Pag-IBIG Fund

Highlights
Darlene Marie B. Berbarabe
President & CEO, Pag-IBIG Fund
 Twin Mandates of Pag-IBIG Fund
(Section 2 of RA 9679)
Pag-IBIG Fund
Pag-tutulungan sa kinabukasan: Ikaw, Bangko,
Industriya, at Gobyerno.

PROVIDENT
SAVINGS
To establish, develop, promote,
and integrate a nationwide sound
and viable tax-exempt mutual
provident savings system suitable
to the needs of the employed and
other earning groups; and
SHELTER
FINANCING
To motivate them to better plan and
provide for their housing needs, by
membership in the HDMF, with
mandatory contributory support of the
employers in the spirit of social justice
and the pursuit of national
development

Mandatory membership for Filipino workers

earning at least PHP 1,000 a month
 Pag-IBIG Fund Snapshot
Projected 2016
Dividend Rate

17 Million 4.6 M 4.84%

Projected 2016
Dividends

Members OFWs
27%
P15.80 B
11%
as of October 2016

₱434.47 B
INCREASE
vs. 2015

Total Assets
9.16%
INCREASE
Annualized 2016 vs. 2015

Projected 2016

119
Net Income

P22.57 B
23 10%
Branches Posts
Nationwide Worldwide
INCREASE
vs. 2015
Housing
Programs
 Housing Loans Programs
End-User Financing Affordable Housing
Program Program
Borrow up to ₱6M
Loan up to ₱750K
Multiple housing loans allowed
Loan term up to 30 years
Up to 2 co-borrowers

As High as 11.5%
INTEREST RATE of

5.5%* 52% 4.5%**

per annum
per annum
REDUCTION
For up to P450 K loans
*1-year re-pricing period **for the 1st 10 years
effective July 1, 2016 of loan term
 Projected 2016 Takeout

2016 Yearend Takeout

(Annualized)

VALUE UNITS
2016 P54.04 B 73,374

23% 24%

2015 P49.93 B 59,409

 Percentage Share of Affordable Housing
to Total Housing Loan Takeouts

2012 2016

99% 73%
No. of Units: 46,898 No. of Units: 73,374
worth P31.82 B worth P54.04 B

7k%
INCREASE in
number of units

1% 27%
Total HL Takeout
Affordable Housing
No. of Units: 287 Loan Takeout No. of Units: 20,104
worth P111.58 M worth P7.94 B
Housing Projects for LGUs

Estimated
Total Appraised Selling
LGU Project Name
Production Value Price
(Units)

P693 K – P450 K -
Malabon City L'Oasis Housing 674
P979 K P915 K

P600 K –
Bacoor City Grand Strikeville 4 872 P450 K
P613 K

Don Victor Ville

Lucena City 553 P564 K P450 K
Hsg. Proj.

San Carlos
SanCa Ville Subd. 500 P679,600 P450 K
City

Catbalogan LGU Catbalogan Pending house

1,400 P450 K
City City plans/models

LGU Cainta, P706 K – P650 K to

Domus One Cainta 290
Rizal P815 K P750 K
 Unprecedented PLR

Before

72% 91.6%
NOW

9/10
Borrowers are now
paying
net of allowance for impairment loss
Provident
Programs
 Provident Benefits
Government guaranteed
Tax-exempt
Free from withholding tax

20-year Membership period

Tax Free Dividends
Higher yield*

₱100
2015
still only Dividend Rate

per month
unchanged since 1980s
4.83% per annum
*compared with interest rates of regular savings account
 Modified Pag-IBIG 2 (MP2)

Minimum savings of only PHP 500/month

5-Year maturity period

Enjoy higher dividend earnings, tax free

2015
Dividend Rate

5.33%
per annum

*may vary year-after-year

Provident Benefit Claim
COVERAGE
Total Accumulated Value (TAV) can be withdrawn
upon the occurrence of any of the grounds for
termination of Fund membership

GROUNDS FOR WITHDRAWAL

Membership Maturity
Retirement
Permanent Total Disability or Insanity
Termination from service by reason of health
Permanent departure from the country
Death
Any other reason as may be approved for by the
Board of Trustees

Provident Claims (Jan to Oct 2016)

Amount P9.2 B
No. of Claimants 198,436
 Multi-purpose Loan Program
LOAN PURPOSE
House repair Health and wellness
Minor home improvement Livelihood
Home enhancement Other purpose
Tuition/educational expenses

BORROWER ELIGIBILITY
For active member who has made at least
24 monthly contributions
If with an existing loan, the account must not be in default
Up to 80% of TAV can be borrowed
24 months repayment period
Interest Rate

10.75%
Total MPL (Jan to Oct 2016)

Loan Value P37.40 B

Per annum
No. of Loans Approved 1.72 M
 Calamity Loan Program
LOAN PURPOSE
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.

BORROWER ELIGIBILITY
Residing in areas declared under state of
calamity
Filing within 90 days from the date of
declaration of the state of calamity
Up to 80% of TAV can be borrowed
Interest Rate 24 months repayment period

5.95%
Total Calamity Loan (Jan to Oct 2016)

Loan Value P1.35 B

Per annum
No. of Beneficiaries 101,949
 Pag-IBIG Loyalty Card

Up
to 50% DISCOUNT
ON MEDICINES

142
*with partner pharmas & drugstores

2.55 MILLION PESO POINTS on Groceries and Fuel

*with Puregold and Petron
Partner Establishments

15%
Cardholders Up DISCOUNT and counting
as of Oct. 2016
to ON TUITION FEES as of Oct. 2016
*with partner schools
Reduction
of Red Tape
Reduction of Red Tape

FASTER HOUSING LOAN

PROCESSING TIME

BEFORE NOW

25 16
DAYS DAYS
Reduction of Red Tape
REDUCED HOUSING LOAN
APPLICATION REQUIREMENTS

BEFORE NOW

14 7
 Reduction of Red Tape

TRIPLED BRANCHES
TO REACH MORE MEMBERS

BEFORE NOW

38 119
 Reduction of Red Tape
NOW
Better Customer Relations BEFORE

Double 60 150
PHONE LINES
the Service Level!
CALLS ANSWERED

24/7 CALL CENTER

within 20 sec.
CHAT MESSAGES
within 20 sec.
EMAILS ANSWERED
within 24 hours

EMAIL US AT: 63% EQUIVALENT TO

contactus@pagibigfund.gov.ph
SAVINGS P136 M
Improved Processes
 Improved Processes
IMPROVED
PROCESSING TIME FOR INSURANCE CLAIMS
OF HL BORROWERS

BEFORE
NOW

30 1
DAYS DAY
Improved Processes

MORE COLLECTING
PARTNERS

5,500+ almost
700
PAYMENT REMITTANCE
PARTNERS PARTNERS
NATIONWIDE ABROAD
Recognitions
Recognitions

Pag-IBIG maintains
ISO 9001 certification
All NCR branches
now ISO-certified
Recognitions
COA’S
UNQUALIFIED
OPINION
4-PEAT!
2012 2013 2014 2015
Recognitions
Recognitions
 Recognitions
BACK-TO-BACK
Excellent Net Satisfaction Rating

Dec. 2015 and Sept. 2016 Survey

December September
Survey Item
2015 2016
Net
Satisfaction* +70% +72%
Public
Awareness 79% 84%
*+70 and up rating = Excellent
Pag-IBIG Fund
Highlights
Thank You.