Updates on Pag-ibig

8/13/2019 Updates on Pag-ibig

1/17


2/17

What is Pag-IBIG Fund?

A savings program with

tax-free dividend earnings

An opportunity to save

for the future

An opportunity to be a

future homeowner


3/17

Who are mandatorily

covered? (R.A. 9679)

Al l gainful ly employed Fi lip ino

(al l SSS and GSIS members)

Household helpers

Overseas Fil ip ino Workers

Uniformed Personnel


4/17


5/17

CONTRIBUTION RATE

Monthly

CompensationContribution Rate

EE share ER shareP 1,500 and below 1%

2%Over P 1,500 2%

Self-emplo yed members shal l cover both the

emp loyee and emplo yer share or P200/month


6/17

When can I enjoy my

savings?Maturity

-20 YEARS

- 10 YEARS (opt ional)RA7742

-15 YEARS (op tional)RA9679

Retirement

-60 yrs of age (op tion al)

-65 yrs of age (mandato ry)

-45 yrs o f age w/ company ERP


7/17

When can I enjoy my

savings?Total Disability/ Insanity

Separation from servicedue to health reason

Permanent departure

from the country

Death


8/17

LOAN PRIVILEGES

Short Term Loan (Mult i - Purpose Loan

and Calam ity Loan)

Expanded Housing LoanProgram


9/17

MULTIPURPOSE LOAN

Loan amount up to 80%

of TAV

FAST and EASY!

1-3 days releasing

Low interest rate at

less than 1%/month


10/17

MULTIPURPOSE LOAN

Payable within 2 years

Reloan period ofafter 6 months only

Earn rebates onadvanced payments


11/17

EXPANDED HOUSING LOAN

PROGRAM


12/17

Pag IBIG o ffers the BestHousing Loan packages

Lowest Interest Rate at

6% per annum

Highest Loan to Collateral

Ratio at 100%

Longest Loan Term at 30 years

Loan Amount of up to P3 Million


13/17

LOAN PURPOSES:

Lot Purchase

Purchase of Residential Unit

House Construction orCompletion

Lot Purchase with House

Construction

Home Improvement

Refinancing


14/17

LOAN PURPOSES:

Lot Purchase

Purchase of Residential Unit

House Construction orCompletion

Lot Purchase with House

Construction

Home Improvement

Refinancing


15/17

Eligibility

An active member with 24 monthlycontributions

Not more than 65 years old

Filipino citizen and of legal age

Must pass background/credit

investigationUpdated MPL payments

No existing HL (either as principal or

co-borrower)


16/17

MODIFIED Pag-IBIG Fund II

(MP2) Membership Program

Voluntary upon all Pag-IBIG I members whose

gross monthly income exceeds five thousand

pesos (Php 5,000.00)

Contribution is minimum of five

hundred pesos (Php 500.00) per month

Five (05) years membership term

Solely a savings scheme


17/17

- THANK YOU -

Documents

Updates on Pag-ibig