How to Avail the OFW Pag-Ibig Overseas Program

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 P2,000,000.00 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

Required Monthly saving for OFW POP
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

·  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)

You can file for membership, withdraw membership, remit or pay monthly savings at the following places:

• Pag-IBIG Overseas Program Office
• POP Overseas Offices
• Accredited Overseas Marketing Representatives
• Metro Manila and Provincial Offices
• Accredited Collecting Banks/Remittance Companies

Members can pay at the following places
Europe

·  PNB London (Savings Acct. No. 0725-219601-401)

·  ABC UK (UKD 2000097)

Asia Pacific

·  PNB HK (Savings Acct. No. 0730-475270-501)

United States of America

·  Oceanic Bank (Savings Acct. No. 3700143)

·  PNB New York (Savings Acct. No 1713)

·  ABC Guam (Savings Acct. No. 5000-00355-4)

Middle East

·  BPI – Atrium (Savings Acct. No. 3124-0221-09) Speed cash

·  ABC Head Office (Savings Acct. No. 1002-071759)

Canada Bank of Nova Scotia (Savings Acct. No. 2164-10)

Remittance may also be made to any of the following banks:

• RCBC (Savings Acct. No. 8000-08787-5)
• PNB Makati Ave. (Savings Acct. No. 265706641-1)
• LBP (Savings Acct. No. 2204-008496)
• PCIB (Savings Acct. 5463-00176-8)