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Contents

Membership Coverage

Membership Savings

Short-Term Loans

Enhanced e-Services

Payment Facilities

Pag-IBIG Overseas Desks


 

Membership Coverage

With the implementation in January 2010 of Republic Act No. 9679 (RA 9679), also known as the Home Development Mutual Fund Law of 2009 (HDMF Law of 2009), mandatory Fund Coverage has been expanded to include overseas Filipino workers (OFWs). Voluntary membership is also open to all Filipino immigrants, Filipinos naturalized in other countries, and permanent Filipino residents abroad.

 

Membership Savings

 

Pag-IBIG I Savings Program

The Pag-IBIG I Savings Program allows Overseas Filipinos to grow their hard-earned money bigger than what it would earn in banks. In 2018, Pag-IBIG declared 6.91% dividend earnings, or amounting to PhP28.23 Billion which were credited proportionately to the members’ accounts, tax-free.

Sample Computation of Pag-IBIG I Savings (Php)
Monthly Savings Savings in 20 Years Total Dividends Earned at 6.09%*

Total Accumulated Savings in 20 Years

with 6.09% Dividend Rate

200.00 48,000.00 44,085.00 92,085.00
600.00 144,000.00 132,254.99 276,254.99
1,200.00 288,000.00 264,509.97 552,509.97
2,000.00 480,000.00 440,849.96 920,849.96
3,000.00 720,000.00 661,274.93 1,381,274.93

*6.09% was based on average dividend rates from 2014-2018. Actual dividend rate is based on the yearly income of the Fund.
 

 

Pag-IBIG Fund guarantees the refund of member's savings or Total Accumulated Value (TAV), which consists of the member's personal savings, employer counterpart (if any), and all dividend earnings upon occurrence of any of the following grounds:

a. Membership maturity after 20 years and 240 monthly membership savings

b. Retirement at the age of 65 or Optional retirement upon occurrence of any of the the following events, provided the member is not a housing loan borrower:

b.1 Actual retirement from SSS and/or GSIS

b.2 Actual retirement from government service by provision of law

b.3 Retirement under a private employer’s provident/retirement plan, provided that the member is at least 45 years of age at the time of retirement

b.4 Reaching the age of 60

c. Permanent total disability or insanity

d. Termination from service by reason of health

e. Permanent departure from the country

f. Death

g. Critical illness (cancer, organ failure, heart-related illness, stroke, neuromuscular-related illness) of the member or any of his immediate family member, as certified by a licensed physician, subject to approval

h. Other meritorious grounds as may be approved by Board

 

 

Modified Pag-IBIG 2 (MP2) Savings Program

The Modified Pag-IBIG 2 (MP2) Savings Program is a voluntary savings program with higher annual dividend rate than that of Pag-IBIG I. In 2018, the dividend rate for MP2 was 7.41%. The dividend earnings are free from 20% withholding tax. Under this program, members may save a minimum of PhP500 each month over a period of only 5 (five) years. An MP2 saver may have the option for annual dividend pay out or compounded dividend earnings.

 

Monthly Remittance

Monthly Remittance Savings in 5 Years Total Dividends Earned at 6.59%* Total Accumulated Savings in 5 Years with 6.59 Dividend Rate
500.00 30,000.00 5,444.90 35,444.90
1,000.00 60,000.00 10,889.79 70,889.79
5,000.00 300,000.00 54,448.96 354,448.96
10,000.00 600,000.00 108,897.91 708,897.91

 

One-Time Remittance

Remittance Total Dividends Earned at 6.59%* Total Accumulated Savings in 5 Years with 6.59 Dividend Rate
30,000.00 11,276.57 41,276.57
60,000.00 22,553.13 82,553.13
300,000.00 112,765.67 412,765.67
600,000.00 225,531.33 825,531.33
1,000,000.00 375,885.55 1,375,885.55

*6.59% was based on average dividend rates from 2014-2018. Actual dividend rate is based on the yearly income of the Fund.

 

 

Upon membership maturity of five (5) years, should the member decide to continue his/her availment of MP2 program, there is a need to apply for a new MP2 account.

Pre-termination or withdrawal of MP2 savings by Pag-IBIG I members, prior to maturity, shall be allowed under any of the following circumstances, as applicable:

a. Total disability or insanity

b. Separation from service by reason of health

c. Death of the member or any of his/her immediate family member

d. Retirement

e. Permanent departure from the country

f. Distressed member due to unemployment limited to layoff and/or closure of company

g. Critical illness (cancer, organ failure, heart-related illness, stroke, neuromuscular-related illness) of the member or any of his immediate family members, as certified by a licensed physician, subject to approval

h. Repatriation of OFW member from host country

i. Other meritorious grounds as may be approved by the Board

Pre-termination of MP2 membership for reason other than those allowed, the member shall only be entitled to the following:

  1. 50% of the total dividend earned as penalty for the pre-termination of MP2 savings of members who opted for compounded dividends; or
  2. Only contributions of members who opted for the annual dividend payout

 

Short-Term Loan Programs

 

Multi-Purpose Loan (MPL) Program

Pag-IBIG Fund answers to the member’s immediate financial needs such as minor home improvements, additional capital in small business, tuition/educational expenses, etc. through the Multi-Purpose Loan Program. This loan will be repaid over a maximum period of twenty-four (24) months and bears an interest rate of 10.5% per annum.

 

Calamity Loan Program

           

The Calamity Loan Program aims to provide financial assistance to Pag-IBIG Fund members who have been victims in calamity-stricken areas, pursuant to the directive of the President of the Philippines. It has a reduced interest rate of 5.95% from the previous 10.75% and a loanable amount of 80% of the total savings.

 

Home Lending Programs

Home-ownership has also been made simpler and more economical for Pag-IBIG Fund members. Under the End-User Home Financing Program, the Fund increased the maximum loan amount from the previous P3 million to P6 million. The interest rates will be re-priced periodically depending on the chosen re-pricing period of the borrower.  Effective January 2019, the interest rates for each re-pricing period are 5.375% for 1-year period, 6.375% for 3-year period, 7.270% for 5-year period, 8.035% for 10-year period, 8.585% for 15-year period, 8.800% for 20-year period, 9.050% for 25-year period and 10.000% for 30-year period. The Pag-IBIG housing loan may be used to finance any one or combination of the following:

  1. Purchase of fully-developed residential lot or adjoining residential lots not exceeding 1,000 square meters
  2. Purchase of a residential house & lot, townhouse, or condominium unit, inclusive of a parking lot
  3. Construction or completion of a residential unit on a residential lot owned by the borrower or a relative of the borrower (up to the second civil degree of consanguinity or up to the first civil degree of affinity)
  4. Home improvement on the house owned by the borrower or a relative of the borrower (up to the second civil degree of consanguinity or up to the first civil degree of affinity), or on a property currently secured under a Contract-to-Sell (CTS) or Deed of Conditional Sale (DCS) between Pag-IBIG Fund and the buyer
  5. Refinancing of an existing housing loan; provided that the borrower must be regularly paying without any payment made beyond thirty (30) days past due for the last six (6) months from the date of application
  6. For retail housing loan applications, purchase of residential lot or unit plus cost of transfer of title

Meanwhile for minimum wage earners, the Fund has come up with the Affordable Housing Loan Program in which the interest rates are 3% and 6.5% annum, depending on the gross monthly income and place of residence of the borrower.

 

Enhanced e-Services

To reach out to a greater number of Filipino workers in every corner of the world, Pag-IBIG Fund has enhanced its e-services to include:

  • Membership Registration (Pag-IBIG I)
  • MP2 Enrollment System
  • Online Payment (Pag-IBIG I) Facility (using Visa/MasterCard issued credit cards)
  • Housing Loan Application
  • Housing Loan Payment Verification

Access www.pagibigfundservices.com for the above-mentioned e-Services.

Pag-IBIG Fund established a 24/7 contact center to attend to queries of members, including OFWs. Services cover the following contact points: calls at the Pag-IBIG hotline (63-2)724-4244 (call charges apply), chat at the chat link located at www.pagibigfund.gov.ph, and email to This email address is being protected from spambots. You need JavaScript enabled to view it.. A dedicated email address, This email address is being protected from spambots. You need JavaScript enabled to view it., was also created to ensure that all email queries from OFWs are likewise attended to immediately.

Likewise, Pag-IBIG Fund has forged and implemented collection servicing agreements with banks and remittance companies worldwide. Recently, the online payment via Visa and MasterCard credit cards was launched. This facility conveniently allows members to remit their monthly Pag-IBIG Fund savings anytime, anywhere. The e-services complement Pag-IBIG Fund’s 23 overseas desks in countries with high concentration of overseas Filipinos, and 124 branches in the Philippines.

 

 

Payment Facilities

 

Over-The-Counter Payment Facilities

  • Asia United Bank collecting agents
  • CashPinas collecting agents
  • iRemit, Inc. offices and its collecting agents
  • Philippine National Bank
  • Ventaja International Corporation collecting agents (including PayPilipinas)

Electronic Payment Facilities

  • Online Payment via Credit Card powered by Visa or MasterCard
    • Globe GCash Mobile Application

Access www.pagibigfund.gov.ph/payments/paymentfacilities.html for the complete list and guide for Pag-IBIG payment facilities.

 

Pag-IBIG Overseas Member Services Desks

Presently, Pag-IBIG Fund has a total of twenty-three (23) overseas posts in Asia Pacific, Europe, Middle East and North America with operations in Philippine Embassies, Philippine Overseas Labor Offices (POLOs) or Philippine Consulate General Offices to extend frontline services on membership registration, facilitate remittance of membership savings and loan amortizations, and assist in the availment of provident claims and loan benefits.

Access https://www.pagibigfund.gov.ph/directory/overseas.html for the directory of Pag-IBIG overseas posts.

Philippine Trade and Investment Centre London

Address: 1A Cumberland House, Kensington Court, London W8 5NX (map)
Tel: (44) 20 7937 1898 / 20 7937 7998 / Fax: (44) 20 7937 2747
This email address is being protected from spambots. You need JavaScript enabled to view it. / This email address is being protected from spambots. You need JavaScript enabled to view it.www.investphilippines.gov.ph 

 

Philippine Department of Tourism London

Address: 2/F No. 10 Suffolk Street, London SW1Y4HG (map)
Tel: (44) 20 7321 0668 / Fax: (44) 20 7925 2920 
This email address is being protected from spambots. You need JavaScript enabled to view it. / http://www.morefunphilippines.co.uk/

 

Philippine-British Business Council (PBBC)                                                                                                                   http://philippinebritish.com

 

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* The Philippine Embassy in London is not affiliated with any of these websites.

The EDSP is a scholarship grant offered to qualified beneficiaries/dependents of OWW members who intend to enroll in any 4-5 years baccalaureate course. It shall be in the form of financial assistance amounting to 30,000 per semester. Tuition fees shall be paid directly to the school while the remaining amount shall be released to the scholar upon submission of the grades for the semester.

 

 

General Eligibility Requirements

1.     Must be child of an OWWA member, or brother/sister of an unmarried OWWA member.

2.     Must be below 21 years old.

3.     Must be a High School graduate with a general average grade of at least 80%.

4.     Must Pass the qualifying examination conducted by the Department of Science and Technology-Science Education Institute (DOST-SEI) and

5.     Must not be a recipient of any scholarship award.

 

 

Procedural Policies

1.     Availments are by voucher system and scholarship must be availed on the specific period indicated in the vouchers.

2.     Availees are subject to regular evaluation and assessment

3.     Schorlarship grant is non-transferable; and

4.     Outstanding graduates shall be recognized and awarded accordingly.

 

 

Documentary Requirements

1.     Accomplished Application Form (2sets)

2.     Two (2) copies of 1×1 ID pictures.

3.     Proof of relationship to OWWA member (i.e., copy of Marriage Contract and/or Birth Certificate of both member and applicant-dependent duly certified by the Local Civil Registry)

4.     For 137 / High School Report Card.

 

 

Selection Criteria

All qualified applicants shall be selected and ranked according to their performance in the qualifying examination for the scholarship.
The Scholars shall be selected and recommended by the OWWA Scholarship Committee. The approval of the Administrator is final and unappealable.

 

 

Program Services Division
National Capital Region
2nd Floor OWWA Center
F. B. Harrison St. Cor. 7th St., Pasay City

 

 

Phone: 832-1268 / 551-6643
Fax: 804-0640
Email address: This email address is being protected from spambots. You need JavaScript enabled to view it.

The program intends to provide job-related skills training in priority maritime courses identified by the Maritime Training Council (MTC), designed to upgrade knowledge and skills, develop expertise and update skills in accordance with technological advancements and international maritime standards.

Nature of grant

The Seafarers Upgrading Program shall be in a form of training assistance with be in a for of training assistance with OWWA assuming training cost ranging from P1,200 to a maximum of P7,500 (inclusive of the meal and transportation allowances, in the case of trainees referred at NMP).

Availment requirements

All Filipino seafarers who are OWWA members shall be entitled to avail of the program once every three (3) contributions. Availment may be assured upon first (1st) payment.

Documentary requirements

Applicants must submit the following requirements.

$11.     Accomplished application form

$12.     Seaman’s identification and Record Book (SRIB)

$13.     Pre-qualification and admission report issued by the training center

$14.     1” X 1” photo (2 copies)

$15.     Latest residence certificate

In Regional Offices where there are no Maritime Training Center – accredited training centers/institutions or where there are no IMO listed upgraded courses, applicants shall be referred to and monitored at the nearest region.

Course offerings

The program shall include scholarships in courses relevant to identified skills needed in the international maritime market, such as:

·         Advanced Training in Firefighting

·         Proficiency in Survival Craft and Rescue Boat

·         Medical Emergency – First Aid (MEFA)

·         Tankerman’s Courses

·         Shore-Based Firefighting

·         Specialized Tankerman’s Course

·         Advanced Training in Oil Tanker

·         Advanced Training in Chemical Tanker

·         Advanced Training in Liquefied Gas Tanker

·         Marine Pollution 73/78 Annex I (MARPOL I)

·         Marine Pollution 73/78 Annex II (MARPOL II)

·         Carriage of Dangerous Goods / Hazardous Materials

·         Crude Oil Washing / Inert Gas System

·         Specialized Tankerman’s Course

·         Ratings Forming Part of Navigation Watch (Deck Watchkeeping for Ratings)

·         Ratings Forming Part of Engineering Watch (Engine Watchkeeping for Ratings)

·         Telecommunication Courses

·         General Operator’s Course for Global Maritime Distress Safety System (GOC for GMDSS)

·         Radio Electronics Officer’s Course

·         Other Upgrading Courses

·         Deck Section

·         Electronic Navigation System

·         Ship Handling and Maneuvering

·         Radar Observation and Plotting Course (ROP)

·         Radar Simulator Course (RSC)

·         Operational Use of Automatic Radar Plotting Aids (ARPA)

·         Practice of Navigation / Aids to Navigation

·         Basic Stability / Trim and Stability

·         Marine Meteorology

·         Safe Cargo Handling and Stowage

·         Engine Section

·         Electro-Technology

·         Auxiliary System

·         Steam Plant / 4-Stroke Diesel Engine

·         Control Engineering

·         Marine Electricity

·         Marine Electronics

·         Marine Refrigeration and Air Conditioning

·         Modern Marine Propulsion System

·         Hydromechanics (Hydraulics / Pheumatics)

·         Other Courses

·         Shipboard Culinary Course

·         Shipboard Welding Course

Program Services Division
National Capital Region
2nd Floor OWWA Center
F. B. Harrison St. Cor. 7th St., Pasay City

Phone: 832-1268 / 551-6643
Fax: 804-0640
Email address: This email address is being protected from spambots. You need JavaScript enabled to view it.

An OWWA member-OFW is entitled to services and benefits over and above the provisions of the employment contract offer of employers or the laws of the receiving country. For an £18.00 membership contribution (renewable every two years, or for the duration of his/her contract if its less than two years), an OWWA member is entitled to the following benefits and services:

 

Insurance and Health-Care Benefits

 

 

Life Insurance - A member is covered with life insurance for the duration of his employment contract. The coverage includes Php 100,000.00 for natural death and Php 200,000.00 for accidental death.

 

 

Disability and Dismemberment Benefits

A member is entitled to disability/dismemberment benefits as a rider provision of his life insurance as provided for in the impediment schedule contained in the Manual of Systems and Procedures. The coverage is within the range of P2,000.00 to P50,000.00

 

 

Total Disability Benefit

A member is entitled to P100,000.00, in case of total permanent disability.

 

 

Burial Benefit

A burial benefit of P20,000.00 shall be provided in case of the member’s death.

 

Education and Training Benefits

 

A member may avail for himself or his duly designated beneficiary any of the following scholarship programs, subject to a selection process and accreditation of participating institutions.

 

 

Skills-for-Employment Scholarship Program

For technical vocational training scholarship.

 

 

Education for Development Scholarship Program for baccalaureate courses - A maximum of P10,000.00 for school fees and P20,000.00 for allowances per semester shall be provided. (See EDSP for more details)

 

Seafarers’ Upgrading Program for sea-based members

 

Member seafarers shall be entitled to one upgrading program for every three (3) membership contributions. Qualified grantees shall be provided with training assistance from P1,200.00 to a maximum of P7,500.00
(See SUP for more details)

 

Social Services and Family Welfare Assistance

 

Repatriation Program

Members may avail of repatriation services whenever necessary.

 

 

Reintegration Program

Members may avail of the Reintegration Program of the Department of Labor and Employment. This includes community organizing, capability-building, social preparation programs and livelihood loans. (See Livelihood Development Prog. For OFWs)

 

 

Workers Assistance and On-site Services

Members may avail of on-site assistance such as locating the OFWs, providing information and guidance, developing materials of the Pre-Departure Orientation Seminars, conducting psycho-social counseling, conciliation services, medical and legal assistance, and outreach missions, among others.