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PAG-IBIG FUND MEMBERSHIP and BENEFITS VICTORIA B DELA PENA Vice President for Visyasa

PAG-IBIG FUND MEMBERSHIP and BENEFITS VICTORIA B DELA PENA Vice President for Visyasa. 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. Who are mandatorily

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PAG-IBIG FUND MEMBERSHIP and BENEFITS VICTORIA B DELA PENA Vice President for Visyasa

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  1. PAG-IBIG FUND MEMBERSHIP and BENEFITS VICTORIA B DELA PENA Vice President for Visyasa

  2. 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. Who are mandatorily covered? (R.A. 9679) • All gainfully employed Filipino • (all SSS and GSIS members) • Household helpers • Overseas Filipino Workers • Uniformed Personnel

  4. Self-employed individuals • which includes: • Practicing professionals • Businessmen and Entrepreneurs • Job Order (Piecemeal) workers • Farmers and Fisherfolks • Workers in the Informal Sector • And other individuals earning at least P1,000 a month whether from trade, business or profession

  5. CONTRIBUTION RATE Self-employed members shall cover both the employee and employer share or P200/month

  6. When can I enjoy my savings? • Maturity • 20 YEARS • - 10 YEARS (optional)RA7742 • 15 YEARS (optional)RA9679 • Retirement • 60 yrs of age (optional) • 65 yrs of age (mandatory) • 45 yrs of age w/ company ERP

  7. When can I enjoy my savings? • Total Disability/ Insanity • Separation from service due to health reason • Permanent departure from the country • Death

  8. LOAN PRIVILEGES • Short Term Loan (Multi - Purpose Loan • and Calamity Loan) • Expanded Housing Loan • Program

  9. MULTI – PURPOSE LOAN Loan amount up to 80% of TAV FAST and EASY! 1-3 days releasing Low interest rate at less than 1%/month

  10. MULTI – PURPOSE LOAN Payable within 2 years Reloan period of after 6 months only Earn rebates on advanced payments

  11. EXPANDED HOUSING LOAN PROGRAM

  12. Pag-IBIG offers the Best Housing 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. LOAN PURPOSES: • Lot Purchase • Purchase of Residential Unit • House Construction or • Completion • Lot Purchase with House • Construction • Home Improvement • Refinancing

  14. LOAN PURPOSES: • Lot Purchase • Purchase of Residential Unit • House Construction or • Completion • Lot Purchase with House • Construction • Home Improvement • Refinancing

  15. Eligibility… • An active member with 24 monthly • contributions • Not more than 65 years old • Filipino citizen and of legal age • Must pass background/credit • investigation • Updated MPL payments • No existing HL (either as principal or • co-borrower)

  16. MODIFIEDPag-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. - THANK YOU -

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