Tuesday, August 18, 2009

Guides on the Pag-IBIG Overseas Program POP

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 P 2,000,000.00

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The accumulated savings under the program may only be withdrawn at the end of five (5), ten (10), fifteen (15), or twenty (20) years at the option of the member upon membership registration.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)

2 comments:

ma belen payag mahinay said...

Hello po may tanong po ako sana mabigyan po ng pansin.i nag member po ako ng POP pag ibig overseas program sa hongkong last february 2009 at yun din umpisa pag bayad ko hanggang march 2010.dahil sa nag aply ako dito sa canada hindi ko na nabayaran april 2010 til now so mga 3 years na po ako hindi nkabayad.so ngayon kasi medyo okay naman ang sahod ko dito gusto ko po sana ipatuloy kasi sayang naman.ang tanong ko po ano po ba dapat ko gawin before ko po e continue sa pag bayad ng POP remittance? Pls responce thank you!!!

Pila Balde said...

bakit walang reply? sana nakatulong na sa iba kung nasagot ang tanong na ito. tsk tsk tsk