Thursday, December 11, 2014

PAG-IBIG FUND 101

For Filipinos only.

PAG-IBIG is an acronym for PAGtutulungan sa kinabukasan:  Ikaw, Bangko, Industriya, at Gobyerno.

This was set up by the government for the contributors or members (working locally and abroad) in buying a home.  The required contribution is at least PHP100 per month (you can contribute a bigger amount).  OFWs can choose to pay a yearly lump sum.

What are the benefits?  As registered members who have contributed regularly for 2 years are eligible for a home loan of up to PHP6,000,000.

Also, your contribution serves as an investment tool because it earns dividends. 

Website:  http://www.pagibigfund.gov.ph/ 

Watch the 90-seconds Pag-IBIG fund explanation.


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