system suitable
to the needs of the employed and
other earning groups; and
To motivate them to better plan and
provide for their housing needs, by
membership in the HDMF, with
mandatory contributory support of the
employers in the spirit of social justice
and the pursuit of national
development
Pag-IBIG Fund Snapshot
₱434.47 BTotal Assets
17 MillionMembers
119Branches
Nationwide 23Posts
Worldwide
as of October 2016
Annualized 2016
27%
4.6 MOFWs
Projected 2016
Dividends
P15.80 B
Projected 2016
Dividend Rate
4.84%
Projected 2016
Net Income
P22.57 B
11%INCREASE
vs. 2015
10%INCREASE
vs. 2015
9.16%INCREASE
vs. 2015
Housing
Programs
Borrow up to ₱6M
Multiple housing loans allowed
Up to 2 co-borrowers
5.5%*per annum
As High as 11.5%
*1-year re-pricing period
effective July 1, 2016
52%REDUCTION
Loan up to ₱750K
Loan term up to 30 years
4.5%**per annum
**for the 1st 10 years
of loan term
INTEREST RATE of
For up to P450 K loans
Affordable Housing
Program
End-User Financing
Program
Housing Loans Programs
2016 Yearend Takeout
VALUE UNITS
2016 P54.04 B 73,374
2015 P49.93 B 59,409
23% 24%
Projected 2016 Takeout
(Annualized)
Percentage Share of Affordable Housing
to Total Housing Loan Takeouts
99%No. of Units: 46,898
worth P31.82 B
2012
1%
No. of Units: 287worth P111.58 M
73%No. of Units: 73,374
worth P54.04 B
2016
27%
No. of Units: 20,104worth P7.94 B
Total HL Takeout
Affordable HousingLoan Takeout
7k%INCREASE in
number of units
LGU Project Name
Estimated Total
Production(Units)
Appraised Value
Selling Price
Malabon City L'Oasis Housing 674 P693 K –
P979 K
P450 K -
P915 K
Bacoor City Grand Strikeville 4 872 P600 K –
P613 KP450 K
Lucena CityDon Victor Ville
Hsg. Proj.553 P564 K P450 K
San Carlos
CitySanCa Ville Subd. 500 P679,600 P450 K
Catbalogan
City
LGU Catbalogan
City1,400
Pending house
plans/modelsP450 K
LGU Cainta,
RizalDomus One Cainta 290 P706 K –
P815 K
P650 K to
P750 K
Housing Projects for LGUs
Unprecedented PLR
Before
72%
NOW
91.6%net of allowance for impairment loss
9/10Borrowers are now
paying
Provident
Programs
Government guaranteed
Tax-exempt
Free from withholding tax
20-year Membership period
Tax Free Dividends
Higher yield*
still only ₱100per month
unchanged since 1980s
Provident Benefits
2015
Dividend Rate
4.83%per annum
*compared with interest rates of regular savings account
Minimum savings of only PHP 500/month
5-Year maturity period
Enjoy higher dividend earnings, tax free
2015
Dividend Rate
5.33%per annum
*may vary year-after-year
Modified Pag-IBIG 2 (MP2)
Total Accumulated Value (TAV) can be withdrawnupon the occurrence of any of the grounds for
termination of Fund membership
COVERAGE
GROUNDS FOR WITHDRAWAL
Membership Maturity
Retirement
Permanent Total Disability or Insanity
Termination from service by reason of health
Permanent departure from the country
Death
Any other reason as may be approved for by the Board of Trustees
Provident Claims (Jan to Oct 2016)
Amount P9.2 B
No. of Claimants 198,436
Provident Benefit Claim
House repair
Minor home improvement
Home enhancement
Tuition/educational expenses
LOAN PURPOSE
Health and wellness
Livelihood
Other purpose
BORROWER ELIGIBILITYFor active member who has made at least
24 monthly contributions
If with an existing loan, the account must not be in default
Up to 80% of TAV can be borrowed
24 months repayment period
Multi-purpose Loan Program
Loan Value P37.40 B
No. of Loans Approved 1.72 M
Total MPL (Jan to Oct 2016)
Interest Rate
10.75%Per annum
To provide financial assistance to Pag-IBIG member-victims in calamity-stricken areas, as declared by the Office of the President or the Sangguniang Bayan.
LOAN PURPOSE
BORROWER ELIGIBILITY
Residing in areas declared under state of calamity
Filing within 90 days from the date of declaration of the state of calamity
Up to 80% of TAV can be borrowed
24 months repayment period
Calamity Loan Program
Loan Value P1.35 B
No. of Beneficiaries 101,949
Total Calamity Loan (Jan to Oct 2016)
Interest Rate
5.95%Per annum
2.55 MILLIONCardholders
142Partner Establishments
and counting
Upto 50%
DISCOUNT
ON MEDICINES
PESO POINTS on Groceries and Fuel
15%DISCOUNT
ON TUITION FEESas of Oct. 2016 as of Oct. 2016
Pag-IBIG Loyalty Card
*with partner pharmas & drugstores
*with Puregold and Petron
Upto
*with partner schools
Reduction
of Red Tape
Reduction of Red Tape
BEFORE
25DAYS
NOW
16DAYS
FASTER HOUSING LOAN
PROCESSING TIME
Reduction of Red Tape
REDUCED HOUSING LOAN
APPLICATION REQUIREMENTS
BEFORE
14
NOW
7
BEFORE
38
NOW
119
TRIPLED BRANCHESTO REACH MORE MEMBERS
Reduction of Red Tape
24/7
Better Customer Relations
CALL CENTER
EMAIL US AT:
CALLS ANSWERED
within 20 sec.
CHAT MESSAGES
within 20 sec.
EMAILS ANSWERED
within 24 hours
63%SAVINGS
EQUIVALENT TO
P136 M
BEFORE
60
NOW
150
PHONE LINESDouble
the Service Level!
Reduction of Red Tape
Improved Processes
BEFORE
30DAYS
NOW
1DAY
IMPROVEDPROCESSING TIME FOR INSURANCE CLAIMS
OF HL BORROWERS
Improved Processes
MORE COLLECTING
PARTNERS
5,500+PAYMENT
PARTNERS
NATIONWIDE
700REMITTANCE
PARTNERS
ABROAD
almost
Improved Processes
Recognitions
Pag-IBIG maintains
ISO 9001 certification
All NCR branches
now ISO-certified
Recognitions
COA’S
UNQUALIFIEDOPINION
2012 2013 2014
4-PEAT!
2015
Recognitions
Recognitions
Recognitions
BACK-TO-BACKExcellent Net Satisfaction Rating
Dec. 2015 and Sept. 2016 Survey
Survey ItemDecember
2015
September
2016
Net
Satisfaction* +70% +72%
Public
Awareness 79% 84%
*+70 and up rating = Excellent
Recognitions
Thank You.
Pag-IBIG Fund
Highlights
