Guidelines on the Pag-Ibig Overseas Program

The Pag-IBIG Overseas Program (POP) is a voluntary savings program which aims to provide Filipino overseas contract workers ,immigrants and naturalized citizens the opportunity to save for their future and the chance to avail of a housing loan of as much as P3,000,000.00

MEMBERSHIP

Coverage:

Membership under the Pag-IBIG Overseas Program (POP) shall be open to all Overseas Filipino Workers (OFWs) with valid visas or employment contracts. Likewise, it shall be open to Filipino immigrants and to Filipinos naturalized in other countries.

Contribution Rate:

The POP member shall contribute monthly an amount equivalent to US $5. Should a POP member decide to apply for a housing loan and which to avail of a higher loanable amount, he would be required to upgrade his membership contribution as follows:

PAG-IBIG Membership Contributions

Loan Amount

POP

Pag-IBIG I & II

US $ 5

200

Up to P500,000

US $ equivalent at point of availment

250

Over P500,000 – P600,000

300

Over P600,000 – P700,000

350

Over P700,000 – P800,000

400

Over P800,000 – P900,000

450

Over P900,000 – P1,000,000

500

Over P1,000,000 – P1,100,000

550

Over P1,100,000 – P1,200,000

600

Over P1,200,000 – P1,300,000

650

Over P1,300,000 – P1,400,000

700

Over P1,400,000 – P1,500,000

750

Over P1,500,000 – P1,600,000

800

Over P1,600,000 – P1,700,000

850

Over P1,700,000 – P1,800,000

900

Over P1,800,000 – P1,900,000

950

Over P1,900,000 – P2,000,000

1,000

Over P2,000,000 – P2,100,000

1,050

Over P2,100,000 – P2,200,000

1,100

Over P2,200,000 – P2,300,000

1,150

Over P2,300,000 – P2,400,000

1,200

Over P2,400,000 – P2,500,000

1,250

Over P2,500,000 – P2,600,000

1,300

Over P2,600,000 – P2,700,000

1,350

Over P2,700,000 – P2,800,000

1,400

Over P2,800,000 – P2,900,000

1,450

Over P2,900,000 – P3,000,000

The upgraded membership contribution shall be incorporated as part of the housing loan monthly amortization

Dividend Rate:

Variable dividends from surplus earnings of the Fund shall be distributed annually to all POP members, to be credited to their Total Accumulated Values (TAV).

Membership Term/Maturity:

The accumulated savings under the program may only be withdrawn at the end of five (5), ten (10), fifteen (15), or twenty (20) years at the option of the member upon membership registration. Withdrawal of contributions shall be in Philippine peso. Contributions in foreign denomination shall be converted to Philippine peso based on the prevailing US dollar exchange rate as of payment date.

LOAN AVAILMENT

POP members may avail themselves of the housing loan benefit, subject to the provisions of the existing Consolidated Guidelines of the Pag-IBIG Housing Loan Program, through their immediate family members with the execution of a Special Power of Attorney (SPA), duly certified by the Philippine embassy or consulate in the country of their workplace. They can also avail of the Multi-Purpose Loan (MPL), subject to the existing guidelines of the MPL Program

WHERE CAN MEMBERS FILE THEIR APPLICATION FOR MEMBERSHIP, WITHDRAWAL OF SAVINGS, REMIT OR PAY THEIR MONTHLY SAVINGS?

Pag-IBIG Overseas Program Office

POP Overseas Offices

Accredited Overseas Marketing Representatives

Metro Manila and Provincial Offices

Accredited Collecting Banks/Remittance Companies

WHAT DOCUMENTS TO SUBMIT TO APPLY FOR REFUND OF SAVINGS?

-Original copy of POP Passbook

Application for Provident Benefit

Special Power of Attorney ( if applicable)

HOW LONG IS THE PROCESSING PERIOD?

Three (3) working days

WHERE CAN I PAY?

Remittance of Contributions may be made through our accredited collecting banks:

Europe

PNB London (Savings Acct. No. 0725-219601-401)

ABC UK (UKD 2000097)

Asia Pacific

PNB HK (Savings Acct. No. 0730-475270-501)

United States of America

Oceanic Bank (Savings Acct. No. 3700143)

PNB New York (Savings Acct. No 1713)

ABC Guam (Savings Acct. No. 5000-00355-4)

Middle East

BPI - Atrium (Savings Acct. No. 3124-0221-09) Speed cash

ABC Head Office (Savings Acct. No. 1002-071759)

Canada

Bank of Nova Scotia (Savings Acct. No. 2164-10)

Remittance may also be made to any of the following banks:

RCBC (Savings Acct. No. 8000-08787-5)

PNB Makati Ave. (Savings Acct. No. 265706641-1)

LBP (Savings Acct. No. 2204-008496)

PCIB (Savings Acct. 5463-00176-8)