A monthly contribution of PHP 950 a month will allow them PHP 1, 900, 000 to 2, 000, 000. If you are a POP or OFW member, you need to convert the figures from US Dollars to Philippine Peso. As a rule, members are entitled to a loan with a monthly amortization amounting of up to 40% of the net disposable income. The total loan plus interest per year by the total number of years you plan to pay the full amount. Divide the loan amount by the year and then factor in the interest rate per year. Get 40% of your net disposable income. The first two requirements are the monthly contributions and the net disposable income. To be entitled, you need to be a PAG-IBIG member for at least 24 months. If you are an OFW, you need to have remitted at least 24 monthly contributions. You should also have no outstanding housing loan from PAG-IBIG or you don't have any PAG-IBIG loan that was canceled, foreclosed, bought back by PAG-IBIG or made into a nation in payment. Members should have no multipurpose loans in arrears upon application.
The subsequent payment date will rely on the office payment timetable. The delivered M1-1 will work as the remittance form for subsequent payments. Another important requirement is to deliver a couple of copies of the Member's information Forms or M. D. F. of all the employees that qualify according to the Division in charge within two months after paying the first contribution. Lastly, the information of those employees that have been recently hired and protected by RA 7742 ought to be added in the form known as M. 1-1, in addition to their contributions being sent to the fund. ¿Te ha sido de utilidad el artículo? ( 1 Votos, Promedio: 5)
Commission Vouchers reflecting the issuer's name and contact details (for the last 12 months) c. Bank Statements or passbook for the last 12 months (in case income is sourced or derived from foreign remittances, pensions, etc. ) d. Copy of Lease of Contract and Tax Declaration (if income is derived from rental payments) e. Certified True Copy of Transport Franchise issued by an appropriate government agency (LGU for tricycles, LTFRB for other Public Utility Vehicle (PUVs) f. Certificate of engagement issued by the owner of business g. Another document that would validate the source of income or funds For OFWs, any of the following: a. Employment Contract (with English translation if in foreign language) b. Original Employer's Certificate of Income (with English translation if in foreign language). If the document submitted is a photocopy, it shall be duly certified/initiated by Pag-IBIG Fund Information Officer assigned in the country where the member works. c. Other Proofs of Income, whether original or photocopy, shall be duly certified/initiated by Pag-IBIG Fund information officer assigned in the country where the member works.
Income Document For Overseas Filipino Workers (OFWs), any of the following: Employment contract – OPTED NOT TO SUBMIT Certificate of Employment and Compensation (CIC) – CHECKED Income Tax Return filed with host country/government – still waiting to file in March 3.