Home Development Mutual Fund Law of 2009 for Over Seas Filipino Worker part. 2
1. What is the benefit of Pag-ibig member ? A. Benefits of the savings • No tax will be imposed on members' savings • Earned annual dividend annually added to members' savings • The savings remain in the name of the member even if he moves the company, loses work, or becomes self-employed • The government guarantees the savings, to pay for and refund the members' contribution paid regardless of the incidence of PAG-IBIG Monthly Contribution Total expenses after 20 years if the Pag-IBIG Fund's dividend rate is 5% P100 P 31,419.33 P300 P 94,259.79 P400 P 125,679.72 P1,000 P 314,199.29 P1,200 P 377,039.15 B. Short-Term Loans (Multi Purpose and Calamity Loans) It can be repaid for the sudden need for tuition, minor home repair, business capital and so on. The following is an example of how much you can borrow under the Multi-Purpose Loan (MPL) Program.