A Pag-Ibig member, or those who pay monthly contributions to the fund have the following benefits:
1. Savings
2. Short Term Loan
3. Access to housing loans
Unlike SSS where you are member for life and cannot withdraw your contributions until you turn 60 and opt for pention or lump sum payments a Pag-ibig member can opt to withdraw his contributions under the following conditions:
For those leaving the country permanently, here are the requirements:
1. Filled up provident benefit claims form. Download here.
2.Notarized sworn declaration of intention to permanently depart from the Philippines.
3. Immigrant visa or residence visa or equivalent
4. 2 valid ids with signature and photo of claimant
5. Special power of attorney if member cannot claim personally.
It is preferable that the member file this before leaving the country so that he does not need to have the documents authenticated at the Philippine consulate of the country where he will emigrate.
source
1. Savings
2. Short Term Loan
3. Access to housing loans
Unlike SSS where you are member for life and cannot withdraw your contributions until you turn 60 and opt for pention or lump sum payments a Pag-ibig member can opt to withdraw his contributions under the following conditions:
1. A member may withdraw his TAV or savings after 20 years of membership with the Fund and after having made a total of 240 monthly contributions.I am helping my ex-boss process her withdrawal of her Pag Ibig Fund savings because she is permanently leaving the country to reside abroad. But her permanent visa has not been issued yet so we will have to wait it for before we file again. I only learned that after her documents were returned to me.
2. A member may also withdraw his savings under any of the following valid grounds:
a. Retirement
• Early retirement at age 45
• Optional retirement at age 60
• Mandatory retirement at age 65
b. Permanent departure from the country
c. Permanent or total physical disability
d. Insanity
e. Termination from service by reason of health
f. Death of the member
g. Optional withdrawal at 10 or 15 continuous years of membership
• A member who registered under RA7742 may be allowed to withdraw his TAV
after 10 or 15 years of continuous membership.
• A member who registered under RA9679 may be allowed to withdraw his TAV
after 15 years of continuous membership.
h. Other causes as may be provided by the Board of Trustees
For those leaving the country permanently, here are the requirements:
1. Filled up provident benefit claims form. Download here.
2.Notarized sworn declaration of intention to permanently depart from the Philippines.
3. Immigrant visa or residence visa or equivalent
4. 2 valid ids with signature and photo of claimant
5. Special power of attorney if member cannot claim personally.
It is preferable that the member file this before leaving the country so that he does not need to have the documents authenticated at the Philippine consulate of the country where he will emigrate.
source
Mar 26, 2018 Sa sitwasyong ito, PhP24,000 ang loan amount na maaring ibigay sa iyo dahil mas mababa ang loan entitlement mo kaysa sa desired loan amount. Ang pipiliin kasi ng Pag-IBIG ay ang pinakamababa sa tatlo – desired loan amount, loan entitlement at capacity to pay.