Who should register with the Pag-IBIG Fund as members? With the signing of Republic Act No.

9679, membership to the Fund shall be mandatory for the following: a. All employees, workers, professionals, officers and companies who are compulsorily covered by the SSS and GSIS b. 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; c. Overseas Filipino Workers (OFWs) d. Filipinos employed by foreign-based employers, whether deployed locally or abroad. Membership to the Fund is also open to the following: a. Non-working spouses of Pag-IBIG members; b. Filipino employees of foreign government or international organization, or their wholly-owned instrumentality based in the Philippines, in the absence of an administrative agreement with the Fund; c. Employees of an employer who is granted a waiver or suspension of coverage by the Fund under RA 9679; d. Leaders and members of religious groups; e. A member separated from employment, local or abroad, or ceased to be self-employed but would like to continue paying his/her personal contribution; f. Public officials or employees who are not covered by the GSIS such as barangay officials; and g. Filipinos naturalized in other countries. What Housing Programs are available for members?

An eligible member may avail of a housing loan under either the End-User Financing Program or the Magaang Pabahay, Disenteng Buhay Program. Under the End-User Financing Program, a member may avail of a loan to finance any of the following (Circular 247): a. Purchase of a fully developed lot not exceeding one 1,000 square meters, which should be within a residential area; b. Purchase of a residential house and lot, townhouse or condominium unit, inclusive of a parking slot. The unit may be: Old or brand new; A property mortgaged with the Fund; or An acquired asset, which is disposed of through sealed public bidding, negotiated sale, or the Rent-to-Own Program. c. Construction or completion of a residential unit on a lot owned by the member; d. Home improvement, i.e. any alteration in an existing residential unit intended by a homeowner to be a permanent integral part of the property, which will enhance its

durability and material value; e. Refinancing of an existing mortgage with an institution acceptable to the Fund, provided that: The loan is not in default within the 12 months prior to the date of application; The said loan has a repayment history of at two years with the original mortgagee f. Combination of loan purposes, which shall be limited to the following: Purchase of a fully developed lot not exceeding 1,000square meters and construction of a residential unit thereon; Purchase of a residential unit, whether old or new, with home improvement; Refinancing of an existing mortgage with home improvement; Refinancing of an existing mortgage, specifically a lot loan, with construction of a residential unit thereon. Under the Magaang Pabahay, Disenteng Buhay Program, a qualified member may purchase an acquired asset of the Fund either in cash or through a housing loan at very reasonable prices. A buyer who purchases an acquired asset in cash is entitled to a 20% discount on the propertys sales price, while a buyer who purchases through a housing loan is entitled to a 15% discount on the propertys sales price. Who are eligible to avail of a housing loan under the End-User Financing Program? 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 for at least 24 months, as evidenced by the remittance of at least 24 monthly contributions at the time of loan application. 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 coborrower; f. Has not availed of a Pag-IBIG housing loan that was foreclosed, cancelled, bought back due to default, or subjected to dacion en pago, which shall include cases where the borrower is no longer interested to pursue the loan and surrenders the property; g. May have an outstanding Pag-IBIG multi-purpose loan but which is updated in payments at the time of loan application. A member whose multi-purpose loan is in arrears shall be required to pay his arrears over the counter to update his account. Steps on How to Apply for a Pag-IBIG Housing Loan (End-user Financing)

1. Attend a loan counseling session at the Pag-IBIG office and accomplish a Preliminary Loan Counseling Questionnaire, Housing Loan Application (HLA) and Membership Status Verification Slip (MSVS). If eligible secure Checklist of Requirements (COR) (requirements would depend on the loan purpose). 2. Submit HLA with complete requirements, and pay the processing fee of P1,000 (non-refundable). 3. Receive Notice of Loan Approval/Letter of Guaranty and sign loan documents. 4. Proceed to the following: Bureau of Internal Revenue for payment of documentary stamps and capital gains tax Registry of Deeds for transfer of the title and annotation of mortgage 5. Submit the following documents to Pag-IBIG for the release of loan proceeds: Original Transfer Certificate of Title (TCT) in the name of the applicant with annotated mortgage DOAS with original RD stamp New Tax Declaration in the name of the applicant Updated Real Estate Tax Receipt (for house and lot, if applicable) Occupancy Permit (secured from LGU Engineering Office, if applicable) Assignment of Loan Proceeds 6. Pay the first monthly amortization on the month immediately following the loan take-out/final loan release.

Pag-IBIG favored Globe Asiatique, senator says

KIMBERLY JANE TAN, GMANews.TV December 9, 2010 7:44pm
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The Home Development Mutual Fund (Pag-IBIG) seemed to have given property developer Globe Asiatique the preferential treatment, further fueling suspicions that the two were engaged in a housing loan scam involving at least P6.6 billion, Sen. Sergio Osmea III said Thursday. "It seemed that they [were] favored," said Osmea of Globe Asiatique during the hearing on the supposed housing loan irregularities involving Pag-IBIG and the property developer. For Globe Asiatique Realty Holdings Corp., Pag-IBIG made an exception regarding the P500-million funding limit for developers, Osmea, chairman of the Senate banks committee, said.

"The others were not even told of the relaxation either of borrowing limits, funding commitment limits, or exemptions from certain good conditions... which is a violation really of good management practice," he said. During the hearing, Globe Asiatique president Delfin Lee said that Pag-IBIG approved around P7 billion in housing loans for 9,900 units of their Xevera project in Pampanga. Emma Linda Faria, officer-in-charge of Pag-IBIG, said 1,000 of the alleged borrowers could not be located, while 400 others had already claimed their loans, and 200 borrowers lacked documentary requirements. According to Pag-IBIG, it issued P4 billion of buyback orders, because the borrowers either lacked documentary requirements, had spurious accounts, or had decided not to proceed with the loans. "It tells me that theres some stupidity here or that theres some criminal minds [that] remains to be proven by the National Bureau of Investigation and the Department of Justice," said Osmea. Ways to improve the law Former Vice President and Housing and Urban Development Coordinating Council (HUDCC) chief Noli De Castro, who was present in the hearing, denied that Lee was given special treatment. "I dont think [there was] special treatment in the sense that their project was a pilot program," he said. Osmea said they are not looking for "suspects" to pin the housing loan scandal but for ways to improve the law. "I cannot arrest anybody, I cannot force anybody," he added. The Senate might not conduct another hearing on the issue and will just create a technical working group to come up with the possible proposal for legislative amendments, according to him. Pag-IBIG and HUDCC had earlier filed syndicated estafa charges against Lee and 16 other people in connection with the housing loan mess. Pag-IBIG has likewise blacklisted Globe Asiatique from its roster of accredited property developers. KBK/VS GMANews.TV

Pag-IBIG dared to file falsification rap vs Globe Asiatique By Pia Lee-Brago (The Philippine Star) Updated October 08, 2010 12:00 AM Comments (0) MANILA, Philippines - Sen. Juan Ponce Enrile dared yesterday officials of the Housing Development Mutual Fund or Pag-IBIG fund to file a falsification case against Globe Asiatique (GA) Realty Holdings Corp. president Delfin Lee for the alleged spurious loan

applications of around 400 Pag-IBIG members for the firms low-cost housing project in Pampanga. I challenge you (Pag-IBIG officials) to file a case against this guy (Lee) so we will know if he is telling the truth, so he can present those people and examine them in the courtroom, Enrile said during the public hearing of the Senate committee on banks, financial institutions and currencies. Better get the affidavit of each one of these people (supposed borrowers), Enrile said. He said the filing of falsification case against Lee would compel him to present the fake borrowers. We will punish him if he could not present anyone. Do not ever think you can get away with this, he added. The committee also ordered yesterday Bayani Garcia, former manager of Pag-IBIG fund Pampanga branch, to appear before the committee. Garcia was the branch manager who approved the alleged questionable loans for GAs Xevera projects using fake documents. Pag-IBIG president and chief executive officer Jaime Fabiana said all the loans for the Xevera housing projects were processed and validated by the Pag-IBIG branch in Pampanga.

John Cosico, Pag-IBIG legal and general counsel group vice president, said that out of the 9,145 loan accounts worth P6.68 billion that were given to GA by Pag-IBIG Fund, 944 were denied for housing loan and 1,021 buyers could not be located. Fabiana said they received reports about borrowers who were asked to sign loan documents in exchange for P1,000 to P5,000. During the hearing on the housing controversy, Lee admitted that GA failed to inform Pag-IBIG that some of the applicants were nonexistent. Lee said it could not be considered spurious accounts because the applicants could be overseas Filipino workers (OFWs) or have changed addresses and contact numbers. Pag-IBIG officials told the committees that GAs total loan takeout from Pag-IBIG for the Xevera projects and Sta. Barbara development loan amounted to P12.82 billion.

Loan takeout for the Xevera projects is P9.7 billion and an amount of P2.8 billion was released for Sta. Barbara project. It is not a special treatment or special privilege. We have to go through a lot of requirements before we are accredited, Lee said during the hearing. Pag-IBIG management formed a task force to investigate the spurious transactions and the probe team uncovered that some 1,000 borrowers could not be located. GA handled 20,000 accounts for the last 16 years with Pag-IBIG. Suddenly about 400 were found being questioned. We dealt with this and we are ready for replacement if only Pag-IBIG Fund will allow us, Lee said. As far as financial damage is concerned no single amount (was) lost by Pag-IBIG because all these are collateralized. If we can be allowed to remedy this we can solve this in one or two months. We have written Pag-IBIG but sadly nothing has happened, he said. Former vice president and Housing and Urban Development Coordinating Council (HUDCC) chair Noli de Castro said there was nothing wrong with the housing policy but the problem was implementation. De Castro said that he received reports about the problems in the documentation of borrower accounts for the Xevera projects months before he left as HUDCC chairman and he immediately brought this to the attention of Pag-IBIG management. I would like to personally assure both committees, as well as the general public including the millions of our kababayans who are members of the Pag-IBIG Fund, that there was no malice or any hidden agenda in the creation of the program that made Xevera projects possible, De Castro said. He said the only underlying motive was to harness available resources to make housing more affordable to more Filipinos within the confines of pertinent laws, rules and regulations. Pag-IBIG officer-in-charge Emma Linda Faria said Globe Asiatique paid for the monthly amortizations of buyers that the firm had admitted to be questionable even after an agency audit found out that these borrowers were nonexistent. Globe Asiatique has been making the accounts of hundreds of questionable buyers current by paying for their monthly amortizations even though they did not receive a single payment from these supposed buyers since their loans were approved, Faria said.

Faria said Pag-IBIG entered into an agreement with Globe Asiatique in 2008 in response to the need to provide housing for self-employed workers, domestic helpers, and overseas Filipino workers (OFWs). These workers were later categorized as Other Working Groups (OWGs). While Pag-IBIG had already been serving this segment of the population, there was no program specifically geared for them. When Globe Asiatique proposed to target this category, the Pag-IBIG agreed to start a pilot project, she said. Globe Asiatique was granted a funding commitment line of P5 billion for a period of three years. In turn, they committed to a buyback guaranty of 5 years instead of the regular 2 years, and a performing accounts ratio of 95 percent instead of 90 percent as required of other developers, Faria said. Faria said Pag-IBIG suspended GAs access to Window 1 or the express lane facility, cancelled the firms authority to conduct loan counseling, mandated pre-inspection of all loan applications, and canceled its Funding Commitment Line. Pag-IBIG has also cancelled the developers Collection Servicing Agreement (CSA), which authorizes the developer to collect monthly payments from member-borrowers and remit these to the Fund. Since the discovery of the questionable borrowers, Pag-IBIG has issued 2,108 Notices of Buyback to Globe Asiatique with a value of P1.45 billion. Lee said their company is the one which stands to lose money if the claims of alleged bogus borrowers are true since the company guaranteed every loan takeout in its housing projects. He said their company has already built all the housing units in the Xevera projects in Bacolor and Mabalacat, Pampanga, using its own funds before they were sold to Pag-IBIG members through loan arrangements. It is only when these loans are approved by Pag-IBIG and the housing units are turned over to borrowers that the company gets paid, he said. Pag-IBIG mess could have been prevented solon Posted on 03 Sep 2010 at 6:16pm MANILA, Philippines The housing mess involving Globe Asiatique Realty Holdings Corp. would not have happened had there been effective checks and balances on the firms transactions with state-controlled Home Development Mutual Fund, popularly known as the Pag-IBIG Fund, a lawmaker said on Friday.

Marikina Representative Romero Federico Quimbo, former chief executive officer of the Pag-IBIG Fund, said he hopes the committees of the House of Representatives that should investigate the scandal can immediately convene to look into how the housing fund was used for allegedly spurious housing loans and developments in Pampanga. Im concerned because, had they followed the procedure of check and balance, maybe this thing would not have happened, Quimbo said in a phone interview. Theres an assembly line of check and balance after the loan is processed, we want to find out where it went wrong. The Philippine Daily Inquirer, in a special report, alleged that at least P6.6 billion in housing loan proceeds were taken out by Globe Asiatique Realty Holdings Corporation for buyers of houses in its projects in Pampanga, who supposedly turned out to be fake Pag-Ibig members. Two lawmakers have filed separate resolutions calling for the investigation of the mess. Quimbo said he is willing to participate in the inquiry to tell the public what he knows about the Pag-IBIG Funds operations when he was CEO from 2002 to 2009. He said he did not encounter major problems with Pag-IBIG loans obtained for Globe Asiatique projects, which is why the firm was able to obtain a special loan window for the Other Working Group (OWG), or workers who are not formally employed but earn through small businesses. The Inquirer report said that Pag-IBIG Fund bent its rules, allowing Globe Asiatique to take out billions in housing loan proceeds for its Xevera housing projects in Bacolor and Mabalacat in Pampanga even when the units to be financed were unfinished, below standards, unoccupied or closed. Pag-IBIG execs liable for Globe Asiatiques billion-peso scams By Angie M. Rosales 12/16/2010 [ tribune.net.ph ] Senate probers hinted at possible liability of top officials of Home Mutual Development Fund (Pag-IBIG) in the multibillion-peso housing mess with Globe Asiatique Realty Corp. Sen. Sergio Osmea III, chairman of the committee on banks, financial institutions and currencies, said axe will likely fall on the board of trustees of Pag-IBIG at the time of the supposed transaction and former Vice President Noli de Castro will not be spared, if proven that he was at the helm of the project then. As the panel wrapped up its inquiry into the case and take up remaining matters in a series of technical working group (TWG) before the committee prepares its report, Osmea said those to be held accountable are those at the policy and operational level of Pag-IBIG.

At the policy level, the board of trustees (will likely be held responsible) because they opened a new lending window for GA and this information was held from the other interested parties. Also, they relaxed some of the requirements. They did not even impose the requirements on validation, he said in an interview with reporters. Asked if liability of officials could get to the top, which means De Castro being held accountable in the end, Osmea answered in the affirmative. Everybody whos on the board and if Noli (De Castro) is on the board, then (the answer is) yes. He is open to being questioned. Thats the reason why we invited him here (in the hearings), he said. He debunked news reports that the committee had cleared businessman Delfin Lees Globe Asiatique in relation to its liability in the housing irregularity. We never cleared Globe Asiatique or any of its officers. They are being charged with syndicated estafa by the Pag-IBIG. The evidence of fraud is overwhelming, he stressed, citing Pag-IBIG records that fictitious borrowers were submitted by Globe Asiatique to avail of millions of pesos of fund loans. A Pag-IBIG official indicated that Lees bad loans had already reached P4 billion. Also, Osmea said the committee has yet to determine what other laws were violated when officials and members of the board of the Pag-IBIG gave Globe Asiatique preferential treatment for its Xevera Pampanga housing project. He noted the admission of Juanito Eje, vice president of Pag-IBIGs Wholesale Lending Group, during last Thursdays committee hearing that Globe Asiatique enjoyed special treatment such as a higher funding commitment line of P5 billion, which is ten times higher than normal, and exemptions from requirements under Pag-IBIG Circular 259, all of which were not made available to other housing developers. Small housing developers who also attended the hearing confirmed they could only avail a maximum of P500 million funding. They were not informed that Pag-IBIG had made available to Globe Asiatique a funding that was 10 times bigger than the funding commitment line for housing. This is a breach of good management practice. The committee will check into collusion with and bribery of certain Pag-IBIG officials in defrauding the Fund, the senator said. Osmea reiterated that the purpose of the Senate committee hearing is to improve the process and plug the loopholes in the loan activities of Pag-IBIG by amending its charter. However, he said: If the committee finds any violation of criminal laws, it would not hesitate to recommend to the proper bodies the prosecution of those criminally liable.

Govt alone cannot meet housing need

BY RUELLE ALBERT D. CASTRO
By itself, the government cannot meet the current demand for housing, let alone address the backlog which is estimated at close to 4 million units.

Lawyer Darlene Marie B. Berberabe, Home Mutual Development (Pag-IBIG) Fund chief executive officer, said the government housing sector has the capacity of providing 150,000 homes only, against a yearly demand placed by the Housing and Urban Development Coordinating Council at 300,000 to 400,000 units. "Thus, it is imperative to encourage the private sector, particularly developers, to get involved in providing additional inventory for housing," she said. Berberabe said Pag-IBIG is continuously looking into ways to better carry out its mandate of mobilizing forced savings and investing these housing. "We are now reviewing our business model as well as our housing and provident guidelines," she said. Berbarabe was reacting to a Malaya Business Insight story quoting University of the Philippines professor Toby Melissa C. Monsod as saying the housing mutual fund has failed in fulfilling its mandate. Monsod said Pag-IBIG, for example, is not able to reach the bottom 20-30 percent of the poor. She said the reason is Pag-IBIG is extending financing only to those who are capable of paying monthly mortgage payments. Monsod also said the current business model of Pag-IBIG has been shown to be susceptible to abuse as in the case of Globe Asiatique Realty Holdings Corp. Berberabe said the charter of Pag-IBIG allows it to service "other working groups," including the informal sector, even if majority of its membership are formal income earners. "Majority of Pag-IBIGs membership are formally-employed workers, with a growing portion of this membership (now at around 9 percent) composed of overseas Filipinos registering as members," she said. "The housing needs of the bottom 20-30 percent of the poor are addressed by other shelter agencies like the National Housing Authority (NHA) and the Social Housing Finance Corp. (SHFC)," she added. Berberabe said the Globe Asiatique fiasco did not stem from defects in the institutional loan programs but from the companys breach of the warranties contained in its funding commitment agreement with the mutual fund. "As a result of the problem with GA, HDMF (Pag-IBIG) is now reviewing the entire system and the program and is looking at how access to loans can be maintained for its members without compromising the speed of processing and the integrity of the Fund," she said. "The system of enabling developers to pre-process and approve loans was put in place to enable more borrowers to access Pag-IBIGs housing loan program. It was not meant to provide financing for developers," she added.

Berberabe in an earlier interview with Malaya Business Insight said the new system might be in place this month or the next. Despite criticisms, Pag-IBIG remains the biggest provider of home financing. Berberabe said its exposure is more than all other government financing institutions combined and more than the total loan portfolio of banks. "HDMF still has the most affordable lending program with the lowest interest rates, the highest loan-to-collateral ratios, and the longest repayment terms compared to banks," she said. "For the period of January to November 2010, 79 percent of HDMFs housing loan takeouts were in the P1 million and below packages. Fifty percent of its total loan takeouts were in the P400,000 to P700,000 range, while 13 percent are in the P400,000 and below range," Berberabe said.

Todays Report Housing Czar pushes for Pag-IBIGs 70% investment in housing.
February 5, 2009

Vice President and concurrent Housing and Urban Development Coordinating Council (HUDCC) chairman Noli Kabayan de Castro thanked the two Houses of Congress for pushing the amendments in the Charter of the Home Development Mutual Fund (HDMF) or Pag-IBIG Fund. The Charter amendments seek to strengthen not only the Pag-IBIG Fund but the entire housing sector as well. He noted that the draft bills approved by the two Houses of Congress would restore the tax-exempt privilege of the Fund and authorize the board to set the contribution rates of members resulting in additional funds for the benefit of PagIBIG members. However, De Castro objected to the deletion of the provision in the Pag-IBIG Funds existing Charter stating it should invest not less than 70% of its investible fund to housing. Housing is one sector with a big multiplier effect on the economy. Every P1 million invested in housing translates to P16.6 million of economic activity in the country. At this time of the global financial crisis, we need to put our funds on industries that would stimulate the economy and create more jobs for our people, De Castro said. He urged Congress to restore the said provision to realize the prospective laws objectives of providing the Filipino citizens with sufficient shelter through the mobilization of funds for shelter finance. De Castros call for the restoration of the above provision is consistent with his recent announcement that the PagIBIG Fund is putting in at least P82 billion as part of the stimulus package being worked out by the Arroyo Administration. Of this amount, 70% or about P57.4 billion would be invested in housing. (from the newsroom of PagIBIG Fund website)

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how to become a member of Pag-IBIG Fund

February 5, 2009

ref: www.pagibigfund.gov.ph

MEMBERSHIP PROCEDURES AND REQUIREMENTS I. FOR WORKERS WITH REGULAR EMPLOYMENT Persuant to Republic Act 7742 which was fully implemented on January 1, 1995, membership to the Pag-IBIG Fund shall be mandatory for all employees covered by the Social Security System (SSS) and/or the Government Service Insurance System (GSIS) and who are earning at least P4,000.00 a month. This mandatory coverage is also extended to expatriates whose age is up to 60 years old and who are compulsorily covered by the SSS. In the absence of an explicit exemption from SSS coverage the said expatriate, upon assumption of office, shall be compulsorily covered by the Fund. Membership for employees who are earning less than P4,000 a month, including those who belong to other working groups shall be on a voluntary basis. Procedures on the Registration of Employers and its employees 1. Proceed to the Marketing and Enforcement Division of the concerned branch and request for a copy of the Membership Registration/Remittance Form (MRRF) [FPF060]. 1. Accomplish and submit two (2) copies of the MRRF together with the following supporting documents to the Marketing and Enforcement Division:

Members Data Form (MDF) of the employees Certificate of SSS Coverage and Compliance (for the current year), if private employer GSIS Certificate of Membership, if government employer

For Sole Proprietorship DTI Registration Mayors Permit/ Business Permit SEC Registration Articles of Partnership/Incorporation and By-laws

For Partnership/Corporation

Notes: 1. The original copy of the documents shall be presented for authentication. 2. Upon submission of complete documents, the Marketing and Enforcement Division shall issue the Payment Order Form (POF).
1. Proceed to the Cash and Administrative Services Division and pay the 1st monthly membership contributions (MC).

2. Upon payment, present the Pag-IBIG Fund Receipt (PFR) to the Marketing and Enforcement Division.
Notes: 1. The succeeding remittances shall depend on the following schedule:

First Letter of Company NameRemittance Schedule AD 10th to the 14th day of the month EL 15th to the 19th day of the month MQ 20th to the 24th day of the month RZ 25th to the end of the month
1. For the succeeding remittances, the MRRF may be submitted in diskette. <! Procedure of registration for first-time member-companies: 1. 2. 1. 2. Accomplish two copies of the Membership Registration/Remittance Form (M1-1). Prepare the following documents (2 photocopies): SEC registration or the companys DTI and SSS registration R3 and R1A forms (SSS registration and remittance forms)

2. Present all documents (M1-1, registration and SSS forms) to the Marketing Division of the concerned Pag-IBIG
branch office for verification (bring all originals for authentication). Secure referral slip from Marketing staff. 3. 4. 5. Proceed to the offices Cash Division for payment of first monthly remittance. Submit the referral slip prepared by the Marketing staff and all verified documents to the cashier. Succeeding remittance date shall depend on the schedule of payment of the office (see below). Accomplished M1-1 shall serve as the remittance form for succeeding payments. 6. Submit to the Marketing office 2 copies of the accomplished Members Data Forms (MDF) of all qualified employees to the Marketing Division on the second month after the first payment of contributions. 7. The names of newly-hired employees that are covered by RA 7742 should be included in the accomplished M1-1 form and their corresponding contributions duly remitted to the Fund. The accomplished MDF of the new employees shall be submitted on the following month. Schedule of Payments for Company-Members

First Letter of Company Name

Remittance Schedule

A-D E-L M-Q R-Z

>II. INDIVIDUAL-PAYORS/VOLUNTARY MEMBERS

10th to the 14th day of the month 15th to the 19th day of the month 20th to the 24th day of the month 25th to the end of the month

Employees who are not regularly employed and who belong to other working groups can join the Pag-IBIG Fund on a voluntary basis. How to join Pag-IBIG:

1. Accomplished and submit two (2) copies of the MDF and all required supporting documents to the Marketing and
Enforcement Division of the concerned Pag-IBIG branch office (bring all originals for authentication) 2. Secure Payment Order Form (POF) from Marketing and Enforcement Division and proceed to the Cash Division for payment of initial membership contributions (MC) 3. 4. Present all verified/stamped documents to the Marketing and Enforcement Division. Secure Payment Order Form before proceeding to Cash Division for payment of contribution REQUIREMENTS FOR INDIVIDUAL PAYORS (IP) SELF-PAYING (WAIVED COMPANY) Certificate of Employment & Compensation Latest Payslip Company ID SELF-EMPLOYED Latest ITR

<! > <!OPERATORS OR FRANCHISE HOLDERS Franchise Permit (under the members name) Official Receipt or Car Registration (under members name) Latest ITR (previous year) Two 11 ID pictures Latest Income Tax Return (ITR) with Financial Statement of the previous year certified by a CPA Certificate of Remittance/ESAV (for old members) Two 11 ID pictures SEC or DTI Registration (should be under the members name) Business Permit or Mayors Permit

> <!

Certificate of Remittance or ESAV Two ID pictures

>OVERSEAS FILIPINO WORKER (OFW) (For Reactivating Members only) Latest Contract of Employment Passport or any valid ID<! Latest and valid Contract of Employment (with POEA original stamp) Certificate of Remittance or ESAV Passport or any Valid ID/POEA license Two 11 ID pictures Special Power of Attorney (SPA), in case a representative shall submit the documents and pay the members contributions > <!SELF-EMPLOYED PROFESSIONALS PRC/BAR License Latest ITR (previous year) Certificate of Remittance or ESAV (for old members) Two 11 ID pictures

>UNEMPLOYED SPOUSE (For Non-Working Spouse) Written consent from member-working spouse Certificate of Employment and Compensation of member-working spouse Affidavit of Unemployment For member-spouse with business: Latest ITR <! Written consent from member-employed/working spouse Certificate of Employment and Compensation of member-working spouse (notarized) Affidavit of Unemployment Two 11 ID pictures If member-spouse has own business Latest ITR (previous year) Business Permit or Mayors Permit SEC or DTI Registration Monthly contributions of unemployed members (reactivating or non-working spouse) shall be P100.00

 The unemployed member has the option to upgrade his monthly contributions, but may not downgrade the amount Unemployed members may avail of the Multi-Purpose Loan but not a housing loan from Pag-IBIG Individual payors or voluntary members have the option to choose their terms of payment, e.g monthly, bi-monthly, quarterly, etc. > UNEMPLOYED (For Reactivating Members only) Affidavit of Unemployment