Who is the present

Chairman of HDMF?
A.Benjamin Felix
B. Darlene Marie Berberabe
C. Maria Leonor G. Robredo
D. Benjamin Diokno

Who is the present

Chairman of HDMF?
A.Benjamin Felix
B. Darlene Marie Berberabe
C. Maria Leonor G. Robredo
D. Benjamin Diokno

Pag-IBIG Over The Years

History and Progress of Home
Mutual Development Fund

Objective of the Fund

Need for a
program; and

national

savings

Affordable shelter financing to the

Filipino worker

Home Mutual Development Fund

Nagmahal. Nasaktan.
Nag-iba ng pangalan.
HDMF noon, Pag-IBIG Fund na ngayon.

Nagmahal. Nasaktan.
Naging INDEPENDENT. Ahh,
Pag-IBIG.

Nagmahal. Nasaktan.
Natutong LUMABAN. Ahh, Pag-IBIG.

Nagmahal. Nasaktan.
Kusang nagbigay. Ahh, PagIBIG.

Nagmahal. Nasaktan.
Namulat sa katotohanan. Ahh,
Pag-IBIG.

What does PAG-IBIG

stands for?
A.Pagtutulungan sa Kaunlaran: Ikaw
Barangay, Idustriya, Gobyerno
B.Pagtutulungan sa Kinabukasan:
Ikaw, Banko, Industiya, Gobyerno
C.Pagkakaisa tungo sa Kaunlaran:
Ikaw, Banko, Industriya, Gobyerno
D.Pagtutulungan st Pagkakaisa: Ikaw,
Banko, Industriya, Gobyerno

What is Pag-IBIG FUND?

Pag tutulungan sa Kinabukasan

I
Ikaw
B Bangko
I
Industriya
G Gobyerno

What is Republic Act 9679?

An Act further strengthening the Home Development
Mutual Fund, and for other purposes
Was approved into law by Pres. Gloria MacapagalArroyo on 21 July 2009
Increased the scope of power and function of the
Fund through the Board of Trustees who are
appointed by the President of the Philippines
Provided for the tax exemption status of the Fund
Increased scope of mandatory membership coverage
of the Fund

When shall the

mandatory coverage for
employers take effect?
A.On the first day of business
operation
B. A year after the first day of operation
C. 10 days after first day of business
operation
D. 5 days after the first day of operation

When shall the

mandatory coverage for
employers take effect?
A.On the first day of business
operation
B. A year after the first day of operation
C. 10 days after first day of business
operation
D. 5 days after the first day of operation

MEMBERSHIP
Mandatory
Coverage and Membership of
PROGRAM
Employees

1. All employees compulsorily covered by the SSS

2. All employees subject to mandatory coverage by
the GSIS
3. Uniformed members of the Armed Forces of the
Philippines,
the Bureau of Fire Protection, the Bureau of Jail
Management
and Penology, and the Philippine National Police
4. Filipinos employed by foreign-based employers

MEMBERSHIP
Mandatory
Coverage of Employers
PROGRAM
1. Employers of employees compulsorily covered by
the SSS
2. Employers of employees subject of mandatory
coverage by the
GSIS
3. The Armed Forces of the Philippines, the Bureau of
Fire
Protection, the Bureau of Jail Management and
Penology, and
the Philippine National Police

MEMBERSHIP
VoluntaryPROGRAM
Coverage
1. Spouses who devote full time to managing household
and family
affairs;
2.

Filipino employees of foreign government or

international
organization, or their wholly-owned instrumentality
based in the
Philippines

3. Employees of an employer who is granted a waiver or

suspension

MEMBERSHIP
VoluntaryPROGRAM
Coverage
4. Leaders and members of religious groups
5. A member separated from employment, local or
abroad, or ceased
to be employed, but would like to continue paying
Pag-IBIG
contributions
6. Public officials or employees who are not covered by
the GSIS
such as barangay officials
7. Other earning groups as may be determined by the

What about retirement?

Any member shall be compulsorily retired under the
Fund upon reaching age sixty-five (65). The member
may however, opt to retire earlier under the Fund
upon any of the following events, provided the
member is not a member-borrower:
a. Actual retirement from the SSS or GSIS,
or from government service by provision of law;

Continued
b. Retirement under a separate
employer provident or retirement plan. (At
least 45 yrs old)
c.

Upon reaching age sixty (60).

Continued
e. Brain injury resulting in incurable imbecility or insanity;
and
f. Such other cases which are adjudged to be total and
permanent disability by a duly licensed physician and
approved by the Board.

How About Those Who Are Already An Existing Member and

Already Covered?
Under the Fund established under Presidential Decree No. 1752, as
amended, together with the amounts and benefits already accrued to
the members, including employers counterpart contributions, as well
as covering records and documents, shall be transferred, continued,
and integrated into the new Fund established under R.A. No. 9679

How About Those Persons With Permanent Total Disability?

following disabilities shall be deemed total and

permanent:
a. lasting continuously for more than one hundred twenty (120)
days;
b. Complete loss of sight of both eyes;
c. Loss of two limbs at or over the ankle or wrist;
d. Permanent complete paralysis of two limbs;

EXISTING CONTRIBUTION RATES

(since 1986)
Monthly Compensation
P1,500 or less
More than 1,500

Contribution Rates
EE
ER
1%
2%
2%
2%

Maximum monthly compensation

P5,000.00

A member may be allowed to contribute more than what is required

should he or she desire. The employer, however, shall only be
mandated to contribute what is required unless he or she agrees to
match the members increased contribution.

GROUNDS FOR WITHDRAWAL OF SAVINGS

Upon the occurrence of any of the following contingencies,
Pag-IBIG Fund guarantees the refund of a members
accumulated savings, which consist of the members
accumulated contributions, the employer counterpart
contributions (if any) and the dividend earnings credited to
the members account:
Retirement (ages 45, 60, and 65)
Death
Permanent and total disability or insanity
Permanent departure from the country
Separation from the service due to health reason

GROUNDS FOR WITHDRAWAL OF SAVINGS

Membership Maturity (20 years or 240 months of
continuous contribution)
Optional Withdrawal
Other causes as may be approved by the Board

Membership
Form

Increase in Savings

LOANS AND SERVICES

- Multi Purpose Loan
- Calamity Loan
- Housing Loan

MULTI-PURPOSE LOAN (MPL) PROGRAM

Short-term financial which can be availed
Pag-IBIG
members for any of the following:
a) minor home improvement
b) livelihood
c) medical
d) educational
e) purchase of appliance and furniture
f) other needs

by

The loan is open to any PagIBIG member who has made

at least ______ monthly
mandatory savings
A.12
B. 18
C. 24
D. 30

The loan is open to any PagIBIG member who has made

at least ______ monthly
mandatory savings
A.12
B. 18
C. 24
D. 30

MULTI-PURPOSE LOAN (MPL) PROGRAM

Who are eligible?
The loan is open to any Pag-IBIG member who:
Has made at least 24 monthly mandatory savings (MS)
Has 5 MS for the last 6 months prior to date of loan application
If with an existing Housing Loan and/or MPL and/or Calamity Loan,
the account/s must not be in default prior to loan application.

MULTI-PURPOSE LOAN (MPL)

PROGRAM
LOAN AMOUNT

An eligible borrower's loan entitlement

shall
depend
on
the
number
of
contributions made, based on the following
schedule:
No. of Contributions
Loan Amount
24-59 months

Up to 60% of TAV

60-119 months

Up to 70% of TAV

At Least 120 months

Up to 80% of TAV

INTEREST RATE
10.75% per annum for the duration of the loan.

LOAN TERM
Maximum period of twenty-four (24) months with
grace
period of 2
months for local accounts

LOAN RELEASE
Check
LBP Account
LBP Cash Card (in the pipeline)
Citibank Cash Card (in the pipeline)

LOAN PAYMENT
1. Salary deduction for employed members
2. Over-the-counter at Pag-IBIG Branches, for
voluntary members
3. Auto-debit
arrangements with banks
4. Collecting Agents (IRemit, Ventaja, Philippine
National Bank,
Asian United Bank, and Metro Bank)
5. Pag-IBIG Posts (in selected Middle East countries)

PENALTY RATE
% of any unpaid amount for every month of
delay.
For borrowers paying their loans through
automatic salary deduction, penalties shall be
cancelled/reversed only upon presentation of
proof that non-payment was due to the fault of
the employer. The said penalties shall then be
charged against the employer.

LOAN RENEWAL
Payment of at least six (6) amortizations

CALAMITY LOAN PROGRAM

80% of members total contributions
Resident of a declared calamitystricken
area
10.75%
interest rate
payable in 2 years

Who are eligible?

The Calamity Loan Program is open to any Pag-IBIG member
who:
(i) Has made at least 24 monthly savings;
(ii) Is an active member with at least 5 monthly savings for the
last 6 months as of month prior to the date of loan application;
and
(iii)Resides in an area which is declared by the Office of the
President or the Local Sanggunian concerned as under a state
of calamity.

Until when can an eligible

member avail of the Calamity
Loan?
A.120 days
B. 90 days
C. 60 days
D. 30 days

Until when can an eligible

member avail of the Calamity
Loan?
A.120 days
B. 90 days
C. 60 days
D. 30 days

HOME LENDING
PROGRAMS

Lowest Interest Rate

Longest Loan Term

LOAN PURPOSE
The Pag-IBIG housing loan may be used to finance any of the following:
Purchase of a fully developed lot
Purchase of a residential house and lot, townhouse or
condominium unit;
Construction or completion of a residential unit on a
lot owned by the member;
Home improvement;
Refinancing of an existing loan; and
Combination of loan purposes

BORROWERS ELIGIBILITY
Must be a Pag-IBIG member for at least 24 months
Not more than 70 years old at loan maturity and must be
insurable
Has the legal capacity to acquire and encumber real property
Has passed satisfactory background/credit and employment
business
checks of the developer and Pag-IBIG Fund
Has no outstanding Pag-IBIG loan, either as principal borrower or
coborrower
Had no Pag-IBIG housing loan that was foreclosed, cancelled,
bought
back or subjected to Dacion En Pago

LOAN TERM

Loan Amount
Up to P3M

Term
Up to 30 yrs

HOUSING LOAN APPLICATION PROCESS

1. SUBMIT COMPLETE
APPLICATION DOCUMENTS
2. CLAIM NOA/LOG

(Notice of Approval/Letter of Guaranty)

3. SUBMIT DOCUMENTS FOR

CHECK PROCESSING
5. PAY THE MONTHLY
AMORTIZATION

4. LOAN RELEASE/TAKE-OUT