Who should register with the Pag-IBIG Fund as members?
With the signing of Republic Act No. 9679, effective January 1, 2010 membership to the Fund shall be mandatory for the following:
- All employees, workers, professionals, officers and companies who are compulsorily covered by the SSS and GSIS
- 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
- All members of the judiciary and constitutional commissions
- Overseas Filipino Workers (OFWs)
- Filipinos employed by foreign-based employers, whether deployed locally or abroad.
How much is the Pag-IBIG contribution?
The minimum Pag-IBIG contribution is Php 100.00
What are the benefits of being a member of the Pag-IBIG Fund?
A Pag-IBIG member will enjoy the following benefits:
The Pag-IBIG provident savings program is a fast, easy and affordable way for a member to save for his future needs. Members' savings earn annual dividends that are also tax-free. The dividend rate varies depending on the net income of the Fund at yearend. For 2012 Pag-IBIG declared P9.28 billion in total dividends giving members a dividend rate of 4.17% on their savings.
Pag-IBIG savings are also portable, meaning, these remain in the name of a member even if he transfers employers, works abroad or becomes self-employed or even unemployed.
The contributions that an OFW member makes are credited to his Total Accumulated Value (TAV) or savings which are fully guaranteed by the national government.
MODIFIED Pag-IBIG 2 Program ( MP2 )
MP2 is voluntary savings program in addition to your Pag-IBIG 1.
- Tax-exempt and higher dividend earnings than Pag-IBIG 1
- Government –guaranteed
- Minimum savings of Php 500.00 / month
- Short maturity period of 5 years
- Save and deposit anytime at your convenience
Pag-IBIG Fund's Short-term loan programs are meant to provide assistance to its members, provided they are active and have made at least 24 monthly contributions.
There are two short-term loan programs that a member may avail of when the need arises. The Multi-Purpose Loan Program was designed to help finance members' immediate medical, educational or livelihood needs; minor home improvement, purchase of appliance and furniture, and other related needs.
Meanwhile, the Calamity Loan Program is extended to members who have been affected by a recent calamity, as proven by a declaration of calamity in their area of residence.
A member of good standing may avail of a Pag-IBIG home financing loan from the Fund with some of the lowest interest rates in the market, and repayment terms of up to 30 years. Pag-IBIG housing loans offer low monthly amortizations, making it possible for even low-salary employees to benefit from the program. The maximum housing loan availment is 6M Pesos with the lowest interest rate from 6.985% per annum.
To qualify for a Pag-IBIG housing loan, a member must satisfy the following requirements:
a. Must be a member under the Pag-IBIG I membership program for at least 24 months, as evidenced by the remittance of at least 24 membership savings (MS) at the time of loan application.
A new member who wishes to apply for a housing loan shall be required to pay in LUMP SUM the required 24 MS. Similarly, a member with less than 24 MS may pay his MS for the succeeding months in lump sum. For both cases, the lump sum payment shall be based on MS that correspond to the loan amount applied for.
Pag-IBIG Overseas Program (POP) MS of Overseas Filipino Workers (OFWs) who are Pag-IBIG 1 members shall be considered in counting the total number of MS for availment of housing loans.
b. Not more than 65 years old at the date of loan application and must be insurable; provided further that he is not more than 70 years old at loan maturity;
c. Has the legal capacity to acquire and encumber real property;
d. Has passed satisfactory background/credit and employment/business checks conducted by the developer and the Pag-IBIG Fund;
e. Has no outstanding Pag-IBIG housing loan, either as a principal borrower or co- borrower;
f. Had no Pag-IBIG housing loan that was foreclosed, cancelled, bought back due to default, or subjected to dacion en pago;
How to register to Pag-IBIG Fund?
A member can register online. Please visit our website: www.pagibigfund.gov.ph and click "Filipinos Working Abroad". Then, click "online membership registration" and follow the instructions.
Also, you may register at the following offices:
1. Any Pag-IBIG Desks at Philippine Embassies / Consulates abroad
2. Pag-IBIG OFW Center, 6/F Justine Bldg #317 Sen. Gil Puyat Ave. Makati City 1200
3. Pag-IBIG NCR and Regional Offices in the Philippines
4. Pag-IBIG satellite office at POEA - Mandaluyong City
When can a Pag-IBIG member withdraw his/her contributions?
A member may withdraw his TAV or savings after 20 years of membership with the Fund and after having made a total of 240 monthly contributions.
A member may also withdraw his savings under any of the following valid grounds:
- Early retirement at age 45
- Optional retirement at age 60
- Mandatory retirement at age 65
b. Permanent departure from the country
c. Permanent or total physical disability
e. Termination from service by reason of health
f. Death of the member
g. Optional withdrawal at 10 or 15 continuous years of membership
- A member who registered under RA7742 may be allowed to withdraw his TAV after 10 or 15 years of continuous membership.
- A member who registered under RA9679 may be allowed to withdraw his TAV after 20 years of continuous membership.
h. Other causes as may be provided by the Board of Trustees
Where can I pay for my Pag-IBIG savings?
New – Credit Card Online Payment Facility through our website,
Remittance Centers in Milan and Northern Italy are:
1. IRemit Milan
2. Global Philippines/PNB Milan & Agents outside Milan
3. Ventaja/ GMA Express in Torino
4. RCBC Telemoney Milan & Agents outside Milan
For more details, call:
Pag-IBIG Fund Milan Office
Via Stromboli 1, Milan Italy
c/o Philippine Consulate General Milan
Tel.No. (0039) 02-43510205; 320-457-2603