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Pag-Ibig Fund Overseas Program for Overseas Filipino Workers (OFW)

POP SAVINGS 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

WHO ARE QUALIFIED TO BECOME MEMBERS OF THE OVERSEAS PROGRAM?
Any Filipino or former Filipino citizen who works overseas is eligible to become a member of the Pag-IBIG Overseas Program by accomplishing the Members Data Form and paying the required monthly membership contributions

HOW MUCH IS THE REQUIRED MONTHLY SAVINGS UNDER THE OVERSEAS PROGRAM?
Gross Monthly Income of Member Required Monthly Savings

US$ 1000 and below US$ 20.00
Over US$ 1000 to US$ 2000 US$ 40.00
Over US$ 2000 US$ 50.00

The member may remit or deposit either in US$ Dollars or the corresponding Philippine Peso equivalent based on the prevailing exchange rate as of payment date.

WHAT ARE THE SALIENT FEATURES OF THE SAVINGS PROGRAM?
-Guaranteed by the Government of the Republic of the Philippines
-Tax Free Interest Earnings (No Witholding Tax)
-Fixed Interest Rate of 7.5%/annum for Peso Savings and 3%/ annum for US$ Savings
-Portable ( Even if member change employer/country of work)

WHEN CAN MEMBERS WITHDRAW THEIR SAVINGS?
Upon the occurrence of any of the following:

-membership maturity of 5 or 10 years
-separation from work due to health reasons
-Total Disability or Insanity
-Death

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

(Please visit Pag-Ibig Fund www.pagibigfund.gov.ph website for regular update and complete information)