Introducing The Pag-IBIG Fund Philippines
Pag-IBIG Fund is the other name, albeit an easy to remember one, of the Home Development Mutual Fund (HDMF). Pag-IBIG is an acronym which stands for...
Pagtutulungan sa Kinabukasan:
Ikaw,
Bangko,
Industriya, at
Gobyerno.
It is a government-controlled, Philippine corporation that serves as provident and housing fund, pooling together the investments of its members.
Essentially, Pag-IBIG Fund is a synergistic cooperation of its various stakeholders, which include the following:
- Ikaw -- mostly local employees of the Philippines with conterpart contributions from their employers. Individual paying members (Overseas Filipino Workers, self-employed, dependent members) may also become members of Pag-IBIG Fund.
- Bangko -- the local banking sector, plus other private financial institutions
- Industriya -- including the Housing Industry such as real developers, and private employers
- Gobyerno -- the Philippine Government
Established in June 11, 1978 through Presidential Decree No 1530, the Fund has two very important mandates, namely:
- Geration of Savings by pooling together the contributions of its members.
- Home Financing by providing housing loans to its members at a low interest and long term payment.
Up to this day, the Pag-IBIG Fund has become the partner of the Filipino in realizing his dream of owning real property at an affordable price. Indeed, it is living up to its name of helping and uniting the four sectors of society, namely: the Filipino people, the financial sector, the industrial sector and the government sector, to achieve the future that they have always wanted by providing homes for Fund members through the creation of an efficient savings system.
Pag-IBIGFinancing.com IS NOT The Pag-IBIG Fund Website!
A quick disclaimer at the onset: Take note that this is not the official website of the Pag-IBIG Fund. If you are looking for that, consider the link below.
The team behind this website is trying their best to provide you with the much needed information regarding your concerns as a member of the Pag-IBIG Fund. Over the couple of years, we have encountered recurring questions from Pag-IBIG members (and those who want to become members) desperate to get answers to their simple inquiries. Why they have come to us is still unknown. But one thing is sure, they can't get it from the Pag-IBIG Fund website.
Pag-IBIG Education
You can think of this website as an educational resource for learning more about Pag-IBIG Fund, how you can benefit from it and how to properly utilize the Fund on which you are a member, and maybe your friends and relatives too.
Eventually, we hope that you will enjoy being a member of Pag-IBIG Fund whether you are based locally in the Philippines, or a Filipino Expat working abroad.
Recent Articles on PagIBIG Financing .com Website
- Capital Gains Tax, Other Real Estate Fees You Should Know
- Real Estate Location : The Good, The Bad and The Ugly
- Email Exchange : Buying Preparation, Unpaid Amortization, Membership Reactivation, etc
- Pag-IBIG Real Estate For Sale, April 2012
- The Challenge: Design A Single-Family House, Maximum Cost = P 200,000
- How To Bid On Foreclosed Real Estate
- Email Exchange : Member’s ID Number, Reservation Fee, Etc
- Tips on Buying Titled Real Estate In The Philippines
- Pag-IBIG Real Estate For Sale, February 2012
- Land Title : How To Register and Transfer It In Your Name As The Real Estate Buyer
Can I Get A Loan From Pag-IBIG Fund?
Ooops... not so fast, my friend.
If you are a member of the Pag-IBIG Fund, we know that one day, you will be in a situation where the question of getting a housing loan through Pag-IBIG will pop up your mind.
Don't worry, this website will answer that question plus a couple of others including:
- Pag-IBIG Membership -- how to become a member and the benefits of becoming one.
- Pag-IBIG Overseas Program -- this is especially useful for expat Filipinos and Overseas Filipino Workers (OFW's)
- Housing Loans and Real Estate Financing -- discover how you can take advantage of Pag-IBIG Housing Loan Program for your real esate project
- Personal and Other Types of Loan -- Pag-IBIG is not just about Housing Loans, learn about the other benefits you can get as a member
Important Notes on Pag-IBIG Financing Website
We have been loaded with questions from visitors since we first launched this website. Many of these questions have been repeated by one visitor and then the next. Luckily for you, we have dedicated a single page to answer these questions -- the FAQ Page.
The FAQ Page should be your first stop. Before you email us your questions, please, please check first if an answer has already been provided at the FAQ Page.
Quick Links
Pag-IBIG Overseas Program:
- The Home Development Mutual Fund Law of 2009 -- Important things OFWs should know about the New Pag-IBIG Fund Law.
- Overview of Pag-IBIG Overseas Program -- What it is and how you can benefit from it.
- Pag-IBIG Overseas Office -- Check if there is a branch or sattelite office in your host country.
- Pag-IBIG Payment Options -- There are many ways of sending your payments to the Pag-IBIG Fund.
Pag-IBIG Fund Membership
- The Benefits of Becoming A Member of Pag-IBIG -- Aside from the Housing Loan, did you know that there are other services that you can avail by becoming a member of the Pag-IBIG Fund?
- How To Become A Member? For Employees and Employers.
- Voluntary Membership -- For Self-employed, Freelancers, OFW, etc
- Pag-IBIG Fund Membership Q and A -- Everything you want to know about your membership.
Pag-IBIG Housing Loan
- How Your Income Affects Your Loan Entitlement -- A maximum housing loan Pag-IBIG can give is PhP 3M. Can you get that much loan?
- Are You Qualified for A Loan? -- Here's how to find out.
- Housing Loan Document Requirements -- First, you have to make sure that you are a member for at least 24 months. Then read the article.
- Basics of Pag-IBIG Housing Loan -- Read this to understand what Pag-IBIG Housing Loan is all about, what type of real estate can it be used to finance, interest rates, etc.
- Foreclosure 101 -- Understand how foreclosure happens. It is a must for all Pag-IBIG members to know about this.
- Land Title and Other Collateral Requirements -- A Pag-IBIG Home Loan is a secure type of loan. Get to know the kind of Land Title that are acceptable as collateral.
- Home Loan Denied? -- Relax! Maybe there are other options. Or maybe it's not yet the right time.
Other Pag-IBIG Topics
- The Pag-IBIG II Program -- What is Pag-IBIG II and how does it differ with the regular Pag-IBIG Program?
- The Pag-IBIG Multi-Purpose Loan -- This is a short-term loan open to all Pag-IBIG Fund Members.
- Buying A Foreclosure Unit? -- Read this or be sorry.
Feedbacks And Comments From Visitors
- admin on Money Matters: Pag-IBIG Fund Provident Savings and Provident Claims :
@Gilda: Please verify that one at the branch where his records are kept.... » - admin on Your Money In Pag-IBIG Fund :
@eds: The minimum contribution is P 100 per month. Maximum housing loan amount is P 3 Million. 1. Yes 2. Any amount not excedding 3M is possible, but there are qualification requirements. 3. ... » - admin on Mortgage Loan Fundamentals :
@aileen: In your case, here are the most important things to remember: 1. The lot title must be in the name of the member-borrower, your husband. 2. The maximum loan amount is 3M, but the borro... » - eds on Your Money In Pag-IBIG Fund :
Thru: ADMIN DEPT. CONCERN: HOW MUCH THE MAXIMUM LOANABLE AMOUNT FOR MONTHLY CONTRIBUTION OF PHP50 ONLY. RELATED QUESTIONS: 1.IS IT OK TO APPLY FOR A LOAN WEATHER I AM NOT THE ONE WHO WILL SIGN TH... » - Gilda Martinez on Money Matters: Pag-IBIG Fund Provident Savings and Provident Claims :
Hi! I am a wife of your member. Just want to ask if my husband's personal informations in your data bank are different from what is written into his birth certificate, like for example his middle name... » - aileen on Mortgage Loan Fundamentals :
hello admin... my husband is a public school teacher..my parents bought a lot,we plan to put up an apartment out of that lot..parang family business ba..sa parents ko yung lot samin nman yung money... » - jacq on The Pag-IBIG Housing Loan Process :
Hi Admin... Try ko pong tumawag sa Main office pero walang ans.. gusto ko lang pong malaman kung accredited nyo po yung Cityland Devt' Corp. Kasi po balak ko pong ipasok yung nakuha kong unit sa ka... » - admin on More on Pag-IBIG Multi-Purpose Loan :
@Ferdz: There are qualifying factors that they consider in evaluating an applicant. A good start is to understand the loan process. Please read this link: http://www.pagibigfinancing.com/articles/... » - admin on Money Matters: Pag-IBIG Fund Provident Savings and Provident Claims :
@ferdinand: Yes, you can register online from this link: http://www.pagibigfund.gov.ph But, take note, it is still best to do it at the office or branch. If you have a representative here in th... » - admin on For Employees : How To Become a Pag-IBIG Fund Member? :
@Jissa: Sorry, but Pag-IBIG Housing Loan is only applicable to residential type of properties. @rael: Yes, your wife can process it on your behalf. Here's a good starting point: http://www.pag... » - admin on Voluntary Membership To Pag-IBIG Fund: The Self-Employed, Freelancers, And Non-Employees :
@Baj: You should be under the self-employed category. But that one requires that you have a registered business. One of the ways you can do that is to set up a sole proprietorship. As to your miss... » - admin on The Pag-IBIG Housing Loan Process :
@Rebecca: Yes, the seminar is only valid for 6 months. Beyond that, you need to attend again.... » - admin on The Pag-IBIG Multi-Purpose Loan :
@Rosanna: You will be required to update your membership by contributing anew for you to be able to apply for a loan.... » - Ferdz on More on Pag-IBIG Multi-Purpose Loan :
hi, ask ko lng paano maka avail ng house improvement loan? more than 15 yrs. na ako member. How much is the maximum loanable amount? thanks... » - ferdinand t . ramirez on Money Matters: Pag-IBIG Fund Provident Savings and Provident Claims :
gusto kung mag member ng pag ibig saving yung 1000 per month, pwedi po bang mag registered through on line tapos sa bangko na ako mag babayad ano po ba ang kailangangan requirement, at saan ko po... » - Jissa on For Employees : How To Become a Pag-IBIG Fund Member? :
hi! ok lng po ba ung mgloan gamit ung term na lot purchase pra ikuha sa isinanlang agricultural land?... » - Baj on Voluntary Membership To Pag-IBIG Fund: The Self-Employed, Freelancers, And Non-Employees :
Hi. So where will the freelancers/consultants fall here? I have no contract - just an online job like a project-base system with no definite salary nor documentation related. How should I proceed ... » - REBECCA on The Pag-IBIG Housing Loan Process :
Dear Admin, Thanks a lot for answering my question. Follow up question lang po, nakapag-attend na po ako ng seminar/counselling sa PAG-IBIG Makati last year pero di po natuloy yung plano ko sa p... » - Rosanna Marasigan Atchivara on The Pag-IBIG Multi-Purpose Loan :
Dear sir/madam: I want to continue my contributions, I've got only 25 contributions since Jan 1995 up to May 1997. Can I apply for for MPL anytime or do I need to continue my contributions first be... » - admin on How Your Income And Contributions Affect Your Housing Loan Entitlement :
@Trev: Since both of you have a housing loan already, you can't take another one anymore unless you pay your existing loan first.... »
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