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MAKATI III BRANCHRepublic Act No. 9679HDMF Law of 20091HDMF is more popularly known as Pag-IBIG FUNDPagIBIG- Pagtutulungan sa Kinabukasan- Ikaw- Bangko- Industriya- Gobyerno2Mandatory Coverage:- All employees who are compulsory covered by the SSS and GSIS
Filipinos employed by foreign based employers
Uniformed members of the AFP, BFP, BJMP, PNP
Self-employed
Employees whose monthly compensation is less than P4, 000
Previously waived companies- Household-helper earning at least 1,000 a month (including drivers, gardeners, cook, nannies.)
Filipino seafarer upon the signing of the contract
Contribution rates: Employee Employer 1,500 and below 1% 2% Over P1,500 2% 2%
-Maximum Monthly Compensation (Basic + Cola) P 5,000.00 - The Board has the authority to set contribution rates and the maximum monthly compensation to be used in computing employee and employer contributions.4ADVANTAGES ON HIGHER / UPGRADED CONTRIBUTIONS
- HIGHER SAVINGS AT MATURITY OF MEMBERSHIP HIGHER DIVIDEND EARNINGS HIGHER LOANABLE AMOUNT ON: * MULTI-PURPOSE LOAN* CALAMITY LOAN* HOUSING LOAN
SALIENT FEATURES
Double or triple your money benefit- Tax exempt Earns tax free Dividends which will be taken from no less than 70% of the Funds annual net income, Credited proportionately to the members Total Accumulated Value (TAV) TAV may be enjoyed by a member upon termination of membership- Portable membership- Government GuaranteedWhen to withdrawyour Pag-IBIG Savings 20 years MEMBERSHIP MATURITY 15 years OPTIONAL WITHDRAWAL RETIREMENT Permanent Departure from the Philippines Permanent Total Physical Disability or Insanity Termination from service by reason of health as provided by law DEATHPlus P6,000 death benefit grant/ Which ever is the lowest from TAVLOAN PACKAGESI.Short Term Loan Program- Multi-Purpose Loan- Calamity Loan II.Long Term Loan Program - Pag-IBIG Housing Loan
A contribution-based loan. Also known as Salary Loan. Created to provide financial assistance to Pag-IBIG member-victims in calamity-stricken areas, as declared by the Office of the President or the Sangguniang Bayan.MULTI-PURPOSE LOANCALAMITY LOAN
QUALIFICATIONS: Must have made at least 24 monthly membership contributions Must be an active / contributing member upon loan application and commits to continuously remit contributions at least for the term of the loan. (with 5 months contribution for the past 6 months) Must have no existing Pag-IBIG Housing Loan in arrears at the time of loan application For calamity loan, member must be a resident or has a property in the area declared calamity- stricken.
Loan Amount: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 - MPL- Calamity LoanInterest Rate: 10.75% p.a. (Multi-Purpose Loan) 5.95% p.a. (Calamity Loan) Payable in 2 years (24 equal monthly amortization) with a grace period of two (2) months for local accounts and five (5) months for centralized accountsLoan Period:Loan Renewal:Loan renewal of MPL is upon payment of at least six (6) months amortization- MPL- Calamity LoanMay be availed when residence / property of member is declared calamity-stricken. Must be availed within a period of ninety (90) days from the occurrence of the calamity.Individual Home Financing ProgramHDMF CIRCULAR 310
ISO 9001: 2008 Certified15
Individual Home Financing ProgramAll Active Pag-IBIG members with :
at least 24 months contributions
not more than 65 years old at thedate of loan application, insurable and is not more than 70 years old at the date of loan maturity
legal capacity to acquire and encumber real property
Who are Eligible?16
Individual Home Financing ProgramMust also have: No outstanding Pag-IBIG housing loan
No Pag-IBIG housing loan foreclosed, cancelled, bought back, or voluntarily surrendered
If with existing Pag-IBIG Multi Purpose Loan (MPL), payments should be updated upon Housing Loan application
still on being Eligible17MONTHLY CONTRIBUTIONLOAN ENTITLEMENTP200Up to 500TP250Over 500T 600TP350Over 700T 800TP450Over 900T 1.0MP700Over 1.4M 1.5MP950Over 1.9M 2.0MP1,450Over 2.9M 3.0MP1,950Over 3.9M 4.0MP2,450Over 4.9M 5.0MP2,950Over 5.9M 6.0MYour Pag-IBIG Contribution
Individual Home Financing Program18Shall be based on the lowest of the following:Actual NeedCapacity to PayLoan-to-Appraisal Value RatioLoan AmountPhP 6MMaximum Loan Amount
Individual Home Financing ProgramThe availability of the loan package for over P3M to P6M shall be limited by the Funds annual budget allocation for the said package.19
PRU: Selling PriceHouse Construction: Total Construction CostRefinancing: Outstanding Balance
Knowing the Basis of your LoanActual Need35% of your Gross Monthly Income, for loans up to P1,250,000 30% of your Gross Monthly Income, for loans over P1,250,000
Capacity to PayUp to 750K 35% of Monthly Gross Income Over 750K 30% of Monthly Gross Income
For government ees: take home pay should not fall below five thousand pesos
20LOAN AMOUNTPERCENTAGE ON APPRAISALUp to 1.250M90%Ex. Selling Price : 500,000 Capacity to Pay: P500,000 Appraisal is P500,000 x 90% = PhP 450,000Loanable Amount is PhP 450,000Over P1.25M to P6M80%Ex. Selling Price : P2M Capacity to Pay: P3MAppraisal is P2M x 80% = PhP 1.6M Loanable Amount is PhP 1.6MKnowing the Basis of your LoanLoan to Appraisal Value Ratio21
Individual Home Financing ProgramInterest RateLoan Amount Indicative Rates per Re-Pricing Period 3-YrFixing5-YrFixing 10-YrFixing 15-YrFixing30-YrFixingUp to P6M 7.985%8.985%10%10.75%12.25%22
Individual Home Financing ProgramSample Monthly Amortization30-year term Loan Amount 3 -Yr5-Yr10-Yr15-Yr30-Yr7.985%8.985%10.000%10.75%12.25% 400,000 2,930.88 3,214.17 3,510.29 3,733.93 4,191.59 750,000 5,495.39 6,026.58 6,581.79 7,001.11 7,859.22 1,000,000 7,327.19 8,035.44 8,775.72 9,334.81 10,478.96 1,250,000 9,158.99 10,044.29 10,969.64 11,668.52 13,098.71 2,000,000 14,654.38 16,070.87 17,551.43 18,669.63 20,957.93 3,000,000 21,981.57 24,106.31 26,327.15 28,004.44 31,436.89 4,000,000 29,308.77 32,141.74 35,102.86 37,339.25 41,915.86 5,000,000 36,635.96 40,177.18 43,878.58 46,674.07 52,394.82 6,000,000 43,963.15 48,212.61 52,654.29 56,008.88 62,873.79 23Gross Monthly Income Required30-year term Loan Amount 3-Yr5-Yr10-Yr15-Yr30-Yr7.985%8.985%10.000%10.75%12.25% 400,000 8,373.93 9,183.35 10,029.39 10,668.36 11,975.96 750,000 15,701.12 17,218.79 18,805.11 20,003.17 22,454.92 1,000,000 20,934.83 22,958.39 25,073.47 26,670.90 29,939.90 1,250,000 26,168.54 28,697.98 31,341.84 33,338.62 37,424.87 2,000,000 48,847.94 53,569.57 58,504.77 62,232.09 69,859.76 3,000,000 73,271.92 80,354.36 87,757.16 93,348.14 104,789.64 4,000,000 97,695.89 107,139.14 117,009.54 124,464.18 139,719.52 5,000,000 122,119.86 133,923.93 146,261.93 155,580.23 174,649.41 6,000,000 146,543.83 160,708.71 175,514.31 186,696.27 209,579.29
Individual Home Financing Program24Business Development Group11th Floor of the Emar Suites Building409 Shaw Boulevard, Mandaluyong CityTel. No. 654-3335
Email:[email protected]
Visit our Website atwww.pagibigfund.gov.ph
Contact us Now!
Individual Home Financing Program25RDD 3/17/2010Guidelines Implementing the Modified Pag-IBIG II (MP2) Membership ProgramHDMF CIRCULAR NO. 276To give Pag-IBIG I members, whose gross monthly income exceeds P5,OOO, another savings option that would provide them with a yield higher than those given under existing membership with the Fund. Objectives The member may contribute a minimum of Five Hundred Pesos (P500.00) per month. MP2 PROGRAM A member shall be entitled to a flexible dividend rates, provided that the said rate shall be higher than that of Pag-IBIG I. The member under the Modified Pag-IBIG II shall be entitled to receive his Total Accumulated Value (TAV) under this program at the end of the Five (5) year membership term. The MP2 Program shall be solely a savings scheme. Thus, members under the program shall not be entitled to avail of any of the Funds lending programs unless he is also an active member under the Pag-IBIG I and satisfies the eligibility criteria set by the Fund.Other Provisions MONTHLY CONTRIBUTIONS5 YEARS10 YEARS
P 500.0034,484.1779,553.591,000.0068,968.33159,107.181,500.00103,452.50238,660.782,000.00137,936.66318,214.373,000.00206,905.00477,321.564,000.00275,873.32636,428.745,000.00344,841.65795,535.92SUMMARY OF TAV FOR PAG-IBIG 2 MEMBERS AT 5.5% AVERAGE DIVIDEND RATE PER ANNUM
30Pag-IBIG CITI PREPAID CARD
Pag-IBIG - Citi Prepaid Card A Pag-IBIG - Citibank Prepaid Card is a stored value card that gives you the ability to pay for your purchases in different merchant establishments and access your money from automated teller machines using a pre-funded account from the proceeds of your Multi-Purpose Loan from Pag-IBIG Fund.What are the upfront benefits to the Pag-IBIG borrower? Funds are available within 24 hours after card issuance Cardholder to receive confirmation message via SMS Use card in any of the 200,000+ VISA merchants or more than 15,000 ATMs in the PhilippinesNo long lines and waiting time to claim proceeds of your Multi-Purpose Loan from Pag-IBIG FundNo need to open a bank account or visit check-cashing location No lost or stolen checks No need to carry cash Zero Liability fraud protectionGreater Convenience ON LINE REGISTRATION35
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41DIVISIONTEL. NOSEMAIL ADDRESSMembers Contributions817-2096812-4731 loc 505
STL/Claims840-2502
[email protected] Accounting812-4731 loc801
Marketing813-7351
[email protected]@pagibigfund.gov.phwebsite: www.pagibigfund.gov.phMs. Olivia V. ZerrudoManagerMakati III Branch5/F Justine Bldg., 317 Sen. Gil Puyat Ave., Makati CityTel. Nos. 812-4731 loc. 501 or 502THANK YOU![Updated as of 01 December 2010]43
