The Home Development Mutual Fund (HDMF), commonly known as Pag-IBIG Fund,
is a government agency that provides affordable housing finance and savings programs for
Filipinos.
Regular Pag-IBIG Savings Features:
- Mandatory for Employees: Both employee and employer contribute to your Pag-IBIG savings.
- Standard Contribution: PHP 100 each from employee and employer for salaries above PHP 5,000.
- Annual Dividends: Your savings earn dividends annually, typically ranging from 5% to 7%.
- Housing Loan Eligibility: Regular contributors can apply for affordable housing loans.
- Short-Term Loans: Members can avail of multi-purpose and calamity loans.
- Tax-Free: Dividends earned are tax-free.
Benefits of Regular Pag-IBIG:
- Build savings for future housing needs.
- Access low-interest housing loans.
- Keep emergency loan options available for qualified members.
- Continue saving even when changing jobs.
- Benefit from government-backed security.