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Home Development Mutual Fund

Home Development Mutual Fund
Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno.
Pag-IBIG.svg
Agency overview
Formed June 11, 1978
Headquarters Shaw Boulevard, Mandaluyong City, Philippines
Agency executive
  • Acmad Rizaldy P. Moti, President and CEO
Parent agency Housing and Urban Development Coordinating Council
Website www.pagibig.gov.ph

The Home Development Mutual Fund (abbreviated as HDMF), more popularly known as the Pag-IBIG Fund, is a Philippine government-owned and controlled corporation under the Housing and Urban Development Coordinating Council responsible for the administration of the national savings program and affordable shelter financing for Filipinos employed by local and foreign-based employers as well as voluntary and self-employed members. It offers its members short-term loans and access to housing programs.

Membership to the fund is exclusive to all Filipino citizens who are or ought to be covered by the Social Security System (SSS), provided that actual membership in the SSS shall not be a condition precedent to the mandatory coverage in the fund. It shall include, but are not limited to:

Membership is also extended to individuals of at least 18 years old but not more than 65 years old under their voluntary membership program. However, the said individual shall be required to comply with the set of rules and regulations for Pag-IBIG members including the amount of contribution and schedule of payment. In addition, they shall be subject to the eligibility requirements in the event of availment of loans and other programs/benefits offered by the Fund.

The following shall be allowed to apply for voluntary membership:

The most popular program benefit of the Pag-IBIG Fund offers assistance to its members by providing cheap financing for their housing needs. HDMF accomplishes this by working in partnership with the local Real Estate Developers and arranging affordable loans to real estate buyers (Pag-IBIG members).

The loan had a lower interest rate compared to the prevailing rate in the market and payable in longer terms. Pag-IBIG Fund offers a home loan at a low interest rate of 4.5% (for ₱450,000 loan) with a loan term of up to 30 years. A qualified member can get a maximum loan amount of up to ₱ 6 Million.

Similar to the Government Service Insurance System (GSIS) and Social Security System, the HDMF also offers financial assistance to qualified member by granting short term loan. There are two types of loans members are qualified to avail:

This program aims to provide financial assistance to members for house repair, minor home improvement, home enhancement, tuition or educational expenses, health and wellness, livelihood; or other purposes. To avail the program, a member must made at least twenty-four (24) month membership savings, or the total savings is equivalent to twenty-four (24) membership savings and must have at least one (1) contribution within the last six (6) months as of month prior to date of loan application.


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