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How To Guide
How to Avail the OFW Pag-Ibig Overseas Program
Oct 1, 2004
The Pag-IBIG Overseas Program (POP) is a voluntary savings program which aims to give Filipino overseas contract workers ,immigrants and naturalized citizens the chance to avail of a housing loan of as much as P 2,000,000.00 and save for the future.
We will feature in How-To Guide the things you need to know to be part of OFW POP Savings Program:
Qualifications of POP members
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
Required Monthly Savings
Prominent features of OFW POP
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)
Member can withdraw their savings in occurrence of the following:
membership maturity of 5 or 10 years
separation from work due to health reasons
Total Disability or Insanity
Death
Required documents for refund of savings
Original copy of POP Passbook
Application for Provident Benefit
Special Power of Attorney ( if applicable)
We will feature in How-To Guide the things you need to know to be part of OFW POP Savings Program:
Qualifications of POP members
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
Required Monthly Savings
Gross Monthly Income | 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 |
Prominent features of OFW POP
Member can withdraw their savings in occurrence of the following:
Required documents for refund of savings