HOME DEVELOPMENT MUTUAL FUND

I • IKAW

B • BANGKO

I • INDUSTRIYA

G • GOBYERNO
June 11, 1978
Creation PD 1530
December 14, 1980
Mandatory PD 1752

January 1, 1987
Voluntary EO 90
January 1, 1995
Mandatory RA 7742
Major Provision:
mandatory coverage for all employees
earning P4,000 and above

January 01, 2010

Mandatory RA 9679
Mandatory Coverage for all SSS covered members, household helpers,
Filipino seafarers, self-employed person regardless of trade, business or
occupation, w/ an income of at least P1,000 and not over 60 years old
In 2001, the Fund floated P2
billion-worth of PAG-IBIG
Housing Bonds to generate
additional funds for its shelter
financing programs, which was
warmly received by both
institutional and individual
investors.
The bonds matured in late
2006.
HDMF Law of 2009

Membership is made mandatory for all

SSS- and GSIS- covered employees;
uniformed members of the AFP, BFP,
BJMP and PNP; as well as Filipinos
employed by foreign-based employers.

Benefits are only available to PAG-IBIG

Members.
Likewise, the law grants the HDMF
exemption from tax payments like other
government provident institutions.

With its tax-exempt status reinstated,

PAG-IBIG will have more funds to
finance housing and short-term loans as
well as investments in government
securities. Income from these endeavors
is distributed exclusively to PAG-IBIG
members in the form of dividends
The HDMF Law of 2009 also
gives the Board of Trustees the
authority to set the contribution
rates, thereby paving the way for
members to save more for their
future.
Similarly, this will bolster the
Fund’s resources for home
financing.
Under Section 1 of Rule V, Fund Coverage and
Membership, of the Implementing Rules &
Regulations of Republic Act No. 9679,
mandatory coverage shall include but not
limited to:
All SSS & GSIS covered employees regardless of
employment status;
Household-helpers earning at least P1,000 a month;
Filipino seafarers (Overseas Filipino Workers);
Self-employed person, regardless of trade, business
or occupation, with an income of at least P1,000.00
including, among others, employees who are NOT
under an employee-employer relationship;
Furthermore, under Section 1 of Rule V, Fund
Coverage and Membership, of the same law:

Provided, that a self–employed person (ex. Owners,

Incorporators, Vendors, Professionals, Job-
Order/Project Based Employees) subject to
compulsory coverage shall be treated by the Fund as
both employee and employer at the same time, AND
SHALL THEREFORE BE REQUIRED TO PAY BOTH
THE EMPLOYEE AND THE CORRESPONDING
EMPLOYER CONTRIBUTIONS.
 REGISTRATION - MEMBERS

THRU INTERNET EXPLORER

1) Access Pag–IBIG Fund website at www.pagibigfund.gov.ph.
2) Select E-Services.
3) Select Online Membership Registration.
4) Select Register as New Member and click “Continue” button.
5) Enter code and click “Proceed” button.
6) Encode required data.
7) Upon completion, click “Submit” button.
8) Print system-generated Member’s Data Form (MDF) reflecting
Registration Tracking Number (RTN).
9) You will receive a text message with your RTN (please write it
down or save it in your cellphone for retrieval anytime).
10)Indicate MID or RTN on the Membership Contribution
Remittance Form (MCRF–FPF060) of employees under the
Pag–IBIG ID Number column.
The Higher Your Contributions

The Bigger The Dividends YOU EARN

MONTHLY 20 YRS 20 YRS/ DIVIDEND

SAVINGS W/O DIV. 5% DIV. EARNINGS
P100 P24,000.00 P31,419.33 P7,419.33
P300 P72,000.00 P94,259.79 P22,259.79
P400 P96,000.00 P125,679.72 P29,679.72
P600 P144,000.00 P188,519.57 P44,519.57
P700 P168,000.00 P219,939.50 P51,939.50
P900 P216,000.00 P282,779.36 P66,779.36
 REGISTRATION - EMPLOYER

THRU INTERNET EXPLORER

1) Access Pag–IBIG Fund website at www.pagibigfund.gov.ph.
2) Select E-Services.
3) Select Employer’s Online Registration.
4) Select Register Main Office.
5) An instructional page is provided to guide employers in their
online registration. After reading instructions, click “x” on the
upper right hand in order to exit.
6) Then proceed to encode the required data.
7) Upon completion, click “Submit” button.
8) Print system-generated Employer’s Data Form (EDF) reflecting
Registration Tracking Number (RTN).
9) Indicate MID or RTN on the Membership Contribution
Remittance Form (MCRF–FPF060) in the Employer’s ID
Number box column.
 MANUAL REGISTRATION
FILL-UP THE EMPLOYER’S DATA FORM (EDF) & MEMBER’S DATA FORM (MDF)
HOW MUCH DO YOU SAVE ?
 EEs earning P1,500.00 and below = 1%
 EEs earning over P1,500.00 = 2%
 ERs counterpart contributions = 2%
Note: ER Share will be shouldered by the Self-Employed Member

EXAMPLE:
EMPLOYEE EMPLOYER
5,000 100.00 100.00
6,000 120.00/100.00 100.00
7,930 158.60/100.00 100.00
MEMBER’S INTENTION TO UPGRADE
CONTRIBUTIONS/SAVINGS

One copy for the member, another

copy for Accounting or Payroll In-
Charge

No need to submit a copy to Pag-IBIG.

But the accounting in-charge of
deductions shall submit a list of
employees that signified to increase
their contributions.
 DOUBLE
YOUR MONEY
BENEFIT

GOVERNMENT
EARN
GUARANTEED
DIVIDEND
SAVINGS

TAX FREE
PORTABILITY
DIVIDEND
OF SAVINGS
EARNINGS
MEMBERSHIP MATURITY
• 20years = 240mos 15years = 180mos 10years = 120mos

RETIREMENT
• 65years old (mandatory) 60years old (optional) 45years old (if EE company ERP)

SEPARATION FROM WORK DUE TO HEALTH

REASON

TOTAL DISABILITY/ INSANITY

PERMANENT DEPARTURE FROM THE

COUNTRY

DEATH (ADB P6,000.00)

 Withdrawal of Higher Lump Sum Amount
at the end of 20 Years or upon
Membership Maturity or Retirement
Illustration:
Pag-IBIG Fund Member : Juan B. de la Cruz
Employer Name : Tupperware Corp.
Membership Type : PF 1
No. of Contributions : 253 Months
Total EE Contributions : 37,687.89
Total ER Contributions : 37,757.76
Add: Total Dividends : 33,709.34
TOTAL ACCUMULATED VALUE (TAV): 109,154.99

YOUR MONEY EARNED P71,467.10 FROM A

SAVINGS OF ONLY P37,687.89!!!
SHORT TERM LOAN PROGRAM
MULTI -PURPOSE LOAN PROGRAM
LOAN PURPOSES
 MINOR HOME IMPROVEMENT, MEDICAL, EDUCATIONAL,
LIVELIHOOD, PURCHASE OF APPLIANCES, VACATION, SPA,
REST & RELAXATION, OTHER NEEDS
ELIGIBILITY
 LATEST TWENTY FOUR(24) MONTHS CONTRIBUTIONS
 ACTIVE CONTRIBUTING MEMBER
i.e. updated contributions for the last five(5) months within six
(6) months period

LOANABLE AMOUNT
NO. OF CONTRIBUTIONS LOAN AMOUNT
TAV = EE & ER
24 – 59 MONTHS 60% OF TAV Share + Yearly
60 – 119 MONTHS 70% OF TAV Tax Free
120 MONTHS ABOVE 80% OF TAV Dividends
LOAN INTEREST
10.5% per annum

LOAN TERM
24 months

LOAN RENEWAL
Just remit six (6) months amortizations
THE OUTSTANDING BALANCE, TOGETHER WITH ANY
ACCRUED INTERESTS, PENALTIES AND CHARGES, SHALL
BE DEDUCTED FROM THE PROCEEDS OF THE NEW LOAN.
SHORT TERM LOAN PROGRAM
LOAN DISBURSEMENT FACILITIES

PACSVAL
CASHCARD & CITI PREPAID CARD

LANDBANK CITI PREPAID

FEATURES
CASH CARD CARD

Qualified STL
Qualified STL
Eligibility Borrowers with
Borrowers
MID/RTN
24/7 at any 24/7 at any
Withdraw Loan
honoring LBP honoring Citibank
Proceeds
account account
Where to
Nationwide Worldwide
Withdraw

Card Validity 3 years 3 years

 CASHCARD & CITI PREPAID CARD

LANDBANK CITI PREPAID

FEATURES
CASH CARD CARD

Charges to Free while supply Card = P60.00

Borrower lasts Loading = P15.00
Visa Card
Freebies from
Special Perks None
participating
partners

Security PIN Number PIN Number

Transaction Type Debit, EPS Debit, EPS

The MPL Application Form

Old New
Front
The MPL Application Form

Old Back New

REQUIREMENTS:
 New MPL Form (Available at our website
or your HR Office)
 Certified photocopy of two (2) valid IDs
 Payslip or fill–out the Certificate of Net Pay
(Back of the new MPL form)
 If using Land Bank ATM: attach a copy of balance
inquiry receipt & certified photocopy of Land Bank
ATM
 If using Land Bank Cash Card: certified photocopy
of Land Bank Cash Card
Note: MID Number is required for a member to avail of a loan
HOUSING LOAN
PROGRAM
LONG TERM FINANCIAL ASSISTANCE
TO ADDRESS THE HOUSING NEEDS OF A QUALIFIED MEMBER
ELIGIBILITY LOAN PURPOSES
Must be an active Purchase of Fully Developed Lot
member and has remitted not exceeding 1,000 sq. m. and
at least 24 monthly must be in a residential area
contributions at the time
of loan application (Lump Lot Purchase with House
sum payments are Construction
allowed based on the Purchase of Residential Unit
contribution of your
desired loan amount) Construction or Completion of
New House on a lot owned by a
LOAN AMOUNT borrower

6,000,000.00 Home Improvement (Minor or

Major)
LOAN TERM Refinancing of an Existing
Up to 30 Years Mortgage Loan
 BASED ON CONTRIBUTION RATE
Loan Amount Contribution Loan Amount Contribution Loan Amount Contribution
500,000.00 200 2,500,000.00 1,200 4,500,000.00 2,200
600,000.00 250 2,600,000.00 1,250 4,600,000.00 2,250
700,000.00 300 2,700,000.00 1,300 4,700,000.00 2,300
800,000.00 350 2,800,000.00 1,350 4,800,000.00 2,350
900,000.00 400 2,900,000.00 1,400 4,900,000.00 2,400
1,000,000.00 450 3,000,000.00 1,450 5,000,000.00 2,450
1,100,000.00 500 3,100,000.00 1,500 5,100,000.00 2,500
1,200,000.00 550 3,200,000.00 1,550 5,200,000.00 2,550
1,300,000.00 600 3,300,000.00 1,600 5,300,000.00 2,600
1,400,000.00 650 3,400,000.00 1,650 5,400,000.00 2,650
1,500,000.00 700 3,500,000.00 1,700 5,500,000.00 2,700
1,600,000.00 750 3,600,000.00 1,750 5,600,000.00 2,750
1,700,000.00 800 3,700,000.00 1,800 5,700,000.00 2,800
1,800,000.00 850 3,800,000.00 1,850 5,800,000.00 2,850
1,900,000.00 900 3,900,000.00 1,900 5,900,000.00 2,900
2,000,000.00 950 4,000,000.00 1,950 6,000,000.00 2,950
2,100,000.00 1,000 4,100,000.00 2,000
2,200,000.00 1,050 4,200,000.00 2,050
2,300,000.00 1,100 4,300,000.00 2,100
2,400,000.00 1,150 4,400,000.00 2,150
INTEREST RATE Periodic
Re-pricing
Indicative Rates for
first pricing period

Every 3 years 6.985%

Every 5 years 7.825%

Every 10 years 8.775%

Every 15 years 9.385%

Every 20 years 9.675%

Every 25 years 10.000%

Every 30 years 11.375 %

Note: from Jan. 2014 – Jun. 2014 only

LOAN TERM 30 years

In no case shall the age of the borrower
exceed 70 years old at loan maturity.
 Maximum Gross Monthly Income
Details

Cluster 1 (NCR)
up to P15,000 Up to P17,500
Income
Cluster

Cluster 2 (Regions)
up to P12,000 Up to P14,000
Loan up to Loan up to
Loan Amount P400,000 P750,000
Interest Rate* 4.5% 6.5%

Note: Applicable interest rate is based on the

borrower’s place of work and gross monthly income
INSURANCES
Mortgage Redemption Insurance (MRI)
Covers the risk in case of natural death of the
borrower & subject to the schedule of
insurance in the Pag-IBIG Fund Master Policy.
(P0.41 per P1,000 of Approved Loan)

Fire Insurance (FI)

Fire insurance on the property mortgage or
subject to the Contract to Sell for an amount
equivalent to the appraised value of the house
or the loan amount whichever is lower.
(P0.36 per P1,000 of Approved Loan or
Building Value)
AVAILABLE
PAYMENT
FACILITIES
- INDIVIDUAL PAYMENTS
- KASAMBAHAYS
- MP2
PAY ANYWHERE TO OUR Pag-IBIG BRANCHES
and/or to our partners

UNIONBANK BPI
Who are the Kasambahay covered by RA 9679 and
Batas Kasambahay RA 10361?
All KASAMBAHAY engaged in domestic work, whether on a
live–in or live–out arrangement such as: general househelp,
yaya, cook, gardener, laundry person, or any other person
who regularly performs domestic work in one household.

When will a Kasambahay be covered by Pag–IBIG?

After one (1) month of service.

Is the Employer liable in case the Kasambahay refuses

membership?
Membership is mandatory and non–negotiable. The
Employer will be held liable.
Salary of Kasambahay is less than P5,000/month
4% to be shouldered by the Employer
EXAMPLE: 2,000 x 4% = 80.00
3,000 x 4% = 120.00

Salary of Kasambahay is P5,000 or more

Kasambahay = 100.00
Employer = 100.00
FOR MORE INFORMATION CONTACT
Pag-IBIG Fund Cebu North Branch
3/F Pag-IBIG Fund – WT Corporate Tower
Cebu Business Park, Cebu City PAG–IBIG FUND
CEBU NORTH BRANCH
Tel Nos : 505-9759/416-1000 ______________________________
E-mail add: cebunorth_med@pagibigfund.gov.ph
cebunorth@pagibigfund.gov.ph MA. SALVE P. CENIZA
Chief of Division – Mktg & Enforcement
Pag-IBIG Fund Bogo Service Center ______________________________
2/F J & N Building (At the back of PNB)
WEBSITE:
San Vicente St., Bogo City
Tel No. : 434–7051 www.pagibigfund.gov.ph
E-mail add: rustan_lawan@yahoo.com