Tuesday, August 18, 2009

Inquries on POP Multi-Purpose Loan

PURPOSE
To provide financial assistance to Pag-IBIG members under the Pag-IBIG and Pag-IBIG Overseas Program for:
- Medical- Educational- Livelihood- Minor home Improvement- Purchase of Appliance/furniture- Other important needs
ELIGIBILITYMust have made at least 24 monthly membership contributions.Must be an active/contributing member upon loan application.
LOAN AMOUNT
Sixty (60) percent of member's total accumulated value (TAV) under Pag-IBIG I Program.Sixty(60) percent of member's TAV under the POP ProgramIf savings are in US dollars or in other foreign currencies, he may borrow 60% of peso equivalent of his TAV based on applicable exchange rate at the time of loan approval. (MPL for POP borrowers, HDMF Cir No.132 dated July 1995)
INTEREST RATE
10.75 percent per annum
LOAN PERIOD
Payable in 2 years (24 equal monthly amortizations)
LOAN PAYMENT
Payable thru salary deductionsDirect payment allowed in case of separation from employerPayments to be remitted to Pag-IBIG on or before the 15th day of each month.
PENALTY FOR DELAYED PAYMENT
A penalty of 1/2 percent of any unpaid amount shall be collected for each day of delay.Shall be charged only upon loan renewal or full payment.
DEFAULT
He shall be in default in any of the following cases:Any willful misrepresentation made by the borrower in any of documents executed in relation hereto.Failure to pay 3 consecutive monthly amortizations.Failure to pay 3 consecutive monthly contributionsViolation of any of the policies, rules, regulations and guidelines of the Fund.
EFFECTS OF DEFAULT
The following remedies shall be applied:Any amount outstanding inclusive of the principal, interest, penalties and charges become due and demandable.The amount due constitutes a lien on the borrower's TAV.
MEMBERSHIP TERMINATION
If made prior to loan maturity, any amount outstanding shall be deducted from borrower's TAV and/or any amount due him or his beneficiaries in possession of the Fund.
LOAN RENEWAL
A borrower may renew his MPL prior to anniversary date, provided the loan proceeds shall be used for the repair of a house which was destroyed by a calamity declared as such by the Office of the President of the Philippines. (Waiver of One-Year Restriction for MPL Renewal, HDMF Cir. No. 136 dated 22 Nov. 1995).A POP member with outstanding MPL under the Pag-IBIG program may still avail of a multi-purpose loan based on his TAV under the POP program.

ASIA PACIFIC PagIbig Overseas Program Contact Details

ASIA PACIFIC
ARLINA D. FELICIANO Information Officerc/o PHILIPPINE EMBASSY House No. 17, Km @, SPG. 126,Jalan TutongBandar Seri Begawan,Brunei DarussalamE-mail Address: adfpop23@yahoo.com
Bandar Seri Begawan,Brunei Darussalam
(006732) 222916
(006732) 222917
RAYMOND FRANCIS RAMOSInformation OfficerE-mail Address: rf_rams@hotmail.comMICHAEL F. AZUCENAInformation OfficerEmail Address: mfazucena@msn.comc/o PHILIPPINE CONSULATE GENERAL 14th Floor, United Center Building, 95 Queensway, Hong Kong SARE-Mail: mfazucena@msn.com
Hong Kong
(00852) 2823-8561
00852-67130147
(00852)2865-3423
ERIC ELLOSO Information Officerc/o Classified Resources Pte. Ltd.304 Orchard Road, No. 02 - 45,Lucky Plaza,Singapore 238863
E-mail Address:popsg@singnet.com.sg E-mail Address:eric_elloso@yahoo.com
Singapore
(0065) 6737-0307 / 94236535
+65-67338048

MIDDLE EAST PagIbig Overseas Program Contact Details

International Directory
Pag-IBIG Information Officers/Marketing Representative
MIDDLE EAST
Contact Person
Country/Capital Cities
Telephone No.
Fax. No.
Mobile No.
Renato A. SoquenoInformation Officerc/o PHILIPPINE EMBASSYSite D4, Collector Rd.,C Diplomatic QuartersP.O. Box 94366,Riyadh, KSA 11693
E-Mail: popruh@yahoo.com
RIYADH, KSA
(009661)482-3615-1577-0507-1802-0474-3559488-0835480-1918-3662-3688
(009661)488-3945
+966507004186
Information Officer c/o PHILIPPINE CONSULATEGENERALAl SayeddahKaddija St.,Al Faisaliyah District I P.O.Box 4794, Jeddah 21412 E-mai Address: ruelan05@yahoo.com
Jeddah, KSA
(009662)660-0348/667-0925
(009662) 663-0838
09194213010
+9665-40804457
LACSAMANA P. TUAN Information Officerc/o SKYFREIGHT FORWARDERS 1st St. cor. King Fahad St.,P.O. Box 2539, AlkhobarKSA E-mail Address:pagibigkho@yahoo.com.ph
Alkhobar, KSA
(009663)898-6500
(009663) 865-4482
+966502768962
MAHMOUD B. KHALILMarketing Representatives c/o PHILIPPINE EMBASSY Block 7 St. 103 Bldg.,503 Jabriya,Safat, 13123 KuwaitE-mail Address: mac_egyptian14@yahoo.com
Kuwait
(00965) 532-0224
(00965) 532-9319
+966502768962
JOSEPHINE B. FERNANDEZMarketing Representativec/o PHILIPPINE EMBASSY Villa No. 992 Road No. 3119 Area 331,Manama, Bahrain, P.O. Box 26681
Bahrain
(00973)17246-300
(00973)17676161OWWA Fax No.(00973) 17258202
+973-39633246
CHARMAINE PAMELA V. BAUTISTAInformation Officer c/o PHILIPPINE OVERSEASLABOR OFFICE Al Abraj St., Fariq Bin Omran P.O. BOX 24900,Doha Qatar E-mail Address: popdoha@yahoo.com
Qatar
00974-4866236/ 486-1220/486-8001
00974-4878599
00974-5967016
GERARDO G. LABABOInformation Officer c/o PHILIPPINE CONSULATE GENERAL PHIL.OVERSEAS LABOR OFFICE Villa No.2 Community 132, 3 Street, Al Wuheida Area P.O. BOX 4960,Deira,Dubai,UAE E-mail Address:ggljerry2002@yahoo.com
Dubai
009714-2667745
009714-2688050
OWWA-+97142688665
00971501503519
CALOY N. SERRANOMarketing Representative c/o Al Rostamani Exchange Co.4th Floor, Al Rostamani Group HQ Building, P.O.BOX 10072,Dubai Sharjah Road,Dubai, UAE E-mail Address: caloy.s@alrostamanigroup.ae
Serrano5@emirates.net.ae
Dubai
009714-2141431
009714-2949971
009715-04753715
SALOME MACATANGAYInformation Officer c/o Philippine Overseas Labor OfficeVilla No. 194, Al Nahyan Camp Defense RoadAbu Dhabi, UAE E-mail Address: cathymis25@yahoo.com
Abu Dhabi
009712- 6422489
009712-6413415
00971503576308

EUROPE PagIbig Overseas Program Contact Details

EUROPE
Contact Person
Country/Capital Cities
Telephone No.
Fax. No.
Mobile No.
HEZZEL B. SULIT Information Officer
Rome , Italyc/o PHILIPPINE EMBASSY Vialle delle Medaglie d'Oro 112/114 00136 Rome, ItalyE-mail Address: zellsulit@yahoo.com
(003906) 39740853
(003906) 39740853
+3932-41226989
EDUARDO L. LABO Jr.Information Officer
Milan , Italy c/o PHILIPPINE CONSULATE GENERAL Via Stromboli 1, 20144 Milan, ItalyE-mail Address: labo_jr@yahoo.com
(003902) 43510205
(003902) 43510205

JEAN V. SANTOSInformation Officer
Athens , Greece c/o Embassy of the PhilippinesNo. 158 Sevastepoleous St.Ambelokipi, Athens 11526GreeceE-mail Address: popjean_gr@yahoo.com
+30210-6983265
+30210-6983265
+3069-77425678
CARMELITA TIU MOLINA
Madrid, Spain
C/O PHILIPPINE EMBASSYCalle Eresma 2/ Calle Guadalquivir 628002 Madrid, SpainE-mail Address: cartillas@yahoo.com
+3491-7550117
+34-91-4116606(Phil. Embassy)
+34-606393750
JOSEFINA ROSELLE A. CABANERO
London, United Kingdom 6 Suffolk St., London, SW1Y 4HG United KingdomE-mail Address: Ukpagibig@aol.com
(004420)8854-0197

004420-83164220
RINGO A. OLAVARIO Marketing Representative
Kilkenny, Ireland (Residence Address) #16 Sion Road, Sion Meadows, Kilkenny, IrelandE-mail Address: pagibigireland@yahoo.com
(00353086)7777730

+086-8884732
ROSALINDA SAUTER Marketing Representative
Zurich, Switzerland PINOY SWISS – SERVICESGmbH Rautistrasse 60, 8048 Zurich, Switzerland E-mail Address:pinoy-swiss-services@bluewingmx.ch
+4143-1-8100190;1-8100192
+4143-1-8100191
+4178-7341016;+4176-4336864

NORTH AMERICA PagIbig Overseas Program Contact Details

NORTH AMERICAUnited States of America
Contact Person
Country/Capital Cities
Telephone No.
Fax. No.
Mobile No.
LINDA F. REYESMarketing RepresentativePresident – Love Fund USA, INC.Suite A, 1680 Civic Center DriveSta. Clara, CA, USA 95050E-mail Address: lovefundusa@sbcglobal.net
California, USA
(00408) 8934210
(00408) 2461099(Fax)

Downloadable Online Forms for PagIbig Overseas Programs

http://www.pagibigfund.gov.ph/pop/forms/forms.htm

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


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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)