MAKATI III BRANCH

Republic Act No. 9679

HDMF Law of 2009

HDMF is more popularly known

as Pag-IBIG FUND
Pag - Pagtutulungan sa Kinabukasan
I - Ikaw
B - Bangko
I - Industriya
G - Gobyerno

Mandatory 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 earning at least 1,000 a month
- Household-helper
(including drivers, gardeners, cook, nannies.)
- Employees whose monthly compensation is less
than seafarer
P4, 000 upon the signing of the contract
- Filipino

Contribution rates:
Employee
1,500 and below
Over P1,500

1%
2%

Employer
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.

ADVANTAGES 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 Guaranteed

When to withdraw
your 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

DEATH
Plus P6,000 death benefit grant/ Which ever is the lowest from TAV

LOAN PACKAGES
I.

Short Term Loan Program

- Multi-Purpose Loan
- Calamity Loan

II.

Long Term Loan Program

- Pag-IBIG Housing
Loan

MULTI-PURPOSE
MULTI-PURPOSE LOAN
LOAN
A contribution-based loan. Also known as
Salary Loan.

CALAMITY
CALAMITY LOAN
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.

QUALIFICATIONS:
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 calamitystricken.

-- MPL
MPL

Loan
Loan Amount:
Amount:
No. of Contributions
24-59 months
60-119 months
At least 120 months

Loan Amount
Up to 60% of TAV
Up to 70% of TAV
Up to 80% of TAV

-- Calamity
Calamity Loan
Loan
80% of his Total Accumulated Value (TAV)

Interest
Interest Rate:
Rate:

10.75% p.a. (Multi-Purpose Loan)

5.95% p.a. (Calamity Loan)
Loan
Loan Period:
Period:

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 accounts

Loan
Loan Renewal:
Renewal:
-- MPL
MPL
Loan renewal of MPL is upon payment of
at least six (6) months amortization
-- Calamity
Calamity Loan
Loan
May 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.

ISO 9001:
2008 Certified

Individual
Home
Financing
Program
HDMF CIRCULAR 310

Who are Eligible?

All Active Pag-IBIG
members with :

at least

24 months contributions

not more than 65 years old at

the
date of loan application,
insurable and
is not more than 70 years old
at the
date of loan maturity
Individual Home Financing Program

still on being Eligible

Must 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

Home Financing Program
Multi Purpose LoanIndividual
(MPL),
payments

Your Pag-IBIG Contribution

MONTHLY
CONTRIBUTION

LOAN ENTITLEMENT

P200

Up to 500T

P250

Over 500T 600T

P350

Over 700T 800T

P450

Over 900T 1.0M

P700

Over 1.4M 1.5M

P950

Over 1.9M 2.0M

P1,450

Over 2.9M 3.0M

P1,950

Over 3.9M 4.0M

P2,450

Over 4.9M 5.0M

P2,950

Over 5.9M 6.0M

Individual
Home
Financing
Program

Loan Amount
Shall be based on the

lowest of the following:

Actual Need
Capacity to Pay
Loan-to-Appraisal Value
Ratio
Individual Home Financing
Maximum Loan
Program
Amount

PhP
6M

Knowing the Basis of your

Loan
Actual Need
PRU: Selling Price
House Construction:

Total Construction

Cost

Refinancing: Outstanding Balance

Capacity
to Pay
35% of your Gross Monthly Income, for
loans up
to P1,250,000
30% of your Gross Monthly Income, for
loans over
P1,250,000

Knowing the Basis of your

Loan
Loan to Appraisal
Value
Ratio
LOAN
AMOUNT
PERCENTAGE ON
APPRAISAL
Up to 1.250M
Ex. Selling Price : 500,000
Capacity to Pay: P500,000

90%
Appraisal is P500,000 x
90% = PhP 450,000

Loanable Amount is PhP 450,000

Over P1.25M to P6M

80%

Ex. Selling Price : P2M

Capacity to Pay: P3M

Appraisal is P2M x 80%

=
PhP 1.6M

Interest Rate
Indicative Rates per
Loan
Re-Pricing Period
Amou
10- 15- 303-Yr 5-Yr
nt
Yr
Yr
Yr
Fixing Fixing
Fixing

Up to
P6M

7.985 8.985
%
%

10%

Fixing

Fixing

10.75 12.25
%
%

Individual Home Financing Program

Sample Monthly
Amortization
3 -Yr
5-Yr
10-Yr
Loan
Amount

7.985%

8.985%

15-Yr 30-Yr

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

11,668.5
9,158.99 10,044.29 10,969.64
2 13,098.71

18,669.6
2,000,000 14,654.38 16,070.87 17,551.43
3 20,957.93
28,004.4
3,000,000 21,981.57 24,106.31 26,327.15
4 31,436.89
37,339.2
4,000,000 29,308.77 32,141.74 35,102.86
5 41,915.86

30-year term

Individual Home
Financing
Program

Gross Monthly Income

Required
3-Yr
5-Yr 10-Yr 15-Yr 30-Yr
Loan
Amount
400,000

7.985%
8,373.93

8.985% 10.000% 10.75%

12.25%

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

104,789.6
3,000,000 73,271.92 80,354.36 87,757.16 93,348.14
4
117,009.5 124,464.1 139,719.5
4,000,000 97,695.89 107,139.14
4
8
2
122,119.8
146,261.9 155,580.2 174,649.4
30-year
term
5,000,000
6 133,923.93
3
3
1

Individual Home
Financing
Program

Contact us Now!
Business Development
Group
11th Floor of the Emar Suites Building
409 Shaw Boulevard, Mandaluyong City
Tel. No. 654-3335
Email:radelapaz@pagibigfund.gov.
ph
Visit our Website at
www.pagibigfund.gov.ph
Individual Home Financing Program

HDMF CIRCULAR NO. 276

Guidelines Implementing the

Modified Pag-IBIG II (MP2)
Membership Program

RDD

Objectives
To 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.

MP2 PROGRAM
The member may contribute a minimum of Five
Hundred Pesos (P500.00) per month.

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.

Other Provisions

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.

SUMMARY OF TAV FOR PAG-IBIG 2 MEMBERS

AT 5.5% AVERAGE DIVIDEND RATE PER ANNUM
MONTHLY
CONTRIBUTIONS

5 YEARS

10 YEARS

P 500.00

34,484.17

79,553.59

1,000.00

68,968.33

159,107.18

1,500.00

103,452.50

238,660.78

2,000.00

137,936.66

318,214.37

3,000.00

206,905.00

477,321.56

4,000.00

275,873.32

636,428.74

5,000.00

344,841.65

795,535.92

Pag-IBIG CITI
PREPAID CARD

Pag-IBIG
Pag-IBIG -- Citi
Citi Prepaid
Prepaid Card
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
What are
are the
the upfront
upfront benefits
benefits to
to the
the
Pag-IBIG
Pag-IBIG borrower?
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 Philippines

Greater
Greater Convenience
Convenience
No long lines and waiting time to claim
proceeds of your Multi-Purpose Loan from
Pag-IBIG Fund
No need to open a bank account or visit
check-cashing location
No lost or stolen checks
No need to carry cash
Zero Liability fraud protection

ON LINE REGISTRATION

website: www.pagibigfund.gov.ph

Ms. Olivia V. Zerrudo

Manager
Makati III Branch
5/F Justine Bldg., 317 Sen. Gil Puyat Ave., Makati City
Tel. Nos. 812-4731 loc. 501 or 502

DIVISION

TEL. NOS

EMAIL ADDRESS

Members
Contributions

817-2096
812-4731 loc 505

makati3_mcad@pagibigfund.gov.ph

STL/Claims

840-2502

jztolentino@pagibigfund.gov.ph

STL Accounting 812-4731 loc

801

makati3_stlad@pagibigfund.gov.ph.

Marketing

makati3_med@pagibigfund.gov.ph
pesolidum@pagibigfund.gov.ph

813-7351

THANK
YOU!
[Updated as of 01 December 2010]