PAG-IBIG FUND MEMBERSHIP and BENEFITS VICTORIA B DELA PENA Vice President for Visyasa
description
Transcript of PAG-IBIG FUND MEMBERSHIP and BENEFITS VICTORIA B DELA PENA Vice President for Visyasa
PAG-IBIG FUND MEMBERSHIP and
BENEFITS
VICTORIA B DELA PENAVice 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 covered? (R.A. 9679)
All gainfully employed Filipino (all SSS and GSIS members)
Household helpers
Overseas Filipino Workers
Uniformed Personnel
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
CONTRIBUTION RATE
Monthly Compensation
Contribution Rate
EE share ER share
P 1,500 and below 1% 2%Over P 1,500 2%Self-employed members shall cover both the
employee and employer share or P200/month
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
When can I enjoy my savings?
•Total Disability/ Insanity
•Separation from service due to health reason
•Permanent departure from the country
•Death
LOAN PRIVILEGES
Short Term Loan (Multi - Purpose Loan and Calamity Loan)
Expanded Housing Loan Program
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
MULTI – PURPOSE LOAN
Payable within 2 years
Reloan period of after 6 months only
Earn rebates on advanced payments
EXPANDED HOUSING LOAN PROGRAM
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
LOAN PURPOSES:Lot Purchase Purchase of Residential UnitHouse Construction or
CompletionLot Purchase with House
ConstructionHome ImprovementRefinancing
LOAN PURPOSES:Lot Purchase Purchase of Residential UnitHouse Construction or
CompletionLot Purchase with House
ConstructionHome ImprovementRefinancing
Eligibility…An active member with 24 monthly
contributionsNot more than 65 years oldFilipino citizen and of legal ageMust pass background/credit
investigationUpdated MPL paymentsNo existing HL (either as principal or
co-borrower)
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
- THANK YOU -