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Showing posts with label Multi-purpose loan. Show all posts

Tuesday, April 28, 2020

PAG-IBIG Fund Target Mairelease Ang Cash Loan Sa Loob ng 20 Working Days

Ngayong panahon na kailangang kailangan ng tulong pinansyal o cash ng mga miyembro ng Pag-IBIG, napakahalaga ng pagkakataon na magkaloan. Sa Pag-IBIG fund, merong Multi-Purpose Loan, at merong Calamity Loan
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Anu-ano nga ba ang mga ayudang alok ng PAG-IBIG Fund ngayong may COVID-19 pandemic? Alamin sa panayam ng CNN Philippines kay PAG-IBIG Vice President Atty. Karin-Lei Franco Garcia

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Tuesday, April 21, 2020

Short Term Cash Loan, Makakautang ka sa Pag-IBIG FUND

Pag-IBIG Fund has so far approved cash loan applications of 37,901 members affected by the community quarantine, top officials announced recently.

"In support of the government's efforts and following the directives of President Duterte to take care of the welfare of our fellow Filipinos, especially during this pandemic, we approved cash loans amounting to P716.26 million to help our members with their finances during these challenging times. We expect the number of members helped and the amount approved to increase in the coming days as processing continues,” said Secretary Eduardo D. del Rosario, who heads both the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees.

The agency's cash loans, also known as short-term loans (STL), are composed of the Calamity Loan and the Multi-Purpose Loan (MPL). The STL programs serve as a readily-accessible and affordable source of funds where qualified members can borrow up to 80 percent of their total savings in Pag-IBIG Fund.
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PAANONG GAGAWIN AT ANONG PROSESO

Narito ang proseso papaano mag-applu ng MULTI PURPOSE LOAN o CALAMITY Loan

Here are the procedures on how to apply for Multi-Purpose Loan and Calamity Loan. You may select from the options below.

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OPTION 1

1.) Punuan at Iaccomplish ang Multi-Purpose Loan o ang Calamity Loan Application Form. Idownload dito:

2.) Kausapin ang inyong employer na iauthorize ang company signatory para pirmahan ang Application Agreement portion ng form para sa loan. Pwede mong ipadala sa kanila sa email or sa messenger at ibabalik nila sau na may pirma na nila.

Request your employer or authorized company signatory to sign the Application Agreement portion of the form.

(You may send them a copy of your loan application form which they can send back to you with their signature)

3.)Pwede mo maiSCAN o kuhanan ng larawan ang mga sumusunod. (1) ID at iyong Loyalty Card Plus o Landbank o DBP Cashcard. Reminder: Kung WALANG Loyalty Card Plus or Landbank or DBP cash card, pwede kang kumuha ng larawan o magSCAN ng 2 VALID government IDs.

4.) Ipadala ang scanned copy o photo ng iyong loan application at requirements sa mga designated email address na nakaassign depende kung saan located ang inyong employer's office o pabrika o planta. Para sa listahan ng email, tingnan sa ibaba ang listahan ng emails.

Ipadala po ninyo ang inyong aplikasyon at ang mga kalakip na requirements nito sa email address na nakalaan para sa inyo. Puwede din na ang employer mo ang magpadala ng inyong aplikasyon, muli, depende sa usapan ninyo.

NCRNorth@pagibigfund.gov.ph

Para sa mga miyembro at employers na sakop ng aming GMA Kamuning, Quezon Avenue, Commonwealth Avenue, Cubao, Marikina, Caloocan – EDSA, Valenzuela, Pasig, Mandaluyong - Shaw Zentrum and Antipolo branches

NCRSouth@pagibigfund.gov.ph

Para sa mga miyembro at employers na sakop ng aming Makati-Buendia I, Binan, Makati-Ayala Avenue, Makati-Buendia II, Makati-JP Rizal, Taguig - Gate 3 Plaza, Guadalupe-EDSA, Muntinlupa, SM Aura, Intramuros, Sta. Mesa, Binondo, Pasay, Las Pinas-Robinsons Place, Paranaque, Imus, Rosario, and Dasmarinas branches

Ilocos@pagibigfund.gov.ph

Para sa mga miyembro at employer na sakop ng aming La Union, Laoag, Vigan, Dagupan, Urdaneta, and Baguio branches

Cagayanvalley@pagibigfund.gov.ph

Para sa mga miyembro at employer na sakop ng aming Tuguegarao, Solano, and Cauayan branches

Centralluzon@pagibigfund.gov.ph

Para sa mga miyembro at employer na sakop ng aming San Fernando, Tarlac, Angeles, SBMA, Balanga, Malolos, Baliwag, Cabanatuan, and Meycauayan branches

Southerntagalog@pagibigfund.gov.ph

Para sa mga miyembro at employer na sakop ng aming Lucena, Batangas, Lipa, Calamba, San Pablo, Sta. Rosa, Calapan, and Palawan branches

Bicol@pagibigfund.gov.ph

Para sa mga miyembro at employer na sakop ng aming Legazpi and Naga branches

Centraleastvisayas@pagibigfund.gov.ph

Para sa mga miyembro at employer na sakop ng aming Cebu-Ayala, Dumaguete, Talisay, Toledo, Cebu-Colon, Mandaue, Danao, Mactan, Tagbilaran, Tacloban, Calbayog, and Ormoc branches

Westvisayas@pagibigfund.gov.ph

Para sa mga miyembro at employer na sakop ng aming Iloilo-Manduriao, Iloillo-Molo, Kalibo, San Jose de Buenavista, Roxas, Bacolod, Kabankalan, and Sagay branches

Northmindanao@pagibigfund.gov.ph

Para sa mga miyembro at employer na sakop ng aming CDO-Lapasan, CDO-Carmen, Valencia, Butuan, San Francisco, Surigao, and Iligan branches

Westmindanao@pagibigfund.gov.ph

Para sa mga miyembro at employer na sakop ng aming Zamboanga, Dipolog, and Pagadian branches

Southwestmindanao@pagibigfund.gov.ph

Para sa mga miyembro at employer na sakop ng aming Davao-Bajada, Davao-Matina, Davao-Lanang, Digos, Tagum, Panabo, General Santos, Polomolok, Koronadal, Kidapawan, and Cotabato branches

PARA SA KATANUNGAN SA IBA PANG BAGAY at MGA DETALYE SA CALAMITY LOAN AT MULTI PURPOSE LOAN ng PAGIBIG, SUNDAN DITO

THOUGHTSKOTO https://www.jbsolis.com/2020/03/pwede-kang-makaavail-ng-pag-ibig.html

OPTION 2

DIGITAL NA PAGFIFILL UP NG FORM

IPAPADALA sa INYONG EMPLOYER

Kung ikaw ay walang printer, pwede mo mafill up ang form na ito gamit ang phone o laptop o computer.

Submit your Multi-Purpose Loan (MPL) or Calamity Loan application SAFELY VIA EMAIL, following these EASY STEPS:

1.) Fill out the Fillable Loan Form.

Click this link for the fillable Multi-Purpose Loan (MPL) Form

�https://www.pagibigfund.gov.ph/…/SLF065_MultiPurposeLoanApp…

�• Click this link for the fillable Calamity Loan Form

�https://www.pagibigfund.gov.ph/…/SLF066_CalamityLoanApplica…

�• Fill out Fillable Loan Form, no need for signature

�2.) Save the filled-out form as PDF file

�3.) Send the PDF file via email to your company HR, authorized company representative, or Fund Coordinator along with (1) valid ID and the front and back images of your Loyalty Card Plus, or Landbank or DBP cash card.

�Reminder: If NO Loyalty Card Plus or Landbank or DBP cash card, please send at least two (2) valid IDs.

��The company HR, authorized representative, or Fund Coordinator shall e-mail the following to the Pag-IBIG Fund email address designated for your area:

�Please click the link for the list of email address:

�https://www.pagibigfund.gov.ph/doc…/…/bannerlink/APBORROWERS STL_final.pdf��

1.) Your loan application and requirements

2.) The filled-out ‘Employer Confirmation of STL Application’ bearing your name. Your authorized company representative or Fund Coordinator can download this fillable form via this link

https://www.pagibigfund.gov.ph/…/Email-Format-Employer-Conf…

Reminders:�

Member will receive a text message that will confirm loan approval and crediting in the Loyalty Card Plus or Landbank or DBP Cash Card.�First-time borrowers or members without a Loyalty Card Plus or Landbank or DBP Cash Card shall be advised on how to best receive their loan proceeds.

In light of the pandemic, the agency acted quickly to move the application process for both its Calamity Loan and MPL online. Members, or employers acting on their behalf, were allowed to submit loan applications through email. The move was made to minimize disruption in service during the Enhanced Community Quarantine (ECQ).

On March, 20, just three days after the ECQ was imposed in the National Capital Region and the rest of Luzon, Pag-IBIG Fund was already accepting applications via email.

According to Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti, they have received 221,851 cash loan applications via email as of April 15.

"Our members have come to rely on our cash loans for emergencies and this time, it's no different. That's why we moved the application process online and set up multiple email addresses to receive applications by area. Our offices may be closed but our operations continue. We are receiving as many as 10,000 email applications in a day which is a lot to process considering we are operating in a limited capacity but we are always ready to serve our members. We recognize our members’ need for assistance and we will do our best to help them. That is our pledge as Lingkod Pag-IBIG," Moti said.
As an example, if you already contributed P50,000 within the previous years you can avail 80 percent of which will amount to P40,000.

The loan is renewable and you can avail it again after six months.

You can also avail of the loan not only for tuition fee purposes but also for various use just like what Khay Gutierrez did. She availed the loan from Pag-IBIG for recreational purposes. Pag-IBIG Fund president at chief executive officer Acmad Moti urged the members to increase their savings rate for them to avail much bigger loans in the future.

www.jbsolis.com, www.jbsolis.net, www.bahayofw.com

Thursday, March 23, 2017

Do You Know How to Apply for Pag-IBIG Short Term Loan?

(Watch: Pag-IBIG Multi-Purpose Loan)

Don't you know that as a member of Pag-IBIG, you can avail many kinds of loan and not just a housing loan? Here's a good news, this 2017 you can now borrow the 80 percent of your total savings in Pag-IBIG through Multi-Purpose Loan (MPL).

All you need to do is to make sure that you made a 24 months contribution; you are an active member of the fund nad has an updated account if you already had an existing Pag-IBIG housing loan, multi-purpose loan (MPL) or calamity loan.

MPL is another short-term loan (SLT) program of Pag-IBIG that aims to provide financial assistance to Pag-ibig members for house repair, minor home improvement, home enhancement, tuition or educational expenses, health and wellness, livelihood, and other purposes.

Who are the eligible to borrow (qualifications)?

1.Has made at least twenty-four (24) membership savings (MS).

For members who have withdrawn their MS due to membership maturity and/or optional maturity, the reckoning date of the updated 24 MS shall be the first MS following the month the member is qualified to withdraw his MS; and

A member, whose MS are still short of the required number of MS, may be allowed to apply for MPL, provided his total savings is at least equivalent to 24 MS based on the mandatory rate inclusive of employee and employer counterpart.

2. Has at least one (1) MS for the last six (6) months prior to date of loan application;

3. If with existing Pag-IBIG Housing Loan, the account must not be in default as of date of application; and

4. If with existing MPL and/or Calamity Loan, the account/s must not be in default as of the date of application.

How much is the loanable amount?

A qualified Pag-IBIG member shall be allowed to borrow an amount based on the lowest of the following: desired loan amount, loan entitlement, capacity-to-pay.

1. Loan Entitlement

Maximum of 80% of Total Accumulated Value (TAV).

2. Capacity to Pay

An eligible borrower’s loan shall be limited to an amount for which statutory deductions, monthly repayment of principal and interest, and other obligations will not render the borrower’s net take home pay to fall below the minimum requirement as prescribed by the General Appropriation Act (GAA) or company policy, whichever is applicable.

If the borrower has an existing Calamity Loan, the loanable amount shall be the difference between 80% of the borrowers TAV and the outstanding balance of his Calamity Loan; provided, it does not exceed the borrower’s loan entitlement.

Interest Rate
The loan shall be charged with an interest based on the prevailing guidelines of the program.

Loan Term
A maximum period of twenty-four (24) months, with a grace period of two (2) months.

Loan Renewal
After payment of at least six (6) monthly amortizations.
The proceeds of the new loan shall be applied to the borrower’s outstanding MPL obligation and the net proceeds shall then be released to the borrower.
In a case of full payment prior to loan maturity, a borrower shall be allowed to apply for a new loan anytime.

What are the requirements?

Duly accomplished Multi-Purpose Loan Application Form (MPLAF) or Calamity Loan Application Form (CLAF)(Downloadable from the Pag-IBIG website, (www.pagibigfund.gov.ph)

Photocopy of at least two (2) valid IDs

Proof of Income

Formally-employed

The “Certificate of Monthly Net Income” portion at the back of the application form must be accomplished by the employer or submit a photocopy of latest payslip duly authenticated by company’s authorized representative.

Self-Employed or Individual Payors

Photocopy of any of the following:

1. Business/Mayor’s Permit;

2. Commission Vouchers;

3.Other valid proof of income.

For releasing of loan proceeds thru Payroll Account/Disbursement Card, submit

1. photocopy of deposit slip (for a newly opened account)/Payroll Account/Disbursement Card.

2.If through Citibank Prepaid Card, submit a photocopy of Package Unit ID.

3.For application thru an employer, the photocopy of Payroll Account/Disbursement Card shall be duly certified by the employer.

4.For an individual application, the Payroll Account/Disbursement Card shall be presented for authentication.

Loan Process

Step 1

Submit accomplished Multi-Purpose Loan Application Form (MPLAF, HQP-SLF-001) or Calamity Loan Application Form (CLAF, HQP-SLF-002) and required supporting documents to Members Services Officer of Pag-IBIG.

Get STL Acknowledgement Receipt (SAR, HQP-SLF-003).

NOTE: Prior to submission of loan application, the member-applicant must be registered online and with Pag-IBIG Membership Identification (MID) Number or Registration Tracking Number (RTN).

Step 2

On scheduled date, get loan proceeds:

If released through Check, present SAR and 2 valid IDs at Cashier.

If released through Payroll Account/ Disbursement Card, verify and withdraw at any accredited ATM/Bank.

Processing Time

Schedule of Availability of Service Monday to Friday, 8:00 a.m. - 5:00 p.m(No Noon Break)

3 working days - New and Loan Renewal (Processing of loan application up to release of loan proceeds through Cash Card/Payroll Account Card)

1 working day - Additional WD if through check releasing

2 working days - Additional WDs if subject to further validation with partner bank

20 working days - Additional working day if with record from other branch/es

Processing Fee: None

SEE MORE:

Don't you know that you can be a voluntary member of Pag-IBIG and save even if you are still looking for a job, a public official or employee that is not covered by GSIS?

According to Pag-IBIG website, "An individual at least 18 years old but not more than 65 years old may register with the Fund under voluntary membership. However, 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."

Pag-IBIG Fund guarantees the refund of member's total accumulated savings (TAV), which consists of the member's accumulated contributions, the employer counterpart contributions if any, and the dividend earnings credited to the member's account upon an occurrence of any of the following grounds for withdrawal:

Read More: How To Apply For Pag-Ibig Calamity Loan

Disasters and calamities are nothing new in the Philippines. Storm, typhoon, volcanic eruption and earthquake are only some of the natural calamities that usually occurs in the Philippines.

Wednesday, February 01, 2017

HOW TO BE A VOLUNTARY MEMBER OF PAG-IBIG FUND?

Don't you know that you can be a voluntary member of Pag-IBIG and save even if you are still looking for a job, a public official or employee that is not covered by GSIS?

According to Pag-IBIG website, "An individual at least 18 years old but not more than 65 years old may register with the Fund under voluntary membership. However, 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."

So, who can apply for voluntary membership?

The following shall be allowed:

Non-working spouses who devote full time to managing the household and family affairs, unless they also engage in another vocation or employment which is subject to mandatory coverage, provided the employed spouse is a registered Pag-IBIG member and consents to the Fund membership of the non-working spouse;

Filipino employees of a foreign government or international organization, or their wholly-owned instrumentality based in the Philippines, in the absence of an administrative agreement with the Fund;

Employees of an employer who is granted a waiver or suspension of coverage by the Fund under RA 9679;

Leaders and members of religious groups;

A member separated from employment, local or abroad, or ceased to be self-employed but would like to continue paying his/her personal contribution. Such member may be a pensioner, investor, or any other individual with passive income or allowances;

Public officials or employees who are not covered by the GSIS such as Barangay Officials, including Barangay Chairmen, Barangay Council Members, Chairmen of the Barangay Sangguniang Kabataan, and Barangay Secretaries and Treasurers;

Such other earning individuals/groups as may be determined by the Board by rules and regulations.

Interested? Here's how to register online

1. Visit to https://www.pagibigfundservices.com/

2. Click online service

3. Click membership registration and click "New Member" and "continue"

4. Provide the details needed:

New member info

Other info

Address

Contact

Heirs

Member Category

Employment History

5. View the summary and then click "submit registration"

After you click SUBMIT, you will receive your Registration Tracking No. thru text or email. You have to keep this number.

On the next day, visit again the http://www.pagibigfund.gov.ph/benpromembership.aspx and then the Member Registration, then choose "View Registration Information."

Here you will use the registration tracking number you had received.

You will then see your PAG-IBIG MID No. Copy it, and then bring this to the nearest Pag-IBIG branch where you can pay your first Pag-IBIG contribution.

Being a Pag-IBIG member, you can avail the following benefits:

1. Multi-Purpose Loan (How To Apply For Pag-Ibig Muti-Purpose Loan)

2. Affordable Housing Program (Pag-Ibig Housing Loan Application Available Online)

3. Provident Savings (MEMBERS CAN WITHDRAW THEIR PAG-IBIG CONTRIBUTIONS)

4. Calamity Loan (How To Apply For Pag-Ibig Calamity Loan)

Pag-Ibig Offers As Much As Php 6 Million Housing Loan

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