Frequently Asked Questions (FAQs)
Who should register with the Pag-IBIG Fund as members?
With the signing of Republic Act No. 9679, effective January 1, 2010 membership to the Fund shall be mandatory for the following:
- All employees, workers, professionals, officers and companies who are compulsorily covered by the SSS and GSIS
- 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
- All members of the judiciary and constitutional commissions
- Overseas Filipino Workers (OFWs)
- Filipinos employed by foreign-based employers, whether deployed locally or abroad.
How much is the Pag-IBIG contribution?
The initial monthly contribution is PHP 200.
What are the benefits of being a member of the Pag-IBIG Fund?
A Pag-IBIG member will enjoy the following benefits:
The contributions that an OFW member makes are credited to his Total Accumulated Value (TAV) or savings which are fully guaranteed by the national government.
The member’s savings earn annual dividends that are tax-free. The dividend rate varies depending on the net income of the Fund at yearend. For 2009 Pag-IBIG declared P8.5 billion in total dividends giving members a dividend rate of 5% on their savings.
Pag-IBIG savings are also portable, meaning, these remain in the name of a member even if he transfers employers, works abroad or becomes self-employed or even unemployed.
A member is entitled to borrow short-term loans offered by the Fund to help address immediate financial needs.
A member of good standing may avail of a Pag-IBIG home financing loan from the Fund with some of the lowest interest rates in the market, and repayment terms of up to 30 years. Pag-IBIG housing loans offer low monthly amortizations, making it possible for even low-salary employees to benefit from the program.
When can a Pag-IBIG member registered under the Mandatory Coverage (Pag-IBIG 1), withdraw his/her contributions?
A member may claim his Total Accumulated Value (TAV) after 20 years of membership with the Fund and after having made a total of 240 monthly contributions.
A member may also withdraw his savings before the 20-year maturity under these valid grounds:
- Permanent departure from the country
- Permanent or total physical disability
- Death of the member
- Termination from service by reason of health
- Optional withdrawal after 10 or 15 years of continuous contributions
What are the requirements to become a Pag-IBIG 1 member?
- Filled up Members Registration Form (MRF)
- Present original or photocopy of Philippine Passport / NRIC / E Pass / S Pass / Work Permit
Where can I register under the Mandatory Coverage?
- Philippine Embassy, 20 Nassim Road, Singapore 258395
- Iremit, 3rd flr Unit 69 Lucky Plaza
- Online Registration at Pag-IBIG Website
What proof should I present on applying for OEC?
- Valid Pag-IBIG Fund receipt or
- Receipt made to our accredited collecting agent / bank, see lists below.
Note: Member must present receipt of latest monthly contribution. (e.g Pag-IBIG member will get OEC for the month of July, he/she must present receipt paid for the month of July).
After payment, where can I continue my Pag-IBIG contribution?
- Metro Remittance (S) Pte Ltd- #03-30 Lucky Plaza
- Iremit (S) Pte Ltd – #03-69/70 Lucky Plaza
- Philippine National Bank – #02-30/31 & #03-02/07 Lucky Plaza
- Pinoy Express – 02-47 Lucky Plaza
- Brunphil – #02-83 Lucky Plaza
For more details, call:
MR. CHRISTIAN OLIVEROS
Tel No.: (65) 6737 3977 Loc. 106
H/P No. (65) 9853 3147