Pag-IBIG Fund

SOCIALIZED HOUSING SUMMIT

26-27 January 2017
ISO Conference Room 3, 2nd Floor Walter Hogan Hall, Institute of Social Order (ISO)
Complex, Ateneo de Manila University

ELMER D. TUGADE
Corporate Sales Group
Business Development Sector
TWIN MANDATES
PROVIDENT SAVINGS HOME FINANCING
VISION: For every Filipino worker TO SAVE with Pag-
IBIG Fund and TO HAVE DECENT SHELTER.

MISSION: To GENERATE MORE SAVINGS from more

Filipino workers to administer a SUSTAINABLE FUND
with integrity, sound financial principles, and with social
responsibility, and to PROVIDE MORE FUNDS FOR
HOUSING of every member.

VALUES: The governing values that will steer the Pag-

IBIG Fund in pursuit of its vision include INTEGRITY,
EXCELLENCE, PROFESSIONALISM, and SERVICE.
PROVIDENT FUND FEATURES

• Universal Coverage
• Double or triple your money benefit
• Tax-free dividends, compounded annually
• Portability of membership
• Government guaranteed return of
contributions
• Private in character
Pag-IBIG HOME LENDING PROGRAMS

• END-USER FINANCING PROGRAMS

• PAG-IBIG MEMBER HOUSING LOAN PROGRAM
(REGULAR PROGRAM)
• AFFORDABLE HOUSING LOAN PROGRAM

• INSTITUTIONAL FINANCING PROGRAMS

• DIRECT DEVELOPMENTAL LOAN PROGRAM
• GROUP HOUSING PROGRAM
• HOUSE CONSTRUCTION FINANCING LINE
• GROUP LAND ACQUISITION PROGRAM
HOME LENDING
STRATEGIES AND INITIATIVES
• DEVELOPER TAKE-OUT MECHANISM
• EMPLOYER ACCREDITATION
• HOME MATCHING
• COUNTRYSIDE HOUSING INITIATIVES
 LOWEST EVER INTEREST RATE
FOR REGULAR HOUSING LOAN

Borrow up to ₱6M
Multiple housing loans allowed
Up to 2 co-borrowers

AS LOW AS

5.5%
interest rate per annum
1-year re-pricing period

2017
Actual Housing Loan Takeouts
Loan Value P65.1 B
No. of Units 80,964
 SAMPLE AMORTIZATION TABLE* * and INTEREST
RATES FOR REGULAR HOUSING LOAN
Rates per Re-Pricing Period
Loan
Amount 1-Yr 3-Yr 5-Yr 10-Yr 15-Yr 20-Yr 25-Yr 30-Yr
Fixing* Fixing Fixing Fixing Fixing Fixing Fixing Fixing

Up to
5.500% 6.500% 7.270% 8.035% 8.585% 8.800% 9.050% 10.000%
₱6M
LOAN TERM
LOAN 5 Yrs. 10 Yrs. 15 Yrs. 20 Yrs. 25 Yrs. 30 Yrs.
AMOUNT
(PhP) Amort GMI Amort GMI Amort GMI Amort GMI Amort GMI Amort GMI

1M 19,566 55,903 11,354 32,442 8,711 24,888 7,455 21,302 6,752 19,291 6,320 18,059

2M 39,132 130,440 22,709 75,698 17,422 58,073 14,911 49,704 13,504 45,013 12,641 42,137

3M 58,698 195,661 34,064 113,547 26,133 87,110 22,367 74,557 20,256 67,520 18,962 63,206

4M 78,264 260,881 45,419 151,397 34,844 116,147 29,822 99,409 27,008 90,027 25,282 84,275

5M 97,830 326,102 56,773 189,246 43,555 145,184 37,278 124,262 33,760 112,534 31,603 105,344

6M 117,396 391,322 68,128 227,095 52,266 174,221 44,734 149,114 40,512 135,041 37,924 126,413

Based on a 3-year fixing period at 6.5% per annum ( P and I only)

* Loan To Value Ratio is 75%
* * Monthly amortization may change upon re-pricing of interest rates
 Pag-IBIG Affordable Housing Loan Program

₱400K ₱750K

Hanjin Employees Village Samantha Model, Springtown Villas

Nagbayto, Castillejos, Zambales Tanza, Cavite

Interest Rates and Income Requirements

Amounts NCR & OFWs Outside NCR
GROSS MONTHLY
INCOME PhP 15,000 PhP 17,500 PhP 12,000 PhP 14,000
(Maximum)

LOAN AMOUNT
(Maximum)
PhP 450,000 PhP 750,000 PhP 450,000 PhP 750,000

INTEREST RATE* 3.0%* 6.5%** 3.0%* 6.5%**

*SFixed for the first 5 years of loan term

**Fixedfor the first 10 years of loan term
COUNTRYSIDE HOUSING INITIATIVE (CHI)

• a strategy of the Pag-IBIG Fund

• to engage various stake-holders
• to enable them to participate in the provision of
shelter for the unserved and underserved
sectors and areas in the country
• by providing institutional and end-user financial
packages
• that shall address specific and peculiar needs
that may result to more affordable housing
finance or lower than market acquisition costs.
Stakeholders
• Developers
• Contractors
• Employers
• Cooperatives
• Local government units
• Housing associations
• Other parties of interest
Beneficiaries, unserved or underserved
sectors
• Pag-IBIG members
• Employees or employee groups
• Cooperative members
• Local government constituents
• Sectorial beneficiaries
• Uniformed personnel, AFP, PNP, BJMP, BuCOR
• Other Working Groups, such as transport sector
associations, market vendor associations,
• Teachers Associations.
Cost Saving Strategies

- Pricing at cost
- Subsidies
- Land may be provided by employer, LGU, benefactor
- Amortization Subsidies, part of the amortization may be
subsidized by the employer (if the form of housing
allowance), LGU, benefactor
- May be in the form of sweat equity by volunteer groups
- May be in the form of grants from foundations, charity
institutions
- May be in the form of discounts in equipment rental or cost
of raw materials
- May be in the form of waiver of sales and marketing costs
- ROPA bulk sales discount
 Pag-IBIG Fund

End-User Loan
GLAD/GHLP

DDLP/HCFL
Repayment

Repayment
JVA
Amortization
developer
LGU
Beneficiary
landowner
Cooperative
association acquisition
HDMF
Group/Assn ROPA
organization production
supplier
Employer
Institutional partnerships
contractor
CHI Sample Projects

Villa Veronica Housing L’Oasis Housing

San Juan, Gingoog, Misamis Oriental Brgy. Baritan, Malabon City
₱302 K – ₱315 K ₱450 K – ₱915 K
CHI Sample Projects

Sanca Ville Subdivision Sto. Nino Heights Subdivision

San Carlos City, Negros Occidental Poblacion, Dangcagan, Bukidnon

₱450,000 ₱750,000
 Sanca Ville Subd.
San Carlos City, Negros Occidental

Features:
• LGU acquired the property
for LGU housing in partnership with
the employees cooperative and JF
Ledesma
• LGU will recover cost of land and
site development at PhP120K/lot

Price Range:
₱450,000
(1-2 Bedrooms)
Appraised Value:
₱679,600
ACTUAL Sanca Ville Subdivision
UNITS
1-2 Bedrooms
 LGU Dangcagan,
Bukidnon
(Sto. Nino Heights Subdivision)
Poblacion, Dangcagan, Bukidnon

Features:
• Land owned by LGU
• JV between LGU (landowner)
and developer

Price Range:
₱450 K to ₱750 K

(1-2 Bedrooms)
Appraised Value:
₱555 K to ₱1 M
ACTUAL LGU Dangcagan, Bukidnon
(Sto. Nino Heights Subdivision)
UNITS
1-2 Bedrooms
 LGU Gingoog City,
Misamis Oriental
(Villa Veronica Resettlement Project)
Upper Malangka, San Juan, Gingoog

Features:
•Land owned by LGU
• NHA funded site development
• Developer front-ended cost
of house construction

Price Range:
₱302 K to ₱315 K

(1 Bedroom)
Appraised Value:
₱477 K to ₱504 K
 LGU Gingoog City, Misamis Oriental
ACTUAL (Villa Veronica Resettlement Project)
UNITS
1 Bedroom
 LGU Malabon
(L’Oasis Housing)
Brgy. Baritan, Malabon City

Features:
• Land is owned by LGU

• LGU partnered with developer,

Phinma, for site development
and building construction

Price Range:
₱450K – ₱915K (Studio Type)

Appraised Value:
₱693k – ₱979k
ACTUAL LGU Malabon (L’Oasis Housing)
Brgy. Baritan, Malabon City
UNITS
Studio Type
 Pag-IBIG Fund at a Glance

17.65 Million ₱25.40 B Net Income

Members
as of Oct. 2017
2017

2016 Dividends
₱486.9 B ₱36 B
Total Assets Membership Savings ₱22.3 B
as of Oct. 2017
2017 HIGHEST EVER!

124 23
2016 Dividend Rate

Branches
Nationwide
6.93%
per annum
Posts Worldwide
All these without increasing
the monthly mandatory
membership savings of
₱100 only since 1980s.
#YourPagIBIGFundAtYourService