HDMF (Ra 9679)
HDMF (Ra 9679)
HDMF (Ra 9679)
Chairman of HDMF?
A.Benjamin Felix
B. Darlene Marie Berberabe
C. Maria Leonor G. Robredo
D. Benjamin Diokno
national
savings
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.
MEMBERSHIP
Mandatory
Coverage and Membership of
PROGRAM
Employees
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.
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
Continued
b. Retirement under a separate
employer provident or retirement plan. (At
least 45 yrs old)
c.
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.
Contribution Rates
EE
ER
1%
2%
2%
2%
P5,000.00
Membership
Form
Increase in Savings
by
Up to 60% of TAV
60-119 months
Up to 70% of TAV
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
HOME LENDING
PROGRAMS
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
4. LOAN RELEASE/TAKE-OUT