Pag-IBIG Fund

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Pag-IBIG Fund

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The Pag-IBIG Fund, also known as the Home Development Mutual Fund (HDMF), is a cornerstone of financial security and housing support for Filipinos. Established in 1978, Pag-IBIG offers affordable home financing and a reliable savings program, ensuring a better future for its members. Here’s everything you need to know about Pag-IBIG membership, loan benefits, and the joy of retiring with Pag-IBIG.

Why Join Pag-IBIG?

Who Can Join?

  • Employees in the private and public sectors
  • Self-employed individuals
  • Overseas Filipino Workers (OFWs)
  • Voluntary members

How to Join?

  • Employees: Register through your employer.
  • Self-Employed/Voluntary Members: Register online or visit a Pag-IBIG office.

Contribution Rates

  • Employees: PHP 100 monthly (matched by employers)
  • Self-Employed/Voluntary Members: Minimum of PHP 200 monthly

Benefits of Pag-IBIG Membership

  1. Housing Loans
    • Low interest rates (as low as 3% per annum)
    • Loan amounts up to PHP 6 million
    • Repayment terms up to 30 years
  2. Multi-Purpose Loans (MPL)
    • Borrow up to 80% of your total savings
    • Uses include home improvement, education, medical expenses
    • Repayable in 24 months
  3. Calamity Loans
    • Available during natural disasters
    • Borrow up to 80% of your total savings
    • Repayable in 24 months with a 3-month grace period
  4. Savings and Dividends:
    • Earn annual dividends on your savings
    • Withdraw savings upon retirement, disability, or death

Applying for a Loan

Eligibility

  • At least 24 monthly contributions
  • Up-to-date contributions
  • Under 65 years old at loan application

Requirements

  • Housing Loan: Application form, proof of income, valid ID, property-related documents
  • MPL: Application form, valid ID, proof of income
  • Calamity Loan: Application form, valid ID, proof of residence in a calamity area

How to Apply?

  1. Check eligibility and gather documents.
  2. Submit your application at a Pag-IBIG office or online.
  3. Await loan evaluation and approval.
  4. Receive loan disbursement and begin repayment.

Retiring with Pag-IBIG

Retirement with Pag-IBIG means financial security and peace of mind. Enjoy the benefits of your Total Accumulated Value (TAV), including contributions and dividends, which can be a significant financial cushion. Whether you wish to continue entrepreneurial activities or simply enjoy a comfortable retirement, Pag-IBIG ensures your financial wellness.

Pag-IBIG Offices in Davao City

Pag-IBIG Fund Davao Branch

  • Address: Pryce Tower, Pryce Business Park, JP Laurel Ave, Bajada, Davao City, 8000 Davao del Sur
  • Contact Number: (082) 224-5864 / (082) 221-4350

Pag-IBIG Fund Davao Branch

  • Address: Pag-IBIG Fund Building, McArthur Highway, Matina, Davao City, 8000 Davao del Sur
  • Contact Number: (082) 299-0795 / (082) 299-0797

How do I become a member of Pag-IBIG Fund?

To become a member of Pag-IBIG Fund, you need to accomplish the membership registration form and submit it along with the required documents to the nearest Pag-IBIG branch, such as the Davao Branch. You can also register online through the Pag-IBIG Fund website.

What are the requirements for applying for a housing loan?

The specific requirements for a housing loan may vary depending on your circumstances and the type of loan you are applying for. Generally, you will need to provide documents such as proof of income, valid identification cards, proof of billing, and other supporting documents. It is best to inquire directly at the Davao Branch or visit the Pag-IBIG Fund website for a complete list of requirements.

How can I check my Pag-IBIG Fund contributions?

You can check your Pag-IBIG Fund contributions by visiting the Pag-IBIG Fund website and accessing the Member’s Online Verification System (MOVES). You will need to create an account and provide your Pag-IBIG Fund membership information to access your contributions.

Can I make contributions or payments at the Davao Branch?

Yes, you can make contributions or payments at the Davao Branch. They have designated counters or payment facilities where you can settle your contributions or loan payments. It is advisable to bring the necessary documents and your Pag-IBIG Fund membership number for easier processing.

How can I update my member information?

To update your member information, you can visit the Davao Branch and inquire about the required forms and documents for updating. You may need to provide supporting documents such as a valid ID, proof of address, or other relevant information.

What are the contact details of the Pag-IBIG Fund – Davao Branch?

The contact details of the Pag-IBIG Fund – Davao Branch, including their address, telephone number, and email, can be obtained through the official Pag-IBIG Fund website or by contacting their customer service hotlines.

Contact Info