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.
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:
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
Not An Official Website of the Pag-IBIG Fund Philippines
Take note that this is not the official website of the Pag-IBIG Fund. If you are looking for that, consider the link below. http://www.pagibigfund.gov.ph
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.
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.
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.
Aside: If you are based in Australia, please check this Home Loan Australia website for your real estate loans.
What are the requirements for a Housing Loan?
--Click here for the document requirements. How much loan can I get?
--The maximum is P 3M. Actually, it alsodepends on your income and other factors. Can I pay 24 months in one time and get a loan?
-- No, not anymore since July 2010. What is my Pag-IBIG ID Number?
-- Please request this at the Pag-IBIG office. I am facing foreclosure. What should I do?
-- Please proceed to the Pag-IBIG office where you applied for the loan.
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About Pag-IBIG Financing Website
This website answers the most pressing questions any Pag-IBIG member would like to ask including: Real Estate Loans, Pag-IBIG Membership, Foreclosures, Remittances and Contributions, Home Financing and a whole lot more.
The articles on this website are written by two real estate fellows, Kyro Jo and Carlos Velasco.